5G Antenna Market is Expected to Account for a Market Value of $7.0 Billion by the End of 2025
5G base station operators, IoT & M2M devices, and smartphones. The rising demand for smartphones in the market is directly accelerating the growth of the 5G antennas market.
By: BIS Research
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The 5G technology has been acting as a boon for various applications, such as 5G smartphones, IoT & M2M devices, and connected vehicles. The key hardware requirement for these 5G applications is 5G supporting antenna systems. The advanced antenna systems (AAS) enable the concept of remote radio head (RRH) by integrating the antenna and meeting 5G challenges of enhanced capacities by using localized beams and space diversity via massive multiple-input multiple-output (mMIMO) technology. These mMIMO antennas are used in 5G base stations, connected vehicles, IoT devices, and smartphones.
In the global 5G antennas market, China accounted for the most significant market share in 2019. China is the leading country, driven by its vast production capacity, excessive industrial base, and government's support. China has a significant hub of equipment manufacturers developing RF devices for 5G applications. Various global players import 5G antennas and 5G infrastructure equipment from the country, leveraging its vast manufacturing base and price feasibility.
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The 5G antenna market's competitive landscape consists of different strategies undertaken by key players across the 5G infrastructure and end-use industry to gain traction and market share presence. Some of the most prominent players of the ecosystem are Samsung Electronics Co., Ltd., Nokia Corporation, CommScope Holdings Company, Inc., and Ericsson. For instance, in 2020, Nokia Corporation expanded its 5G offering with the AirScale product portfolio to fulfill the evolving needs of 5G networks in the ecosystem.