Description:Global Smart Antenna Market was valued at US$ 4.909Bn in 2019 and is expected to reach US$ 10.315Bn by 2027 at a CAGR of 8.6% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown... moreGlobal Smart Antenna Market was valued at US$ 4.909Bn in 2019 and is expected to reach US$ 10.315Bn by 2027 at a CAGR of 8.6% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Smart Antenna Market
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Global Smart Antenna Market Dynamics
This report provides a detailed analysis of the market segment based on Type, Technology, Application, and region. This report also focuses on the top players in North America, Asia Pacific, Europe, Middle East & Africa, and South America.
The smart antenna helps in ameliorating the quality of wireless communication by managing signals received and reducing errors. Growing demand for wireless communication and the soaring need for high-speed communication networks are the key trends for market growth.
Segment Analysis of the Global Smart Antenna Market
In terms of smart antenna type, the adaptive array antenna segment drives the market growth and expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecasting period. Switched beam antenna systems offer significant growth in capability and coverage as compared to conventional antenna-based systems.
By technology, MISO (Multiple Input Single Output) segment is expected to drive the smart antenna market during the forecasting period. Its higher spectral efficiency and link reliability become a major part of modern wireless communication standards such as WiMax (4G), HSPA+ (3G), Long-Term Evolution (4G), and IEEE 802.11n (WiFi). In 2019, MIMO held the largest share in the market.
The growing popularity of smartphones is ultimately resulting in high demand in the market. Personal digital assistants (PDAs) are alternatively replaced by smartphones offering features such as voice messages and SMS coupled with multimedia functionality, inbuilt GPS capabilities, internet applications, and high data processing capabilities. Huge investments and advancements in technology are expected to the demand for smartphones globally.
The growing requirement of high-speed downloading, web browsing and quick data transmission will continue to create a heightened demand for smart antennas.
Regional Insights of the Global Smart Antenna Market
Region-wise, the North American Smart Antenna market accounted major share during the forecasting period and further followed by Europe. The demand for smart antennas has been the highest across North America due to the telecommunications' industry in this region. Furthermore, technologies such as ultra-wideband and radio frequency identification are in great demand across the US and Canada. The European market is anticipated to grow at a significant CAGR during the forecast period due to advancements in the domain of wireless connectivity across the region. While Asia Pacific market is expected to expand at the highest CAGR of 9.1% over the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global Smart Antenna market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Global Smart Antenna Market, Key Highlights:
• Global Smart Antenna Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Smart Antenna Market
• Global Smart Antenna Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Smart Antenna Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Smart Antenna Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
