mmWave Antenna Module Market Outlook - 2030
mmWave antenna are types of devices, which are used to provide dependable and interference-free communications, high-performance than other low-profile antennas. For portable 5G applications, the millimeter-wave frequency band is a pre-standardization favorite. Attributed to the need for increased data rates, millimeter-wave antennas are popular these days.
Today, millimeter-wave (mm-wave) antennas are the most common backhaul solution in telecommunication infrastructure, especially for cellular wireless access in dense urban areas where high capacity and small size are important. They are helpful in improving signal quality, expanded coverage, and high-speed network connections and to boost the performance of 5G networks. All these factors are assisting the growth of mmWave antenna module market globally.
The global mmWave antenna module market is segmented on the basis of type, component, product, frequency band, application, and region. Based on type, the market is divided into household and commercial. In terms of component, the market is categorized into antennas & transceiver components, communication & networking components, imaging components, frequency sources & related components, sensors & controls, interface components, rf & radio components, power & battery components, and others.
On the basis of product, the market is divided into telecommunication equipment, scanning systems, radar and satellite communication systems, and others. On the basis of frequency band, the market is divided into 24–57 GHz, 57–95 GHz, and 95–300 GHz. In terms of application, the market is categorized into cell phone, communication, consumer and commercial, healthcare, industrial, automotive & transportation, and imaging. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global mmWave antenna module industry include Fujikura, Qualcomm, Texas Instruments, Murata Manufacturing, Keysight, Universal Scientific Industrial, Siklu Communication, Axxcss Wireless Solutions, NEC Corporation, Smiths Group. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 Impact Analysis
The COVID-19 pandemic has slowed the growth of several sectors, including automobiles, oil and gas, and others. The constant rise in the number of virus-infected people has prompted governments to impose restrictions on people and commercial traffic. Millimeter wave technology products have witnessed significant use in the telecom sector, owing to rising trends in 5G infrastructure.
COVID-19 will cause a delay in the delivery of 5G, which could have an impact on revenue and capex predictions. 3GPP, the global consortium creating 5G technology, announced a three-month delay in the completion of Releases 16 and 17 of the 5G specifications in March 2020, where Release 16's of 5G specification third stage was finished in July 2020. All these factors are expected to create lucrative mmWave antenna module market opportunity globally.
Top Impacting Factors
Millimeter waves open up a wider range of frequencies. However, as only a few electrical components could create or receive millimeter waves until recently, the spectrum went underused. Creating and receiving millimeter waves are difficult, but the transporting media connected with these high frequencies is even more difficult.
Atmospheric and free-space route loss and low foliage penetration are the other key issues. The same physics govern millimeter waves as they do to the rest of the radio spectrum. The major restraint of mmWave antenna module market is that they are incapable of bouncing off actual objects. Tree branches and walls might interfere with and absorb the signal, causing it to be halted.
Millimeter waves are much more costly than other regularly utilized frequencies. This makes technology nearly unattainable to smaller businesses without the necessary funds. Currently, mobile network operators are concentrating their efforts on developing 5G infrastructure that is compatible with millimeter waves.
New Product Launches to Flourish the Market
In February 2020, Gapwaves, a leading supplier of active antenna solutions, launched new 5G mmWave Phased Array Antenna. Its innovative phased array antenna with +56 dBm EIRP addresses the 5G mmWave problems with best-in-class performance and market-leading power efficiency, extending the range of 5G mmWave systems, increasing power efficiency, boosting uplink performance, including low-loss waveguide filters, and enhancing cost effectiveness and scalability for high-volume production.
In May 2021, Taoglas, the world's leading provider of advanced antenna designs and next-generation IoT solutions, announced the launch of a new line of high-frequency 5G new radio (NR) millimeter wave spectrum (mmWave) cable assemblies, connectors, and adaptors, which will complement the company's industry-leading portfolio of 5G new radio (NR) antennas for both sub 6GHz and mmWave frequencies.
These assemblies, which come complete with 2.92(M) connectors, are appropriate for applications requiring frequencies of up to 26GHz or 40GHz. Both kinds of cables come in lengths ranging from 152mm (6 inches) to 915mm (36 inches).
Surge in Usage in Telecommunication Sector
Switches and routers, which are critical in the telecommunications industry, are examples of communication and networking components. The search for a feasible and low-cost solution for high-data-rate applications, such as home and personal area networking, vehicle radar, and high-bandwidth communications, has boosted the mmWave antenna module market. Indoor and outdoor telecommunications equipment, including small cell and macro-cell equipment frequently use millimeter wave components.
Key Benefits of the Report
- This study presents the analytical depiction of the mmWave antenna module market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mmWave antenna module market trends.
- The current market is quantitatively analyzed to highlight mmWave antenna module market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed mmWave antenna module market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the mmWave Antenna Module Market Report
- Which are the leading players active in the mmWave antenna module market size?
- What are the detailed impacts of COVID-19 on the mmWave antenna module market share?
- What current trends will influence the mmWave antenna module market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
mmWave Antenna Module Market Report Highlights
By Frequency Band
Key Market Players
Siklu Communication, Texas Instruments, Qualcomm, Smiths Group, Axxcss Wireless Solutions, Universal Scientific Industrial, Fujikura, Murata Manufacturing, NEC Corporation, Keysight