Global Small Cell Power Amplifier Market Report published by Variant Market Research, forecast that the global market is expected to reach $7 billion by 2024 from $1.4 billion in 2016, growing at a CAGR of 21.9% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 23.7%, and 22.9% respectively, during the forecast period.
Growth in percentage of internet users, increased demand for smartphones & wireless devices, and typical network slowdown are the major factors driving the global small cell power amplifier market. Moreover, increasing instances of urban canyons across the world has led to congested data traffic, supplementing the growth of the global smart cell power amplifier market. However, increasing installation of macro cell base stations is expected to restrain the market growth in the coming years. Increasing consumer awareness towards smooth and comfortable data transmission would provide several growth opportunities for the market in the coming years.
By end user, the small cell base station accounted for the largest market share in 2016, and is expected to continue its dominance during the forecast period, i.e., 2016 - 2024. 36dB was the maximum revenue generating segment by gain in amplifier. Geographically, the market is categorised into North America, Europe, Asia-Pacific and Rest of the World (RoW).
North America accounted for the largest market share of 31% in 2016, owing to high internet penetration and huge consumer base in the region. Asia-Pacific accounted for the second largest market share of 30.1%. In terms of growth, Asia-Pacific is to attain the fastest CAGR of 23.7% during the forecast period, i.e., 2016 - 2024, owing to growing urbanization and rise in educated consumers.
The major players in the market include NXP Semiconductor, Broadcom Corporation, Qorvo Inc., Anadigics Inc., RFHIC Corporation, TekTelic Communications Inc., and Texas Instrument, among others.