The increasing use of smart technology in commercial, residential, and other settings to improve communication is a major factor driving global antenna industry growth. Moreover, the growing use of RFID tags for security and wireless computer networks is propel the market during the forecast period. The increased emphasis on developing LCP and MPI solutions as a result of the introduction of 5G technology is expected to drive growth in the antenna market.

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Data Bridge Market Research analyses that the antenna market is expected to grow at a CAGR of 7.3% in the forecast period of 2020 to 2027 and is expected to reach USD 34,786.62 million by 2027.

Increase in the demand for faster data transmission is expected to drive the market's growth rate

The growing demand for faster data transfer in modern communication systems with optimal evolving data, high-speed downloading, and online browsing has compelled enterprises to improve wireless transmission efficiency, benefiting the antenna market. The antenna market is expected to expand due to the increasing use of antennas in consumer electronics such as smartphones, laptops, wearables, tablets, and other devices.

Report Scope and Market Segmentation

Segment Analysis:

Global antenna market is segmented into five notable segments which are based on the basis of antenna type, technology, frequency range, application and end use sector. 

• On the basis of antenna type, the global antenna market is segmented into internal and external. In 2020, external segment is expected to dominate the global antenna market with 65.58%market share due to these antennas are offering the greater coverage for urban as well as for rural regions.   
• On the basis of frequency range, the global antenna market is segmented into high, very high and ultra-high. In 2020, ultra-high segment is expected to dominate the global antenna market with 51.21% market share because it provides feasibility of receiving and transferring signals with wide coverage and safety measures for telecom sector.
• On the basis of technology, the global antenna market is segmented into radiation MIMO (multiple input multiple output), MISO (multiple input single output), SIMO (single input multiple output) and SISO (single-input single-output). In 2020, MIMO (multiple input multiple output) segment is expected to dominate the global antenna market with 55.58%market share because it is majorly adopted by the telecommunication industry and others owing to improved design size and other factors.  
• On the basis of application, the global antenna market is segmented into Wi-Fi systems, cellular systems, wimax, radar and others.

In 2020, Cellular Systems segment is expected to dominate the global antenna market

Cellular Systems segment is expected to dominate the global antenna market with 39.78%market share because it requires high speed internet service provider antenna with advanced connectivity solution.

• On the basis of end use sector, the global antenna market is segmented into automotive, 5G, IoT, health/medical, networking/communications, consumer electronics, military/defense, industrial and others.

In 2020, networking/communications segment is expected to dominate the global antenna market

The networking/communications segment is expected to dominate the global antenna market with a 33.67% market share due to providing high speed data transfer network coverage for the customers with enhanced reliability.    

Major Players

Data Bridge Market Research recognizes the following companies as the major antenna market players in antenna market are TE Connectivity (Switzerland), Ficosa Internacional SA (Spain), Abracon (U.S.), DENSO CORPORATION (Japan), Pulse Electronics (A subsidiary of YAGEO Corp.) (U.S.), Laird Connectivity (U.S.), Antenova Ltd. (U.K.), Johanson Technology (U.S.), Linx Technologies (U.S.), Tallysman (Canada), Inventek Systems (U.S.), PCTEL (U.S.), WISI Communications GmbH & Co. KG (Germany), Yokowo co., ltd. (Japan), AVX Antenna, Inc. (U.S.), Continental AG (Germany), Calearo Antenne SPA (Italy),  Huf Hülsbeck & Fürst GmbH & Co. KG (Germany), HARADA INDUSTRY CO., LTD (Japan), HARMAN International (A Subsidiary of SAMSUNG ELECTRONICS CO., LTD.) (U.S.), INPAQ Technology Co., Ltd (Taiwan), HELLA GmbH & Co. KGaA (Japan), Airgain, Inc. (U.S.)

Market Development

• In March 2019, PulseLarsen Electronics introduced three new unique antenna systems to the market. New antennas for indoor applications have been introduced, including the clear series of indoor antennas, public safety antennas, and blade and stick antennas. As a result, the organization was able to improve its consumer offering.
• In March 2022, Doosan Corporation, in collaboration with Movandi Corporation, is expanding into the 5G antenna module market. It has completed an initial order from FRTek, a manufacturer of telecommunication smart repeaters, for 5G mmWave 28 GHz beamforming antenna modules. Movandi's BeamX beam forming antenna technology-based 5G wireless repeaters rely on the modules. They offer integrated solutions that include signal transmission, reception, and frequency conversion.
• In September 2021, Corning collaborated with AT&T. The two companies will work together to increase investments in fibre infrastructure, expand broadband networks in the United States, and accelerate 5G deployment. As part of AT&T's long-term commitment to network expansion, Corning will invest USD 150 million in optical cable manufacturing in North Carolina.

Regional Analysis

Geographically, the countries covered in the Antenna market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

As per Data Bridge Market Research analysis:

North America is the dominant region in antenna market during the forecast period 2020 - 2027

In 2019, North America dominated the Antenna market increasing use of smart devices, such as smartphones and tablets, is driving the demand for antennas.

Asia-Pacific is estimated to be the fastest-growing region in antenna market the forecast period 2020 - 2027

Asia-Pacific is expected to grow during the forecast period due to the rising popularity of the Internet of Things (IoT) and the growing use of drones for commercial and military applications.

COVID-19 Impact Analysis

The COVID-19 had a favorable effect on the antenna market. As the number of countries imposing migration restrictions grows, people are spending more time at home for work and leisure, generating massive amounts of data. Telecom companies are focusing on improving network reliability and investing in 5G.

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