Mobile Communication Antennas Market to Grow 10% every year from 2017-2021

According to a report published by Technavio, the global mobile communication antenna market is expected to show a CAGR of over 10% during the 2017-2021 period. The report forecasts, the increasing demand for network capacity to access connected services is one of the key factors triggering this growth of the market.

The research report ‘Global Mobile Communication Antenna Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions. The market research analysis categorizes the global mobile communication antenna market into Smart antenna, LDS and BTS.

In 2016, the smart antenna segment accounted for 59% of the global market and is projected to decline to 58% by 2021, exhibiting almost 1% decrease in market share. The growth of complementary technologies such as SDN and NFV is an emerging trend in the mobile communication antenna market space. By 2020, approximately 2.2 billion mobile connections will be using LTE technology out of the total 8.5 billion mobile connections.

This growth in mobile data traffic is driven by an increase in the number of data capable devices and high-bandwidth applications. It is expected that the global mobile data traffic will surpass 30 exabytes by 2020, growing at a CAGR of 59% from 2015 to 2020. Software-defined networking (SDN) enables new revenue streams to telecom operators by re-examining network architectures, introducing virtualization and providing intelligence solutions. SDN and network functions virtualization (NFV) enables more flexibility and seamless integration with infrastructure layers. NFV leverages advancements in server virtualization and enterprise IT virtualization; whereas, SDN allows logical centralization of control functions.