Smart Antennas Driving Growth in Global Market for Antennas, Reports BCC Research
Wellesley, Mass, Jan. 25, 2017 (GLOBE NEWSWIRE) — Smart antennas continue to provide the bulk of the technological impetus that will leave a lasting impact on the antenna industry.
BCC Research reveals in its new report that as the industry waits for 5G, antenna vendors are busy perfecting the adoption of smart antenna constructs across power values, operating distances and frequency ranges.
The global antenna market should grow from $16.8 billion in 2016 to $22.5 billion by 2021, demonstrating a five-year compound annual growth rate (CAGR) of 6.0%. The smart antenna, which dominates the market, should reach $4.7 billion and $7.6 billion in 2016 and 2021, respectively, reflecting a five-year CAGR of 10.1%. The patch, miniature, embedded and other low power market is expected to increase from nearly $3.8 billion in 2016 to $4.2 billion by 2021, reflecting a five-year CAGR of 2.1%.
The state of the antenna market depends largely on the health of its respective end application markets. Antennas are relatively consistent in their functioning with simple operating principles. Consequently, the dynamics of the end application markets are the deciding factors in the growth of antenna sales. As always, predictably, shipments will grow faster than dollar sales. The faster growth can be attributed largely to sizeable erosion in average selling prices across the board, in part due to the IoT.
The firming of prices will be facilitated by the industry’s increasing awareness to the impact of the Internet of Things (IoT), and smart antennas. Indeed, the industry is witnessing a rush of sorts among antenna vendors to brand themselves as IoT-enablers wherever feasible.
On the macroeconomic front, the Indian economy has registered impressive GDP growth. China is poised to stabilize at a marginally lower growth rate (between 6% and 7%) than what was witnessed over the last decade. A marked dip is seen in the performance of the U.S. economy, and a clearer picture is likely to emerge after the U.S. Presidential elections.
“Smart antennas will account for more than a third of the overall antenna revenues by the year 2021. The coronation of smart antennas as the pre-eminent antenna category is a reaffirmation of the user thirst for reliable, high data transfer wireless communication,” says BCC Research analyst Shalini Ramamurthy. “The two largest end application markets will be for the wireless telecommunications infrastructure and for defense and surveillance.”
Antennas for Systems and Devices: Technologies and Global Markets (IFT073D) analyzes antenna applications in different sectors, their benefits and limitations, and their prospects in qualitative and quantitative terms. Global market drivers and trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021 also are provided.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit
bccresearch.com. Follow BCC Research on Twitter at
CONTACT: Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
Source: Av News Feed