Smart Antenna Market to Undergo a Steady Growth Through 2025
Growing demand for wireless
communication and need for high-speed communication networks are some major
factors driving the growth of global smart antenna market.
According
to TechSci Research report, “Global Smart
Antenna Market By Technology (SIMO, MIMO, MISO), By Type
(Switch Multibeam Antenna v/s Adaptive Array Antenna), By Application
(Technological v/s Cellular), By Region, Forecast & Opportunities, 2025”, the market
is expected to witness a significant growth during the forecast period. Key
factors propelling the growth of global smart antenna market are growing demand
for wireless communication and need for high-speed communication networks. In
addition to this, increasing investments and new product launches by key manufacturers
operating in the market are also acting as a major factor the market growth.
The smart antenna market is witnessing high demand from various end user
industries such as defense, infrastructure, among others for wireless
communication which is anticipated to further augment the market growth over
the next five years. Moreover, the increasing need for faster data transmission
is also playing an instrumental role in the growth of global smart antenna
market. The various benefits of using smart antennas including customization of
data signals according to user needs is further attracting new consumers.
Additionally, rapid development in developing economies
and advancement of technologies are expected to provide lucrat5ive growth
opportunities for global smart antenna market. Apart from this, smart antennas
are also finding wide application in smartphones which has increased the
penetration and growth of market globally. However, high manufacturing and
maintenance costs of smart antennas are likely to hamper the market growth in
coming years.
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The global
smart antenna market is segmented based on technology, type, application, and
region. Based on technology, the market can be categorized into SIMO, MIMO and
MISO. Among them, the MIMO technology is expected to dominate the market during
the forecast period on account of its high spectral efficiency, reliability and
link diversity. Moreover, MIMO technology is a combination of MISO and SIMO and
offers both the facilities without incurring any additional costs in terms of
bandwidth and transmission of power. However, the SIMO technology is also expected
to hold a significant market share through 2025 owing to its widespread use in
WLANs and digital communication systems.
Based
on application, global smart antenna market can be bifurcated into
technological and cellular. Among them, the cellular segment is expected to
dominate the market during the forecast period owing to the increasing use of
smart antennas in smartphones.
Leading players operating in the global smart antenna market are Advanten,
Sierra Wireless, Airgain, Inc., Airgo Networks Inc., AirNet Communications
Corporation, CommScope Inc., Arraycom LLC, Bandspeed Inc, Bluesocket and Broadcom
Corp, among others. Major companies are adopting growth strategies such as
mergers & acquisitions, expansions, and partnerships to strengthen their
market position. For instance, in 2017, Airgain Inc. acquired Antenna Plus in
order to improve its mobile and automotive fleet applications in government,
public safety and industrial sectors.
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“North America is expected to dominate the overall smart
antenna market during the forecast period owing to the early adoption of
technologies such as 4G and 5G and well established wireless communication
infrastructure in the region. However, Asia Pacific market is expected to grow at
a faster pace through 2025 on account of increasing number of connected devices
in the region coupled with the growing investments by various governments
especially in countries like China and India,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Smart Antenna Market By Technology (SIMO,
MIMO, MISO), By Type (Switch Multibeam Antenna v/s Adaptive Array Antenna), By Application
(Technological v/s Cellular), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of smart
antenna market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global smart antenna market.
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