According to the recent study the smart antenna market is projected to reach an estimated $10.7 billion by 2028 from $7.2 billion in 2023, at a CAGR of 8.1% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for quicker data transmission system, growing adoption of smart connected devices along with implementation of internet of things (IoT), and advanced networking technologies.
A more than 150–page
report is developed to understand trends, opportunities and forecast in smart
antenna market by type (switched multibeam antenna and adaptive array antenna),
technology (SIMO (single input multiple output), MISO (multiple input single
output), and MIMO (multiple input multiple output), application (Wi-Fi systems,
WiMAX systems, cellular systems, RADAR systems, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
“Multiple input multiple output market is expected to remain the
largest segment during the forecast period.”
Based on technology, the
smart antenna market is segmented into SIMO (single input multiple output),
MISO (multiple input single output), and MIMO (multiple input multiple output.
Lucintel forecasts that the MIMO (multiple input multiple output) market is
expected to remain the largest segment due to its high spectral efficiency and
link reliability, and provides improved signal transfer at minimal costs.
“Within the smart antenna market, the WiMAX system segment is
expected to remain the largest application.”
Based on application the
WiMAX system segment is expected to witness the highest growth over the
forecast period because it allows operators to have more flexible options for
mobile and fixed communication systems.
“North America will dominate the smart antenna market in near
future.”
North America will
remain the largest region over the forecast period due to the growing usage of
smartphones along with increasing demand for 5G smart antenna standards in this
region.
Major players of smart
antenna market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Airgain, Broadcom
Limited, Intel Corporation, Motorola Solutions, Qualcomm Technologies, Telstra,
and Texas Instruments are among the major smart antenna providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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