Base Station Antenna Market Booming Due to 5G Rollout, Projected to Reach $25 Billion by 2030
-
Global base station antenna market size expected to reach $25.58 billion by 2030, registering a 17.2% CAGR from 2023-2030 due to rising demand for high-speed data and new technologies like 5G.
-
Market shifting towards advanced antenna technologies like massive MIMO, beamforming, and smart antennas to handle higher data rates and more connected devices.
-
Development of mmWave base station antennas to support higher frequencies used in 5G networks adding to segment growth.
-
Hardware segment dominated market in 2022 due to advancements in sophisticated antenna designs and technologies to meet increasing 5G network needs.
-
North America segment projected to see significant growth over forecast period as network operators invest heavily in 5G infrastructure to provide faster data speeds and support emerging technologies.