The revenue of the mobile communication antenna market is expected to reach $47.46 billion by 2021 — growing at a CAGR of over 10 percent during 2017-2021.
Areas such as smart antenna, laser direct structuring (LDS), and base transceiver station (BTS) are part of the mobile communication antenna market.
ALSO READ: Technavio’s report on mobile communication antenna market
Demand for network capacity to access connected services and the increase in the number of mobile computing devices and their data traffic are the growth drivers for mobile communication antenna market globally.
Availability of Internet connectivity is encouraging enterprise users to go for large-scale adoption of the internet of things (IoT) devices. Telecom infrastructure companies have developed a concept that uses adaptive antenna arrays to meet increasing demand for network capacity.
Nearly 80 percent of the enterprises in the US use connected products and services with the support of cloud platforms and data analytics to improve their business efficiency. The development of agile network infrastructure is helping to manage the increasing data traffic.
Mobile network operators in North America are seeking cost-effective ways to upgrade and maintain their mobile backhaul networks. Factors such as increased penetration of internet-enabled devices, growth in mobile data traffic, and availability of faster Internet connections are expected to drive the market growth in the Americas.
The number of internet users in countries like India and China is growing significantly – supported by the availability of affordable Internet-enabled devices and cost effective Internet plans.
Investment in the development of ICT to develop intelligent transportation systems, smart grid technologies, smart buildings, and smart water management systems will significantly push the demand for mobile antenna market in Asian countries such as Indonesia, Malaysia and Thailand.
Mobile communication antenna market in EMEA will be growing at a CAGR of almost 13 percent during 2017-2021. “Most of this growth is driven by the development of smart cities in Nordic regions like Sweden, Norway, Denmark, and Finland,” said Technavio analysts.
Some of the African governments have introduced reforms to enforce smart monitoring of electricity and water meters, driving the use of 5G communications in the energy and utility sectors. Saudi Arabia is making investment in various smart city projects.
Comba Telecom, Kathrein-Werke, Laird, Wistron NeWeb Corporation are some of the technology vendors in the global mobile communication antenna market.
