IMARC Group, a leading market research company, has released a report titled “Smart Antenna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global smart antenna market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Smart antenna is an array device that is widely utilized for the transmission and reception of radiofrequency (RF) waves. It assists in improving the overall data speed and minimizing the error rate. Commonly used with smart signal processing algorithms, they enable smooth wireless communications from several receivers and control the transmission of signals and coverage in mobile wireless networks. Consequently, these devices are widely employed by the defense, automotive, telecommunication and information technology (IT) sectors for multiple applications.
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Smart Antenna Market Trends and Drivers:
The global market is majorly driven by the rising need for data transmission systems across numerous industry verticals. Smart antennas form an essential component in power control, range extension, and multiple access interferences. They are also used for reducing signal fading and multipath management for seamless wireless communications, thereby providing an impetus to the market growth. The market is further driven by the advent of smart antennas with signal customization facilities. Some of the other factors contributing to the market growth include the growing applications in the automotive sector and extensive research and development (R&D) activities conducted by key players.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Technology:
SIMO
MIMO
MISO
Breakup by Application:
Wi-Fi Systems
WiMAX Systems
Cellular Systems
RADAR Systems
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
ADTRAN Inc
Airgain Inc.
AirNet Communications Corporation
Arraycom LLc
Intel Corporation
Linx Technologies
Motorola Solutions Inc
Qualcomm Incorporated
Sierra Wireless
Telstra Corporation Limited
Texas Instruments Incorporated
Trimble Inc.
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