The global wireless antenna market revenue is expected to expand at a significant CAGR over the forecast period. Wireless antenna is used for sending and receiving signals in the form of Radio Frequency (RF). It converts Radio frequency into electromagnetic waves for communication and vice-versa. Wireless antennas are used for aviation, smartphones, radar systems, vehicle navigation and Wi-Fi network. Wireless antenna works as fast as the cable network. Wireless antennas are cost effective and flexible than other conventional antennas.
The major factor driving growth of the wireless antenna market is vehicle connectivity. It connects the driver to the outside world and also improves navigation system. In addition, increasing numbers of LET wireless networks owing to the rising number of mobile network users and demand for 3G and 4G network. Furthermore, electronic control for autonomous vehicle by using wireless antenna is also anticipated to drive the growth of the global market in the near future. However, High costing of wireless antennas used for telecom network can hamper the growth of the global wireless antenna market in the near future.
The global wireless antenna market report has been segmented on the basis of product range, product type, application, and region. On the basis of product type, the market is segmented into ultra-high frequency (UHF) and very high frequency (VHF). On the basis of product type, the market is segmented into MISO (Multiple Input Single Output), MIMO (Multiple Input Multiple Output), SIMO (Single Input Multiple output), and others. On the basis of application, the market is segmented into Wi-Fi system, communication, automotive, aerospace and defense.
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is contributing a leading share in terms of revenue and expected to dominate the same over the forecast period, owing to increasing use of wireless technology in the region. The Asia-pacific market is also anticipated to register a significant growth to the global market over the forecast period.
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