According to our latest market study on “Helical AntennaMarket Forecast to 2027 – COVID-19 Impact and Global Analysis – By Type (Monopole, Dipole); Application (Smart Metering, Smart Security Systems, Remote Asset Monitoring, Others), and Geography,” the market was valued at US$ 780.1 million in 2019 and is projected to reach US$ 1,074.0million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.
As the North America region is characterized by the presence of well-developed countries such as the US and Canada favors the adoption and application of new technologies. Also, the presence of a large number of manufacturers further explains the increased device penetration in this region. The positive outlook toward IoT due to its numerous benefits and the US being at the forefront of space exploration are among other factors that makes North America and Europe to be on the forefront in adoption of helical antenna.
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APAC is estimated to register an impressive CAGR during 2020–2027. The region includes various developing economies, such as China, India, and several Southeastern countries, along with developed economies such as Japan and South Korea. Further, APAC is characterized by the presence of vast industrialization, rising disposable income, and a large young population that are at the forefront when it comes to the adoption of new technology. The APAC is projected to create the highest growth opportunities owing to a major push by governments and corporates toward digitization and increasing penetration of internet and connected devices. Meanwhile, government initiatives across Asia-Pacific toward the development of smart cities in China, India, Japan, South Korea, Singapore, and others is among another factor which is expected to create huge opportunities for the helical antenna market players. Also, Middle East & Africa, and South America are also projected to experience growth in helical antenna market owing to government initiatives toward the adoption of digital technologies.
Comsol Inc., Cobham PLC, Professional wireless systems, Mobile Mark Inc., Pulse Electronics, PCTEL Inc., Raltron Electronic Corporation, Taoglas, Tallysman, and Wade Antenna Inc. are among the key players that are profiled during this market study.
Impact of COVID-19 on Helical Antenna market
The recent outbreak of COVID-19 has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the antenna industry was experiencing substantial growth in terms of production and services; however, the outbreak of the virus has tremendously disrupted the supply chain and manufacturing of antenna equipment.
The antenna manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the world, the antenna equipment manufacturing sector is experiencing a lower number of labors in respective manufacturing facilities. However, several governments are deprioritizing antenna spending, owing to the emergence of pandemic; instead, a majority of the governments are focusing on investing toward combatting the spread of virus. This factor is also anticipated to weaken the production of various antenna equipment during 2020, thereby hindering the growth of helical antenna market.
Mounting adoption of connected devices is supporting the growth of helical antenna market
Helical antennas are conventionally used for radio in automobile, but with the automotive industry inclining toward autonomous vehicles, these antennas are finding new applications in automobile. For instance, Helix technologies Ltd. a British developer of high performance helix antenna, raised around US$ 800,000to increase the development of helical antenna, which has wide application in autonomous vehicle, drones, IoT, and machine-to-machine communication.
The helical antennas are also used in RFID technology; with the rising implementation of RFID in asset tracking from manufacturing, commercial, distribution and retail to smart clothing and wearable, the industry is expected to witness huge adoption of helical antennas. Further, with an increase in adoption of IoT across all the industry vertical to improve efficiency and to save cost is among other factors that is fuelling the growth of helical antenna market.
In terms of type, the monopolesegment captured a larger share of the global helical antenna market in 2019. Further, various companies are highly involved in offering monopole helical antenna. For instance, Taoglas offers a compact HA.21 868MHz 2dBi Helical Monopole Antenna. The helical coil antenna is best for 868MHz applications, including smart metering, smart security systems, remote asset monitoring, and other wireless communication devices. Thus, continuous product development and the presence of significant players providing monopole helical antenna are likely to surge the helical antennamarket growth during the forecast period.
Based on application, the helical antenna market is segmented into smart metering, smart security systems, and remote asset monitoring. The smart security systems segment is estimated to grow at the highest CAGR in the helical antenna market during the forecast period. The rise in urbanization and infrastructural development is demanding smart security systems. They are used for several applications, such as commercial, residential, and industrial sectors, for security purposes. For instance, in wellbore monitoring applications and harsh environmental conditions that can restrict the application of complex electronics and instrumentation. Thus, for monitoring such conditions, the government and the private sector are investing in helical antennas. The smart meteringsegment is estimated to hold the largest share of the helical antenna market in 2019.
Companies Profiled in Helical Antenna Market are as Follows:
- Mobile Mark, Inc.
- Comsol Inc.
- Cobham Plc.
- Professional Wireless System
- Pulse Electronics
- PCTEL Inc.
- Raltron Electronics Corporation
- Wade Antenna, Inc.
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The Helical Antenna Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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