Press release
Global 5G Smart Antenna Market Forecast Based on Major Drivers & Trends Up to 2020
5G Smart Antenna Market – Introduction5G network is expected to improve wireless communication in many aspects such as enhanced mobile services, greater scalability for IoT (Internet of Things) systems, and reliable communication for mission critical applications
5G provides users with a better experience and enables massive connectivity between people, between machines, and between people and machines. For this fast connection, fast antennas are required for easy communication of data and information.
5G antennas require faster data speeds. According to the International Telecommunication Union (ITU), 1Gbit/s has been set as the standard data transfer rate
Increased Speed to Drive Global 5G Smart Antenna Market
5G smart antennas offer faster mobile broadband speed and extensive data transfer. It opens up new opportunities for retailers with the potential to reach speed of 10Gbps with minimal latency and pervasive connectivity.
Manufacturers continuously engaged in developing smart antennas to fulfill the growing needs of consumers using 5G network, equally contributes to the growth of the 5G smart antenna market
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SEVOCOMM - Smart 5G Antennas are on their way
Increasing Application of 5G Smart Antennas in Automotive Industry
With the implementation of 5G networks, issues related to traffic congestion and collisions are likely to be sorted through 5G smart antennas used in vehicles
5G smart antennas enable direct vehicle to vehicle communication by surpassing the network to avoid traffic congestions and any delays. 5G network is expected to increase the communication between vehicles and city infrastructures.
These applications of 5G smart antennas in the 5G network is anticipated to aid the growth of the 5G smart antenna market
North America to Lead the Global 5G Smart Antenna Market
In terms of region, the global 5G smart antenna market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America is anticipated to hold significant share of the global 5G smart antenna market during the forecast period. It is estimated to be followed by Europe due to increasing automotive applications in the region.
The 5G smart antenna market in Asia Pacific is projected to expand at a rapid pace, led by growth in various applications. The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for the 5G smart antenna market.
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Key Players in Global Market
Prominent players operating in the global market are focusing on technological developments and expansions to meet the rising demand for 5G smart antennas. Key players operating in the global 5G smart antenna market include:
Ericsson AB
Huawei Technologies Co. Ltd
Keysight Technologies
Mitsubishi Electric Corporation
National Instruments
Qualcomm Technologies, Inc.
Samsung Electronics Co., Ltd.
ZTE Corporation
NEC Corporation
Nokia Corporation
Global 5G Smart Antenna Market – Segmentation
The global 5G smart antenna market can be segmented based on:
Application
Region
Global 5G Smart Antenna Market, by Application
Based on application, the 5G smart antenna market can be classified into:
Mobile Phones
Connected Vehicles
Factory Automation
IoT services
Others
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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