Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global Base Station Antenna Market size is expected to reach $25.2 billion by 2030, rising at a market growth of 17.0% CAGR during the forecast period.
The Hardware segment acquired the maximum revenue in the Global Base Station Antenna Market by Offering in 2022; thereby, achieving a market value of $17.9 billion by 2030. A key driver of the segment's expansion is the creation of cutting-edge antenna technologies and designs to satisfy the expanding requirements of 5G networks. This includes implementing Massive Multiple Input Multiple Output (MIMO) technology, which entails the placement of antenna arrays with a significant number of elements to increase capacity, boost spectral efficiency, and enhance network performance.
The 5G segment would witness a CAGR of 41.1% during (2023 - 2030). Massive Multiple Input Multiple Output (MIMO) technology used in 5G base station antennas is a significant driver driving the segment's growth. Millimeter-wave (mmWave) base station antennas are now being designed to accommodate the higher frequencies needed in 5G networks.
The Mobile Communication segment generated highest revenue in the Global Base Station Antenna Market by Application in 2022; thereby achieving a market value of $8.6 billion by 2030. The rapid development of 5G networks and the resulting need for cutting-edge base station antennas to accommodate the higher data rates and capacity needs are major drivers of the segment's expansion. Massive MIMO antennas that are capable of handling high-frequency bands as well as enabling beamforming are becoming increasingly necessary as 5G technology continues to spread throughout the globe.
The Rural segment is registering a CAGR of 18.8% during (2023 - 2030). One notable trend is the expanding installation of base station antennas with long ranges in rural locations to enhance connectivity and coverage. Utilizing cutting-edge technology to fill the connectivity gap in remote rural areas, such as Fixed Wireless Access (FWA) as well as satellite-based solutions, is another rising trend.
The Asia Pacific market dominated the Global Base Station Antenna Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.6 billion by 2030. The Europe market is poised to grow at a CAGR of 16.5% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 16.8% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Procom, CommScope Holding Company, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Amphenol Corporation, Comba Telecom Systems Holding Ltd., Baylin Technologies, Inc., Ace technologies Corporation, Rosenberger Hochfrequenztechnik GmbH and PCTEL, Inc.
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