Technological Trends Influencing the Movement of Wireless Network Market
Technological advancements influence every industry and market, and the wireless network market is no different. The market is influenced by several technological trends, including 5G cellular and software-defined radio waves, among others. The concept of digitalization and the internet of things (IoT) has further significantly revolutionized the way several industries work.
Also, recently, the use of battery-backed electronic devices in daily life is anticipated to increase in the past decade, owing to the rapid changes in the microelectronics industry. The increasing demand for convenient charging solutions has fuelled the growth of the wireless charging industry. The current opportunities, including wireless power transfer, are fast gaining foot and can prove beyond efficient. The recent trends in the industry indicate a favorable market scenario for widespread growth.
The mobile technologies have evolved significantly, especially in the connectivity context, along with other requirements, including touch sensitive controls and AR/VR gaming experience. They are thus resulting in improved battery power along with the increase in the demand for smart devices.
Analysts at BIS Research have studied and tracked the global wireless charging network market’s trajectory and the technologies involved. The study contains information about the market’s growth pattern, changing the regulatory scenario, opportunities that can boost the growth of the market, and the technological parameters put in place.
As per the BIS Research analysts, the global wireless charging market was estimated at $3.82 billion in 2018. However, it is expected to grow significantly during the upcoming years. Wireless charging technology has enabled battery-powered devices to charge on their own, especially when placed near a transmitter. However, wireless charging has witnessed significant developments in the past three years. The reliability and advantages it offers have opened several avenues directing the market toward a huge potential for the wireless charging industry.
Further, the adoption of chee standard (i.e., Qi) by the major companies has given a major boost to the wireless charging industry, as the technology enables interoperability between devices.
Due to the settlement of specific standards and extensive adoption of wireless technology by the smartphone and wearable devices market, wireless charging is bound to expand into other applications such as healthcare and aerospace and defense as well in the coming years. The emergence of wireless power transfer has significantly reduced the hassles of using wires and taking the chord everywhere for charging. This has given more comfort to the end-user to wirelessly charge their devices via inductive charging or electromagnetic radiation.
The 5G technology will undoubtedly enhance the overall security, efficiency, quality of service, and reliability factor of the electronics and communication devices. The systematic process of the evolution of communication networks has proven to be an essential part of the network technology ecosystem.
The paradigm shift witnessed by the consumer and enterprise market, the requirement of higher bandwidth, congestion in networks, and the increasing data traffic across industries includes some of the important drivers that are demanding the need for 5G network evolution. This demand has to lead to the advent of the 5G networks to cater to the growing needs for speed, reliability, and low latency.
To fulfill the growing demand, governments of various countries are strengthening the push toward developing 5G equipment and infrastructure to lead in the 5G race. Several organizations have joined hands to research and develop new antenna technologies that can achieve a breakthrough in the 5G industry. The 5G antenna ecosystem has many budding players, thriving towards achieving new antenna technologies and products in the market. FR1 antennas and FR2 antennas are two major types of antennas in the 5G antennas market. Based on the market study conducted by BIS Research, the 5G antenna market is expected to reach around $7.0 billion by the end of 2025.
FR1 antennas are the most common type of antennas used in the 5G industry. This is due to the early spectrum allocation of sub-6GHz frequency bands in the countries compared to the mm-wave band. FR1 antennas find their applications in various 5G applications, starting from home IoT devices to industrial IoT devices connected via the 5G network.