The global 5G antenna market is forecast to grow at a CAGR of 17.0%, reaching USD 62.3 billion in 2031 from USD 28.4 billion in 2026.
5G is the largest wireless technology that delivers a higher multi-Gbps data speed and ultra-low latency. A 5G antenna is a type of technology that is designed to transmit and receive the high-frequency signals of the fifth-generation network connectivity. It offers multiple benefits to consumers, as it helps to achieve a higher data transfer speed and reduces latency. The 5G antenna also helps to increase the data transfer capacity and enhances the precision of the connectivity.
One of the major factors pushing the global 5G antenna market’s growth is the increasing usage of mobile phones worldwide. The International Telecommunication Union (ITU), in its global mobile phone ownership report, stated that in 2023, 78% of the global population owned a mobile phone, pushing the demand for wireless network connectivity solutions forward. The report further stated that Europe is among the largest regions in mobile phone ownership, with about 93% of the total region population having mobile phones, 88% in the Americas, 82% in the Arab States, 75% in Asia-Pacific, and 63% in Africa.
Increasing Deployment of 5G
The expanding deployment of 5G technology worldwide is propelling the global 5G antenna market forward. The 5G is the latest and most advanced technology available. The International Telecommunication Union (ITU), in its global 5G report, stated that the coverage of 5G technology expanded rapidly. In 2021, the total population coverage of the 5G network was recorded at 18%, which increased to about 31% in 2022. In 2023, the total 5G network coverage across the globe was recorded at about 38%.
In 2023, the total population of Europe using 5G network technology was recorded at about 68%, whereas it was about 59% in the Americas region. The 5G technology coverage of the Asia-Pacific region and the Arab States was recorded at 42% and 12%, respectively.
Growing Sales of connected vehicles:
With increasing sales of connected vehicles, promising new growth prospects are unlocked across the technology and automotive sectors. These are the most advanced connectivity-equipped vehicles, changing the face of transportation through seamless communication between vehicles, infrastructure, and other digital systems. This has opened a new demand for cutting-edge technologies, especially 5G, which is a key support for the high connectivity needs of modern vehicles.
Technologies are increasingly becoming part of consumer products, especially in the automotive sector. Vehicles have ceased to be just means of transport; they have evolved into more complex and internet-connected devices. The general trend toward widespread adoption of high-speed internet has greatly enhanced the feasibility and desirability of network integration in vehicles. Features such as real-time navigation, autonomous driving, vehicle-to-everything (V2X) communication, and advanced infotainment systems are becoming standard offerings, which underscores the importance of reliable and high-speed connectivity.
The proliferation of 5G technology has emerged as a game-changer, providing the ultra-low latency and high-speed data transfer essential for connected vehicles. This, in turn, has created the demand for key components like antennas, routers, and modems that will facilitate seamless connectivity. It is through the integration of these components that connected vehicles will efficiently work, allowing for real-time data exchange and overall safety, convenience, and user experience.
Moreover, the integration of 5G technology in the automotive industry also allows for the creation of smart cities and intelligent transportation systems. These systems rely heavily on the connectivity provided by 5G to ensure smooth traffic management, navigation, and other urban mobility solutions. As a consequence, next-generation networks convergence with advanced automotive technology would unlock many growth opportunities over the next few years, not only for automotive manufacturers but also for providers of telecommunication and their component suppliers. Hence, with increasing demand for smart vehicles integrated with the Internet of Things (IoT), the demand for 5G antennas is expected to increase in the projected period.
The United States is anticipated to hold a significant share of the 5G Antenna Market:
The US 5G antenna market is witnessing rapid and significant growth due to the expansion of networks and increased coverage of 5G connectivity, resulting in improved data speed across all regions. Major market players are making huge investments in 5G infrastructure to roll out many antennas everywhere for better signal strength and capacity. The antenna requirement is driven by 5G technology to provide faster data speeds than previous generations, like 4G, increasing the need for antennas that can meet these higher throughput requirements across the area. According to the Ericsson Mobility Report, 90% of the population in the US is their coverage area for low-band 5G, while there are between 210 million and 300 million people covered with mid-band 5G.
One of the major variables positively impacting the market’s growth is the rising number of applications that employ 5G antenna technology. With telecom operators investing in creating and expanding their 5G networks, the necessity for antennas significantly increases. The deployment of 5G-compatible devices and IoT applications and development in sectors such as retail, healthcare, and manufacturing are increasing the scope for more competent antenna infrastructure. For instance, as per Accenture Analysis, the installation of 5G technology is expected to drive major changes in the US economy.
It is estimated that over 2021–25, 5G could create an estimated $2.7 trillion in ongoing annual combined gross output across industries in the United States. Standardization benefits all sectors, but the growth is mainly related to ICT. This means telecommunications and high-tech industries have up to +3.5% additional sales, which is about US$404 trillion in the country. This will contribute to 5G infrastructure expansion, which will directly fuel the demand for 5G antennas and will help in developing new antenna technologies. Hence, with the rising demand from the telecommunication sector, the market for 5G antennas is anticipated to grow.
In March 2024, Quectel Wireless Solutions, a global IoT solutions provider, further expanded its range of comprehensive antennas for IoT devices and deployments. The latest launches include the YEMN016AA and YEMN017AA 5G 5-in-1 combo antennas, the YECN001J1A and YECT000WBA external 5G antennas, and the YEGB000Q1A and YEGN000Q1A active GNSS L1 and L5 antennas.
Keysight Technologies
National Instruments
Ericsson AB
Huawei Technologies Co., Ltd
Qualcomm Technologies Co., Ltd
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Companies |
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By Type
Switched Multi-Beam Antenna
Adaptive Array Antenna
By Technology
SIMO
MISO
MIMO
By Application
Mobile Phones
Connected Vehicles
Industry Automation
IoT
By Geography
Americas
United States
Others
Europe, Middle East, and Africa
Germany
UK
Others
Asia Pacific
China
Japan
South Korea
Others