The global tower mounted amplifier market is expected to reach US$ 2.60 billion in 2027 and is expected to grow at a CAGR of 9.4 % over the forecast period.
Globally, increasing urbanization and digitalization drives the global tower mounted amplifier market. Internet use has enhanced digitalization, which is considered one of the major factors driving the global TMA market. Using mobile data has created large data traffic that raises various problems in the network, so the tower-mounted amplifiers are used to reduce these problems.
These amplifier’s ability to reduce noise and amplify signals enhances network efficiency, strength, and connectivity. There are several companies that are investing heavily in developing new TMA-based technologies that are supposed to drive the market in the future.
The tower-mounted amplifier market was segmented as telecommunications, industrial, and retail-based on application. In 2018, the segment of telecommunications dominated the market by holding more than 45% of the market share. The segment is driven by rising demand for smartphones and increasing internet usage. Likewise, users’ demand for a high-strength network drives the segment as well. Due to the increasing development of 5G networks, the telecommunications segment is expected to be the fastest-growing segment.
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North America has a high rate of penetration of the tablet and smartphone. Advanced electronic devices such as tablets and smartphones, especially the young generation in the region, are gaining high traction among consumers. Approximately 77% of mobile phones in the US are smartphones, according to the Federal Reserve Board’s Consumer and Community Development Research Section. The use of compact electronic devices such as smartphones is projected to increase further in this region, making it imperative to deploy tower mounted amplifiers, thus boosting the market growth in this region.
Based on product type, application, channel, and region, the tower mounted amplifier market is segmented. The market is categorized as a single band, dual-band, and triple-band based on the product type. It is divided into telecommunications, industrial & retail, and others on the basis of application. It is bifurcated into direct sales and distributor based on channel. The market is analyzed in Europe, Asia-Pacific, North America, and LAMEA based on the region.