Transmitting Antennas Market
The Business Research Company recently released a comprehensive report on the Global Transmitting Antennas Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
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According to The Business Research Company’s, The transmitting antennas market size has grown rapidly in recent years. It will grow from $22.76 billion in 2023 to $25.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to television and radio broadcasting, telecommunications infrastructure, military and defense applications, satellite communications, wi-fi and wireless networking.
The transmitting antennas market size is expected to see rapid growth in the next few years. It will grow to $39.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to 5g deployment, iot and smart devices, connected vehicles, aerospace and satellite communication. Major trends in the forecast period include beamforming technology, iot connectivity, smart antennas, 5g mmwave antennas.
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Market Drivers and Trends:
Rising investment in autonomous vehicles increases the demand for antennas, driving the market. Autonomous vehicles are equipped with different sensing technologies such as cameras, light detection and ranging (LIDAR), laser-based sensors, global positioning systems, and radar transceivers to sense complex environments. For instance, in June 2021, General Motors Co., a US-based manufacturer and distributor of automotive parts, announced that it would increase its investments in electric and autonomous vehicles from 2020 to 2025 to $35 billion, a 75 percent increase from its initial commitment made public before the pandemic. Increased investments in autonomous vehicles fuel the transmitting antennas market growth.
Companies are manufacturing military antennas to cater to the rising demand for military antennas in military services. Military antennas are capable of providing better surveillance, accurate tracking, and security concerns in the use of military aircraft, naval vessels, armored vehicles, aircraft, and others. For instance, TACo., a Canada-based company, manufactures multiple military antennas, which specializes in ground-air-ground, air traffic control, and associated vehicular and base communications applications. The requirement of enhanced features in a military antenna is gaining traction, contributing to the growth of the market.
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Major Key Players of the Market:
Accel Networks, Honeywell International, Intel Corporation, Alcatel-Lucent International Holdings, Ruckus Wireles, Airgo Networks (Acquired by Qualcomm), Broadcom Corp, Linx Technologies, Samsung Electronics, Motorola, ArrayComm, Qualcomm, Comba Telecom, KATHREIN-Werke, Laird, Advanced RF Technologies (ADRF), Cobham Wireless, CommScope, Bird Technologies, Ericsson, Huawei Technologies, ZTE, Antennas Direct, VOXX Accessories Corp, Jasco Products (GE), Best Buy, Winegard, Mohu, Polaroid, Channel Master, Marathon
Transmitting Antennas Market 2024 Key Insights:
• The transmitting antennas market size is expected to see rapid growth in the next few years. It will grow to $39.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
• Autonomous Vehicle Investments Boosting Demand For Transmitting Antennas
• Meeting The Growing Demand For Military Antennas With Advanced Surveillance And Security Features
• North America was the largest region in the transmitting antennas market in 2023
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This release was published on openPR.
