Rectenna Industry Global Insights and Trends, Forecasts to 2024
Market Research Future, in its latest
study, summed neatly that the global rectenna
market 2020
could witness much bigger stability from the years 2019–2024. In these years,
the market’s potentiality might rise at a towering rate, along with the same
rate of valuation as well. It could be the great achievement of the market to
see the future amidst COVID 19 pandemic across the world.
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Top Impacting Factors
Rectennas are powered by radio waves as
they are still under their nascent stage. The continuous ongoing research to improve
the configuration and capabilities of Rectennas has been one of the prime
factors leading the market to a great extent. Rectenna plays a pivotal role in
signal and power transmission components for wireless communication and radar
communication systems.
Its applications in
connected automotive vehicles enable automobile manufacturers to augment autonomous
driving capabilities by presenting features like wireless power transmission
for electric vehicles and proficient transmission of radio signals. The
rectennas also offer superior capabilities as compared to chip-based antennas
and even patch antennas that are used in Smartphones. All these factors have
made the market more and more valuable before.
The
global rectenna market is anticipated to be driven by mounting demand for
advanced technology devices in the consumer electronics industry, such as
smartphones, laptops, tablets, and other portable devices. The widening user
base of Smartphones is also in line to be a significant factor driving the global
rectenna market during the assessment period.
To
add in this, with the appearance of 5G technology, mobile bandwidth is
anticipated to expand, ushering in a new era of immersive experience,
connectivity, and efficient data transfer in the rectenna market. 5G technology
in mobile broadband services is likely to use high-frequency bands requiring
robust Rectennas with a broader spectrum, faster download speeds, and higher
traffic capacity. Thus, the demand for mobile broadband is rising, resulting in
high bandwidth applications, surged data transmission, and rising adoption of
Rectennas for efficient communication. These have opened avenues for the global
Rectennas market to spur double-digit in the coming 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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