Albany, NY -- (SBWIRE) -- 01/04/2019 -- ResearchMoz.us has announced the addition of a report, titled "Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026". The report on the global smart antenna market offers an elaborate assessment of key growth dynamics, recent technological avenues, the competitive ecosystem, and key investment pockets in key regions.
The global smart antenna market is primarily driven by the rising uptake of the technology in smartphones and wireless communication. The growth is propelled by the burgeoning sales of smartphones in various parts of the world and rapid advances in wireless communication technology. The global market is projected to rise at promising, single-digit CAGR from 2018 to 2026.
Constant technological advancements in smartphones have been catalyzing their demand in various countries, thus fueling the expansion of the market. The rising demand for smart antennas in rapid data transfer and high-speed downloading is a notable factor boosting the market. Over the past few years, wireless communication technologies have made rapid strides, both in capabilities and functionalities. The emergence of HSPA+ (3G), long term evolution and WiMax for 4G, and IEEE 802.11n has been imparting large momentum to the market's growth.
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One of the segments that is fast rising to prominence is Multiple Input Multiple Output (MIMO) wireless technology, thereby opening large prospects in the global smart antenna market. This is evident in the rising popularity of MIMO routers and related equipment. Benefits that account for extensive demand are better link capacity and higher spectral efficiency, leading to gains in channel capacity.
The various regional markets for smart antennas are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Of these, North America and Europe held substantial shares in the global market in 2017, with the former generating the major share of the overall revenue. The prominence of the North America smart antenna market can be attributed to a large part to the presence of robust telecommunication sector. Moreover, the vast application of radio technologies such as ultra-wideband and radio frequency identification in various end-use industries in the U.S. and Canada is supporting the rapid expansion of this regional market.
However, it is Asia Pacific that is expected to rise at the most attractive growth rate during 2018–2026. The growth in the regional market is fueled by the rising demand for modern wireless communication technologies that enable end users to transfer data swiftly. In addition, active efforts of enterprises to bolster wireless communication of data are also expected to provide large impetus to opportunities in the region.
Some of the prominent players operating in the smart antenna market are Motorola Solutions Inc., Accel Networks LLC., Broadcom Corp, Alcatel-Lucent International Holdings Inc, Samsung Electronics Co. Ltd., and Cobham Antenna Systems. Top players are increasingly entering into tie-ups and collaborations to consolidate their positions in the global market.
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