5G Antenna Market Size, Share, Trends, Growth Factors, Regional Outlook, Key Players Analysis, Global Forecast to 2032
The 5G antenna market size is expected to be valued at USD 31.55 billion in 2023 and reach USD 122.8 billion by 2032, growing at a CAGR of 16.3% from 2024 to 2032.
5G antennas are the foundation of a new era of connectivity.
The introduction of 5G technology heralds a communications revolution that will impact a range of industries, from business to autonomous vehicles. At the core of this change is New Radio (NR) technology, which operates at much higher frequencies than its predecessor, LTE. The move to mmWave frequencies will require a significant increase in antenna installations to compensate for rapid signal weakening. The move from approximately 30,000 antennas nationwide to an estimated 300,000+ will certainly bolster early 5G applications such as fixed wireless. However, it is important to note that the expansion of 5G mobility coverage, which is essential for technologies such as autonomous vehicles, will require a much larger antenna network. The rapid increase in the need for antennas is a key aspect of the ever-growing 5G antenna industry and highlights its significant impact in shaping the future of connectivity.
reading PThe study targets the following demographics::
-Ericsson
– TE Connectivity
– Cobham Antenna System
– Shenzhen Sunway Communication
– Huizhou Speed Wireless Technology
– Mitsubishi Electric Corporation
– Keysight Technologies
– National Instruments
– Huawei Technologies Co., Ltd.
– Qualcomm Technologies
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5G Antenna Market Segment Analysis
By application, automotive will account for 46% share of the 5G antenna market in 2023.
Rapid integration of advanced communication technologies such as 5G antennas in the automotive industry is enabling market leadership. This growth is driven by the growing demand for connected and autonomous vehicles that require high-speed data transfer for features such as V2X communication, ADAS, and infotainment. The rise of electric vehicles with advanced connectivity requirements is also fueling this phenomenon.
By type, adaptive array antennas dominated the 5G antenna market with a share of 56% in 2023. The key role of adaptive array antennas in 5G networks lies in their advanced beamforming capabilities and their ability to adapt signal patterns for best performance. These antennas boost signal strength, reduce interference, and improve data speeds, hence their increasing use in mobile communications, IoT, and smart city applications.
Regional Analysis of 5G Antenna Market
North America is expected to account for 34% of the 5G antenna market by 2023. North America is poised to dominate the 5G antenna market due to early adoption of 5G and the entry of major players such as Qualcomm, CommScope, and Cisco. Significant investments by major telecommunications companies in expanding 5G infrastructure continue to strengthen the region’s leadership position.
Asia Pacific is the fastest growing region for the 5G antenna market, accounting for a share of 24% in 2023. The rapid expansion of the region is mainly due to the growing population and increasing need for high-speed internet and advanced mobile services. Countries such as China, India, and Japan are leading the advancement of 5G infrastructure, which is driving heavy investments in antenna technology. Furthermore, the growth of urban areas in the region and the increasing popularity of smartphones are creating favorable conditions for the widespread adoption of 5G antennas. The expected growth in the Asia Pacific market is driven by technological advancements and the increasing use of IoT and smart city projects.
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Recent Developments
– Huawei’s green antennas were installed in northwest China in July 2024, achieving 20% energy savings and expanding 5G coverage. They support frequencies from 700MHz to 1800MHz, helping China’s efforts to reduce carbon emissions.
– BAT[G]Panorama Antennas’ M4-6-60 was launched in October 2023. It is compatible with 4G/5G networks, dual-band WiFi 6E, and GPS/GNSS. It is specially made for tough network conditions, offering fast data speeds and an IP55 rating. It is ideal for mounting in vehicles.
Key Takeaways
– The continued rollout of 5G across the globe will lead to significant expansion potential, providing a significant opportunity for market growth.
– Continued advancements in antenna design and AI integration will be essential to meet the needs of future 5G networks.
– Expanded manufacturing is essential to meet growing global demand for 5G antennas.
– Geopolitical aspects and partnerships will have a major impact on market trends and supply chain choices.
Table of Contents – Key Points Analysis
Chapter 1 Overview
Chapter 2. Global Market Definition and Scope
Chapter 3 Global Market Trends
Chapter 4. Impact on the 5G Antenna Market analysis
4.1 COVID-19 Impact Analysis
Chapter 4.2 The Impact of the Ukraine-Russia War
Chapter 4.3 Impact of the ongoing recession
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s Five Forces Model
Chapter 7 PEST Analysis
Chapter 8 Global 5G Antenna Market (by Type)
Chapter 9. Global 5G Antenna Market by Technology
Chapter 10. Global 5G Antenna Market by Application
Chapter 11 Regional Outlook
Chapter 12 Competitive Information
Chapter 13 Major Company Analysis
Chapter 14 Research Process
To be continued…
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