Helical Antenna Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Monopole, Dipole); Application (Smart Metering, Smart Security Systems, Remote Asset Monitoring, Others)
Publication Month: Sep 2020 | Report Code: TIPRE00010112 | No. of Pages: 148 | Category: Electronics and Semiconductor | Status: Published
In terms of revenue, the helical antenna market was valued at US$ 780.1 million in 2019 and is expected to reach US$ 1,074.0 million by 2027 with a CAGR growth rate of 5.5% from 2020 to 2027.
APAC is estimated to register an impressive CAGR during 2020–2027 in the helical antenna market. 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 AsiaPacific 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.
With an estimated installed base of more than 1.3 billion gas and electricity metering units, Asia-Pacific constitutes the world's largest and fastest-growing smart metering industry. The region's annual electricity meter demand is 110–200 million units, with China accounting for ~70% of the volume. In terms of smart metering deployments, the AsiaPacific is highly fragmented, and regional markets can be divided into three general groups. The first wave deployments of smart electricity meters have been completed by two countries: China and New Zealand. Second wave deployments are already underway in China and are soon to commence in New Zealand. These factors are anticipated to boost helical antenna market.
Impact of COVID-19 Pandemic 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.
Lucrative Regional Helical Antenna Market
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Market Insights
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.
Type-Based Insights
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.
Global Helical Antenna Market, by Type– 2018 and 2027
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Application-BasedInsights
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.
Strategic Insights
The helical antenna market is experiencing significant growth owing to the rising space exploration initiatives undertaken by the government as well as corporates. Further, the corporates and capital firms are increasingly investing in R&D, has led to innovative development of helical antennas, which has led to the wide application of these antennas. A few of the recent developments in the helical antenna market are listed below:
2020:Taoglas, collaborated with Arrow Electronics. This collaboration have new worldwide distribution agreement focused on AI and IoT products and services.
2019:COMSOL Inc. declared that the MTC has joined the rank of its global list of Certified Consultants. With a COMSOL Certified Consultant, MTC expanded into industries such as automotive, aerospace, food, electronics, and construction that need to incorporate multiphysics simulation in their research and development, manufacturing, and production to boost their competitiveness, reduce costs and time to market.
2019:Yageo Corporation ("Yageo"), declared the acquisition of 100% of shares in Pulse Electronics in May 2018. Yageo's strong customer relationships and well established presence in Greater China, Pulse extended its sales coverage and strengthen its customer services.
Market Segmentation
Helical Antenna Market – By Type
- Monopole
- Dipole
Helical Antenna Market – By Application
- Smart Metering
- Smart Security Systems
- Remote Asset Monitoring
- Others
Helical Antenna Market by Region
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- United Kingdom
- Switzerland
- Sweden
- Netherlands
- Spain
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
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
- Taoglas
- Tallysman
- Wade Antenna, Inc.
Frequently Asked Questions
The List of Companies - Helical Antenna Market
- Mobile Mark, Inc
- COMSOL INC
- Cobham Limited
- Professional Wireless Systems
- Pulse Electronics
- PCTEL INC
- RALTRON ELECTRONICS CORPORATION
- Taoglas
- Tallysman
- Wade Antenna, Inc
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in helical antennamarket, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to type, and application.
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