What is Global TV Antennas Market?
The Global TV Antennas Market is a comprehensive study of the worldwide market trends and growth prospects, focusing on the demand and supply, cost structure, barriers and challenges, product type, key market players, technology, regions and applications. The study involves the detailed analysis of the current market trends, growth drivers and restraints that are influencing the global TV Antennas market. The report provides an in-depth analysis of the market size, growth, and share of the Global TV Antennas Market and the leading segments associated with it. The report also discusses technologies, product developments, key trends, market drivers and restraints, challenges, and opportunities. It provides an accurate forecast until 2029. The research report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This market study provides comprehensive data which enhances the understanding, scope and application of this report.
Indoor TV Antenna, Outdoor TV Antenna in the Global TV Antennas Market:
The Global TV Antennas Market is segmented into two main types: Indoor TV Antenna and Outdoor TV Antenna. The Indoor TV Antenna is designed for use inside the home and is typically smaller and less powerful than its outdoor counterpart. However, it is easier to install and is ideal for areas with strong signal strength. On the other hand, the Outdoor TV Antenna is larger and more powerful, designed to be mounted on a roof or on a pole outside the home. It is capable of receiving signals from farther away and is ideal for areas with weak signal strength. The Outdoor TV Antenna segment holds a significant share of about 65% in the global market. This is due to the fact that outdoor antennas are more effective in receiving signals, especially in rural or remote areas where signal strength is typically weak.
Residential, Commercial in the Global TV Antennas Market:
The Global TV Antennas Market finds its application in two main areas: Residential and Commercial. In the residential sector, TV antennas are used in homes to receive over-the-air broadcast signals from local television stations. They are a cost-effective alternative to cable or satellite TV subscriptions, providing access to free-to-air channels. In the commercial sector, TV antennas are used in businesses, hotels, and other establishments to provide television service to multiple rooms or units. The residential segment accounts for about 75% of the global share, indicating that the majority of TV antennas are used in homes. This is likely due to the fact that over-the-air television is a popular choice for homeowners looking to cut the cord and save money on their monthly TV bill.
Global TV Antennas Market Outlook:
The Global TV Antennas Market is projected to grow at a steady pace in the coming years. As of 2022, the market was valued at US$ 492.2 million. It is expected to reach a value of US$ 656.8 million by 2029, growing at a CAGR of 4.1% during the forecast period of 2023-2029. The outdoor TV antenna segment holds a significant share in the market, accounting for about 65% of the total. Similarly, the residential application segment also holds a major share, accounting for about 75% of the global market. These figures indicate a strong demand for TV antennas, particularly in the residential sector and for outdoor use. The growth of the market can be attributed to the increasing number of cord-cutters who are opting for over-the-air television as a cost-effective alternative to cable or satellite TV.
| Report Metric | Details |
| Report Name | TV Antennas Market |
| Accounted market size in 2023 | US$ 517 million |
| Forecasted market size in 2029 | US$ 656.8 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Antop Antenna, Antennas Direct, VOXX Accessories Corp, Best Buy, Winegard, Channel Master, Marathon, 1byone, LAVA Electronics., KING, ONN, Mediasonic, Rocam |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
