According to report by MarketsandMarkets, the global Point-to-Point Antenna market, is projected to be worth USD $3.6 billion in 2020 and will reach USD $5.0 billion by 2025. It is expected to grow at a CAGR of 6.9% during the period. This estimation factors in the impact of the COVID-19 pandemic on the market.
The major driving factors are the simplicity of installation as compared with other antennas and the growing penetration of the Internet. The increasing number of M2M connections among various industry verticals is also expected to drive the point-to-point antenna market growth during the forecast period.
Parabolic Antennas to Account for Largest Share of the Point-to-Point Antenna Market During the Period
Parabolic antennas have a wider range of frequency and applications, as well as very high gain, ranging from 30 to 40 dB as compared with flat panel antennas and Yagi antennas. A parabolic antenna uses a parabolic reflector, a curved surface with the cross-sectional shape of a parabola, to direct the radio waves. The most common form of parabolic antennas is shaped similar to a dish. These antennas are widely used for radio and wireless applications.
Dual-Polarized Antennas to Witness Highest Growth in the Point-to-Point Antenna Market in Coming Years
The dual-polarized antenna segment is expected to show highest growth in the point-to-point antenna market owing to the ability of dual-polarized antennas to respond to both horizontally and vertically polarized radio waves simultaneously. The use of both polarizations increases the traffic handling capacity of the system.
1.0 GHz to 9.9 GHz Frequency Range Segment to Account for Largest Share of the Point-To-Point Antenna Market During Forecast Period
Majority of the applications, including the industrial and commercial applications, as well as cellular applications (2G, 3G, and 4G), operate in the 1.0 GHz to 9.9 GHz frequency range. Due to this, the 1.0 GHz to 9.9 GHz frequency range segment occupies the largest share of the point-to-point antenna market.
Commercial / Industrial Applications to Grow at the highest CAGR in the Point-to-Point Antenna Market from 2020 to 2025
The overall deployment of point-to-point antennas is expected to increase with the growth in the number of commercial office buildings and industrial facilities; hence, this segment is projected to grow at the highest rate in the coming years.
The response of manufacturers to the COVID-19 pandemic has been varying. For instance, while some manufacturers are decreasing production and furloughing workers, others are increasing, shifting, or relocating production to meet the demand. Procter & Gamble, 3M, Georgia-Pacific, BASF, ExxonMobil, Tesla, Ford, GM, ArcelorMittal, and Air Products are a few examples of the companies that have innovated to manufacture new products or shifted production to meet demand.
Some of the manufacturers have been rapidly transforming their businesses to be able to produce critical and high-demand products. For instance, breweries and distilleries have switched from producing beer, wine, or liquor to contribute toward meeting the unprecedented demand for hand sanitizers.
Paper products manufacturers have ramped up production and are managing their distribution closely to help fill the empty shelves in many retail outlets. Automotive and electronics manufacturers have responded to government requests to produce ventilators, facemasks, and other high-demand personal protective equipment (PPE) for healthcare workers.
APAC to Hold Largest Share of Point-to-Point Antenna Market During the Forecast Period
The point-to-point antenna market in APAC is foreseen to grow at a significant rate owing to the increasing number of 5G infrastructure development initiatives in the region. The rising demand for telecommunication infrastructure has also created a plethora of opportunities for the point-to-point antenna market in the region.
In APAC, investments look promising as the majority of countries such as China, Japan, and South Korea have been more successful in containing the spread of COVID-19 than the US and European countries. China is easing the restrictions imposed on the operations of factories and the movement of workers. Major telecommunication equipment providers in the region, including ZTE (China) and Huawei Technologies (China), have signed more than 95 5G commercial deals with leading global telecom operators.
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