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Market Synopsis
The global rectenna market is expected to show a significant market reach during the forecast period. Rectenna is a combination of a rectifier and an antenna which is mainly used to convert electromagnetic energy or signals into electrical signals. Rectennas are powered by radio waves. These devices are still under their nascent stage and continuous research is going on to improve the configuration and capabilities of rectennas. Rectenna is an essential signal and power transmission component for wireless communication and radar communication systems. Recennas also has applications in automotive connected vehicles that enables the automobile manufacturers to enhance autonomous driving capabilities by providing features such as wireless power transmission for electric vehicles and efficient transmission of radio signals. In several applications, rectennas provide superior capabilities as compared to chip-based antennas and even patch antennas that are used in smartphones. Rectennas have the potential to be used in smartphones wherein they perform wireless charging and signal transmission simultaneously, thereby, reducing the need for different components in a smartphone.
Moreover, with the emergence of 5G, mobile bandwidth is expected to expand, ushering in a new era of immersive experience, connectivity, and efficient data transfer. 5G technology in mobile broadband services is expected to use high-frequency bands requiring robust antennas with a wider spectrum, higher traffic capacity, and faster download speeds. Thus, the demand for mobile broadband is rising, resulting in increased data transmission, high bandwidth applications, and growing adoption of rectennas for efficient communication. The 5G technology with adoption of rectennas is expected to be responsive, fast, and power-efficient, which is compelling carrier network service providers to upgrade their networks to be at par with the competition.
Key Developments
- July 2018, Fractus Antennas, a leading designer and manufacturer of chip antennas, launched an antenna booster; ALL mXTEND (FR01-S4-220). The new solution supports multi-band performance of wireless devices.
- January 2018, Antenova Ltd launched a compact antenna, M20047-1 which can be integrated with tracking devices to improve the data transmission efficiency
Segmentation
The global rectenna market has been segmented based on type, application, and region.
By type, the rectenna market has been segmented into radio frequency (RF) rectenna and optical rectenna
By application, the rectenna market has been segmented into wireless power transmission, RFID, proximity cards, contactless cards, and energy harvesting
By region, the rectenna market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
Globally, the rectenna market has been categorized into four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East and Africa and South America. Asia-Pacific led the rectenna market in 2018. However, several technological advancements by the antenna manufacturers in China, Japan, and South Korea are expected to create opportunities for local manufacturers to manufacture and cater to different application areas, as the market is still in its nascent stage. The market in North America is expected to be at the second spot for the rectenna market owing to the rich presence 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 due to the availability of manufacturing infrastructure and highly skilled workforce. The US holds nearly 70% of the rectennas market in North America. Moreover, industry automation and higher adoption of smart homes in the US creates the need for efficient data transfer which also plays a significant role in the growth of the rectenna market across the US and North America. Advancement and exponential growth in consumer electronics vertical, and the need for wireless power transmission across Asia-Pacific and Europe is one of the leading factors driving the growth of the rectennas market.
Competitive landscape
The global rectenna market is characterized by the presence of several global vendors. The rectenna system market has witnessed a trend of new product launch strategy across the regions. Many key players have adopted new product development as their chief organic strategy to gain significant market share in the market. Most of the companies have adopted an inorganic strategy to expand their businesses. The competition in the market is highly intense, with players actively competing to gain market share. Moreover, cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market.
Key Players
The key players in the rectenna market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Murata Manufacturing Co., Ltd (Japan), CoolCAD Electronics LLC (US), Nihon Dengyo Kosaku Co Ltd (China), Allis Communications (US), Antenova Ltd (UK), API Technologies Corporation (US), Ducommun Incorporated (US), AVX Antenna Inc (US), AH Systems Inc (US), AR RF/Microwave Instrumentation (US), and FURUNO Electric Co., Ltd (Japan). These players contribute significantly to market growth.
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Rectenna Market ResearchA new market study, titled “Rectenna Market Research ” has been featured on Market Research Future.Market Research Future reveals that the global rectenna market’s revenue will reach higher than the previous acquired by the year 2023.
Rectenna is essentially a signal and power transmission component that is generally used for wireless communication and radar communication systems.
At the same time, rectenna devices and its applications in connected automotive vehicles have enabled automobile manufacturers to enhance autonomous driving capabilities by offering features such as wireless power transmission for electric vehicles and efficient transmission of radio signals.
Additionally, with the advent of 5G, mobile bandwidth is expected to expand, leading to a new era of immersive experience, connectivity, and efficient data transfer.
5G technology in mobile broadband services is probable to use high-frequency bands requiring robust antennas with a higher traffic capacity, broader spectrum, and faster download speeds.
The 5G technology with the adoption of rectennas is prosperous for the market as it is fast, receptive, and power-efficient, which is compelling to upgrade networks.Rectenna Market—SegmentationThe global rectenna market as per the segmental analysis, has been segmented by type and application.In terms of type: Radio Frequency (RF) rectenna and optical rectenna are the segments.In terms of application: RFID, Wireless power transmission, contactless cards, proximity cards, and energy harvesting are the segments.Regional OutlookGlobally, the rectenna market has been studied among crucial regions such as Asia-Pacific, Europe, North America, and the rest of the world.
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