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5G antenna market to reach $33.8 billion by 2030

The global 5G antenna market is expected to reach an estimated $33.8 billion by 2030 with a CAGR of 61.1% from 2024 to 2030, according to Research and Markets.

The future of the global 5G antenna market looks promising with opportunities in the infrastructure, automotive, radar, satellite communications, and cellular communications markets. The major drivers for this market are rising interest in mobile networking, increase in the need for networks with fast connectivity, and growing need for iot and machine-to-machine networks.

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G antenna companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

5G Antenna Market Insights

  • Switched multi-beam will remain the larger segment over the forecast period due to implementation for dynamically altering a beam’s direction.
  • North America will remain the largest region over the forecast period because of large investment in the deployment of 5G, increasing expenditures to extend wireless technology’s reach, as well as, growing smart antenna and multi-input multi-output (MIMO) antenna applications.

Features of the Global 5G Antenna Market

  • Market Size Estimates: 5G antenna market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: 5G antenna market size by type, product, application, and region in terms of value ($B).
  • Regional Analysis: 5G antenna market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, product, application, and regions for the 5G antenna market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G antenna market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Research and Markets

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