Global Rectenna Market
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- Published date: February 15, 2021
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- Pune, Pune, Maharashtra, India
Global Rectenna Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 12% during forecast period.
Rectenna provides some benefits such as unlimited lifespan and non-polluting antennas, which is ultimately propelling the growth of market.However, slow designing process and relatively high cost of optical rectenna is major restraining factor that could hamper the growth of market. Also lack of awareness about rectifying antennas for various uses could hinder the growth of market.
Global Rectenna Market: Segmentation Analysis
By application, wireless power transmission (WPT) segment dominated the market in 2019 and is projected to witness steady growth at CAGR of XX% during forecast period. The growth is attributed to the increasing demand of wireless charging solutions for Smartphone’s. WPT is used to transfer the electrical power without using wires as a physical link. The WPT technology using rectenna reduces the use of the batteries and wires; therefore it increases the convenience, mobility and safety of a consumer electronic device for all users, which is driving the growth of market.
Use of WPT technology for solar power satellites to convert the solar power into RF signals again to convert it into DC power using rectifying circuits is expected to improve the growth of global rectenna market during forecast period. Also, rectennas are widely used to charge batteries remotely in numerous sensor networks at IoT applications such as in implanted medical devices, smart buildings and automotive applications, which is ultimately propelling the growth of market.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Rectenna Market dynamics, structure by analyzing the market segments and projects the Global Rectenna Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Rectenna Market make the report investor’s guide.
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