Rectenna Market Growth

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Rectenna Market Growth. The growth sectors of the Rectenna Market Growth are identified with precision for a better growth perspective.

Market Research Future (MRFR) in its latest “Rectenna Market” report, reveals that the worldwide market of rectenna is anticipated to strike a about 12% CAGR across the review years of 2019 to 2025. MRFR also asserts that the global rectenna market is expected to surpass a valuation of 325.4 million by the end of forecast years.

Market Highlights

MRFR states that the rectenna market is likely to be highly competitive. Applications of rectenna are likely to gain high traction for its market worldwide. Rectenna, powered by radio waves, is an essential component for radar communication systems and wireless communication that act as a tool for signal and power transmission. Rectenna is also used in automotive connected vehicles. Automakers incorporate rectenna that enhance autonomous driving experience by providing wireless power transmission. In other applications, rectenna provides superior capabilities over chip-based and patch antennas for smartphones. In addition, rectenna in smartphones reduce the need for different components in them. These are identified as major causes for the global rectenna market to expand.

Additionally, the awaited 5G launch is also noted to contribute to the growth of the rectenna market. The 5G technology is demanding for robust antennas that provide wider spectrum, faster download speeds, and higher traffic capacity. With the growing appreciation for 5G connectivity, the need for planting rectenna is increasing, as a part of technicality of 5G connectivity launch. This is expected to boost the expansion of the worldwide market of rectenna.

Market Segmental Study

The rectenna market’s segmental study is done on the basis of application and type. By type, the market is split into optical rectenna and radio frequency (RF) rectenna. By application, the rectenna market is classified into RFID, wireless power transmission, contactless cards, proximity cards, and energy harvesting.

Detailed Regional Analysis

Globally, the market of rectenna has been studied for four regions. They are; North America, Asia-Pacific, Europe, and the Rest of the World (RoW). The RoW segment comprises South America and the Middle East and Africa. The rectenna market in Asia Pacific due to the surge in adoption of several technological advancements in regions, such as China, South Korea, and Japan, which are also major manufacturers of rectenna, is likely to generate massive opportunities for the APAC rectenna market to boom. The rectenna market in North America is anticipated to score the second position in the global rectenna market growth ranking. It is due to the presence of numerous telecom equipment producers and the high sales volume of smart devices. In the US due to the availability of firm manufacturing infrastructure and skilled labor, investors are investing heavily in the production of rectenna. The US contributed to about 70% of the North America rectenna market. In addition, automation and inclination of people towards smart homes are expected to create the need for efficient data transfer in the US, which, in turn, is expected to upscale the regional market growth.

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