Global Antenna Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The antenna serves as a conduit between conductors that transport current and radio waves that are flowing across space. As a transducer, it transforms the radiofrequency field into alternating current and back again. The major driving factor for the market is growing telecommunication industry and rising sales of wearable devices.
Approximately 22.6 million smartwatch devices were sold in the United States in 2020, according to the Consumer Technology Association. Additionally, according to Cisco, there will be 439 million wearable devices in the North American region by 2022. As businesses from many industries adopt remote work policies, excessive demand for mobile and communications networks, might lower service quality and have an influence on the market.
The key regions considered for the Global Antenna Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Devices including smartphones, wearables, laptops, tablets, and other consumer electronics with communication technology are widely used in North America. Cisco estimates that the average number of devices and connections per person in the area was USD 8.2 million in 2018. By 2023, it is anticipated to reach USD 13.4 million, the highest value ever recorded and over three times the average value for the entire world. The Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as development by key market players and growing corporate culture, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
TE Connectivity (Switzerland)
Ficosa Internacional SA (Spain)
DENSO CORPORATION (Japan)
Pulse Electronics (US)
Laird Connectivity (US)
Antenova Ltd. (UK)
Johanson Technology, Inc. (US)
Linx Technologies (US)