Global 5G Antenna Market Size, Share, Opportunities, And Trends By Type (Switched Multi-beam Antenna, Adaptive Array Antenna), By Technology (SIMO, MISO, MIMO), By Application (Mobile Phones, Connected Vehicles, Industry Automation, IoT, Others), And By Geography - Forecasts From 2024 To 2029

The 5G antenna market is anticipated to grow at a CAGR of 36.64% during the forecast period.

GROWTH DRIVERS

• Booming demand for high-speed bandwidth and wireless connection is driving the market expansion.

The ongoing shift towards modern technological concepts accelerated the demand for enhanced communication networks thereby providing a way forward with 5G penetration. Investments are being made in wireless communication and high-speed internet to improve the overall layout, especially in modern economies. According to Ericsson’s “Mobility Report,” the 5G subscription is estimated to reach up to 5.9 billion by 2029 thereby covering 85% of the global population. Moreover, the same source stated that in 2023, the new 5G subscription was estimated at 610 million which represented a 63% growth over 2022’s subscription figure.

Governments of countries are initiating policies to bolster 5G expansion which is further expected to drive the demand of 5G antennas for bolstering network coverage. According to the April 2023 press release, the UK government under its “Wireless Infrastructure Strategy” announced an investment of £8 million for delivering high-speed broadband to 35,000 remote areas in the UK. Under the scheme, additional investments of £40 million were also initiated to bolster 5G adoption by public services and businesses thereby improving UK’s overall digital connectivity.

• Growing sales of connected vehicles have provided new growth prospects.

Technological innovations are finding their way into consumer goods such as automotive and with the significant boom in high-speed internet adoption, the desire to integrate such networks with modern vehicles has provided new growth opportunities for 5G technology thereby bolstering the demand for components such as antennas and routers.

Smart mobility is equipped with features such as traffic monitoring, advanced driver assistance system, and vehicle tracking which has accelerated the demand for connected vehicles leading to an upward trajectory in their sales. For instance, the 5G Automotive Association stated, that in Q2 2022, with a sales volume of 250 million, the connected vehicles sales surpassed the figure presented by non-connected vehicles. Likewise, as per the white paper issued by the Automotive Edge Computing Consortium, in October 2023, connected vehicles are the way forward for green mobility, and by 2030, the connected vehicles strength will experience significant growth.

EMERGING OPPORTUNITIES IN THE GLOBAL 5G ANTENNA MARKET

• MOBILE PHONES AND IOT

Based on application, the 5G antenna market is analyzed into mobile phones, connected vehicles, industry automation, IoT, and others. The mobile phone is poised for the quickest growth and will constitute a considerable market share fuelled by the significant boom in smartphone adoption followed by rapid urbanization and improvement in living standards.

According to the “5G Market Snapshot” presented by the Global Mobile Suppliers Association in May 2023, there were 524 operators across 156 countries who were investing in 5G and the total country strength included 97 countries where more than one 3GPP compliant 5G services were launched. Hence, the same sources also stated that by the end of March 2023, there were 1,896 announced 5G devices which signified a 50% growth over 2022’s figure of 1,257.  

The innovative design of 5G antennas enables them to operate at higher frequencies and supports beamforming & MIMO technology which bolsters network coverage and capacity. The growing 5G demand has led to various launches and collaborations associated with 5G antennas. For instance,

• In July 2024, Huawei deployed its “Green Antennas” in Northwestern China which enabled the operators to expand their 5G coverage with additional benefits of 20% energy savings. The deployment which supports 700 MHz to 1800 MHz frequency thereby saving up to 7,500 kWh annual electricity would further support China’s “Carbon Peak and Carbon Neutrality” strategy.
• In October 2023, Panorama Antennas introduced its new range of “BAT[G]M4-6-60” antennas which supports 4G/5G connectivity in discrete packages with additional features of dual-band 2.4/5.0-7.2GHz WiFi 6E, and GPS/GNSS. The antenna establishes a robust communication link that ensures high data rates are provided even in challenging network areas. The IP55-rated product showcases an innovative design that enables it to be mounted on the vehicle’s parcel shelf and on or under the dashboard.

Likewise, the IoT application is anticipated to grow at a constant rate furled by its growing applicability in healthcare, IT & telecommunication, education, manufacturing, and government sectors. The connected vehicle will also grow steadily owing to the growing transition towards smart mobility.

GEOGRAPHICAL PRESENCE

The global 5G antenna market consists of some major countries undertaking steps to make their infrastructure robust. Americas is expected to witness a high CAGR during the forecasted period. In addition, some major countries include the USA, Japan, South Korea, China, the United Kingdom, and Germany. The nations have undertaken various initiatives and have been complementing the overall market growth. For instance,

• In April 2024, Consort Digital entered into a distributor partnership with Panorama Digital where the latter would assist the former in expanding its narrowband and broadband private network business in India. The collaboration would also enable Consort Digital to enhance its connectivity, performance, and network reliability for Indian organizations.
• In February 2024, Vodafone Romania awarded a six-year contract to Ericsson where the former would use the latter’s 5G RAN  products inclusive of its antenna systems to enhance the 5G access to enterprises and consumers. The agreement forms a part of Vodafone’s multi-year investment infrastructure plan for network development.

MAJOR PLAYERS IN THE MARKET

Some of the leading players in the market include Ericsson, Mitsubishi Electric Corporation, Huawei Technologies, and Qualcomm Technologies, among others. The product offerings of the major corporation include the following:

Segmentation:

• By Type
  • Switched Multi-Beam Antenna
  • Adaptive Array Antenna
• By Technology
  • SIMO
  • MISO
  • MIMO
• By Application
  • Mobile Phones
  • Connected Vehicles
  • Industry Automation
  • IoT
  • Others
• By Geography
  • Americas
    • United States
    • Others
  • Europe, Middle East, and Africa
    • Germany
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others