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 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.
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Market Synopsis of Smart Antenna Market:
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, 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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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Smart Antenna: Market
Variables, Trends & Scope
Chapter 4 Smart Antenna: Product
Estimates & Trend Analysis
Chapter 5 Smart Antenna:
Application Estimates & Trend Analysis
Chapter 6 Smart Antenna: End-use
Estimates & Trend Analysis
Chapter 7 Smart Antenna:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Smart Antenna: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Smart Antenna:
Manufacturers Company Profiles
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