Technology

Allied Market Research: Antenna Market Size to Hit $40.1 Billion by 2032; Growing at a CAGR of 9.1%

Published

5 months ago

April 21, 2026

Global Antenna Market Is Expected to Grow due to Rapid Expansion of 5G Network, Surging IoT Device Adoption and Advancements in MIMO & Beamforming Technologies

WILMINGTON, Del., April 21, 2026 /PRNewswire/ — Antenna Market to Reach $60.4 Billion by 2032 new study on the Antenna Market published unanimously by Allied Market Research contains core elements of a comprehensive, systematic & thorough investigation with an estimation of the global opportunity analysis and industry forecast from 2023 to 2032. The global antenna market was $16.8 billion in 2022 and is projected to reach $40.1 billion by 2031, growing at a CAGR of 9.1% from 2023 to 2032. It provides comprehensive and thorough research on global antenna market size, competitive landscape, future growth prospects, latest trends as well as emerging opportunities in the major geographies along with their respective industry verticals.

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Report Quick-Reference Data

Report Title

Antenna Market Global Opportunity Analysis and Industry Forecast, 2023–2032

Report Code

A200323 | Allied Market Research

Base Year

2022

Market Size 2022

USD 16.8 billion

Market Forecast 2032

USD 40.1 billion

CAGR

9.1% (2023–2032)

Technology Type

SIMOMIMOMISOOthers

By Application

Cellular SystemsRadarWFi SystemsOthers

End User

Consumer ElectronicsHealthcareAerospace and DefenseTelecommunicationOthers

Regions

North America | Europe | Asia-Pacific | LAMEA

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Antenna Market Size & Growth

This growth trajectory for the antenna market signifies the technology is an essential component of nearly all current wireless communication systems, such as smartphones and IoT devices to satellite communications, radar systems and future networks with 5G.

An antenna is an essential device in communication systems that transforms electric signals to electromagnetic waves to be transmitted out into free space, or vice versa when the incoming electromagnetic wave will be converted back into an electric signal for processing by some electronic element. Antennas are available in various sizes and formats, each defined for the frequency ranges and applications being addressed — from basic consumer electronics such as cell phones, laptop computers, and tablets to more complex systems including radar installations, satellite ground stations and military communications arrays.

This growth is primarily due to rapid 5G rollout worldwide; hasty adoption of chip antennas in IoT devices, and growing incorporation technologies like beamforming and phased-array systems into antenna products. The expansion of 5G infrastructure is expected to create profitable growth opportunities for the market throughout the forecast period.

Key Market Insights

Here are some key insights from the Allied Market Research report that are impacting on the antenna industry landscape:

Increasing Demand for IoT-Driven Chip Antenna– The Internet of Things (IoT) is evolving at a rapid pace, gaining a firm foothold in smart homes, smart grids, industrial internet, and connected vehicles. Chip antennas are compact, low cost and can be easily implemented in miniaturised designs, making chip antennas the choice of antenna solution with significant continuing demand across both consumer and industrial IoT markets as the required footprint for IoT modules diminishes over time [6].

5G as Structural Growth Driver: The accelerating rollout of 5G network deployment is changing antenna architecture at its core. Operators are moving away from legacy passive distributed antenna systems to active antenna units (AAUs) that integrate radios, beamforming logic, and power amplification to enable dynamic spectrum sharing over a space while reducing feeder-cable losses by as much as 90%.

Beamforming & Phased-Array Innovation: Among the antenna market trends is the introduction of sophisticated beamforming and phased-array capabilities into 5G networks. This allows for active manipulation of antenna radiation patterns, providing improved signal quality and lower interference, and greatly increasing network capacity.

Metamaterial-Enabled Antenna Development: Antennas constructed from metamaterials have received a lot of interest due to their ability to be miniaturized while still providing unique electromagnetic responses for various applications such as medical imaging, security scanning and wireless power transfer.

Electronically steerable antenna technology for satellite communications: Electronically steerable antennas (ESAs) are becoming widely deployed in satellite communications, allowing coverage and connectivity to be rapidly adapted on different types of regions and orbits by the satellites themselves as well as ground stations, a trend that has continued with efforts to deploy LEO satellite constellations.

Restraint LACK OF UNIFORM FREQUENCY STANDARDS: One of the major restraint factors that is expected to hinder the growth of antenna market. Electromagnetic drone frequency management systems that differ between regions, reduce compatibility across borders for equipment; and reductions in economies of scale for antenna manufacturers.

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Antenna Market Segmentation

Global Antenna Market Segmentation includes the following; Technology Type, Application and End User.

