The wonderful progress of the 5G antenna market was estimated at $ 9,835.zero million in 2018 and is projected to succeed in $ 34,720.1 million by 2027, a 15.5% enhance in CAGR over the forecast interval as a result of rising adoption of IoT in trade – and residential sector, says Absolute Markets Insights
5G technology is growing at the speed of light. The advancement in cloud technology is driving digitization in various industries, from entertainment to media to advertising. Smartphones and tablets as well as other intelligent devices such as water purifiers, refrigerators, washing machines, loudspeakers, etc. are connected to one another via the Internet. This phenomenon leads to the Internet of Things, or IoT for short. Industry 4.0 or Industrial IoT is late in the news. The above cases indicate the need for a faster and safer internet. The fifth generation of cellular networks offers this and much more. 5G networks are characterized by faster data rates, higher bandwidth and higher capacity with significantly lower latency. As a result, the 5G antenna market is attracting numerous players.
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Latency, which is the minimum time it takes for a device to respond to a request from another source, is around 1 millisecond on 5G networks. In the current 4G networks, it is almost 29 times larger. The greater bandwidth allows the devices to communicate with each other faster, which reduces latency. The development of intelligent cities around the globe opens up opportunities for 5G antenna manufacturers. 5G phones are already on the market. Taiwanese companies like Zhen Ding Technology and Flexium Interconnect are eagerly awaiting 5G antenna orders from smartphone manufacturers like Apple Inc. The 5G antenna market is making significant strides in the APAC region.
Research and development are carried out rampantly by semiconductor companies in particular. Qualcomm Technologies, Inc., for example, has already released its QTM052 mmWave antenna. The technology is the world’s first successful attempt to integrate mm wave radio frequency into various intelligent devices. The development of augmented reality and virtual reality is expanding the horizons in education and entertainment. AR and VR require faster internet for buffer-free streaming. The advent of 5G will enable greater adoption of these technologies. The 5G antenna market will grow faster through the use of compact 5G antennas.
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The detailed research study offers a qualitative and quantitative analysis of the 5G antenna market. The market has been analyzed from both the demand and the supply side. The demand-side analysis covers the market revenues in all regions and beyond in all major countries. The supply-side analysis covers the most important market participants as well as their regional and global presence and strategies. The geographic analysis is focused on each of the major countries in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Main findings of the report:
In terms of revenue, the global 5G antenna market is expected to reach $ 34,720.1 million by 2027 as digitization accelerates across industries and the Internet of Things grows.
Due to the complex architecture of the MIMO-based 5G antennas (Multiple Input Multiple Output), the highest CAGR is expected in the forecast years due to their complex architecture.
In terms of geography, the Asia-Pacific region is expected to have a maximum growth of 19.3% over the forecast period.
Some of the companies active in the 5G antenna market are ANSYS Inc., Broadcom Inc., CalAmp, Cobham plc, Comba Telecom Systems Holdings Ltd., COMMSCOPE, Honeywell International Inc., Intel Corporation, Linx Technologies, Movandi Corporation, Nokia, NXP Semiconductors , PCTEL, Quallcomm Technologies, Inc., Ruckus Networks, an ARRIS company, Samsung, Sierra Wireless, Smart Antenna Technologues Ltd., Telefonaktiebolaget LM Ericsson, ZHEJIANG JC Antenna Co. Ltd.
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5G antenna market:
Multiple input multiple output (MIMO)
MISO (Multiple Input Single Output)
Single input multiple output (SIMO)
5G Antenna Market By Geography
Rest of north america
The United Kingdom
Rest of Europe
South East Asia
Rest of Southeast Asia
Rest of the Asia Pacific
Middle East and Africa
Rest of the Middle East and Africa
Rest of Latin America
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