Need for Enhanced Network Security and Control Drives North America Private 5G/4G Antenna Market Growth
According to our latest study on “North America Private 5G/4G Antenna Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Directional Type, and Industry Vertical,” the North America private 5G/4G antenna market size was valued at US$ 284.31 million in 2022 and is expected to reach US$ 1,231.37 million by 2030. The North America private 5G/4G antenna market is estimated to record a CAGR of 20.1% from 2022 to 2030.
Organizations across various industries in the North America private 5G/4G antenna market, especially those dealing with sensitive data and critical operations, prioritize the ability to have full control over their network infrastructure. By deploying private 5G/4G antenna solutions, businesses can establish dedicated networks that are isolated from the public domain, reducing the risk of unauthorized access and potential cyber threats. This high level of security enables organizations to protect their data, maintain privacy, and ensure compliance with industry regulations.
North America Private 5G/4G Antenna Market – by Region, 2022 and 2030
North America Private 5G/4G Antenna Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Multiple Input Multiple Output (MIMO), Monopole Antenna, Planar-F antenna (PIFA), Others); Directional Type (Directional, Omnidirectional); Industry Verticals (Manufacturing, IT & Telecom, Healthcare, Transport & Logistics, Aerospace & Defense, Others)
North America Private 5G/4G Antenna Market to Grow at a CAGR of 20.1% to reach US$ 1,231.37 million from 2022 to 2030
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Source: The Insight Partners Analysis
Moreover, private networks allow organizations to implement robust security protocols tailored to their specific needs. They can employ advanced encryption techniques, access controls, and intrusion detection systems to fortify their network defenses. With complete control over network infrastructure, organizations can also monitor network traffic, detect anomalies, and swiftly respond to any security incidents. The ability to have enhanced network security and control is particularly valuable for industries dealing with sensitive information, such as healthcare, finance, and government sectors. These industries require the utmost data privacy, protection against cyber threats, and the ability to comply with strict regulatory requirements. Private 5G/4G antenna solutions empower them to establish highly secure and controlled network environments to safeguard their operations and sensitive data. In June 2022, Trend Micro Incorporated, a global cybersecurity leader, conducted a study that focused on the primary motivations driving private 5G wireless network projects. The study highlighted that improved security and privacy capabilities were the key factors that motivated organizations to adopt private 5G networks. Owing to the growing cases of cyber threats and data breaches, it has become crucial for organizations to prioritize the implementation of enhanced security measures. Private 5G wireless networks provided organizations with a higher level of control over their network infrastructure, allowing them to incorporate advanced security protocols and safeguards. In addition to security, privacy was another critical concern for organizations. Organizations were required to ensure compliance with stringent data security regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). This necessitated the implementation of privacy measures within their networks. Private 5G networks provided organizations with the ability to establish secure and isolated network environments, enhancing privacy and enabling them to meet regulatory obligations. Thus, need for enhanced network security and control drives the North America private 5G/4G antenna market growth.
Based on type, North America private 5G/4G antenna market is segmented into Planar-F antenna (PIFA), Multiple Input Multiple Output (MIMO), monopole antenna, and others. Based on directional type, the North America private 5G/4G antenna market is bifurcated into directional and omnidirectional. By industry verticals, the North America private 5G/4G antenna market is segmented into manufacturing, IT and telecom, healthcare, transport and logistics, aerospace and defense, and others. Based on country, the North America private 5G/4G antenna market is segmented into the US, Canada, and Mexico.
Telefonaktiebolaget LM Ericsson; Amphenol Corp; Antenova Ltd.; TE Connectivity Ltd; Taoglas; Cisco Systems Inc.; Panorama Antennas Ltd.; Huber+Suhner AG; Infinite Electronics International, Inc.; and Capestone BV are among the key players operating in the North America private 5G/4G antenna market.
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