The demand within the global market for smart antenna is expected to rise on account of advancements in the telecommunications industry. A smart antenna consists of multiple antennas elements that combine all the received signals to improve the efficiency of the wireless system. Some of the key functions performed by a smart antenna include suppression of interfering signals, increase in signal range, and enhancing the capacity of the wireless system. The growth of the telecommunications industry has led to the deployment of better wireless technologies across the globe. Hence, in order to mend and administer these wireless technologies, there is a pressing need to deploy smart antennas in the telecommunications industry. Furthermore, smart antennas also come in handy for the swift, nimble, and hassle-free functioning of mobile networks.
The utilities served by smart phones are commendable, and the popularity of these phones has eliminated the all-time need for laptops or other similar devices. People use smart phones for sending text messages, voice notes, GPS tracking, and internet-based applications, and this has led to an increased demand within the global smart antenna market. Furthermore, the need for transferring data at a swift pace to facilitate web browsing, video buffering, and downloading of online files has also created demand within the global smart antenna market.
Transparency Market Research (TMR) finds that the global smart antenna market would be valued at US$30.1 bn by 2023. Furthermore, the global market for smart antenna is projected to expand at a boisterous CAGR over the forthcoming years.
Multiple Input-Multiple Output (MIMO) Technology to Outdo Other Technologies
On the basis of technology, the demand for multiple input-multiple output technology has been attracting the highest demand over the past years. The other segments based on technology including Multiple Input Single Output (MISO) and Single Input Multiple Output (SIMO) are also expected to gain popularity over the forthcoming years. The demand for adaptive array antennas has superseded the demand for switched multi-beam antennas in recent times. On the basis of application, the demand for Wi-Fi systems has been the highest amongst other applications of antennas such as cellular systems, WiMax systems, RADAR, and others. Radio telescopes, acoustic signal processing, track and scan radar, radio astronomy, and UMTS are some of the other applications of smart antennas. It is expected that the demand for radio telescopes would reach new heights as the telecommunications industry aims to rejuvenate radio technology.
North America to Dominate All Other Regional Segments
The demand for smart antennas has been the highest across North America due to the prominence of the telecommunications industry in the region. Furthermore, technologies such as radio frequency identification and ultra wideband are in great popularity across the US and Canada. This has also accelerated the growth of the market for smart antennas in North America and has given a launch pad for the success of the regional vendors. Furthermore, the market for smart antennas in Europe has also been expanding at a starry rate on account of advancements in the domain of wireless connectivity across the region. The governments in the European nations have been making efforts to consolidate the telecommunications industry, and this has also augmented the growth of the regional market. In Asia Pacific, the presence of several mobile networks in India and China is expected to be a media of growth for the regional market.
Some of the key players in the global market for smart antenna are Samsung Electronics Co Ltd., Alcatel-Lucent International Holdings Inc., Broadcom Corp, Accel Networks LLC, and Jiashan Jinchang Electronics Co., Ltd.
Global Smart Antenna Market: Snapshot
Smart antenna refers to a digital wireless communications antenna system that enables effortless performance of communication systems by efficiently managing the signals that are received through each antenna. These are also known as multiple antennas or adaptive antennas (MIMO) and are extensively being used to identify the direction of the arriving signal at the transmitter and receiver or both. The demand for smart antennas has been on the rise as they are known to enhance the signal range, reducing fading of signals, suppressing interfering signals, and thus improving the capacity of the wireless communication system.
The research report by Transparency Market Research provides a detailed understanding of the various market dynamics governing the trajectory of the global smart antenna market. The publication studies the market forces over the period of 2015 and 2023 to determine the impact of drivers, restraints, threats, and opportunities on the various segment of the market.
High Dependency on Smartphones Ups Revenue for Smart Antennas
Analysts project that the global smart antenna market is likely to be worth US$30.12 bn by the end of 2023 as compared to US$14.72 bn in 2014. During the forecast years of 2015 and 2023, the global market is projected to surge at a CAGR of 8.5%. The gradual replacement of laptops and other personal digital assistants (PDAs) by smartphones that offer features such as GPS, high data processing abilities, internet applications, and multimedia functionality are expected augment the sales of smartphones in the near future. This in turn is expected to have a positive influence on the sales and revenue of the global smart antenna market as these antenna find an indispensable use in production of smartphones. The demand for smart antennas will gain increased acceleration as smartphone manufacturing companies are making meaningful investments to materialize feature-rich innovations that will effectively lead to increased higher data transmission.
MIMO to be Synonymous with Wireless Communication Systems as it Offers Superior Qualities
On the basis of technology, the global smart antenna market into single input multiple output (SIMO), multiple input single output (MISO), and multiple input multiple output (MIMO). The report states that MIMO is likely to dominate the global market in the coming years has it offers capabilities of both MISO and SIMO technologies. MIMO segment is further divided into spatial multiplexing, pre-coding, and diversity coding. Thus, the MIMO smart antennas are likely to be gain synonymity with wireless communication systems in formats such as Cooperative MIMO and Massive MIMO in the near future.
North America and Europe Jointly Lead Global Smart Antennas Market
In terms of geography, the global smart antenna market is divided into Europe, North America, Asia Pacific, and Rest of the World. Of all the regions studied in the report, analysts predict that North America will dominate the global smart antenna market during the forecast period. Europe will closely follow this trail as collectively these regions held a share of more than 50% in the global market in 2014. The high adoption of technology, rapid developments in terms of establishing superior wireless communication systems, and high penetration of smartphones is expected to help these regions maintain their position in the coming few years. Asia Pacific too is projected to provide several profitable opportunities due to growing expenditure on smartphones in the emerging economies.
Some the leading players operating in the global smart antenna market are Cobham Antenna Systems, Intel Corp, Samsung Electronics Co Ltd., ArrayComm LLC, Alcatel-Lucent International Holdings Inc., Motorola Solutions Inc., Broadcom Corp, California Amplifier Inc., Accel Networks LLC, and Jiashan Jinchang Electronics Co., Ltd among others.