LONDON--(BUSINESS WIRE)--The global mobile communication antenna market size is expected to grow by USD 1.35 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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The increasing demand for high-speed networks is compelling network service providers to make significant investments in LTE network infrastructure. This is resulting in the proliferation of LTE base stations to provide a larger coverage area and high-speed connectivity with low latency. Network service providers are also collaborating with other market participants and government organizations to deploy LTE base stations efficiently. Thus, the increasing deployment of LTE networks across the world is expected to stimulate the demand for mobile communication antenna, thereby driving market growth during the forecast period.
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As per Technavio, the development of 5G networks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Mobile Communication Antenna Market: Development of 5G Networks
Telecom providers have been focusing on the development of 5G networks over the last few years. Many telecom operators and telecommunication equipment manufacturers across the world are collaborating to develop 5G technologies. For instance, in 2018, Huawei Technologies announced a partnership with Altice Portugal to deploy 5% network services in Portugal. The growing adoption of 5G networks is expected to trigger the demand for more advanced telecommunication equipment, thereby driving the mobile communication antenna market growth during the forecast period.
“Factors such as the increasing focus on the development of smart cities and the growing investments in MIMO technology will have a significant impact on the growth of the mobile communication antenna market value during the forecast period,” says a senior analyst at Technavio.
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Mobile Communication Antenna Market: Segmentation Analysis
This market research report segments the mobile communication antenna market by product (macrocells and small cells) and geography (APAC, North America, Europe, South America, and MEA).
The APAC region led the mobile communication antenna market share in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the large-scale penetration of smartphones in the region.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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