MIMO dominated by technology type:

The 2022 figure reflects the global antenna market revenue, of which the MIMO (Multiple-Input Multiple-Output) segment currently accounts for the highest share over half, and is expected to maintain its lead from 2023 through 2030. MIMO technology is critical to the 4G LTE and diversified with the help of twin or extra antennas at both transmitter ends; MIMO helps by offering higher throughput and desired spectral potency. The growing IoT ecosystem, ever-increasing connected vehicle platform, and the proliferation of smart infrastructure Wi-Fi systems further solidify dominance for MIMO segment.

Based on Application – Cellular Systems Lead:

In 2022, the antenna market by cellular systems segment generated $10,103.9 million in revenue, with this being the largest revenue contributor among other segments. This segment is primarily driven by the large-scale deployment of 4G LTE and 5G base station infrastructure, which necessitates the need for huge quantities of high-performance directional and omnidirectional antennas worldwide. Other key application segments are radar and Wi-Fi systems, backed by increasingly higher aerospace and defense investments, as well as rapid enterprise wireless networking deployments.

Economy Shares – Telecommunications the Largest Segment by End User:

The telecommunication segment was the largest among all end users in 2022, capturing nearly two-fifths of global antenna market sales with 6,300.44$ million in revenue generated from this vertical alone. The segment is expected to remain dominant during the forecast period as well as register the highest CAGR of 9.6% from 2023 to 2032, due to persistent growth in consumer electronics industry and ongoing development of telecom networks globally.

Antenna Market Regional Insights

Asia-Pacific – Leading Revenue Contributor:

In 2022, Asia-Pacific would hold the most significant share of nearly two-fifths (40.0%) of global revenue in the antenna market, which was $6,151.47 million in total. This region as a whole is expected to continue the dominance and register fastest CAGR of 9.5% from 2023 to 2032. Amidst China’s world-leading 5G buildout (2.4 million live sites at end-2024, ramping to 3.5 million by end-2025), much of the region’s leadership momentum is linked to provider strategies and investment—both national and cross-border. India unleashed the USD 19 billion spectrum auction in 2024 to launch 5G services covering more than 150 cities, leading telecom operators targeting urban and fixed-wireless subscribers to place bulk orders for antennas. This dominance of the Asia-Pacific is further strengthened, as Japan and South Korea pursue network densification programs and investments into research for 6G.

Hub of Technology and Innovation: North America

North America is a key innovation region for the global antenna market, driven by a developed 5G ecosystem, high federal funding on telecom infrastructure, and aerospace & defense funding. Acquisition of a premium share of the North American region by the U.S. was mainly attributed to strong demand due to 5G small-cell densification, automotive connectivity and defense phased-array antenna programs. Major antenna manufacturers such as Amphenol Corporation, Molex (Koch Industries), PCTEL and TE Connectivity are increasing their footprint in the area to confirm competitive advantage.

Europe – Germany as the Sensor Market of Fastest Growth

For the antenna segment in the UK recorded relatively larger market share in 2022 and is projected to continue leading until the end of forecast period for Europe. Conversely, Germany is expected to be the fastest growing European market, with a CAGR of 9.4%, owing to industrial IoT investments, autonomous vehicle R&D projects and increased 5G network coverage over major metropolitan areas. Germany has stable manufacturing foundation as such with global level telecom gear traders thriving from there, this is more supported in its spur growth angle.

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LAMEA – Emerging Market Opportunities:

The LAMEA antenna market is expected to provide lucrative opportunities as demand for advanced antenna solutions soars with the support of government digital transformation mandates in various countries across the Middle East, smart city initiatives, and satellite broadband expansion programs. Africa and Latin America are more medium-term growth opportunities where mobile penetration rises as operators invest in LTE and early-stage 5G infrastructure.

Key players:

The global antenna market is highly competitive, featuring a mix of established global manufacturers and specialized niche providers. Key players profiled in the Allied Market Research report include:The global antenna market is fragmented, consisting of a diverse mix of both large well-established global manufacturers and specialized niche providers. Companies profiled in this report are:

Amphenol Corporation – Amphenol is one of the leading global manufacturers of interconnect and antenna solutions across a diverse range of end markets, including high-speed telecommunications; automotive; cable television/communications infrastructure; aerospace and defense; and consumer electronics. During the last few months, Amphenol has spruced up its antenna portfolio with a series of focused investments and new products including an acquisition of a European vehicle-to-everything antenna specialist in December 2024.

TE Connectivity – A diversified connectivity and sensor solutions company, TE Connectivity International (NYSE: TEL) provides high-performance antenna systems to telecom operators, automotive OEMs and industrial customers worldwide. December 2024, the company introduced a new line of compact, high-density 5G smartphone antennas.

