The global Luneburg lens antenna market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Luneburg lens is a type of passive radar augmentation device which is deployed to increase the radar reflectivity of a target without the use of additional energy. The market growth is majorly attributed to the innovation and the upgradation of the technologies in the telecom and IT sector. The changing landscapes of the ICT industry have brought multifaceted growth in the market as the Luneburg lens finds substantial application in the ICT vertical.
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The emergence of the 5th generation or the 5G technology, ICT4SDG infrastructure, multimedia, content and apps, Sustainable Development Goal 9 (SDG9), and among others are the major contributing factors that fuel the market growth. There is also anticipated to be the rising necessity for both enhanced mobile broadband (eMBB) and ultra-reliable low latency communications (URLLC) to fulfill diverse industrial and market needs. Moreover, factors such as increasing data traffic, emergence of citizens broadband radio service band, and the need to minimize CAPEX and OPEX are acting as driving factors for the rising adoption of 5G technology in various emerging economies. This is further anticipated to act as a major factor in the market growth.
Some key players operating in the market include Tongyu Communication Inc., Lunewave Inc., and Eahison communication co., Ltd., among others. These players are eyeing to strengthen their position in the market by adopting strategies such as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on.
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Market Coverage
- Segment Covered-
o By Application
o By Deployment Model
o By End-User
- Competitive Landscape: Tongyu Communication Inc., Lunewave Inc., and Eahison communication co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Luneburg Lens Antenna Market Report Segmentation
By Product
- 15 dBi
- 20 dBi
By Application
- Civil Use
- Military Use
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