Press release
Smart Antenna Market to Reach Around US$ 10,172.7 Million by 2026
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Increasing Popularity of Smartphones to Drive Growth of the Smart Antenna Market
Growing popularity of smartphones is ultimately resulting in high demand for smart antennas worldwide. Smartphones 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. Huge investments and advancements in technology are boosting the demand for smartphones globally. The growing requirement of quick data transmission and high speed of downloading and web browsing will continue to create heightened demand for smart antennas.
Rise in the Adoption ofMIMO (Multiple Input Multiple Output) Technology to Drive Market Growth
By technology, the smart antenna market has been segmented into SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output), and MISO (Multiple Input Single Output). Due to its higher spectral efficiency and link reliability or diversity, MIMO has evolved to become an important part of modern wireless communication standards such as HSPA+ (3G), Long Term Evolution (4G), WiMax (4G), and IEEE 802.11n (WiFi). MIMO held the largest share of the market in 2017.
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By type, the smart antenna market is classified as switched multibeam antenna and adaptive array antenna. In 2014, adaptive array antenna was the largest contributor to the market. Dominance of the market by adaptive array antennas is expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecast period. Switched beam antenna systems offer significant increase in capacity and coverage as compared to conventional antenna based systems.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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