"We Envision Growth Strategies Most Suited
to Your Business"
The global base station antenna market size is anticipated to surpass from USD 8.21 billion in 2022 to USD 23.98 billion by 2029. The rising footfall of 5G infrastructure across advanced and emerging economies will act as a catalyst in spurring industry growth. Antennas are observing stellar demand across precision agriculture, connected cars, smart cities, and military & defense. End-users are expected to bank on base station antennas to provide outstanding connectivity to boost stability in mobile communication.
According to the latest research report by Fortune Business Insights™ titled, “Base Station Antenna Market Size, Share & COVID-19 Impact Analysis, By Type (Omni Antenna, Sector Antenna, Dipole Antenna, Multibeam Antenna, Small Cell, Others), By Provision/Sector (Semi-urban, Urban, Rural), By Technology (3G, 4G/LTE, and 5G), By Application (Mobile Communication, Intelligent Transport, Industrial IoT, Smart City, Military & Defense, Others), and Regional Forecast, 2022-2029,” the market stood at USD 7.24 billion in 2021. It is expected to observe 16.5% CAGR during the forecast period.
Unavailability of Equipment Due to COVID-19 Pandemic Deterred Growth Prospect
The prevalence of the COVID-19 pandemic wracked havoc in the emerging and advanced economies, with the telecommunication sector witnessing major disruption. Antenna manufacturing sectors grappled with the outbreak. To illustrate, net sales of CommScope Holding Company dipped by USD 70 million in 2020, largely due to supply chain disruptions. The potential unavailability of equipment and components needed for antennas did not bode well for the business outlook. Manufacturing delay could further challenge leading companies gearing to expand their portfolios.
Baylin Technologies Received Approval for Two Base Station Antennas to Deploy 5G Macro
Major players are slated to boost their portfolios to expand their penetration across untapped areas. For instance, in April 2021, Baylin Technologies Inc. announced the U.S. Tier1 carrier gave a green signal to its two base station antennas to deploy 5G macro. Besides, in May 2021, PCTEL Inc. acquired Smarteq Wireless, a developer of external antennas, to bolster the footfall in the Europe market. Leading companies have upped investments in new advanced antennas to keep up with the demand for 5G infrastructure. Robust strategies, including investments in R&D activities are likely to foster the base station antenna market share.
To get a detailed report summary and research scope of this market, click here:
Expansion of 5G Infrastructure to Drive Innovation
The trend for 5G networks for low latency, high speed, and maximum coverage networks has fueled the presence of 5G technology. Major economies, such as the U.S., the U.K., South Korea, and China, have spurred investments in 5G technology to boost quality communication services. The robust implementation of the next-gen network will fuel the demand for antennas. To illustrate, in March 2021, CommScope Inc. came up with new antennas to bolster and expedite the 5G network rollout. Moreover, the expansion of multi-antennas will also provide impetus to the base station antenna market growth. Soaring demand for 5G technology, along with the implementation of smart antennas, will bode well for the industry outlook. However, the potential health impacts of RF radiation could impede the industry growth.
Stakeholders Prioritize 5G Rollouts to Tap into Markets
Leading companies are poised to invest in R&D activities, product launches, technological advancements, and mergers & acquisitions to boost their presence across untapped areas. Furthermore, leading companies could infuse funds into innovations to gain a competitive edge in the regional market.
Key Industry Development
List of the Companies Profiled in the Global Market
Further Report Findings
Table of Segmentation
Value (USD billion)
By Type, Provision/Sector, Technology, Application, and Geography