The global Outdoor Antenna Market is estimated to be valued at US$ 3.51 Bn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Outdoor antennas are used to receive and transmit radio frequency signals from television, radio and other wireless devices. Outdoor antennas improve signal reception, enhance picture and sound quality for TVs and provide better connectivity for devices like smartphones, tablets and computers.
Market key trends:
Growth in adoption of Internet of Things (IoT) devices has increased the demand for reliable network connectivity driving the adoption of outdoor antennas. There has been a significant rise in deployment of LTE and 5G networks which require advanced outdoor antennas for seamless connectivity and coverage. Increasing investments by telecom operators in network infrastructure also contribute to the growing demand for durable and high performance outdoor antennas worldwide. Further, rapid urbanization in developing nations has fueled the installation of outdoor antennas for cellular and broadcast applications.
Market Key Trends:
The Outdoor antenna market has been witnessing rising demand for higher bandwidth and connectivity requirements. There has been a growing need for enhanced connectivity and coverage for applications ranging from cellular networks to broadband and Wi-Fi networks. This has fueled the demand for high-performance, durable and cost-effective outdoor antennas. Furthermore, the increasing investments by telecom operators as well as governments across the world to expand and enhance network infrastructure is boosting the outdoor antenna market.
SWOT Analysis
Strengths: CommScope, Comba Telecom and Laird Connectivity areglobal leaders with strong R&D capabilities and portfolios.
Weaknesses: Heavy reliance on telecom service providers’ capex cycles makes the market vulnerable to economic cycles.
Opportunities: Growing investments in 5G networks and smart city projects present opportunities for innovative antenna solutions.
Threats: Stiff competition from local players and rising availability of surrogate products impact margins.
Key Takeaways
The global Outdoor Antenna Market Growth is expected to witness high growth, exhibiting CAGR of 9.8% over the forecast period, due to increasing investments in telecom infrastructure and 5G deployments. The market size for 2023 is estimated at US$ 3.51 Bn.
Regional analysis: Asia Pacific dominates the outdoor antenna market currently, owing to fast network expansions by mobile operators in countries such as China and India. North America and Europe follow Asia Pacific in terms of market share.
Key players operating in the outdoor antenna market are CommScope, Comba Telecom, Laird Connectivity, Radio Frequency Systems, Rosenberger, Amphenol Procom, Mobi Antenna Technologies, Tongyu Communication, Shenglu Telecommunication,Cobham Antenna Systems. CommScope and Comba Telecom are market leaders due to their extensive portfolios and global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it