Published: Nov, 2016
In a fairly consolidated global smart antenna market, the players holding dominance resort to product innovation and strategic mergers to maintain a stronghold. Companies such as Intel Corp, Samsung Electronics Co. Ltd, Cobham Antenna Systems, and Motorola Solutions, which held a dominant share of 83.7% in 2014, made the crux of the global smart antenna market, states Transparency Market Research (TMR) in a new study.
“Despite the consolidated vendor landscape, there is no dearth of efforts by the leading companies to gain the lion’s share in the market,” observed a lead TMR analyst. Hence, they are quite proactively involved in research and development to pace product innovation, which could help them gain an edge over rivals. Besides this, mergers and acquisitions are also looked upon as a popular strategy for expanding businesses.
Between 2015 and 2023, the global antenna market is projected to exhibit a CAGR of 8.5%, as per calculations published by TMR. At this rate, the market is likely to reach US$30.12 bn by the end of 2023, from a valuation of US$14.72 bn. Based on type, the switched beam smart antennas segment held dominance with a share of 44.3% in the market’s total revenue in 2014. By region, North America led the global smart antenna market in terms of revenue with a share of 30.4% in 2014.
Proliferation of Smartphones and Wireless Communication Holds Promise for Growth
The proliferation of wireless communication is a key driver of the global smart antennas market. The demand for accessing information at fingertips is surging at a robust pace. In order to cater to this, wireless communication systems are required to address the pressing problems of interference and spectral efficiency. The advent of mobile video, data communication, and wireless internet is pushing spectrum to its limits. Smart antenna systems enable mitigating the aforementioned concerns by exploiting spatial domain. Smart antennas also help in dealing with impairments such as co-channel and multipath interference.
Additionally, the market sees opportunities in the increasing application of smart antennas in smartphones. Due to the convenience they offer, smartphone usage has become widely prevalent. However, short battery life, dropped calls, and poor signal quality are posing biggest barriers to advances in smartphones. Integrating smart antennas in mobile phones can help extend battery life, thus preventing call drops. The rising demand for smartphones will thus provide lucrative opportunities for the global smart antenna market.
Cost and Design Constraints Inhibits Widespread Adoption of Smart Antennas
On the flip side, the cost and design constraints of smart antennas are inhibiting their widespread adoption. Smart antennas come at a very high cost and are more complex than traditional omnidirectional antennas as the former use the latest technologies. Furthermore, with the increasing demand for smaller, lighter, and higher-performance smart antennas, the designers will have to achieve balance between weight, size, and radiation characteristics. This creates a significant concern for the market, as incorporating advances would result in high cost of smart antennas, thus inhibiting their growth trajectory.
Nevertheless, with considerable technological advancements in cellular networks underway, growth opportunities for the market seems ripe in the near future.
The review is based on information published by TMR in a report, titled “Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”
The report segments global smarty antenna market as:
Global Smart Antenna Market: By Type
- Switched Multibeam Antenna
- Adaptive Array Antenna
Global Smart Antenna Market: By Technology Type
- SIMO (Single Input Multiple Output)
- MIMO (Multiple Input Multiple Output)
- MISO (Multiple Input Single Output)
Global Smart Antenna Market: By Application Type
- Wi-Fi systems
- WiMax systems
- Cellular systems
Global Smart Antenna Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacfic
- Rest of the World (RoW)
- Middle East
- Latin America
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