Industry Insight
According to Market Research Future's latest analysis, the worldwide rectenna market 2020 could have substantially greater stability from 2019 to 2024. The market's potentiality may soar in these years, accompanied by a corresponding increase in valuation. It could be the market's greatest triumph to see the future in the midst of the global COVID 19 pandemic.
Top Impacting Factors
Rectennas, which are still in their infancy, are powered by radio waves. One of the primary factors driving the market to a large extent has been continual continuing research to increase the configuration and capabilities of Rectennas. In wireless communication and radar communication systems, the rectenna is an important component for signal and power transfer.
Its uses in connected automotive vehicles allow automakers to enhance autonomous driving capabilities by providing features such as wireless power transmission for electric vehicles and reliable radio signal transmission. In comparison to chip-based antennas and even patch antennas used in Smartphones, the rectennas have higher capabilities. All of these variables have previously increased the market's value.
The growing demand for high technology products in the consumer electronics industry, such as smartphones, laptops, tablets, and other portable devices, is expected to boost the global rectenna market share. During the assessment period, the growing user base of Smartphones is expected to be a prominent factor driving the worldwide rectenna market.
Furthermore, the introduction of 5G technology is expected to enhance mobile bandwidth, ushering in a new era of immersive experience, connectivity, and efficient data transfer in the rectenna industry. High-frequency bands are likely to be used in 5G mobile broadband services, necessitating strong Rectennas with a bigger spectrum, quicker download rates, and more traffic capacity. As a result, demand for mobile broadband is increasing, resulting in increased bandwidth applications, increased data transmission, and increased use of Rectennas for effective communication. As a result, the global Rectennas market is expected to grow by double digits in the approaching years.
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Segmentation of Market
The global rectenna market has been segmented among types and applications.
In terms of type segment, the rectenna market has included radio frequency (RF) rectenna and optical rectenna.
In terms of the application segment, the rectenna market has included RFID, wireless power transmission, contactless cards, proximity cards, and energy harvesting
Regional Front
Regionally, the rectenna market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
MRFR identifies that several technological advancements by the antenna manufacturers in China, Japan, and South Korea are anticipated to create opportunities for local manufacturers to manufacture and cater to diverse application areas, as the market is still in its burgeoning stage.
The market in North America is likely to be at the second spot for the rectenna market owing to the rich incidence of telecommunication equipment manufacturers and emerging smart devices markets. The US is one of the prosperous countries for investors to invest in the production of rectennas owing to the accessibility of manufacturing infrastructure and highly skilled workforce. The US holds practically 70% of the Rectennas market in North America. Besides, industry automation and higher adoption of smart homes in the US produces the need for efficient data transfer, which also plays a pivotal role in the development of the rectenna market across the US and North America. The advancement and exponential growth in consumer electronics vertical, and the need for wireless power transmission across Asia-Pacific and Europe is one of the foremost factors driving the growth of the Rectennas market.
Industry Players
The prime players in the rectenna market are identified as CoolCAD Electronics LLC (US), Murata Manufacturing Co., Ltd (Japan), Allis Communications (US), Nihon Dengyo Kosaku Co Ltd (China), API Technologies Corporation (US), Antenova Ltd (UK), AVX Antenna Inc (US), Ducommun Incorporated (US), AR RF/Microwave Instrumentation (US), AH Systems Inc (US), and FURUNO Electric Co., Ltd (Japan).
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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