Molex (Koch Industries) – Molex is a global manufacturer of electronic components as well as antenna solutions, offering thousands of MIMO and multi-band antenna designs for the IoT, automotive, healthcare and telecommunications industries.

PCTEL, Inc. – PCTEL’s specialized wireless technology solutions are deployed in industrial IoT, public safety, fleet management and rail communications; its latest antenna platforms include a 5G FR1 Omnidirectional antenna and a VerStack rail communications platform.

Antenova Ltd. – A designer and manufacturer of embedded antennas and RF modules for IoT applications, Antenova is specializing in smaller high-performance chip antennas optimized to be integrated into miniaturized smart devices such as GPS trackers or wearables.

Panorama Antennas – A premier solution provider for transportation, public safety and IoT applications of multi-band vehicle and infrastructure antennas worldwide.

Pulse Electronics (YAGEO Group) – Provides antenna solutions for consumer electronics, automotive and industrial IoT applications in the form of a worldwide passive component and antenna manufacturer.

Shenzhen Xinwei Communication Co., Ltd – A leading Asia-Pacific antenna manufacturer of base station and wireless communication antenna systems, supplying the telecom operators in emerging markets.

Antcom Corporation – Designs and manufactures high precision GPS and GNSS antenna systems for aerospace, defense and autonomous vehicles

STI-CO Industries – A manufacturer of tactical and covert antenna systems to law enforcement, public safety, and defence sectors across North America.

The prominent antenna market players utilize mergers & acquisition, product launches, technology partnership and regional expansion as their strategic initiatives to retain their antena market share during the forecast period.

Key Recent Industry Developments

Worldwide antenna market has seen a number of strategic developments from 2023–2026 which are changing the functionality and competitiveness for the products:

January 2025: Murata Manufacturing started mass production of a 28 GHz Antenna-in-Package (AiP) module with dimensions of 5 mm × 5 mm × 0.8 mm, shipping more than 2 million units monthly to a major Korean handset maker — the first major advancement in realization of miniaturized form factors for consumer 5G devices capable millimeter-wave (mmWave) antennas.

December 2024: Milestoning entry into the fast growing connected vehicle segment through acquisition Amphenol Corporation announced its completing an acquisition on European OEMs Vehicle-to-Everything (V2X) antenna specialist, bringing onboard the services of120 engineers as well as shark-fin antenna patent portfolio; expanding and fortifying its automotive connectivity stockpiles.

December 2024: TE Connectivity Introduced New Low Profile High-Density 5G Smartphone Antennas Designed for Ultra-Slim Phone Chassis and Enhanced Multi-Band Coverage in Sub-6 GHz and mmWave Bands.

November 2024: CommScope unveiled a new four-way massive MIMO panel antenna, operating in 3.5GHz for use in density-heavy urban deployments — claiming 30 percent more sector capacity than its previous two-way antenna design — aiming at operators looking to enhance their dense urban networks with minimal costs.

August 2023: PCTEL, Inc. introduced its new 5G FR1 Omnidirectional antenna, designed with in-building or out-building applications needing ruggedized, far-reaching wireless connectivity in manufacturing and logistics environments such as factories.

February 2024: Septentrio introduces AntaRx-Si3, one of precision GNSS/INS Smart Antenna & ultra-rugged enclosure for autonomous and agriculture robots & machinery — pushing further antenna applications in precision agriculture.

February 2023: PCTEL, Inc. launched VerStack antenna platform to build intelligent rail communications and IIoT applications that support multi-protocol connectivity in difficult transportation situations.

July 2024 — Amphenol acquired Antenna Research Associates to enhance solutions portfolio for RF/microwave antennas in defense and government applications.

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About Us:

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Technology

The World Is Taking Notice: TIME Recognition Fuels VinFast’s Global Journey

Published

1 hour ago

September 11, 2026

On a rainy Tuesday morning in Paris, a driver waiting at a red light on Boulevard Haussmann might not immediately place the badge on the SUV beside them. Thousands of miles away, a driver in California might have a similar moment seeing the same badge on an American road. It is not German, nor one of the familiar Asian names that have become common across established automotive markets. It belongs to VinFast , a Vietnamese automotive brand that is steadily making its presence felt across Europe and North America, and whose global journey reflects a much larger story unfolding inside its parent group, Vingroup.

PARIS , Sept. 11, 2026 /PRNewswire/ — That journey reached a new milestone this year. Vingroup has been ranked 340th in TIME’s World’s Best Companies 2026, produced jointly with the research firm Statista, placing it among the world’s top 350 businesses and marking a rise of nearly 500 places from the previous year. It is the only Vietnamese company to appear on the list for two consecutive years.

