Smart Antenna Market to Reach USD18.35 Billion By 2026
Increasing wireless communications, industrial
automation, robotics, and self-driven vehicles to drive the growth of the global smart antenna market through
2026.
According to TechSci Research report, “Global Smart Antenna Market By Technology (SIMO,
MIMO and MISO), By Type (Switch Multibeam Antenna and Adaptive Array Antenna),
By Application (Technological and Cellular), By Region, Competition, Forecast
& Opportunities, 2016-2026”, the global smart antenna market was valued at
USD8.49 billion in 2020 and is expected to grow at a CAGR of 13.92% during the
forecast period owing to the rising demand for wireless communications, industrial
automation and robotics across the globe. High
speed broadband connectivity, increased satellite communications, terrestrial
TV networks, military communications, etc. are further propelling the market. However, increased implementation
costs and large sizes are expected to hamper the market growth during the
forecast period.
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The global
smart antenna market can be segmented based on technology, type, application, and
region. Based on technology, the market can be segmented into SIMO, MIMO, and
MISO. The MIMO segment held 48.01% share in 2020 and is expected to grow at a
CAGR of 14.58% in the future. In terms of type, the market can be bifurcated
into switched multibeam antenna and adaptive array antenna. In 2020, the switch
multibeam antenna segment dominated the market with a share of 51.29% and is
expected to decrease in the upcoming years due to the adoption of adaptive array
antennas which provide a better signal quality and range. Based on
applications, the market can be segmented into technological and cellular. The cellular
segment captures the market and had a share of 52.77% in 2020. It is expected
to dominate the market in the forecast period as well with a share of 53.28% in
2026 due to increasing mobile communication usage.
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Ericsson, Huawei Technologies
Co. Ltd., Sierra Wireless Inc., Nokia Corporation Qualcomm Technologies Inc.,
Xilinx Inc., Airgain Inc., CommScope Inc., ZTE Corporation, Samsung Electronics Pvt Ltd are among the leading players operating in the
global smart antenna market. Companies operating in the market are using strategies such as product advancement through the addition
of new features, mergers, and collaborations to boost their share.
“North America accounted for the highest share of 26.86% in 2020 due to
widespread adoption of 5G in industries as well as for communication purposes,
the region is expected to dominate the market in the forecast period as well. However,
Asia-Pacific is expected to be the fastest growing region with a CAGR of 14.56%
during the forecast period. Countries falling under the Asia-Pacific region
like China, Japan and South Korea have done huge investments in R&D and are
technologically well versed. Also, with the advent of 5G technology, which
provides high reliability and security, real time monitoring, and low latency in
the industrial as well as healthcare sector, the demand for smart antennas in
the region is likely to increase in the upcoming future.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Smart Antenna
Market By Technology (SIMO, MIMO and MISO), By Type (Switch Multibeam Antenna
and Adaptive Array Antenna), By Application (Technological and Cellular), By
Region, Competition, Forecast & Opportunities, 2016-2026” has
evaluated the future growth potential of the global smart antenna market and
provides statistics and 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 the global smart antenna market.
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