Global SmartAntenna 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 rise 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.
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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, WiMAX
systems 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.
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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.
Market Segment:
Smart Antenna Application Outlook
(Revenue, USD Million, 2014 - 2025)
• Wi-Fi Systems
• WiMAX Systems
• Cellular Systems
• RADAR Systems
Smart Antenna Technology Outlook
(Revenue, USD Million, 2014 - 2025)
• SIMO
• MIMO
• MISO
Smart Antenna Regional Outlook
(Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• Japan
• Rest of the World
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