The expanding usage of wireless antennas for electronic passenger car monitoring, as well as the increasing need for vehicle connectivity innovations to enhance the vehicle's guidance and tracking system and safety by linking the driver to the outside world, has benefited the wireless antenna market.

It’s being expected that by 2032, the Wireless Antenna market cap will hit US$ 7,871.0 million at a CAGR growth of about 5.3%. 

Impact of Covid-19

The pandemic epidemic has had an impact on worldwide markets. Due to lockdowns, travel restrictions, and industry shutdowns, the COVID-19 has had an impact on economies and businesses in several nations. The closure of numerous facilities and factories has disrupted worldwide supply chains, severely impacting production, supply planning, and sales revenue in the global market. Few corporations have already acknowledged anticipated delayed product deliveries and a fall in future product sales. Furthermore, worldwide travel prohibitions implemented by nations in Europe, Asia-Pacific, and North America are impacting commercial collaboration and partnership prospects.

Based on Region

The largest market share is held by North America and is likely to retain its dominance during the forecast period, owing to rising demand for electronics equipment and a huge number of telecommunications businesses in the area.

The Asia Pacific region is predicted to expand rapidly in the wireless antenna industry. It arises as a result of the increased use of operational telecommunications, defense, and surveillance activity in growing economies such as China and India. Furthermore, growing the utilization of unmanned systems and man-portable systems in Japan aids market growth. During the projection period, Europe is expected to lead the market due to the high adoption rate of wireless antennas for satellite communication. Raising investment from private businesses in automated vehicles is fuelling demand for wireless antennas in the global market.

Rising demand in worldwide economies as a result of increased usage of mobile phones and automobiles creates favorable circumstances for the wireless antenna industry.

An antenna is a type of transducer that transforms radio frequency (RF) fields to alternating current (AC) or the other way around. The antenna, like radio and television stations, functions as a radiator, transmitting waves across the air. Antennas also detect and send airborne waves to a receiver, which might be a television, radio, or, in the case of wireless communication, a router.

The increasing use of wireless antennas in connected vehicles allows users to communicate with the outside world through better features such as entertainment and navigation, which is proving to be a significant driving force in the growth of the wireless antennas market.

Another key driving factor in the wireless antenna market is the increasing use of wireless antennas in mobile devices. As the number of mobile data users grows, so will the number of wireless antennas. Furthermore, new rivals in the worldwide market for creating wireless antennas are having a significant impact on the wireless antenna industry's growth.

One more factor driving the wireless antenna market is the increasing use of satellite communication in airplanes. The military's upgrade of anti-jam GPS navigation systems is expected to enhance the industry. Rising demand for UAVs in Asia-Pacific nations, as well as rising use of smart antennas in military UAVs, are the market's upcoming opportunities.

However, the high cost of wireless antennas for telecommunications infrastructure may slow industry expansion. The high initial capital cost involved with acquiring a site and installing a telecom network is proving to be a key hurdle for most suppliers in the Wireless Antenna industry.

Innovations

• Viasat introduced a second-generation hybrid in-flight connectivity Ku-/ka-band antenna system for commercial wide-body aircraft in April 2019. The Ku-/ka-band terminal is the most capable and versatile option for Geosynchronous and Non-Geosynchronous satellite systems.
• BAE Systems Inc. and the Department of Defense (the US) were granted a contract in June 2017 to deliver antenna components for single-seat aircraft.

Wireless Antenna Market Scope

Key Segments of the Wireless Antenna Market

Type Overview, 2019-2029 (USD Billion)

• MISO
• MIMO
• SIMO
• Others

Application Overview, 2019-2029 (USD Billion)

• Wi-Fi System
• Radar System
• Connected Vehicle
• Satellite communication
• Others

Regional Overview, 2019-2029 (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

The Middle East and South Africa