This may be because it delivers facilities like SIMO and MISO and requires no extra cost of transmission of power
and bandwidth. In addition, SIMO is estimated to grow at fastest pace in the coming years. However, MISO
technology is mainly used to reduce the errors and advance the speed of data transmission and allows the
customization of signals.
The market may be categorized based on applications like, RADAR systems, Wi-Fi Systems, cellular systems,
WiMAX systems, and others could be explored in the future period. The cellular systems application accounted
for the largest market share and is estimated to continue its dominance until 2025. This may be because of
growing usage of smart antennas for smartphones. In addition, WiMAX systems is estimated to grow at fastest
pace in the years to come. The system reduces the hindrance of narrow beam operation and provides flexibility
to operators by allowing management of fixed and mobile communication devices.
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Globally, in 2016, North America accounted for the largest market share of Smart Antenna and is estimated to
lead the overall market in the coming years. The reason behind the overall market growth could be thriving
market for smartphones, presence of key manufacturers in the region and existence of superior wireless
communication systems. Also, acceptance of latest technologies and speedy developments in various sectors
may boost market growth in this region. The United States is major consumer of Smart Antenna in this region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe
is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest
pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise
government initiative in IoT like building smart cities that needs highly advanced networking infrastructure,
growing urbanization, and rising investments in enhanced technologies. The developing countries like India and
China are the major consumers of Smart Antenna in this region.
The key players of Smart Antenna Market are Texas Instruments, Airgain Inc., Telstra, Broadcom Limited,
Qualcomm Technologies Inc., Intel Corporation, and Motorola Solutions Inc. These players are concentrating on
inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
Market Segment:
Smart Antenna Application Outlook (Revenue, USD Million, 2014 - 2025)
• Wi-Fi Systems
• WiMAX Systems