According to the latest report by IMARC Group, titled "Smart Antenna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global smart antenna market reached a value of US$ 5.4 Billion in 2021. A smart antenna can adapt or adjust its beam pattern according to the desired criterion. It offers numerous benefits, such as higher capacity, spectral efficiency and extended coverage and range. It is used to transmit and receive multiple radio frequency (RF) waves to increase data speed and reduce the error rate. It can also be used with smart signal processing algorithms to facilitate wireless communications. It connects the signals from multiple receivers and controls the transmission and reception of signals, capacity, and coverage in mobile wireless networks. Increased capabilities, higher power efficiencies and higher noise cancellation characteristics are some of the significant upgrades that are projected to be observed with the smart antenna systems in the coming years. It finds widespread applications across various industries, including telecommunication, information technology (IT), automotive and defence.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Smart Antenna Market Trends:
The global market is majorly driven by an increasing number of wireless devices. In line with this, the rising demand for vehicle safety communication measures and enhanced military communications are positively influencing the market. Furthermore, the growing prominence of industrial automation and robotics is catalyzing the market. Apart from this, the escalating demand for high-quality communications are propelling the market. Moreover, the rapid expansion of smart cities and the increasing construction of smart buildings across the globe are offering numerous opportunities for the smart antenna market. Besides this, the widespread demand for cellular networking and the rising need for faster data processing is strengthening the market. Additionally, significant growth in the IT industry and the launch of automotive smart antennas are providing a thrust to market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 8.9 Billion by 2027, exhibiting a CAGR of 8.8% during 2022-2027.
- On the basis of the technology, the market has been segmented into SIMO, MIMO, and MISO.
- Based on the application, the market has been classified into Wi-Fi, WiMAX, cellular, and RADAR systems.
- On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include ADTRAN Inc, Airgain Inc., AirNet Communications Corporation, Arraycom LLc, Intel Corporation, Linx Technologies, Motorola Solutions Inc, Qualcomm Incorporated, Sierra Wireless, Telstra Corporation Limited, Texas Instruments Incorporated and Trimble Inc.
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