Transparency Market Research (TMR) has published a new report, titled
“Smart Antenna Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023.” According to the report,
the global smart antenna market is projected to expand at a healthy
CAGR of 8.50% during the forecast period from 2015 to 2023. In 2014,
the global smart antenna market was estimated at US$14.7 bn and by
2023, the market is expected to be worth US$30.1 bn.
Smart antennas are multi-element antennas capable of receiving
signals at each element. These signals are combined and managed
smartly to enhance the performance of a wireless system. Smart
antennas are capable of suppressing interfering signals, boosting the
signal range, and combating signal fading. Companies in the global
smart antenna market will benefit from the multipronged technological
advancement in cellular networks. One such development is the use of
smart antennas in upcoming 5G technology, which is projected to boost
the demand for smart antennas significantly.
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The global smart antenna market is driven by the rising demand for
smart antennas required in wireless communication. Furthermore, the
growing application of smart antennas in smartphones will also fuel
the global smart antenna market. Nevertheless, the cost and design
issues associated with smart antennas will continue to challenge the
global smart antenna market during the forecast period.
Broadly, the global smart antenna market is segmented on the basis of
product type, technology type, application type, and geography.
According to product type, the global smart antenna market is
bifurcated into adaptive array antennas and switched multibeam
antennas. In 2014, the adaptive array antennas segment stood out as
the largest contributor to the market. This segment is projected to
continue its dominance during the forecast period. Nevertheless, the
switched multibeam antenna segment is projected to witness
significant growth during the forecast period as these systems offer
a significant gain in capacity and coverage as compared to
conventional antennas.
On the basis of technology type, the global smart antenna market is
classified into MISO (multiple input single output), MIMO (multiple
input multiple output), and SIMO (single input multiple output). The
cellular systems segment led the global smart antenna market in 2014.
This segment is expected to witness steady growth during the
forecasting horizon. Application-wise, the global smart antenna
market is divided into RADAR, cellular systems, WiMax systems, Wi-Fi
systems, and others.
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Regionally, the global smart antenna market is segmented into North
America, Asia Pacific, Europe, and Rest of the World (RoW).
Presently, North America is leading the global smart antenna market,
followed by Europe. According to the report, the North America
segment will continue to dominate the global smart antenna market
during the forecast period. The North America segment is driven by
the high demand for faster data transmission in modern communication
systems along with high-speed web browsing and downloading. This
trend is pushing companies in this regional market to advance the
efficiency of wireless transmission, which has elevated the
consumption of smart antennas in Canada and the U.S.
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company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
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material for business reports.
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