According to a recent market study published by Growth Market Reports, titled, “Global Microwave Antenna Market by Type, by Band Type, by Component, by Application, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1,811.4 Million in 2021 and is expected to grow at a moderate growth rate of 5.8% by the year 2030.

As per Growth Market Reports industry analyst Akash Vedpathak, “Global Microwave Antenna Market is anticipated to witness significant growth during the forecast period 2022-2030. Microwave antenna is a device that sends and receives microwave signals into space. When two or more sites need to interact, a microwave antenna serves as a transition zone between an empty space and a guiding structure or transmission line.

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Key factors that are anticipated to fuel the demand for the global Microwave Antenna market during the forecast period are increasing demand for wireless communication and rising demand for microwave antennas from various industries. Conversely, interference in the transmission signals and issues related to antenna design in medical imaging may hamper the market growth. Increasing penetration of 6G and 7G networks creates opportunities in the market.

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing Microwave Antennas are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

The primary, as well as secondary research methodology, is used for keen observation and study about the Microwave Antenna market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

COVID-19 hampered the Microwave Antenna (AUV) market. The manufacturing of the microwave antenna dropped, as people were working remotely to maintain social distancing. The declined investments reduced production activities, and operations thus resulting in a decline in the market. The potential growth of the microwave antenna market during the forecast period is attributed to the rising investments in research & development and technological advancements. Furthermore, the prevalence of 4G and 5G networks is projected to rise, due to the increasing demand by individuals during the forecast period. This, in turn, is expected to provide investment prospects in the global microwave antenna market in the coming years.

Key Takeaways from the Study

  • In terms of type, the parabolic antenna segment accounted for a considerable share of the market in 2021.
  • Based on band type, the C-band segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.
  • On the basis of technology, the Navigation System segment accounted for a considerable share of the market in 2021.
  • In terms of component, the hybrid segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.
  • Based on application, the telecommunication segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 1,811.4 Million

Market Growth Rate (from 2015 to 2030)

5.8%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By type, by band type, by component, by application

Key Companies Profiled

CommScope, Rosenberger, Radio Frequency Systems, Infinite Electronics International, Inc., Tessco, Guangdong Shenglu Telecommunication Tech. co, Ltd, Guangdong Tongyu Communication Co, Ltd., Guilin Andly Communication Technologies Co.,Ltd., Custom Microwave Inc., mWAVE Industries LLC, Southwest Antennas, Chelton Limited, Antesky Science Technology Inc., Wireless Excellence Limited, Allis Communications Co., LTD, SiChuan XiangYue Power Line Components Co., Ltd., Cobham France SAS, Gospell Digital Technology Co., Ltd., Nanhai Microwave Communications Equipment Co., Ltd., RF Engineering & Energy Resource, Antel Antenna Co., Ltd., Kavveri Telecoms, and Arkivator Telecom

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, raw material suppliers, and distributors
  • Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.