A Ranking Built on More Than Growth

TIME and Statista do not rank companies on size alone. Their methodology weighs three dimensions: revenue growth, employee satisfaction and sustainability transparency. Vingroup earned an overall score of 81 out of 100, rising from 817th to 340th worldwide.

The revenue figures behind that score are substantial. In the first half of 2026, Vingroup posted consolidated net revenue of VND 222.9 trillion, up 72 percent year on year, with profit after tax reaching VND 20.904 trillion, more than four and a half times the figure recorded over the same period in 2025. That growth was driven largely by the Group’s industrial manufacturing and real estate businesses, earning Vingroup an “Outstanding” rating on the revenue metric.

Employee satisfaction told a similar story of momentum. Vingroup climbed to 398th globally, up 496 places, in a workforce that now spans roughly 400,000 people across 12 countries.

On sustainability, the Group’s contribution came through a different kind of infrastructure – green transition projects, urban development, and long-term investment in the systems that sustain a livable city rather than a single quarter’s balance sheet. Vinhomes, the Group’s real estate arm, has extended this thinking through its ESG++ model, adding Regeneration and Resilience to the conventional three pillars of Environmental, Social and Governance work, applied across urban developments spanning thousands of hectares.

Two new business lines added to that picture in 2025: infrastructure, through VinSpeed’s high-speed rail projects connecting Ho Chi Minh City to Can Gio and Hanoi to Quang Ninh, and green energy, through VinEnergo’s projects across multiple provinces. Together, they represent an attempt to build not just individual businesses, but the connective tissue – rail, power and mobility – that a modern, low-carbon economy runs on.

Making the EV Transition More Accessible

Within that broader ecosystem, VinFast represents one of the clearest expressions of Vingroup’s global aspirations. The company’s expansion across Asia, North America and Europe is bringing the Group’s vision for a greener future to an increasingly international audience, while putting a Vietnamese automotive brand directly into competition in some of the world’s most established markets.

For customers considering a new automotive brand, however, global vision is only the starting point. The more important question is whether a new entrant can earn the trust required to become part of everyday life.

Research from the McKinsey Center for Future Mobility offers a useful, if counterintuitive, perspective. Surveying thousands of European car buyers, McKinsey found that Europeans open to considering an Asian market entrant show an overall 53 percent likelihood of switching to a new brand when they move to an electric vehicle – a figure that rises as high as 63 percent in the United Kingdom. Brand loyalty, in other words, is proving more fluid in the EV era than it was in the age of the internal combustion engine.

That shift creates an opening for new EV brands. But winning customers requires more than a competitive vehicle. It requires making electric mobility accessible while building the sales, service and ownership infrastructure that gives customers confidence throughout the ownership journey.

With an increasingly diverse and accessible product portfolio, VinFast remains committed to its mission of making electric vehicles more accessible to everyone and enabling customers to transition to green mobility with greater ease and confidence.

In Europe, the company is expanding its presence with products designed around local priorities of efficiency, design and accessibility, including the VF 6 and VF 8, while electric buses such as the EB 8 and the fully European-certified EB 12 further extend its contribution to the region’s transition toward greener transportation.

Across North America, the same vision is being supported by the expansion of VinFast’s sales and service network and the development of its Certified Pre-Owned (CPO) program. Together, these initiatives are designed to build a more comprehensive ecosystem around the customer, extending beyond the vehicle itself to the services and support that shape the ownership experience.

Vingroup was the first Vietnamese company to qualify for TIME’s World’s Best Companies list in 2025, while VinFast has earned recognition among TIME100 Most Influential Companies and Asia-Pacific’s Best Companies of 2025. These milestones reflect growing international recognition of Vingroup’s and VinFast’s aspirations, capabilities and expanding global reach.

The latest TIME recognition for Vingroup therefore arrives at a moment when that global reach is becoming increasingly visible. For VinFast, the challenge and opportunity now extend across multiple continents , from European cities where a new badge is gradually becoming familiar, to North American roads where the company is building its presence and customer ecosystem.

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Technology

XLCS Partners advises CID Capital on its investment in Kaiser Garage Doors & Gates

Published

1 hour ago

September 11, 2026

NASHVILLE, Tenn., Sept. 11, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as advisor to CID Capital on its investment in Kaiser Garage Doors & Gates, LLC (Kaiser).

Headquartered in Tucson, Arizona, Kaiser is a leading installer and servicer of residential and commercial overhead doors and gates serving the Phoenix, Tucson, and White Mountains markets. With over 30 years of proven operations, the company has established a strong regional footprint, a reputation for quality and reliability, and long-standing customer relationships.

