LONDON--(BUSINESS WIRE)--Technavio projects the global small cell power amplifier market to post a CAGR of close to 22% during the forecast period. The increase in global mobile data traffic and bandwidth requirements is one of the factors that will drive the growth of the market. Mobile data traffic is experiencing exponential growth, which is mainly driven by data-capable devices and high-bandwidth applications. This will positively impact the market during the forecast period.
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In this report, Technavio highlights the growth of smart cities in various countries as one of the key emerging trends in the global small cell power amplifier market:
Growth of smart cities in various countries
A smart city is an urban development project in which a city's infrastructure has been equipped with various information and communication technologies. The various stakeholders in a city such as local departments, information systems, libraries, schools, transportation systems, power plants, transportation systems, water supply networks, and waste management are integrated with multiple information and technology solutions. Many countries have started focusing on the development of smart cities. To designate a city as a smart city, there are several factors to be looked at, such as the adoption of smart grid technologies, use of IT to improve traffic, number of Wi-Fi points enabled, mobile application landscape, and even high-speed Internet connection used in mobile communications. Few examples of smart cities are Barcelona, London, and Singapore.
According to a senior analyst at Technavio for semiconductor equipment research, “The development of a smart city requires communication technology for efficient transfer of data. Small cells are a prospective choice that can be installed in an edge of the network format to increase the strength of the signal and provide high-speed connectivity to several users. This will drive the growth of the market during the forecast period.”
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Market segmentation and analysis through 2022
This market research report segments the global small cell power amplifier market by type (32dB and above, 29dB to 31.5dB, and up to 28.5dB) and key regions (the Americas, APAC, and EMEA).
The market was dominated by the 32dB and above segment in 2017 with a market share of over 45%, followed by the 29dB to 31.5dB segment and the up to 28.5dB segment. The 32dB and above segment is expected to exhibit a 5% increase in its market share over the forecast period.
In 2017, the Americas dominated the global small cell power amplifier market with a share of more than 42%, followed by APAC and EMEA. However, the market share of the Americas, as well as EMEA, is expected to decline over the forecast period. APAC, on the other hand, is anticipated to post an increase of more than 4% in its market share by 2022.
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