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Antenna Tuning Switches Market | Top Trends and Key Players Analysis Report 2021-2031

08-11-2022 08:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

The Antenna Tuning Switches market is set to witness significant growth and is expected to grow at 15% CAGR during 2021-2031. Antenna tuning switches are used in smartphones, tablets, data dongles, and other network-connected wireless devices to increase telecommunication-related features. It integrates the individual receiver and transmit paths of individual frequency bands for technology like GSM, EDGE, UMTS, CDMA and LTE. The market will show significant growth in coming years, owing to rise in number of users of smartphones, wireless telecomm devices, and tablets.

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What is Driving Demand for Antenna Tuning Switches?

Evolving end-user demand for 5G technology and high demand of smart devices continues to drive antenna tuning switches sales. Antenna tuning switches optimizes voice services and data services in telecommunication devices. They also enhance the efficiency of smartphones, battery life of mobile devices, and signal processing capabilities.

For the use of high speed communication technologies like 4G LTE and 5G, the antenna tuning switches plays very important role. Hence, the increase in demand for technologies like 5G, 5G Advanced, would drive the demand for antenna tuning switches, in the coming years.

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LTE and SOI Technology Likely to Augment Antenna Tuning Switches Sales

The technology like silicon on insulator (SOI) evolves since last decade which provides better performance/price ratio. Also the emergence of technology like LTE in recent years has increased the demand of the antenna tuning switches. So adoption of these technologies by consumers would augment the growth of the antenna tuning switches. Antenna Tuning Switches is used extensively in telecommunication industry. Although amid the COVID-19 pandemic there has been disruption in the supply chain of semiconductors and electronics components, due to shortage of raw materials and temporary shutdown of production facilities. This has impacted the sales of antenna tuning switches to some extent. However, sales are likely to improve over the course of the assessment period, once the market recovery curve starts growing by Q4-2021.

US and Canada Antenna Tuning Switches Outlook
U.S. is anticipated to constitute a major share in the North America antenna tuning switches market during the forecast period. This can be attributed to large investments in semiconductor and electronics technology, presence of a large number of tech-players in this region, and early adoption of new and emerging technologies for connectivity and communications. The emergence of several important technologies like 5G and LTE are already reshaping much of the country's economy.

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These new technologies create potential economic opportunities as U.S. has large number of prominent telcos and wireless communication services providers like AT&T, Verizon, T-Mobile and others. U.S. and Canada is an extremely open market for telecommunication industry and service provider. Thus, the rising trend of automation in the ICT domain across the country is expected to drive the growth of antenna tuning switches market.

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

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