Smart Antenna Market to Reach US$30.12 bn in revenue by 2023

According to a new market report published by Transparency Market Research “Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the smart antenna market in terms of revenue was valued at US$14.72 bn in 2014, which is expected to reach US$30.12 bn by 2023, at a CAGR of 8.5% from 2015 to 2023.

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 https://www.transparencymarketresearch.com/smart-antenna.html

Smart antennas are notably used in radio astronomy, radio telescopes; track and scan radar, acoustic signal processing and also used widely in cellular bandwidth systems such as universal mobile telecommunications system (UMTS), long term evolution (LTE) and wideband code division multiplexing access (W-CDMA). Smart antennas offer the advantages of capacity enhancement, coverage extension, increased transmission efficiency, reduction of multipath fading and increased bandwidth among others. These antennas have two basic functions, namely: estimation of direction of arrival (DOA) and beam forming. Smart antenna systems recognize the DOA of a signal by using techniques such as multiple signal classification (MUSIC), matrix pencil method or estimation of signal parameters via rotational invariance techniques (ESPRIT)

By technology, the market has been segmented into three segments, SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output) and MISO (Single Input Multiple Output). Due to its higher spectral efficiency and link reliability or diversity, MIMO has evolved to be an important part of the 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 2014.

By types, these are 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 antenna is expected to continue during the forecast period. However, switched multibeam antenna is expected to grow significantly during the forecast period, switched beam antenna systems offer significant increase in capacity and coverage as compared to the conventional antenna based systems.

On the basis of applications, the global market is divided into five segments, namely: Wi-Fi systems, WiMax systems, cellular systems, RADAR and others. The cellular systems sector dominated the market and accounted for a major share in 2014. Cellular systems sector is expected to show steady growth throughout the forecast period.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). At present, North America holds the largest market share followed by Europe. North America is estimated to be the largest market for smart antenna in 2014 and expected to be the same during the forecast period of 2015 to 2023. The growing need for faster data transmission in modern communication systems with high speed downloading, optimized evolution data and web browsing has forced companies to advance the efficiency of wireless transmission and this has raised the consumption of smart antennas in the U.S. and Canada.

Key players profiled in this report include Cobham Antenna Systems(Suffolk, United Kingdom), Intel Corp.( Santa Clara, California, United States), Samsung Electronics CoLtd. ( Seoul, South Korea), ArrayComm LLC ( California, United States), Alcatel-Lucent International Holdings Inc.( Paris, France), Motorola Solutions Inc.( Illinois, the U.S.), Broadcom Corp(Irvine, the U.S.), California Amplifier Inc.( Oxnard, United States), Accel Networks LLC(St. Petersburg, United States ) and Jiashan Jinchang Electronics Co., Ltd (Zhejiang, China) among others.

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A comprehensive analysis of market dynamics that include the market drivers, restraints and opportunities is included under the purview of the study. Market dynamics are the distinct factors which exert an influence on the growth of a particular market and therefore help in studying the current trends of the global market. Thus, this report offers an inclusive study of the global smart antenna market, along with providing the forecast of the market for the period from 2015 to 2023.

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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This release was published on openPR.