The global mobile antenna market is expected to grow with a CAGR of 6.2% during the forecast period. APAC is anticipated to be the fastest growing region growing at a CAGR of 8.1%. The global mobile antenna market was valued to be $2327 million in 2015 and is expected to rise to $3540 million by 2023 . The major drivers which enhancing the market are increasing applications of antenna in smart phones and increasing demand of antenna in wireless communication devices and. The smart phone now days have become the auxiliary for personal digital assistances and laptops which are now delivering features such as intermate applications inbuild GPS system etc. With the growing demand of smartphones in emerging countries, the demand for mobile antenna is anticipated to see a dense growth during the forecast period. The antenna expressively progresses the performance of wireless systems or wireless devices. Some of the factors which have been accounted during the forecast of the market are types of mobiles antennas that are used in wireless communication and in telecom industry, deployment of numerous methods, and the mostly demanded technology.
Apart from this, there are also many of the factors who effect negatively on the market like responsive error when high data flow and deployment complexity. Furthermore, rising health concerns with radio waves, security threats in data transmission and high cost of antenna are the key factor for gowth in the future period.
The medical device connectivity market is segmented on the basis of type, technology, method and coverage. According to type segment, the market is further segmented into linear wire, aperture, array, reflector and lens. According to the coverage segment, the market is further segmented into Directional, and omnidirectional. According to technology segment, market is further divided into multibrand, fiber to the antenna and others. According to the method segment, the market is further divided into repeater, cell splitting, micro cell zone and others.
On the basis of geography, the global mobile antenna market is segmented into North America, APAC, Europe and RoW. Currently North America dominates the market with 34.50% share in 2015 and is expected to grow up to $ 1062 million by 2023 . APAC is the second largest market with 29.90% market share in 2015. Asia is also expected to grow at highest CAGR of 8.1% during 2016-2023 . North America has the largest market share of 34.5% in 2015 in mobile antenna market. Due to the rise in technology the demand for mobile antenna is rising. Increasing demand for smart phones and wireless devices are growing the demand for mobile antenna. In 2014, North America accounted for about 51.3% of the total population for smart phone users and is expected to reach up to 64% of the population by 2017. The penetration for the market is mainly contributed by US and Canada due to increase in population and continuous advancement in technology in wireless communication.
The major companies profiled in the report are Accel networks llc, Arraycomm LLC, Broadcom Corp, Cobham antenna systems, Intel Corp, Motorola solutions Inc. And Samsung electronics co., LTD. These major companies are trying to gain major competitive advantage by using strategies i.e. mergers & acquisitions, product launches etc.