Smart Antenna Market Overview
The global smart antenna market size was valued at USD 4,486.1 million in 2016 and is expected to reach USD 8.95 billion by 2025, at a CAGR of 8.2% from 2018 to 2025.
The smart antenna helps in improving the quality of wireless communication by managing signals received and reducing errors. Growing demand for wireless communication and soaring need for high-speed communication networks are the key trends promoting the market growth. The heightened need for faster data transmission has also played an instrumental role in increasing the demand for smart antennas in the last few years. Benefits provided by smart antennas include multiple access interference, range extension, power control, reduction in the fading of signals, and multipath management. A smart antenna enhances the overall performance of wireless communication.
Gather more insights about the market drivers, restrains and growth of the Global Smart Antenna Market
Smart antennas allow the customization of data signals according to user needs, which enhances work efficiency. Demand for smart antennas is expected to gain further traction due to rapidly developing economies that require the latest technologies. However, high manufacturing and maintenance costs are anticipated to restrain the growth of the market.
Smart antenna implementation involves several technical issues. Costs associated with engineering and maintenance are also high. Costs of smart antennas increase with a rise in capacity per base station.
Smart Antenna Market Segmentation
Based on the Application Insights, the market is segmented into Wi-Fi Systems, WiMAX Systems, Cellular Systems and RADAR Systems.
- In 2016, cellular systems led the market. The segment will continue to dominate the market until 2025 due to the rising usage of smart antennas for smartphones.
- The WiMAX systems segment is estimated to be the fastest-growing segment over the forecast period. The system enables the management of fixed and mobile communication devices by providing more flexibility to operators.
Based on the Technology Insights, the market is segmented into SIMO, MIMO and MISO
- The MIMO segment is poised to expand at the highest CAGR over the forecast period due to its ability to offer facilities of both MISO and SIMO. MIMO is highly preferred, as it does not incur any additional costs of bandwidth and transmission of power.
Based on the Smart Antenna Regional Insights, the market is segmented into North America, Europe, Asia Pacific and Rest of the World.
- North America dominated the market in 2016. The region has significantly contributed to the adoption of smart antennas due to the presence of strong players. Early adoption of the latest technologies in various sectors and rapid developments has also contributed to the growth of the market in North America.
- The market is expected to witness significant growth in developing countries of Asia Pacific, Latin America, and Middle East & Africa. Governments in these regions are increasing investments in advanced technologies and initiatives such as IoT and smart cities, which will require enhanced networking infrastructure.
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Market Share Insights:
- 2017: Airgain Inc. acquired Antenna Plus to enhance its mobile and automotive fleet applications in government, public safety, and industrial IoT domains.
- 2016: Motorola Solutions, Inc. acquired Spillman Technologies, a move that helped expand the former’s software portfolio.
Key Companies Profile:
Key smart antenna manufacturers are primarily focusing on providing updated and advanced solutions. They have increased their spending on research & development to create innovative solutions and gain strategic advantages over their competitors.
Some prominent players in the global Smart Antenna market include
- Airgain
- Broadcom Limited
- Intel Corporation
- Motorola Solutions, Inc.
- Qualcomm Technologies, Inc.
- Telstra
- Texas Instruments Inc.
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