“Global Base Station Antenna Market, by Antenna Type (Single-Band, Multiband), by Application (2G, 3G, Other applications – 4G & 5G), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the global base station antenna market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $9,053.6 Mn, and is estimated to increase significantly over the latter part of the forecast period.
Base station antenna are connected to the base station mounted on towers to provide cellular connectivity to users. These antennas are used to cover a single frequency band or multiple frequency bands.
The increasing number of smartphone and mobile phone users on account of booming population figures across the world is a primary factor that is anticipated to continue to fuel the revenue growth of the global base station antenna market over the next 10 years. Conjointly, the steady increase in disposable incomes of individuals on a global-scale, in turn, is slated to have a profound influence on their respective spending powers. This is another crucial factor that is expected to significant impact on new opportunities for market growth in the near future. Additionally, owing to the numerous innovations in cellular connectivity, as well as the introduction of advanced cellular frequencies and bands such as 4G & 5G by key industry players, are major factors that are not only allowing existing industry players to increase their respective market footprints, but, is also enabling new market entrants to capitalize on new areas for potential market growth, especially in various emerging economies across the globe, in the foreseeable future. The aforementioned elements are some of the major factors that are anticipated to have a significant impact on the revenue growth of the global base station antenna market in the coming years, and in doing so, are expected to aid in edging the projected revenue of this global industry to USD $15,339.8 Mn by 2030, at a CAGR of 14.4%.
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