Based in Indianapolis, Indiana, CID Capital is a private equity firm with decades of experience partnering with high-quality, lower middle market companies. CID makes control investments in companies with a proven track record of success and works alongside management teams to provide strategic guidance, resources, and capital for the next phase of growth, combining a focus on founder- and family-owned companies with a collaborative approach to building long-term value.

Kaiser is the third platform investment made from CID’s latest fund, CID Capital Opportunity Fund IV, L.P. In conjunction with the closing, industry veteran Eric Farley stepped in as CEO to lead the business under CID’s ownership, partnering with Dean Bennett, COO, and the existing Kaiser team.

XLCS acted as buyside advisor to CID Capital in connection with its investment in Kaiser, which was completed on August 14, 2026. The engagement was supported by Jay Cremer, Vice President, and David Silva, Senior Associate.

About XLCS Partners, Inc.
XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact:
Kendra Span
kspan@xlcspartners.com
615-379-7783

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Technology

PlanetiQ Selected for NOAA’s Space-Based Environmental Monitoring IDIQ

Published

2 hours ago

September 11, 2026

Selection builds on PlanetiQ’s long-standing relationship with NOAA and adds thermospheric neutral density to its environmental data offerings

GOLDEN, Colo., Sept. 11, 2026 /PRNewswire/ — PlanetiQ, a leading provider of commercial satellite-based environmental data, today announced that it has been selected as an industry partner under NOAA’s new Space-Based Environmental Monitoring (SBEM) Indefinite Delivery, Indefinite Quantity (IDIQ) contract. Through the SBEM IDIQ, PlanetiQ will be eligible to compete for task orders to provide NOAA with two types of commercial environmental data: Global Navigation Satellite System-Radio Occultation (GNSS-RO) observations for atmospheric profiling and ionospheric monitoring, and thermospheric neutral density data for satellite orbit prediction.

“This selection builds on our long-standing partnership with NOAA and expands the ways our data can support the agency, from high-resolution atmospheric and ionospheric observations to thermospheric neutral density for satellite orbit prediction,” said Ira Scharf, CEO of PlanetiQ.

The SBEM IDIQ, established by NOAA’s National Environmental Satellite, Data, and Information Service (NESDIS) through its Commercial Data Program. The contract has a five-year base period followed by a five-year option and is effective from September 1, 2026, through August 31, 2036.

Under SBEM, PlanetiQ will provide data from its existing satellite constellation as well as additional satellites planned for launch later this year. The company’s GNSS-RO observations provide high-resolution atmospheric profiles for numerical weather prediction and measurements of the ionosphere, including Total Electron Content (TEC) and scintillation. PlanetiQ will also introduce thermospheric neutral density data as a new commercial data product for NOAA NESDIS, supporting improved satellite orbit prediction and space-weather applications.

“PlanetiQ has built its business around delivering high-quality GNSS-RO data with the precision needed to improve weather forecasting,” said Ira Scharf, CEO of PlanetiQ. “This selection builds on our long-standing partnership with NOAA and expands the ways our data can support the agency, from high-resolution atmospheric and ionospheric observations to thermospheric neutral density for satellite orbit prediction. We look forward to continuing to work with NOAA to advance weather forecasting and space weather applications.”

Per NOAA’s own press release, NOAA is expanding its procurement and use of new commercial environmental satellite data streams that will enhance weather forecasting and space weather monitoring. The SBEM IDIQ contract is a key part in the agency’s ongoing effort to boost U.S. weather forecasting capabilities.

PlanetiQ currently provides GNSS-RO data to NOAA NESDIS under the agency’s previous commercial data contract vehicle. The company’s most recent task order, announced in August, provides GNSS-RO and ionospheric data and bridges the transition to the new SBEM contract.

About PlanetiQ

PlanetiQ provides the highest-quality GNSS radio occultation (RO) data available from a commercial constellation of satellites, offering unmatched temporal and spatial resolution. The data drive accurate, high-impact weather and climate forecast models, helping improve Numerical Weather Prediction and AI forecasts, safeguard lives and property from severe weather. In 2025, PlanetiQ was awarded NOAA’s largest-ever contract for satellite weather data, valued at $24.3 million. PlanetiQ is a space-tech company that serves the most mission-critical government, defense, and industry leaders, including international weather agencies, enabling more resilient operations across sectors. Founded in 2015 and privately owned, PlanetiQ designs, builds, and operates the preeminent commercial constellation of GNSS-RO satellites, setting the standard for precision and reliability in atmospheric monitoring. For more information, contact info@planetiq.com

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