Smart Antenna Market - High Adoption of Smart Antenna in Wireless Communication Boosts Growth
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According to the research report, the worldwide market for smart antenna stood at US$14.7 bn in 2014. The opportunity in this market is likely to reach a value US$30.1 bn by the end of the period of the forecast. Switched multibeam antenna and adaptive array antenna are the two main types of smart antenna available across the world. Among the two, the demand for adaptive antenna is relatively higher and the trend is likely to continue over the forthcoming years. Wi-Fi systems, cellular systems, WiMax systems, and RADAR have surfaced as the leading application areas for smart antenna, globally.In terms of the region, North America have been leading the worldwide smart antenna market and is anticipated to remain dominant over the next few years and will be closely followed by Europe, thanks to the presence of a technologically advanced infrastructure in these regions, states the research report.
“The rising uptake of smart antennas in wireless communication, leading to a high deployment of these antennas in smart phones is boosting the growth of the global smart antenna market significantly,” says the author of this report. Since smartphones have become a feasible alternative to desktops, laptops, and personal digital assistants (PDAs), with attractive features, such as voice messages, SMSs, multimedia functionality, internet apps, and high data processing and inbuilt GPS capabilities, their demand is increasing day-by-day, which subsequently, is reflecting on the demand for smart antenna, across the world. The continuous advancements in communication technology is also driving the growth of the global market for smart antenna, substantially, states the research report.
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High Cost Incurred in Deployment of Smart Antenna to Hamper Market
On the other hand, the high cost incurred in the deployment and maintenance of smart antennas may limit their uptake in the near future, hampering the worldwide market. However, the rising requirement of quicker data transmission in today’s communication systems, together with optimized data evolution, high speed downloading, and web browsing, is likely to encourage enterprises to deploy smart antennas, which will support the market to a great extent in the years to come, reports the study.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
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