The global smart antenna market size is expected to reach USD 8.95 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Soaring need for upgraded technologies and high-quality communication through wireless devices is triggering the adoption of smart antennas. Smart antenna is used in various applications such as Wi-Fi systems, WiMAX systems, cellular systems, and RADAR systems. Benefits such as error-free communication, customized data paths, easy flow of data, and prevention of co-channel interference are anticipated to propel market.
High
manufacturing and maintenance costs are hampering the growth prospects of the
market. Strong wireless connectivity in region such as North America has
facilitated the widespread adoption of smart antennas. Some of the prominent
smart antenna vendors are Airgain Inc.; Broadcom Limited; Intel Corporation;
Motorola Solutions, Inc.; Qualcomm Technologies, Inc.; Telstra; and Texas
Instruments Inc.
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Further key
findings from the study suggest:
- The global
smart antenna market is expected to expand at a CAGR of 8.2% over the
forecast period.
- The MIMO
segment is estimated to dominate the market throughout the forecast
period, representing more than 55.0% of the overall revenue by 2025. The
growth of the segment can be attributed to increasing usage of wireless
and smart devices
- The cellular
systems segment is anticipated to lead the market throughout the forecast
period, exhibiting a CAGR of 5.6%
- North America
will continue to be the most prominent regional market owing to early
adoption of the technology and presence of leading market players
- Prominent
players in the market include Airgain Inc.; Broadcom Limited; Intel
Corporation; Motorola Solutions, Inc.; Qualcomm Technologies, Inc.;
Telstra; and Texas Instruments Inc.
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Grand View Research has
segmented the global smart antenna market report based on application,
technology, and region:
Smart Antenna
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Wi-Fi Systems
- WiMAX Systems
- Cellular Systems
- RADAR Systems
Smart Antenna
Technology Outlook (Revenue, USD Million, 2014 - 2025)
- SIMO
- MIMO
- MISO
Smart Antenna
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- Japan
- Rest of the World
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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