The global smart antenna market was valued at US$ 4,909.4 Mn in 2017 and is anticipated to register a stable CAGR of 8.4% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Smart Antenna Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Increasing application of smart antennas in smartphones and growing demand for smart antennas in wireless communication has increased the penetration and growth of the smart antenna market globally. The market in North America is expanding at a significant CAGR of 8.8% on the backdrop of numerous technological innovations in communication technology.
Increasing Popularity of Smartphones to Drive Growth of the Smart Antenna Market
Growing popularity of smartphones is ultimately resulting in high demand for smart antennas worldwide. Smartphones have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, internet applications, inbuilt GPS capabilities, and high data processing capabilities. Huge investments and advancements in technology are boosting the demand for smartphones globally. The growing requirement of quick data transmission and high speed of downloading and web browsing will continue to create heightened demand for smart antennas.
By type, the smart antenna market is 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 antennas is expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecast period. Switched beam antenna systems offer significant increase in capacity and coverage as compared to conventional antenna based systems.
The market in Europe is anticipated to grow at a significant CAGR during the forecast period due to advancements in the domain of wireless connectivity across the region.The smart antenna market in Asia Pacific is expected to expand at the highest CAGR of 9.1% over the forecast period. The growing need for faster data transmission in modern communication systems with high speed downloading and web browsing has forced companies to improve the efficiency of wireless transmission and this has enhanced the consumption of smart antennas in China and India.
Cobham Antenna Systems, Intel Corp., Samsung Electronics Co. Ltd.and Alcatel-Lucent International Holdings Inc. Likely to Continue to Lead the Global Smart Antenna Market
The company profiling of key players in the global smart antenna market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years 2015 to 2017. The key players profiled in the global smart antenna market report includes Cobham Antenna Systems, Intel Corp., Samsung Electronics Co. Ltd., ArrayComm LLC, Alcatel-Lucent International Holdings Inc, Motorola Solutions Inc., Broadcom Corp, California Amplifier Inc., Accel Networks LLC., and Jiashan Jinchang Electronics Co., Ltd. Various players are introducing technologically advanced smart antennas and establishing partnerships with other players to meet the continuously growing demand for wireless communication technologies.