Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 06/11/2018 -- With a significantly high number of players, the global smart antenna market appears to be extremely competitive and fragmented, states Transparency Market Research (TMR) in a new research study. The leading players in this market are Jiashan Jinchang Electronics Co. Ltd., California Amplifier Inc., Accel Networks LLC, Broadcom Corp., Alcatel-Lucent International Holdings Inc., Motorola Solutions Inc., ArrayComm LLC, Cobham Antenna Systems, and Samsung Electronics Co. Ltd., Intel Corp. Currently, these players are emphasizing on gaining a strong foothold in the global market, for which, they are concentrating more on the technological advancements of their products. Over the coming years, they are likely to shift their focus towards mergers and acquisitions in an effort to strengthen their position across the world, notes the market study.
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According to the research report, the worldwide market for smart antenna stood at US$14.7 bn in 2014. The opportunity in this market is likely to reach a value US$30.1 bn by the end of the period of the forecast. Switched multibeam antenna and adaptive array antenna are the two main types of smart antenna available across the world. Among the two, the demand for adaptive antenna is relatively higher and the trend is likely to continue over the forthcoming years. Wi-Fi systems, cellular systems, WiMax systems, and RADAR have surfaced as the leading application areas for smart antenna, globally.In terms of the region, North America have been leading the worldwide smart antenna market and is anticipated to remain dominant over the next few years and will be closely followed by Europe, thanks to the presence of a technologically advanced infrastructure in these regions, states the research report.
"The rising uptake of smart antennas in wireless communication, leading to a high deployment of these antennas in smart phones is boosting the growth of the global smart antenna market significantly," says the author of this report. Since smartphones have become a feasible alternative to desktops, laptops, and personal digital assistants (PDAs), with attractive features, such as voice messages, SMSs, multimedia functionality, internet apps, and high data processing and inbuilt GPS capabilities, their demand is increasing day-by-day, which subsequently, is reflecting on the demand for smart antenna, across the world. The continuous advancements in communication technology is also driving the growth of the global market for smart antenna, substantially, states the research report.
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On the other hand, the high cost incurred in the deployment and maintenance of smart antennas may limit their uptake in the near future, hampering the worldwide market. However, the rising requirement of quicker data transmission in today's communication systems, together with optimized data evolution, high speed downloading, and web browsing, is likely to encourage enterprises to deploy smart antennas, which will support the market to a great extent in the years to come, reports the study.