The global 5G mmWave Antenna Module market is predicted to experience significant growth between 2023 and 2030. Key players in the industry are adopting strategies that are contributing to the steady rise of the market. The market size is estimated to be worth millions of dollars in 2022, with a projected CAGR (Compound Annual Growth Rate) for the forecast period.
The COVID-19 pandemic has impacted the global 5G mmWave Antenna Module market, leading to an adjusted market size. The Phased Array Antenna Module segment is expected to account for the majority of the market share in 2021 and is projected to grow at a revised CAGR from 2022 to 2028. The Mobile Terminal segment is also expected to see steady growth throughout the forecast period.
In terms of regional markets, North America and Europe are expected to be key players. North America’s market size is estimated to reach millions of dollars by 2021, while Europe is projected to reach similar figures by 2028. Japan and South Korea are notable markets in Asia, with expected CAGR rates for the next six years.
Major manufacturers of 5G mmWave Antenna Module include Qualcomm, Fujikura, Murata Manufacturing, Ericsson, Movandi, and Keysight Technologies. These players hold a significant market share in terms of revenue.
The research report also analyzes various factors that contribute to the market growth, including trends, restraints, and drivers. The report provides insights into different segments and applications that influence the market. Pricing analysis, production volume, and regional production volume are also included in the report.
The report highlights the factors that contribute to the final price of 5G mmWave Antenna Module, including the raw materials used in manufacturing. The increasing adoption of 5G mmWave Antenna Module for various applications, such as mobile terminals, IoT devices, and VR/AR devices, is expected to drive the overall market growth.
Overall, the 5G mmWave Antenna Module market presents significant opportunities for growth. Strategic developments and the increasing demand for 5G mmWave Antenna Module in various industries, particularly in mining, are expected to contribute to the market’s expansion in the coming years.