The Base Station Antenna Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Base Station Antenna Global Market Report 2024, The base station antenna market size has grown rapidly in recent years. It will grow from $7.33 billion in 2023 to $8.46 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to expansion of mobile networks, increased mobile data usage, rise in smartphone penetration, network upgrades and modernization, introduction of carrier aggregation, globalization of mobile services, focus on rural connectivity, demand for high-speed connectivity..
The base station antenna market size is expected to see rapid growth in the next few years. It will grow to $14.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to demand for indoor connectivity solutions, edge computing integration, focus on energy-efficient solutions, demand for smart antenna systems, urbanization and smart city initiatives, advanced antenna beamforming techniques, focus on network security. Major trends in the forecast period include 5g network deployment, multiple input multiple output, small cell deployments, dual-polarized antennas, remote electrical tilt (ret) technology, iot and smart city deployments, advanced antenna tuning..
The increasing usage of mobile devices will boost the demand for base station antenna. The demand and usage for mobile devices are increasing to access the internet and stay connected virtually. Base station antenna provides cellular connectivity to users for their mobile devices. For example, according to a Sweden-based networking and telecommunications company, Ericsson, the number of mobile connections associated with smartphones has reached 6.66 billion, which accounts for nearly 4 in 5 of all the mobile phones in use around the world presently (2022). Therefore, increasing usage of mobile devices is expected to boost the base station antenna market.
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The base station antenna market covered in this report is segmented –
1) By Type: Omni Antenna, Dipole Antenna, Multibeam Antenna, Small Cell, Other Types
2) By Technology: 3G, 4G or LTE, 5G
3) By Application: Mobile Communication, Intelligent Transport, Industrial, Smart City, Military and Defense, Other Applications
Technological advancements are a key trend gaining popularity in the market. Companies in the market are focusing on technologies such as smart antennas, which have a higher capacity to improve mobile communication infrastructure and provide great wireless network capacity and coverage. Such advancements enable key players to gain a competitive advantage in the market. For instance, in March 2021, the electronics business division of a US-based pharmaceutical company, Merck announced the launch of licriOn, a liquid crystal-based solution for electronically beam-steered smart antennas. licriOn technology uses custom-designed molecules with optimized microwave properties to enable a new type of antenna that improves modern data communication. These antennas can be easily connected with stationary and moving satellites and are a cost-efficient solution for connectivity even in remote areas.
The base station antenna market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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