Transmitting Antennas Market:
Executive Summary
The global transmitting antennas market was worth $193.7 million in 2019. It is expected to decline at a compound annual growth rate (CAGR) of -1.51% and reach $182.3 million by 2023.
The transmitting antennas market consists of sales of transmitting antennas and related services that allow wireless communication between a group of devices and their related networks. Antennas transform electrical energy from the transmitter into electromagnetic energy and radiate into the surrounding atmosphere.
The transmitting antennas market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, North America was the largest region in the transmitting antennas market. Asia-Pacific is expected to be the fastest growing region in the transmitting antennas market in the forecast period.
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The transmitting antennas market covered in this report is segmented by type into smart antenna, mini-strip antenna, others. It is also segmented by end-user industry into aerospace and defense, consumer electronics, healthcare, telecommunication, others.
In 2019, Antennas Direct, Inc., a USA based company acquired Mohu indoor antennas for an undisclosed amount. Acquisition of Mohu was aimed to strengthen Antennas Direct, Inc. in delivering TV antennas to the Over-The-Air market and providing customers with a range of cord-cutting options. Mohu, aa USA based company specialized in paper-thin Leaf and Leaf Ultimate Indoor Antennas for high definition television channels.
The demand for low-cost antennas acts as a major restraint for the transmitting antennas market. Customers demand small size, low cost and high efficient antennas, which is a technical restraint for the manufacturers. Size and cost of antennas are not interdependent and the size of the antenna affects the efficiency in the output. The demand for low-cost antennas burdens the companies to manufacture antennas with high efficiency for the same cost. The increasing demand for low-cost transmitting antennas hampers the growth of the market.
Companies are manufacturing military antennas to cater to rising demand for a military antenna in military services. Military antennas are capable of providing better surveillance, accurate tracking, security concerns in the use of military aircraft, naval vessels, armored vehicles, aircraft, and others. For instance, TACO, a Canada based company, manufactures muldipol military antennas, which specializes in ground-air-ground, air traffic control and associated vehicular and base communications applications. Requirement of enhanced features in a military antenna is gaining traction, contributing to the growth of the market.
Rising investment in autonomous vehicles increases the demand for antennas, driving the market. Autonomous vehicles are equipped with different sensing technologies such as cameras, light detection and ranging (LIDAR), laser-based sensors, global positioning systems, and radar transceivers to sense complex environments. For instance, in February 2019, Amazon invested $700 million in Rivian, an electric vehicle manufacturer and $530 million in Aurora, an autonomous driving startup. Increased investments in autonomous vehicles fuels the growth of the transmitting antennas market.
Major players in the transmitting antennas market are Accel Networks, Honeywell International, Intel Corporation, Alcatel-Lucent International Holdings, Ruckus Wireless, Airgo Networks (Acquired by Qualcomm), Broadcom Corp, Linx Technologies, Samsung Electronics, Motorola.
Continuous…
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