2nd April 2020 – Global
Smart Antenna Market is expected to reach USD 8.95 billion by 2025 at a
significant CAGR as the scope and its applications are rising enormously
across the globe. Smart Antenna is also termed as multiple antennas,
adaptive array antennas or digital antenna arrays. This antenna is a
digital wireless communication antenna system that takes benefit of
variety of effects at the receiver, transmitter, or both. Multiplicity
effect includes the broadcast and/or reception of numerous radio
frequency (RF) waves to raise data speed and decrease the error rate.
The smart antenna market is expected to grow at a CAGR of 8.2% in the
forecast period.
Rising demand for wireless communication
and high speed communication network, allows customization of data
signals, and rapid urbanization are documented as major factors of smart
antenna market that are estimated to enhance the growth in the years to
come. However, high maintenance and manufacturing costs may restrain
overall market growth in the coming years. Smart antenna industry is
segmented based on technology, applications, and region.
Highly used enhanced technology includes
Multiple Input Single Output (MISO), Single Input Multiple Output
(SIMO), Multiple Input Multiple Output (MIMO), and others that could be
explored in Smart Antenna in the forecast period. The MIMO segment
accounted for the largest market share and is estimated to lead the
overall market in the coming years. Also, the sector is estimated to
grow at highest CAGR in the upcoming period. This may be because it
delivers facilities like SIMO and MISO and requires no extra cost of
transmission of power and bandwidth. In addition, SIMO is estimated to
grow at fastest pace in the coming years. However, MISO technology is
mainly used to reduce the errors and advance the speed of data
transmission and allows the customization of signals.
The market may be categorized based on
applications like, RADAR systems, Wi-Fi Systems, cellular systems, WiMAX
systems, and others could be explored in the future period. The
cellular systems application accounted for the largest market share and
is estimated to continue its dominance until 2025. This may be because
of growing usage of smart antennas for smartphones. In addition, a WiMAX
system is estimated to grow at fastest pace in the years to come. The
system reduces the hindrance of narrow beam operation and provides
flexibility to operators by allowing management of fixed and mobile
communication devices.
Globally, in 2016, North America
accounted for the largest market share of Smart Antenna and is estimated
to lead the overall market in the coming years. The reason behind the
overall market growth could be thriving market for smartphones, presence
of key manufacturers in the region and existence of superior wireless
communication systems. Also, acceptance of latest technologies and
speedy developments in various sectors may boost market growth in this
region. The United States is major consumer of Smart Antenna in this
region.
Instead, Europe and the Asia Pacific are
also estimated to have a positive influence on the future growth. Europe
is the second largest region with significant market share. However,
Asia Pacific is estimated to grow at fastest pace with the highest CAGR
in the foremost period. The aspects that may be ascribed to the growth
comprise government initiative in IoT like building smart cities that
needs highly advanced networking infrastructure, growing urbanization,
and rising investments in enhanced technologies. The developing
countries like India and China are the major consumers of Smart Antenna
in this region.
The key players of Smart Antenna Market
are Texas Instruments, Airgain Inc., Telstra, Broadcom Limited, Qualcomm
Technologies Inc., Intel Corporation, and Motorola Solutions Inc. These
players are concentrating on inorganic growth to sustain themselves
amongst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
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