Antenna Tuning Switches Market Estimated to Record Highest CAGR by 2031

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 telecom devices, and tablets.

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.

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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.

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.

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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.

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.

Europe Demand Outlook for Antenna Tuning Switches

Europe is the second largest contributor to the telecommunication market, due to the widespread acceptance of innovations and the upcoming technology among the large numbers of vendors operating in the region. Emergence of 5G technology in Europe in past few years, have made the region one of the advanced region in the world for 5G technology implementations, enabling next-generation wireless connectivity.

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The European ICT industry is clearly dominated by the UK, Germany and France. The vendors across the region are adopting various growth strategies, such as product enhancements and new launches, partnerships, and acquisitions, strengthening their position in the market. Thus, the straighten government regulations in the region is expected to drive the market growth in coming years.

Who are the Key Manufacturers of Antenna Tuning Switches?

Some of the leading manufacturers and suppliers of antenna tuning switches include CST Computer Simulation Technology GmbH, Johanson Technology, Qorvo, Inc., ABACOM Technologies Inc., TDK Electronics AG, YAGEO Corporation, Analog Devices, Inc., Skyworks Solutions, Inc. Murata Manufacturing Co. Ltd., Infineon Technologies AG, Qorvo, Inc. Shanghai CanaanTek Co. Ltd., Cavendish Kinetics, Inc., and OKI Electric Industry Co. Ltd.

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This release was published on openPR.