The Asia Pacific Base Station Antenna Market would witness market growth of 17.3% CAGR during the forecast period (2023-2030).
The increased developments in infrastructure for smart cities are the primary driver of the demand for additional base station antennas. Smart cities must have dependable connectivity in order for IoT devices like cameras, sensors, and other smart gadgets to operate effectively. The connectivity that these gadgets need is only possible with these antennas. Additionally, more base station antennas are required in smart cities in order to expand the availability of high-speed internet as well as other emerging technologies.
Many nations have started investing in the development of smart cities. For example, the International Trade Administration (ITA) reported that the Government of Hong Kong started investing US$90 million to begin the first phase of its Smart City development plan in 2018. The increasing demand for smart city infrastructure is driving the market.
Mobile data traffic is constantly increasing as a result of the expansion of data-intensive content and applications. In order to meet the growing demand for data, these antennas are crucial in boosting network capacity and coverage. An improved wireless communication infrastructure is required due to the explosive growth in mobile data traffic caused by the increasing use of tablets, smartphones, and other connected devices.
Japan, South Korea, China, India, and Singapore, whose economies are all rapidly expanding, make significant investments in IoT products. To increase safety and quality of life, the regulatory organizations of these nations are working very hard to establish smart city initiatives. Similarly, the Indian government's Smart Cities Mission is built on a comprehensive, long-term development strategy. The government introduced its 100 Smart Cities Initiative in 2015. To build smart cities across the country, the government is investing money and putting legislation into place to increase the number of firms in sectors like public safety, energy, and transportation. The growth of the regional market will consequently be accelerated by these variables in the coming years.
The China market dominated the Asia Pacific Base Station Antenna Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,300.7 million by 2030. The Japan market is registering a CAGR of 16.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 18% during (2023 - 2030).
Based on Offering, the market is segmented into Hardware (Omni-Directional Antenna, Sector Antenna, Multibeam & Dipole Antenna, Small Cell and Others) and Services. Based on Technology, the market is segmented into 4G/LTE, 3G and 5G. Based on Application, the market is segmented into Mobile Communication, Intelligent Transport, Military & Defense, Industrial IoT, Smart City and Others. Based on Provision, the market is segmented into Urban, Semi-Urban and Rural. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Base Station Antenna Market is Projected to reach USD 25.2 Billion by 2030, at a CAGR of 17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Procom, CommScope Holding Company, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Amphenol Corporation, Comba Telecom Systems Holding Ltd., Baylin Technologies, Inc., Ace technologies Corporation, Rosenberger Hochfrequenztechnik GmbH and PCTEL, Inc.
By Offering
By Technology
By Application
By Provision
By Country
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