The Global Smart Antenna Market size is expected to reach $11.4 billion by 2028, rising at a market growth of 9.6% CAGR during the forecast period.
Smart antennas are utilized in digital wireless communication systems to improve efficiency. It operates by taking use of the diversity impact at the source and destination transceivers of the wireless system. The phrase "diversity effect" involves the broadcasting and reception of many radio frequencies to reduce data communication error while also increasing data speed among the source and destination.
This technique is already being utilized in most wireless communication systems, where dedicated antenna arrays are combined with signal processing algorithms to detect and track various wireless objects like mobile phones. It's also utilized to figure out the signal's beam making vectors & direction of arrival [DOA].
The key distinction is in how both systems handle difficulties induced by multipath wave propagation. Whenever a wireless signal is delivered over a long distance, this could encounter numerous obstacles such as big buildings, mountains, and utility wires. As a result, the wave fronts of these signals will be fragmented and travel different courses to reach the receiver. A method known as Single input Single output [SISO] is utilized in a traditional wi-fi communication system, in which Single antenna is linked to the source and the other to the destination. Whenever signals arrive late at their destination, they could be faded, cut-out, or have other frequent communication issues, such as picket fencing.
The sector has also opened up chances for production and maintenance systems to keep the items in good working order. Product development is gradual & directly proportional to technological improvements in this market because it is a technical business. The market is mostly focused on the commercial sector and has a broad range of applications.
As a consequence of the COVID-19 pandemic outbreak, the smart antenna was severely damaged. During the early phases of the pandemic, the technology was in high demand because it allowed for secure and quick remote work solutions; however, manufacturing of smart antennas was hampered as a result of lockdowns or factory closures. But, since then, the market has taken advantage of the crisis to grow into hitherto untouched areas. Flexibility for future frequencies has also been added to the market, attempting to make items more durable and appealing.
As warfare & battlefield management have evolved, the need to upgrade traditional military equipment has grown. To keep up with technological improvements on the battlefield, defensive systems must be modernized, and this demand is expected to move the industry ahead. Modernization aims to raise quality, close capacity gaps, and reduce total costs. Military system advancements like as tactical radar systems, travelling wave antennas, moveable tactics, loop antennas, light weapons, updated antennas, and other goods have seen a rise in major contracts between key defense businesses and the US government.
Manufacturers have been concentrating on developing new goods for certain applications due to the fact that demand varies depending on the application. Smart antennas have become increasingly popular in the automotive industry as they improve the overall performance of wireless communication by delivering benefits like power control, range extension, multiple access interference, signal fading reduction, and multipath management. Additionally, as vehicle networking technology advances and the electric car market expands, the need of smart antennas may grow even more.
Smart antennas are used for a variety of applications, including surveillance and communication, electronic warfare, and others. With the advancement of technology in defence equipment, the antenna must be developed for interoperability with other devices. Unfortunately, antenna technology R&D is expensive owing to its complexity in design and high development expenses. The development, implementation, and management of this equipment across segments are all exceedingly expensive. As a result, these factors are expected to have a negative impact on market growth.
Based on application, the smart antenna market is divided into Wi-Fi Systems, WiMAX Systems, Cellular Systems and RADAR Systems. The cellular systems segment procured the highest revenue share in the smart antenna market in 2021. Cellular systems are the most common use for smart antennas. WiMAX, RADAR, and Wi-Fi networks are some of the other popular uses for smart antennas. To improve signal strength & quality, smart antennas utilize a cluster of input & output antennas. This method was widely used to implement 4G and 5G networks using smart antennas.
On the basis of technology, the smart antenna market is classified into SIMO (Single Input & Multiple Output), MIMO (Multiple Input & Multiple Output) and MISO (Multiple Input & Single Output). SIMO segment recorded a substantial revenue share in the smart antenna market in 2021. This approach employs a Single antenna at the origin and several antennas at the recipient. In addition, there are many companies that are increasingly investing in R&D activities in order to introduce various products and solutions.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 6.1 Billion |
| Market size forecast in 2028 | USD 11.4 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 9.6% from 2022 to 2028 |
| Number of Pages | 191 |
| Number of Tables | 273 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Technology, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the smart antenna market is analyzed across North America, Europe, Asia Pacific and LAMEA. North America emerged as the leading region in the smart antenna market with the maximum revenue share in 2021. Due to strong smartphone penetration and high-level 5G smart antenna requirements, the region is functioning well. Owing to early adoption, the industry has a well-established foundation of important companies in the North American region. Rapid technological development and implementation has also led to a high year-over-year performance in the region.
Free Valuable Insights: Global Smart Antenna Market size to reach USD 11.4 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Intel Corporation is the forerunner in the Smart Antenna Market. Companies such as Broadcom, Inc., Texas Instruments, Inc. and Qualcomm, Inc. are some of the key innovators in Smart Antenna Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Texas Instruments, Inc., Intel Corporation, Sierra Wireless, Inc., Airgain, Inc., Qualcomm, Inc., Broadcom, Inc., Telstra Corporation Limited, Trimble, Inc., Motorola Solutions, Inc., and Linx Technologies.
By Application
By Technology
By Geography
The global smart antenna market size is expected to reach $11.4 billion by 2028.
Rise In The Use Of Smart Antenna In Automotive Sector are driving the market in coming years, however, Huge Cost Attached To Smart Antenna limited the growth of the market.
Texas Instruments, Inc., Intel Corporation, Sierra Wireless, Inc., Airgain, Inc., Qualcomm, Inc., Broadcom, Inc., Telstra Corporation Limited, Trimble, Inc., Motorola Solutions, Inc., and Linx Technologies.
The expected CAGR of the smart antenna market is 9.6% from 2022 to 2028.
The Multiple Input & Multiple Output (MIMO) segment acquired maximum revenue share in the Global Smart Antenna Market by Technology in 2021, achieving a market value of $6.5 billion by 2028.
The North America Market dominated the Global Smart Antenna Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.8 billion by 2028.
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