Report ID: UCMIG45H2050
Report ID:
UCMIG45H2050 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for base station antennas witnessed substantial growth, with a valuation of USD 8.19 billion in 2022 and a projected increase to USD 28.15 billion by 2030, indicating a robust compound annual growth rate (CAGR) of 17.0% during the forecast period from 2023. This growth is primarily attributed to the extensive utilization of base station antennas (BST) in 4G/LTE and 5G communication infrastructure. The increasing adoption of 5G infrastructure worldwide, aimed at improving network service performance and user satisfaction, is expected to drive the demand for base station antennas.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Communications Equipment by segment aggregation, the contribution of the Communications Equipment in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45H2050