The Global Base Station Antennas Market is subject to witness a substantial growth due to the wide area connectivity and enhanced Omni-directional performance of the base station antennas. In addition, growing mobile subscriber base and improved performance capabilities are expected to drive the growth of the market in the upcoming years.
However, higher costs of installation and the need for regular maintenance are predicted to restrain the market growth to a certain extent. Globally, the base station antenna market is predicted to grow at CAGR of 15.3% in the forecast period, providing numerous opportunities for market players to invest in research and development of the base station antenna devices.
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Soaring demand for base station antennas in a wide range of applications such as mobile telephony, wireless computer networking, and other wireless communications, thereby driving the growth of base station antennas market, in the recent years. The base station antennas are installed under supervision of government authorities in residential or commercial space. Increase in the number of mobile and telephone sales every consecutive year is expected to drive market demand for base antennas over the forecast period.
The base station antennas play a vital role in sending and receiving radio frequency signals or radio waves for transferring it to the mobile devices that are within the proximity since communication is not possible without the base station antennas. Additionally, increase in the number of radio and television-broadcasting station boost the growth of base station antenna market.
The recent technological advancement in communication sector coupled with development of novel products & techniques such as 5G mobile communication systems are predicted to stimulate market growth in the upcoming years. The base station antennas incorporates a specified number of mobile phones. Massive number of mobile users particularly in the Asia Pacific region, is projected to boost market demand for base station antennas over the forecast period.
Furthermore, the need for better connectivity, increasing presence of IoT devices and increasing personal disposable income across the globe are propelling market growth in the recent years. Introduction of 5G mobile communication systems is anticipated to bolster market expansion for base antennas in European and North America region as well.
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