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Global System For Mobile Communication (GSM) Antenna Market Report - Market size, share, growth trends, industry analysis, key players, and demand forecast 2033
Global System For Mobile Communication (GSM) Antenna Market
According to The Business Research Company's, The global system for mobile communication (GSM) antenna market size has grown strongly in recent years. It will grow from $1.97 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing demand for voice communication, growth of mobile subscriber base, adoption of mobile data services, regulatory policies promoting mobile connectivity, and proliferation of mobile devices.
The global system for mobile communication (GSM) antenna market size is expected to see strong growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing mobile data consumption, rise of internet of things (IoT) applications, demand for improved network coverage, growth in telecommunication infrastructure investments, and deployment of small cell technology. Major trends in the forecast period include integration of advanced beamforming technology, development of compact and lightweight antennas, shift towards multi-band and multi-technology antennas, adoption of software-defined antenna systems, development of antenna solutions for connected vehicles.
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Market Drivers and Trends:
The growing demand for high-speed connectivity is expected to propel the growth of the global system for mobile communication (GSM) antenna market going forward. High-speed connectivity refers to a network or internet connection that provides rapid data transmission rates, enabling the efficient and swift transfer of information between devices or users. The demand for high-speed connectivity is due to changing consumer behaviors, economic imperatives, and societal needs. GSM antennas transmit signals to and receive signals from mobile devices, ensuring that users receive strong and stable connections. Antennas are designed to amplify signals and minimize interference, which helps maintain high signal quality and supports faster data transmission speeds for users accessing the network. For instance, in June 2023, according to 5G Americas, a US-based wireless industry trade association, global 5G connections reached 1.2 billion in the first half of 2023 and are anticipated to grow to 1.9 billion by the end of the same year, and 6.8 billion by the end of 2027. Therefore, the growing demand for high-speed connectivity is driving the growth of the global system for mobile communication (GSM) antenna market.
Major companies operating in the global system for mobile communication (GSM) antenna market are increasing their focus on developing dual-band routers to gain a competitive edge in the market. Dual-band routers are networking devices that operate on both the 2.4 GHz and 5 GHz frequency bands, allowing for simultaneous connections on multiple bands to optimize performance and reduce interference in wireless networks. For instance, in January 2023, Consistent Infosystems Private Limited, an India-based company that provides information technology (IT) services and manufactures computer hardware, launched a dual-band GSM wireless router. This platform features dual-band connectivity, GSM compatibility, long-range operation, versatile functionality, high-speed data networking, and remote surveillance capabilities. This router aligns with the rapid advancements in 5G technology by providing dual-band connectivity with LTE support, preparing users for the transition to advanced networks, and influencing the evolution of the global system for mobile communication (GSM) antenna market towards accommodating modern devices and technologies.
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Major Key Players of the Market:
Huawei Technologies Co. Ltd., Cisco Systems Inc., Qualcomm Inc., Broadcom Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, ZTE Corporation, Amphenol Corporation, CommScope Holding Company Inc., Ciena Corporation, Viasat Inc., Cobham Wireless, Lumentum Holdings Inc., Infinera Corporation, Kathrein SE, Viavi Solutions Inc., ADTRAN Inc., Calix Inc., Comba Telecom Systems Holdings Ltd., Harmonic Inc., Ceragon Networks Ltd., Cambium Networks Corporation, Hengxin Technology, Casa Systems Inc., ACE Technologies Corporation, Airspan Networks Holdings Inc., PCTEL Inc., Laird Connectivity, Communication Components Inc., Bird Technologies, Advanced RF Technologies (ADRF)
Global System For Mobile Communication (GSM) Antenna Market 2024 Key Insights:
• The global system for mobile communication (GSM) antenna market size is expected to see strong growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• The Surge In High-Speed Connectivity Driving The Global System For Mobile Communication (GSM) Antenna Market
• Focus On Advanced Solutions In Global System For Mobile Communication (GSM) Antenna
• Asia-Pacific was the fastest region in the global system for mobile communication (GSM) antenna market in 2023
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