5G phased array antenna market to grow at a CAGR of 7.48% from 2022 to 2027, High adoption of smartphones and tablets to boost the market - Technavio

NEW YORK, March 10, 2023 /PRNewswire/ -- According to Technavio, the global 5G phased array antenna market size is estimated to grow by USD 722.52 million from 2022 to 2027. The market is estimated to grow at a CAGR of 7.48% during the forecast period. Moreover, the growth momentum will accelerate. The high adoption of smartphones and tablets is driving the market growth, although factors such as the high deployment cost of 5G technology may impede the market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

5G phased array antenna market – Market dynamics
Key factor driving market growth

• The high adoption of smartphones and tablets is driving market growth.
• Shipments of smartphones are likely to increase during the forecast period owing to the availability of low-cost smartphones in emerging markets such as China and India.
• 5G phased array antennae are used for several applications in smartphones.
• They are also used in tablets and IoT devices.
• Thus, manufacturers of 5G phased array antennae are expected to develop high-performance 5G phased array antennae to meet the demands of smartphones and tablet manufacturers.
• Such factors will positively impact the global market growth during the forecast period.

Major challenges hindering the market growth

• The high deployment cost of 5G technology is challenging market growth.
• The acquisition cost of 5G technology is high.
• In addition, there are concerns related to the high installation cost of small cell networks and limited security for outdoor power systems.
• Large organizations have to adhere to stringent regulations enforced by standard telecommunication organizations.
• Moreover, competitive pricing by customers affects the profit margins of companies.
• These factors might hinder the growth of the global market during the forecast period.

Insights on market drivers & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

5G phased array antenna market – Segmentation assessment
Segment overview
Technavio has segmented the market based on application (mobile devices and infrastructure) and type (24-30 GHz, 37-40 GHz, and others). 

• The mobile devices segment will account for a significant share of the market growth during the forecast period. The growth of this segment is attributed to factors such as the onset of various new devices, such as smartphones, tablets, and phablets. The demand for 5G phased array antennae from the mobile segment is high in developed countries such as the US and Germany. 

Geography Overview
Based on geography, the global 5G phased array antenna market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global 5G phased array antenna market.

• North America is estimated to account for 35% of the growth of the global market during the forecast period. Data traffic in North America is higher than in other regions, which increases the need for high-speed and high-bandwidth networks. Hence, the demand for 5G networks is expected to increase in North America during the forecast period. The demand for IoT solutions is increasing in the region due to the increase in the use of mobile phones and smartphones. 

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a sample report

5G phased array antenna market – Leading trends influencing the market 

• The increased proliferation of IoT is a key trend in the market.
• There are various applications of IoT, ranging from smart consumer electronics to wearables and automobiles.
• Designers have to handle implementation challenges, such as power efficiency, in IoT devices.
• 5G phased array antenna helps in addressing these challenges, owing to their re-programmability and low power consumption.
• Therefore, the increasing adoption of IoT and 5G technology is expected to support the growth of the global market during the forecast period.

What are the key data covered in this 5G phased array antenna market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the 5G phased array antenna market between 2023 and 2027
• Precise estimation of the size of the 5G phased array antenna market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the 5G phased array antenna market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of 5G phased array antenna market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global 5G phased array antenna market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global 5G phased array antenna market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Mobile devices - Market size and forecast 2022-2027
• Exhibit 34: Chart on Mobile devices - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Mobile devices - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Mobile devices - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Mobile devices - Year-over-year growth 2022-2027 (%)

• 6.4 Infrastructure - Market size and forecast 2022-2027
• Exhibit 38: Chart on Infrastructure - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 24-30 GHz - Market size and forecast 2022-2027
• Exhibit 48: Chart on 24-30 GHz - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on 24-30 GHz - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on 24-30 GHz - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on 24-30 GHz - Year-over-year growth 2022-2027 (%)

• 7.4 37-40 GHz - Market size and forecast 2022-2027
• Exhibit 52: Chart on 37-40 GHz - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on 37-40 GHz - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on 37-40 GHz - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on 37-40 GHz - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ALCAN Systems GmbH i.L. 
• Exhibit 115: ALCAN Systems GmbH i.L. - Overview
• Exhibit 116: ALCAN Systems GmbH i.L. - Product / Service
• Exhibit 117: ALCAN Systems GmbH i.L. - Key offerings

