Global Mobile Communication Antenna Market 2019-2023
About this market
Development of 5G networks to drive growth in the market. There has been an increasing focus on the development of 5G technology across the globe. 5G networks are an incumbent technology that supports network speeds, which are over 1,000 times faster than the current 4G network. Technavio’s analysts have predicted that the mobile communication antenna market will register a CAGR of over 6% by 2023.
Increasing demand for smart devices
The growth of the global mobile communication antenna market is driven by the increasing adoption of smart devices such as smartphones, smart locks, smart appliances, and other IoT devices.
Impact of macroeconomic factors on telecommunication equipment
The global mobile telecommunication antenna market can expect challenges in the market growth due to the various macroeconomic factors such as government tariffs, the imposition of import duties, and trade restrictions between different countries.
For the detailed list of factors that will drive and challenge the growth of the mobile communication antenna market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including CommScope and Huawei Technologies the competitive environment is quite intense. Factors such as the rising demand for smart devices and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to mobile communication antenna manufactures. Comba Telecom Systems Holdings, CommScope, Huawei Technologies, KATHREIN, and Telefonaktiebolaget LM Ericsson are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Mobile Communication Antenna Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of 5G technology.”
According to the report, one of the major drivers for this market is the increasing demand for smart devices.
Further, the report states that one of the major factors hindering the growth of this market is the impact of macroeconomic factors on telecommunication equipment.
Comba Telecom Systems Holdings
Telefonaktiebolaget LM Ericsson
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