Smart antenna market refers to a digital wireless communications antenna system that enables effortless performance of communication systems by efficiently managing the signals that are received through each antenna. These are also known as multiple antennas or adaptive antennas (MIMO) and are extensively being used to identify the direction of the arriving signal at the transmitter and receiver or both. The demand for smart antennas has been on the rise as they are known to enhance the signal range, reducing fading of signals, suppressing interfering signals, and thus improving the capacity of the wireless communication system.
The research report by Transparency Market Research provides a detailed understanding of the various market dynamics governing the trajectory of the global smart antenna market. The publication studies the market forces over the period of 2015 and 2023 to determine the impact of drivers, restraints, threats, and opportunities on the various segment of the market.
High Dependency on Smartphones Ups Revenue for Smart Antennas
Analysts project that the global smart antenna market is likely to be worth US$30.12 bn by the end of 2023 as compared to US$14.72 bn in 2014. During the forecast years of 2015 and 2023, the global market is projected to surge at a CAGR of 8.5%. The gradual replacement of laptops and other personal digital assistants (PDAs) by smartphones that offer features such as GPS, high data processing abilities, internet applications, and multimedia functionality are expected augment the sales of smartphones in the near future. This in turn is expected to have a positive influence on the sales and revenue of the global smart antenna market as these antenna find an indispensable use in production of smartphones. The demand for smart antennas will gain increased acceleration as smartphone manufacturing companies are making meaningful investments to materialize feature-rich innovations that will effectively lead to increased higher data transmission.
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On the basis of technology, the global smart antenna market into single input multiple output (SIMO), multiple input single output (MISO), and multiple input multiple output (MIMO). The report states that MIMO is likely to dominate the global market in the coming years has it offers capabilities of both MISO and SIMO technologies. MIMO segment is further divided into spatial multiplexing, pre-coding, and diversity coding. Thus, the MIMO smart antennas are likely to be gain synonymity with wireless communication systems in formats such as Cooperative MIMO and Massive MIMO in the near future.
North America and Europe Jointly Lead Global Smart Antennas Market
In terms of geography, the global smart antenna market is divided into Europe, North America, Asia Pacific, and Rest of the World. Of all the regions studied in the report, analysts predict that North America will dominate the global smart antenna market during the forecast period. Europe will closely follow this trail as collectively these regions held a share of more than 50% in the global market in 2014. The high adoption of technology, rapid developments in terms of establishing superior wireless communication systems, and high penetration of smartphones is expected to help these regions maintain their position in the coming few years. Asia Pacific too is projected to provide several profitable opportunities due to growing expenditure on smartphones in the emerging economies.