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.
Major factors driving the global small cell power amplifier market include rising demand for smartphones, increase in percentage of internet users and typical network slowdown. Furthermore, enhancing the progress of the worldwide smart cell power amplifier market and increasing illustrations of urban canyons across the globe has led to congested data traffic boosting the growth of the market. However, rising installation of macro cell base stations is anticipated to hinder the market growth in the coming years. Rise in customer awareness towards comfortable and smooth data transmission would provide several growth opportunities for the market in the upcoming years.
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By end user, the small cell base station holds the major market share in 2016, and is anticipated to continue its growth during the forecast period 2016–2024. 36dB was the maximum revenue generating segment by gain in amplifier. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW)
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North America accounted for the largest market share of 31% in 2016, owing to huge consumer base and high internet penetration in the region. Asia-Pacific accounted for the second largest market share of 30.1%. In terms of growth, Asia-Pacific is to grow at the fastest CAGR of 23.7% throughout the forecast period 2016–2022. The growth is majorly seen due to intensification in educated consumers and growing urbanization.
Market players have used numerous strategies to increase their presence in the market. Top market players in the global small cell power amplifier market include Broadcom Corporation, NXP Semiconductor, RFHIC Corporation, TekTelic Communications Inc. Qorvo Inc., Anadigics Inc., and Texas Instrument, among others.
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