According to a report published by Grand View Research, Inc.; the smart antenna market is likely to reach a valuation of around USD 8.95 billion by 2025.
Rising need for high-speed communication network and escalating demand for wireless communication are expected to drive the market during the forecast period (2014 to 2025).
Various advantages offered by these antennas such as easy flow of data, prevention of co-channel interference, customized data paths, and error-free communication are likely to increase their demand in the coming years. In addition, these antennas can also offer many benefits including range extension, multiple access interference, power control, multipath management, and reduction in the fading of signals. These advantages help to improve the overall efficiency of wireless communication. Rising demand for advances technology in emerging technologies are likely to spur product demand in the coming years.
However, high manufacturing, maintenance, and implementation costs are likely to restrain the market growth. Involvement of numerous technical issues in implementation of these antennas have led to increase in cost for engineering and maintenance. The cost of antennas also increases according to capacity per base station.
Full Research Report On Smart Antenna Market Analysis: https://www.grandviewresearch.com/industry-analysis/smart-antenna-market
Worldwide smart antenna market can be segmented on the basis of application, technology, and region. Based on technology, the market can be split into single input multiple output (SIMO), multiple input single output (MISO), and multiple input multiple output (MIMO).
The MIMO segment is expected to lead the market over the forecast period. The segment is expected to estimate more than 55.0% of total revenue through 2025. This growth can be associated to growing adoption of smart and wireless devices, and its competence to provide facilities of SIMO and MISO. The MIMO does not require extra costs for bandwidth and power transmission. The SIMO segment is anticipated to grow on account of growing use in mobile communication systems, digital communication systems, wireless local area network (WLANs), and metropolitan area network (MANs). The MISO technology is employed for reducing errors and enhancing the speed of data transmission and for signal customization.
As per application, the market can be bifurcated into Wi-Fi Systems, cellular systems, WiMAX Systems, and RADAR systems.
In 2016, cellular systems segment dominated the market and expected to maintain its position over the forecast period due to increasing adoption in smartphones. This segment is likely to exhibit a CAGR of 5.6%. The WiMAX systems segment is projected to grow swiftly over the estimated period.
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The system provides flexibility to operators in order to manage fixed and mobile communication devices. It also helps to reduce the interference of narrow beam operation. The Wi-Fi systems segment is anticipated to grow at significant rate owing to high adoption of smart devices and wireless networks.
Geographically, the market can be divided into North America, Europe, Asia Pacific, and Rest of the World (ROW).
In 2016, North America estimated for the major market share. This region is likely to maintain this trend over the forecast period due to thriving smartphone market and existence of high-quality wireless communication systems. In addition, presence of established players and early utilization of the advanced technologies in several sectors have also contributed to growth in this region.
The emerging countries in regions including Latin America, Asia Pacific, Middle East & Africa are anticipated to display significant growth during the forecast period. Factors such as increasing use of internet and smartphones, growing government investments to implement advanced technologies and growing smart city projects and adoption of IoT are expected to increase product demand in these regions.
Some of the leading players operating in the market include Motorola Solutions, Inc.; Intel Corporation; Qualcomm Technologies, Inc.; Texas Instruments Inc.; and Broadcom Limited. Prominent manufacturers are mainly emphasizing on providing upgraded and advanced solutions. Companies are making high investments on research and development (R&D) to develop innovative solutions and gain advantage over competitors. Players have also carried out strategies such as partnerships, expansions, and mergers and acquisitions to keep their presence in the market.
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