The global smart antenna market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising need for high-speed communication networks.
Smart antennas are arrays formed in antenna with intelligent signal processing algorithms that differentiate spatial signal indicators. Direction of arrival (DOA) and its use to estimate beamforming vectors, which are further used to position and track the antenna beam on the target/mobile. Smart antenna techniques are mostly integrated into several equipment such as track & scan radar, acoustic signal processing, radio astronomy, radio telescopes, as well as cellular systems. These antennas offer many functions such as beamforming, interference nulling, DOA estimation, and constant modulus preservation.
The COVID-19 outbreak has brought negative impact on the market due to the shortage of supply chain in the semi-conductor sector globally. The market is expected to recover soon with an uptrend operation due to subsiding the COVID cases gradually across the globe.
Market Trends, Drivers, Restraints, and Opportunities
- Launching new products with advancement in technology is one of the key factors driving the market growth.
- Wide use of emerging wireless communication is expected to boost the market growth in the coming years.
- Customization of data signals as per user needs is anticipated to boost the market expansion during the projected period.
- High manufacturing and maintenance cost presents a major challenge. This is likely to hinder the market growth during the forecast period.
- Wide utilization of devices, such as laptops, smartphones, and personal digital assistants is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global smart antenna market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Smart Antenna Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Technology (MISO, MIMO, and SIMO) and Applications (Cellular Systems, RADAR Systems, WiMAX Systems, and Wi-Fi Systems)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Broadcom Inc.; Airgain, Inc.; Intel Corp.; Motorola Solutions, Inc.; Telstra Corp. Ltd.; Qualcomm Technologies, Inc.; and Texas Instruments Inc.
Market Segment Insights
MIMO segment is expected to grow at a rapid pace
Based on technology, the global smart antenna market is segregated into MISO (Multiple Input Single Output), MIMO (Multiple Input Multiple Output), and SIMO (Single Input Multiple Output). The MIMO segment is expected to grow at a rapid pace during the forecast period owing to the ability to offer facilities of both SIMO as well as MISO technology. Moreover, the use of technology does not incur additional costs for transmission and bandwidth of power, which is expected to boost the segment growth further. However, the SIMO segment is anticipated to hold a key share of the market in the coming years due to its vast usage in mobile communication systems, digital communication systems, wireless local area networks, and metropolitan area networks.
Flexibility for operators drive the WiMAX systems segment
On the basis of applications, the market is segmented into cellular systems, RADAR systems, WiMAX systems, and Wi-Fi systems. The WiMAX systems segment is projected to expand at a considerable CAGR during the forecast period attributed to the management of fixed and mobile communication devices by offering more flexibility to operators. On the other hand, the Wi-Fi systems segment is anticipated to account for a major market share during the forecast period due to the increasing usage of wireless networks and smart devices.
North America to constitute a key market share
In terms of regions, the global smart antenna market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to a flourishing market for smartphones and the presence of high-quality wireless communication systems in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to increasing investments by governments in advanced technologies such as the Internet of Things (IoT) and several initiatives including the development of new smart cities in their respective countries.
Segments Covered in the Report
The global smart antenna market has been segmented on the basis of
- Cellular Systems
- RADAR Systems
- WiMAX Systems
- Wi-Fi Systems
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Broadcom Inc.
- Airgain Inc.
- Intel Corp.
- Motorola Solutions, Inc.
- Telstra Corp. Ltd.
- Qualcomm Technologies, Inc.
- Texas Instruments Inc.
Key players competing in the global smart antenna market are Broadcom Inc.; Airgain Inc.; Intel Corp.; Motorola Solutions, Inc.; Telstra Corp. Ltd.; Qualcomm Technologies, Inc.; and Texas Instruments Inc. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market
For instance, in 2016, Motorola Solutions, Inc. acquired Spillman Technologies, which helped the company in expanding their former software portfolio. In 2017, Airgain Inc. acquired Antenna Plus, which helped in enhancement of its automotive and mobile fleet applications in public safety, government, and industrial IoT domains.