Global Smart Antenna Market Overview
Smart antenna helps in improving the quality of wireless communication by controlling signals received and by reducing errors. Growing demand for wireless communication and the rising need for high-speed communication network are the key trends supporting market growth.
Heightened need for faster data transmission has also played an instrumental role in increasing the demand for smart antennas in the last few years. Benefits provided by smart antennas include multiple access interference, range size, power control, reduction in the fading of signals, and multipath management. Smart antenna improves the overall performance of wireless communication.
The global smart antenna market size is expected to reach USD 8.92 billion by 2023, progressing at a CAGR of 8.1% during the forecast period. Soaring need for upgraded technologies and high-quality information through wireless devices is triggering the selection of smart antennas.
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Global Smart Antenna Market Drivers and Restraints
High manufacturing and maintenance costs are hindering the growth prospects of the market. Strong wireless connectivity in the region such as North America has promoted the widespread adoption of smart antennas. Huge investments and advancements in technology are boosting the market globally. The rising need for quick data transmission, and high speed of downloading and web browsing will continue to create huge demand for smart antennas.
Global Smart Antenna Market Geographical Segmentation
North America dominated the market in 2017. The trend is anticipated to continue over the projection period owing to the presence of high-quality wireless communication systems and the growing market for smartphones. The region has significantly added to the adoption of smart antennas due to the presence of strong players. Early adoption of the latest technologies in various areas and rapid developments have also contributed to the growth of the North America market.
The market is expected to see significant growth in developing countries of Asia Pacific, Latin America and Middle East & Africa. Governments in these regions are rising investments in advanced technologies and initiatives such as IoT and smart cities, which will need enhanced networking infrastructure. These regions are also observing a significant rise in smartphone adoption and internet penetration that will supplement the fullness of the market in these regions.
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Major Players in Global Smart Antenna Market:
The key players of global smart antenna are Cobham Antenna Systems, Intel Corp., Broadcom Corp, California Amplifier Inc., Samsung Electronics Co. Ltd., ArrayComm LLC, Alcatel-Lucent International Holdings Inc, Motorola Solutions Inc., Accel Networks LLC., and Jiashan Jinchang Electronics Co., Ltd.
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