Smart Antenna Market to Progress at Healthy 8.50% CAGR 2015-2023, Fuelled by Technological Advancement

Smart antennas are multi-element antennas capable of receiving signals at each element. These signals are combined and managed smartly to enhance the performance of a wireless system. Smart antennas are capable of suppressing interfering signals, boosting the signal range, and combating signal fading. Companies in the global smart antenna market will benefit from the multipronged technological advancement in cellular networks. One such development is the use of smart antennas in upcoming 5G technology, which is projected to boost the demand for smart antennas significantly.

The global smart antenna market is driven by the rising demand for smart antennas required in wireless communication. Furthermore, the growing application of smart antennas in smartphones will also fuel the global smart antenna market. Nevertheless, the cost and design issues associated with smart antennas will continue to challenge the global smart antenna market during the forecast period.

PDF Sample For Latest Innovation And Upcoming Advancements@ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=984

Broadly, the global smart antenna market is segmented on the basis of product type, technology type, application type, and geography. According to product type, the global smart antenna market is bifurcated into adaptive array antennas and switched multibeam antennas. In 2014, the adaptive array antennas segment stood out as the largest contributor to the market. This segment is projected to continue its dominance during the forecast period. Nevertheless, the switched multibeam antenna segment is projected to witness significant growth during the forecast period as these systems offer a significant gain in capacity and coverage as compared to conventional antennas.

On the basis of technology type, the global smart antenna market is classified into MISO (multiple input single output), MIMO (multiple input multiple output), and SIMO (single input multiple output). The cellular systems segment led the global smart antenna market in 2014. This segment is expected to witness steady growth during the forecasting horizon. Application-wise, the global smart antenna market is divided into RADAR, cellular systems, WiMax systems, Wi-Fi systems, and others.

Regionally, the global smart antenna market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). Presently, North America is leading the global smart antenna market, followed by Europe. According to the report, the North America segment will continue to dominate the global smart antenna market during the forecast period. The North America segment is driven by the high demand for faster data transmission in modern communication systems along with high-speed web browsing and downloading. This trend is pushing companies in this regional market to advance the efficiency of wireless transmission, which has elevated the consumption of smart antennas in Canada and the U.S.

The key players operating in the global smart antenna market are California Amplifier, Motorola Solutions, ArrayComm, Intel, Cobham Antenna Systems, and Alcatel-Lucent International Holdings.

Transparency Market Research (TMR) has published a new report, titled “Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global smart antenna market is projected to expand at a healthy CAGR of 8.50% during the forecast period from 2015 to 2023. In 2014, the global smart antenna market was estimated at US$14.7 bn and by 2023, the market is expected to be worth US$30.1 bn.

Browse the full Smart Antenna Market (By Types - Switched Multibeam Antenna and Adaptive Array Antenna, By Technology Types - SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output) and MISO (Multiple Input Single Output), By Application Type - Wi-Fi systems, WiMax Systems, Cellular Systems, RADAR and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/smart-antenna.html

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.