Connected Vehicles to Drive Growth in the Global Antenna Market

According to ReportsnReports.com, the global wireless antenna market will grow at a CAGR of 8.27% during the period from 2017-2021. According to a report published by them, one driver in the market is the emergence of connectivity in vehicles. The adoption of wireless connectivity in vehicles is increasing across the globe. Wireless connectivity enables the users to communicate with the external world even while driving. It also enhances other features like navigation and infotainment. In addition, it improves the safety standards of the vehicles and increases the driving pleasure of the driver. The increased adoption of wireless connectivity, particularly in the passenger car segment, is one of the most crucial factors driving the growth of the global wireless antenna market.

Further, the report states that one challenge in the market is high associated cost. The cost associated with the acquisition of a site and the installation process for an antenna network, specifically for a telecom network, is very high. This hinders the growth of the global wireless antenna market. In addition, organizations need to adhere to the stringent spectrum regulations that are set by the telecommunication standard organizations. This is an expensive affair for the organizations. The attractiveness of the industry and the presence of a large number of players in the market have created persistent pressure for competitive pricing, which is adversely affecting the profit margins of the organizations.

Key players in the global wireless antenna market: Fractus Antennas, Pulse Electronics, Taoglas, and YAGEO.

Click here to read the report.