Smart Antenna Market - Generated $4,950 Million in 2017, Anticipated to Grow at a CAGR of 7.9%
Posted: Oct 29, 2018
The global smart antenna market generated $4,950 million in 2017 and is anticipated to grow at a CAGR of 7.9% during the forecast period.
A smart antenna is a digital wireless communications antenna system that transmits or receives multiple radio frequency waves to increase data speed and reduce error rates. Smart antenna finds applications in signal processing, radar, and telecommunications. Smart antennas are categorized into SIMO (single input, multiple output), MISO (multiple input, single output), and MIMO (multiple input, multiple output). Smart antenna based on SIMO technology uses one antenna at the source and two or more antennas at the destination. In MISO technology, two or more antennas are used at the source, and one antenna is used at the destination. MIMO technology uses multiple antennas at both the source and the destination.
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The demand for smart antenna has increased owing to rising need for wireless communication services, and growing requirement for high-speed communication services. The high bandwidth requirements by consumers and businesses coupled with growing penetration of mobile devices, and increasing adoption of smart and connected devices has supported the growth of smart antenna market across the globe. The increasing need for high performing networks, and increasing application of smart antenna in smartphones further boosts the smart antenna market growth. However, high costs associated with smart antenna restrict the market growth to a certain extent.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Smart Antenna Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 owing to increasing penetration of mobile devices and presence of established telecom and cloud infrastructure in this region. The increasing trend of IoT, and growing demand for smart technologies drive the smart antenna market growth in the region.
Competitive Landscape and Key Vendors
The global smart antenna market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their smart antenna market potential in terms of geographic expansion and expansion of customer base.
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The leading companies profiled in the report include Texas Instruments Incorporated, Qualcomm Technologies, Inc., Broadcom Limited, Airgain, Inc., Motorola Solutions, Inc, Ruckus Wireless, Airgo Netwroks Inc., Interdigital communications Corp., Lucent technologies, Sierra Wireless.
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.