Global Market for Antenna to Reach $19.9 Billion in 2019
(PRWEB) December 26, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report on antennas for systems and devices, the global antenna market reached $14.3 billion in 2013 and is expected to reach $15.1 billion in 2014. This market is anticipated to grow to $19.9 billion in 2019, with a compound annual growth rate (CAGR) of 5.7% from 2014 to 2019.
Sizeable erosion of average selling prices is one of the reasons for its faster growth. However, it is the veritable surge in antenna applications that is playing a greater role in this significant growth across the global market. This surge is orchestrated by the increased need to connect disparate devices, for which wireless communications provide quick and cost-effective solutions. Due to this, wireless sensors are becoming increasingly mainstream and have been instrumental in advancing usage diversity.
Long-term evolution (LTE) remains another major area of growth with the technology leading the march of 4G technologies. BCC Research also forecasts that high-bandwidth applications will have a significant role to play, especially in the improvement of the smart antenna market.
“The state of the antenna market depends largely on the health of its respective end-use application markets,” says BCC Research analyst Shalini Ramamurthy. “Antennas are relatively consistent in their functioning with simple operating principles. Consequently, the dynamics of the end-use application markets are the deciding factors in the prosperity of antenna sales.”
Antennas for Systems and Devices: Technologies and Global Markets highlights the role played by innovation through a comprehensive patent analysis and brings out the close correlation between OEMs employing antennas and antenna research and technology. It also quantifies the market for smart antennas and places it in the context of the role played by wireless sensors in shaping the antenna market.
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About BCC Research
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