Signal Booster Global Market Report 2024

The signal booster market size has grown rapidly in recent years. It will grow from $14.75 billion in 2023 to $16.89 billion in 2024 at a compound annual growth rate (CAGR) of 14.75%. The growth during the historical period can be attributed to several factors, including the advent and expansion of 5G networks, advances in electronic components, the widespread adoption of smartphones and other mobile devices, the increasing number of IoT devices relying on cellular connectivity, and geographic and demographic factors.

The signal booster market size is expected to see rapid growth in the next few years. It will grow to $29.16 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. In the forecast period, growth can be attributed to advances in antenna technology, the growth of smart cities, increasing urbanization, government and private sector initiatives to improve connectivity, favorable regulatory frameworks, and government policies, as well as increasing awareness among consumers and businesses. Major trends expected include multi-functional devices, customizable and modular designs, enhanced indoor coverage solutions, advancements in manufacturing and economies of scale, and environmentally friendly and energy-efficient products.

The signal booster market is poised for growth, driven by the increasing adoption of smartphones. Smartphones, which combine mobile phone features with handheld computer functionalities, are in high demand due to factors such as internet accessibility, affordability, enhanced connectivity, lifestyle integration, and social media usage. Signal boosters are utilized with smartphones wirelessly, amplifying cellular signals to improve reception and call quality, particularly in areas with weak network coverage. For example, in April 2022, Vietnam's Department of Telecommunications reported 91.3 million smartphone subscribers in 2021, growing to 93.5 million by March 2022, representing 73.5% of the adult population and indicating the driving force behind the signal booster market's growth.

Leading companies in the signal booster market are focusing on developing advanced solutions such as 5G C-band signal boosters to meet the increasing demand for enhanced 5G connectivity and network performance. 5G C-band signal boosters enhance the C-band frequency spectrum used for 5G wireless communication, enabling faster data speeds and expanded coverage. For instance, SureCall, a US-based signal booster manufacturer, launched SpeedLink, the first C-band booster approved by Verizon for their 5G Ultra-Wideband (UWB) network in May 2024. This booster addresses coverage gaps and boosts network capacity in large buildings, delivering data speeds of up to 1 Gbps without fiber backhaul.

In March 2021, Potter Electric Signal Company LLC acquired Surecall’s emergency responder communication enhancement systems to enhance its public safety communication offerings. SureCall, a US-based manufacturer of cell phone signal boosters and distributed antenna systems, brings expertise and technology to Potter Electric, allowing for expanded product offerings for public safety, especially during critical emergencies where reliable communication is crucial.

Major companies operating in the signal booster market are Corning Incorporated, Amphenol Corporation, CommScope Holding Company Inc., Sunwave Communications Co. Ltd., Kathrein Inc., Comba Telecom Systems Holdings Ltd, TESSCO Technologies, PCTEL Inc., Wilson Electronics Inc., Nextivity Inc., Bird Technologies Private Limited, zBoost LLC, HiBoost, Dali Wireless Inc., SmoothTalker Inc., JDTECK Inc., Stella Doradus Ltd., Boomsense Technology Co. Ltd., SolidRF Inc., Shenzhen Huaptec Co. Ltd.

North America was the largest region in the signal booster market in 2023. The regions covered in the signal booster market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

A signal booster is a device that enhances cellular signal reception in areas with weak or poor coverage. It amplifies the existing signal and rebroadcasts it to improve reception quality and increase data speeds for mobile devices such as smartphones, tablets, and wireless hotspots. These boosters are commonly used in buildings, vehicles, and rural areas to overcome signal obstacles and ensure better connectivity.

The main types of signal boosters, analog signal boosters and digital signal boosters. Analog signal boosters amplify analog signals to enhance their strength and quality, improving transmission and reception in various communication systems. The technology covers generations such as 2G, 3G, 4G, 5G, and beyond, serving applications such as densely populated areas, urban fringe, suburban and rural areas, among others.

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

The signal booster market consists of sales of cellular repeaters, Wi-Fi extenders, and distributed antenna systems (DAS). 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.

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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