Transmitting Antennas Global Market Report 2024

The transmitting antennas market size has grown rapidly in recent years. It will grow from $22.76 billion in 2023 to $25.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth observed during the historical period can be attributed to several key factors, including the expansion of television and radio broadcasting, the development of telecommunications infrastructure, the application of these technologies in military and defense contexts, the growth of satellite communications, and the proliferation of Wi-Fi and wireless networking.

The transmitting antennas market size is expected to see rapid growth in the next few years. It will grow to $39.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The anticipated growth in the forecast period can be attributed to several factors, including the widespread deployment of 5G networks, the increasing adoption of IoT (Internet of Things) and smart devices, the integration of connectivity in vehicles, and advancements in aerospace and satellite communication technology. Significant trends expected in the forecast period encompass the utilization of beamforming technology, the expansion of IoT connectivity, the incorporation of smart antennas, and the development of 5G millimeter-wave (mmWave) antennas.

The growing investment in autonomous vehicles is boosting the demand for antennas, thus driving the market. Autonomous vehicles are equipped with a range of sensing technologies, including cameras, LIDAR, GPS, and radar transceivers, to navigate complex environments. For example, in June 2021, General Motors Co., a US-based automotive manufacturer, announced a substantial increase in its investments in electric and autonomous vehicles, committing $35 billion between 2020 and 2025, marking a 75 percent increase from its pre-pandemic commitment. These increased investments in autonomous vehicles are fueling the growth of the transmitting antennas market.

The principal categories of transmitting antennas encompass smart antennas, mini-strip antennas, and other variations. Smart antennas are a type of digital antenna equipped with signal tracking and processing capabilities. These antenna configurations find widespread applications in fields such as signal processing, radar systems, and telecommunications. Transmitting antennas operate across a range of frequencies, including HF (High Frequency), VHF (Very High Frequency), and UHF (Ultra High Frequency), and are employed in various industries, including aerospace and defense, consumer electronics, healthcare, telecommunications, and other end-use sectors.

The transmitting antennas market research report is one of a series of new reports that provides transmitting antennas market statistics, including transmitting antennas industry global market size, regional shares, competitors with a transmitting antennas market share, detailed transmitting antennas market segments, market trends and opportunities, and any further data you may need to thrive in the transmitting antennas industry. The transmitting antennas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The expansion of 5G networks is expected to propel the growth of the transmitting antennas market in the coming years. The global deployment of 5G networks necessitates a significant increase in transmitting antennas to support the higher data speeds and network capacity that 5G technology offers. For instance, according to 5G Americas, a US-based industry trade organization, the number of 5G wireless connections surged by 76% between the end of 2021 and the end of 2022, reaching a total of 1.05 billion connections. It is projected to reach 5.9 billion by the end of 2027, according to data from Omdia and 5G Americas. Consequently, the growing demand for 5G networks is expected to drive the transmitting antennas market.

The market for transmitting antennas faces a significant restraint in the form of the demand for low-cost antennas. Customers increasingly seek small-sized, cost-effective, and highly efficient antennas, which presents a technical challenge for manufacturers. The size and cost of antennas are not linearly related, and reducing the antenna size can affect its efficiency. The demand for low-cost antennas places pressure on companies to deliver high-efficiency antennas at the same cost. This demand for low-cost transmitting antennas hampers the growth of the transmitting antennas market.

Many companies are addressing the rising demand for military antennas by manufacturing specialized military-grade antennas. These military antennas provide enhanced surveillance, precise tracking, and address security concerns for various military applications, including aircraft, naval vessels, armored vehicles, and more. For example, TACo., a Canada-based company, specializes in manufacturing multiple military antennas for applications such as ground-air-ground, air traffic control, and various vehicular and base communications needs. The increasing need for advanced features in military antennas is contributing to market growth.

Major companies in the transmitting antennas market are innovating with new technologies such as the Light Antenna ONE, a LiFi module designed for integration into billions of devices, as showcased at MWC Barcelona. LiFi is a wireless data transmission system that utilizes light, rather than radio frequencies. The Light Antenna is an optoelectrical antenna designed to enable LiFi in connected devices and integrates seamlessly like conventional RF antennas. For instance, in February 2023, PureLiFi, a UK-based telecommunications equipment supplier, launched the Light Antenna Module at the Mobile World Congress (MWC) in Barcelona. This cutting-edge wireless communications antenna is smaller than a US dime and is prepared to enable LiFi in a wide range of connected devices and smartphones at scale, following the IEEE 802.11bb Light Communication standard, which is set to be ratified soon.

In July 2021, COMSovereign Holding Corp., a US-based manufacturer of 5G communication systems and 4G LTE Advanced technology, acquired RF Engineering & Energy Resource for $2.7 million. This acquisition is expected to strengthen COMSovereign's internal capabilities for developing wireless products by adding highly skilled and experienced engineers to the team. It also brings in a fully developed sales and distribution network for tier-one clients. RF Engineering & Energy Resource is a US-based developer, manufacturer, and distributor of ultra-high-performance microwave antennas and other branded solutions.

Major companies operating in the transmitting antennas market include Accel Networks, Honeywell International, Intel Corporation, Alcatel-Lucent International Holdings, Ruckus Wireles, Airgo Networks (Acquired by Qualcomm), Broadcom Corp, Linx Technologies, Samsung Electronics, Motorola, ArrayComm, Qualcomm, Comba Telecom, KATHREIN-Werke, Laird, Advanced RF Technologies (ADRF), Cobham Wireless, CommScope, Bird Technologies, Ericsson, Huawei Technologies, ZTE, Antennas Direct, VOXX Accessories Corp, Jasco Products (GE), Best Buy, Winegard, Mohu, Polaroid, Channel Master, Marathon

North America was the largest region in the transmitting antennas market in 2023. Asia-Pacific is expected to be the fastest-growing region in the transmitting antennas market during the forecast period. The regions covered in the transmitting antennas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the transmitting antennas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The transmitting antennas market consists of sales of equipment, which allow wireless communication between a group of devices and their related networks. Antennas transform electrical energy from the transmitter into electromagnetic energy and radiate into the surrounding atmosphere. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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