Press release
Smart Antenna Market - Increase the Efficiency of Wireless Transmission this is Positively Impacting the Growth
These antennas are capable of increasing the signal range, suppressing interfering signals, combating signal fading and as a consequence increasing the capacity of a wireless system.
The global smart antenna market is primarily driven by factors such as increasing demand for smart antennas in wireless communication and increasing application of smart antennas in smart phones.
Smartphone have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, internet applications, inbuilt GPS capabilities and high data processing capabilities.
Moreover, growing need for faster data transmission in modern communication systems with high speed downloading, optimized evolution data and web browsing has forced companies to increase the efficiency of wireless transmission this is positively impacting the growth of the global market. Considering these positive factors, the demand for smart antenna is set to rise during the forecast period from 2015 - 2023.
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Based on technology, the global smart antenna market can be segmented into three segments, namely, SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output) and MISO (Multiple Input Single Output).
MIMO (Multiple Input Multiple Output) garnered the maximum revenue in 2014. The major functions of MIMO can be divided into three main categories, namely: pre-coding, spatial multiplexing and diversity coding. In addition, MIMO has the dual capability of both SIMO and MISO technologies.
Due to this, MIMO technology has a significant advantage of increased capacity, when compared to its SISO and MISO counterpart. This is the reason why this technology is becoming ubiquitous in all wireless communication systems, in the form of Massive MIMO and Cooperative MIMO.
By types market is classified into switched multi beam antenna and adaptive array antenna. Adaptive array antenna dominated the market in 2014 and accounted for a substantial share of the overall market. The key growth driver of these types is increasing demand for smart antennas in wireless communication.
On the basis of applications, the global market is divided into five segments, namely: Wi-Fi systems, WiMax systems, cellular systems, RADAR and others. Smart antennas are notably used in radio astronomy, radio telescopes, track and scan radar, acoustic signal processing and vastly in cellular systems such as Universal Mobile Telecommunications System (UMTS), Long Term Evolution (LTE) and Wideband Code Division Multiplexing Access (W-CDMA). Due to this cellular systems segment is expected to dominate the market throughout the forecast period of 2015 – 2023.
Smart antenna market has been further segmented into four regions: North America, Europe, Asia Pacific and Rest of the World (RoW). Among all the regions, in terms of revenue, North America held the largest market share of 30.4% in 2014, followed by Europe. This trend is expected to be the same over the forecast period. These two regions conjointly held more than 50% of the global smart antenna market in 2014.
Enhancing capability in terms of range, capacity and coverage and rising applications in technologies such as ultra wideband and radio frequency identification among others these are the key factors primarily driving the market. Asia Pacific is projected to be the fastest growing region during the forecast period.
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