• 12.4 Anokiwave Inc. 
• Exhibit 118: Anokiwave Inc. - Overview
• Exhibit 119: Anokiwave Inc. - Product / Service
• Exhibit 120: Anokiwave Inc. - Key offerings

• 12.5 Anritsu Corp. 
• Exhibit 121: Anritsu Corp. - Overview
• Exhibit 122: Anritsu Corp. - Business segments
• Exhibit 123: Anritsu Corp. - Key news
• Exhibit 124: Anritsu Corp. - Key offerings
• Exhibit 125: Anritsu Corp. - Segment focus

• 12.6 Ball Corp. 
• Exhibit 126: Ball Corp. - Overview
• Exhibit 127: Ball Corp. - Business segments
• Exhibit 128: Ball Corp. - Key news
• Exhibit 129: Ball Corp. - Key offerings
• Exhibit 130: Ball Corp. - Segment focus

• 12.7 CHASM Advanced Materials Inc. 
• Exhibit 131: CHASM Advanced Materials Inc. - Overview
• Exhibit 132: CHASM Advanced Materials Inc. - Product / Service
• Exhibit 133: CHASM Advanced Materials Inc. - Key offerings

• 12.8 Chengdu Kesai Technology Co. Ltd. 
• Exhibit 134: Chengdu Kesai Technology Co. Ltd. - Overview
• Exhibit 135: Chengdu Kesai Technology Co. Ltd. - Product / Service
• Exhibit 136: Chengdu Kesai Technology Co. Ltd. - Key offerings

• 12.9 FlexGigaHertz S.A. 
• Exhibit 137: FlexGigaHertz S.A. - Overview
• Exhibit 138: FlexGigaHertz S.A. - Product / Service
• Exhibit 139: FlexGigaHertz S.A. - Key offerings

• 12.10 Fujikura Co. Ltd. 
• Exhibit 140: Fujikura Co. Ltd. - Overview
• Exhibit 141: Fujikura Co. Ltd. - Business segments
• Exhibit 142: Fujikura Co. Ltd. - Key news
• Exhibit 143: Fujikura Co. Ltd. - Key offerings
• Exhibit 144: Fujikura Co. Ltd. - Segment focus

• 12.11 Huawei Technologies Co. Ltd. 
• Exhibit 145: Huawei Technologies Co. Ltd. - Overview
• Exhibit 146: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 147: Huawei Technologies Co. Ltd. - Key news
• Exhibit 148: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 149: Huawei Technologies Co. Ltd. - Segment focus

• 12.12 Keysight Technologies Inc. 
• Exhibit 150: Keysight Technologies Inc. - Overview
• Exhibit 151: Keysight Technologies Inc. - Business segments
• Exhibit 152: Keysight Technologies Inc. - Key news
• Exhibit 153: Keysight Technologies Inc. - Key offerings
• Exhibit 154: Keysight Technologies Inc. - Segment focus

• 12.13 Mitsubishi Electric Corp. 
• Exhibit 155: Mitsubishi Electric Corp. - Overview
• Exhibit 156: Mitsubishi Electric Corp. - Business segments
• Exhibit 157: Mitsubishi Electric Corp. - Key news
• Exhibit 158: Mitsubishi Electric Corp. - Key offerings
• Exhibit 159: Mitsubishi Electric Corp. - Segment focus

• 12.14 Movandi Corp. 
• Exhibit 160: Movandi Corp. - Overview
• Exhibit 161: Movandi Corp. - Product / Service
• Exhibit 162: Movandi Corp. - Key offerings

• 12.15 Polytenna Technologies Inc. 
• Exhibit 163: Polytenna Technologies Inc. - Overview
• Exhibit 164: Polytenna Technologies Inc. - Product / Service
• Exhibit 165: Polytenna Technologies Inc. - Key offerings

• 12.16 Telefonaktiebolaget LM Ericsson 
• Exhibit 166: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 167: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 168: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 169: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 170: Telefonaktiebolaget LM Ericsson - Segment focus

• 12.17 ZTE Corp. 
• Exhibit 171: ZTE Corp. - Overview
• Exhibit 172: ZTE Corp. - Business segments
• Exhibit 173: ZTE Corp. - Key news
• Exhibit 174: ZTE Corp. - Key offerings
• Exhibit 175: ZTE Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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