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Unveiling the Future of Connectivity: Comprehensive Analysis of Base Station Antenna Market Trends, Drivers, and Forecast 2033
Base Station Antenna Market
As per the report, the base station antenna market size has grown rapidly in recent years. It will grow from $7.33 billion in 2023 to $8.46 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The base station antenna market size is expected to see rapid growth in the next few years. It will grow to $14.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.
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Surging Mobile Device Usage Drives Demand For Base Station Antennas
The increasing usage of mobile devices will boost the demand for base station antenna. The demand and usage for mobile devices are increasing to access the internet and stay connected virtually. Base station antenna provides cellular connectivity to users for their mobile devices. For example, according to a Sweden-based networking and telecommunications company, Ericsson, the number of mobile connections associated with smartphones has reached 6.66 billion, which accounts for nearly 4 in 5 of all the mobile phones in use around the world presently (2022). Therefore, increasing usage of mobile devices is expected to boost the base station antenna market.
Technological Advancements In The Base Station Antenna Market
Technological advancements are a key trend gaining popularity in the market. Companies in the market are focusing on technologies such as smart antennas, which have a higher capacity to improve mobile communication infrastructure and provide great wireless network capacity and coverage. Such advancements enable key players to gain a competitive advantage in the market. For instance, in March 2021, the electronics business division of a US-based pharmaceutical company, Merck announced the launch of licriOn, a liquid crystal-based solution for electronically beam-steered smart antennas. licriOn technology uses custom-designed molecules with optimized microwave properties to enable a new type of antenna that improves modern data communication. These antennas can be easily connected with stationary and moving satellites and are a cost-efficient solution for connectivity even in remote areas.
The base station antenna market covered in this report is segmented -
1) By Type: Omni Antenna, Dipole Antenna, Multibeam Antenna, Small Cell, Other Types
2) By Technology: 3G, 4G or LTE, 5G
3) By Application: Mobile Communication, Intelligent Transport, Industrial, Smart City, Military and Defense, Other Applications
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Major companies operating in the base station antenna market report are CommScope Holding Company Inc., Amphenol Corporation, Ace Technologies Corporation, Comba Telecom, Huawei Technologies Co. Ltd., Rosenberger Hochfrequenztechnik GmbH & Co. KG, Ericsson India Limited, Carlson Wireless Technologies, Cobham Antenna Systems, Filtronic plc, Panorama Antennas, ProSoft Technology Inc., Kathrein-Werke KG, Tongyu Communication Inc., Huawei Technologies Co. Ltd., Nokia Corporation, Molex LLC, Airgain Inc., Galtronics USA Inc., Sunway Communication, Luxshare Precision, Murata Manufacturing Co. Ltd., PC-Tel Inc., Radio Frequency Systems, Kaelus Inc., Aerial Technologies Inc., Alpha Wireless Ltd., CellMax Technologies LLC, Chelton Limited, Holitech Technology Co. Ltd.
Contents of the report:
1. Executive Summary
2. Base Station Antenna Market Report Structure
3. Base Station Antenna Market Trends And Strategies
4. Base Station Antenna Market - Macro Economic Scenario
5. Base Station Antenna Market Size And Growth
…..
27. Base Station Antenna Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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