Rectenna Market Research Report - Global Forecast till 2030

Rectenna Market Research Report - Global Forecast till 2030

ID: MRFR/SEM/6708-HCR | October 2023 | Region: Bric | 111 pages

Impact of COVID-19 on the Global Rectennas Market

A rectenna is a flexible radiofrequency (RF) antenna which receives electromagnetic waves and allows wireless power transmission. The received waves further travel into semiconductors and are transformed by the rectenna into DC voltage, which is used to power electronic circuits and recharge batteries. The rising adoption of advanced technology-based consumer electronics products, including laptops, smartphones, tablets, and other portable devices, is fueling the growth of the global rectennas market. However, the electronics sector has been disrupted due to the global spread of the COVID-19 pandemic.

Governments worldwide have imposed lockdowns, which has affected most of the industrial players across the globe and forced people to stay within their homes, which, in turn, has reduced the physical interaction among people. Most companies have permitted employees to operate from their homes to ensure business continuity during the COVID-19 pandemic, which is expected to hamper the growth of the global rectennas market over the forecast timeframe. The restrictions imposed on manufacturing activities to comply with social distancing norms are likely to hamper the electronics industry, which, consequently, is expected to limit the global rectennas market share. The changing consumer behavior due to the fluctuations in the global economy will substantially influence the rectennas market over the forecasted timeframe.

Manufacturing operations in the electronics sector have been interrupted due to the COVID-19 crisis. Furthermore, the COVID-19 outbreak has resulted in the sealing of international boundaries, which has even caused a severe decline in the demand for rectennas and related products across the globe. Government authorities worldwide have enforced restrictions on travel. Hence, the market is also expected to be affected due to the decrease in the sales of rectennas. Additionally, the restrictions on public gatherings along with travel bans in several countries are expected to hinder the growth of the global rectennas market over the forecast period.

The increased focus on social distancing and personal care are likely to affect the demand for rectennas during the coming months. The spread of the pandemic has not only caused the loss of human lives but has also triggered a global economic recession. Thus, the growth of the global rectennas market has certainly slowed down but will gradually recover in the post-pandemic period.

Impact Analysis
COVID 19 Impact Rectenna Market Share