Smart Antenna Market Growth & Trends
The global smart antenna market size is predicted to reach USD 14.49 billion by 2030 and is also anticipated to register a CAGR of 9.68% from 2022 to 2030, according to recent report by Grand View Research, Inc. The growing demand for updated technologies and high-quality wireless communication is driving the deployment of smart antennas. Smart antennas are utilized in various applications, including Wi-Fi, WiMAX, cellular, and RADAR systems. Benefits such as error-free communication, tailored data pathways, easy data flow, and co-channel interference prevention are expected to drive market growth.
The recent rise in demand for high-quality connectivity and advanced technology has created a space for the acceptance of smart antennas in the market. The smart antenna is used for multiple applications such as RADAR, mobile, WiMAX, Wi-Fi, etc. The Smart antenna also solves related problems such as seamless connectivity, easy data flow, and custom data channels. These are expected to improve the market in the forecasted period. High production and maintenance costs affect market growth opportunities. Robust wireless connectivity in an area such as North America has facilitated the widespread acceptance of smart antennas.
Furthermore, widespread use of this technology in devices such as laptops, personal digital assistants (PDAs), and smartphones contributes to market growth. These devices are equipped with various multimedia and internet that require faster internet and communication systems. Hence, the availability of custom signal processing centers on smart antennas also contributes to market growth. In addition, the development of smart car sticks serves as another major growth factor. These antennas are used in commercial and passenger vehicles for satellite-based navigation and to improve vehicle communication. Other factors, including extensive research and development (R&D) activities and significant growth in the IT industry, are expected to drive the market forward.
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Smart Antenna Market Report Highlights
The need for faster data transmission is driving the global smart antenna market. Growing usage of Smart antenna in range extension, reduction in the fading of signals, power control, and multiple access interferences will propel the overall market in the forecast period.
Based on the application segment, the WiMAX system type of smart antenna is anticipated to grow with the highest CAGR of 11.41% during the forecast period of 2022–2030, a reason for which could be the higher range capacity of WiMAX system smart antenna.
The North American regional segment has the largest market share of 31.06% in 2021, due to the rising demand for 5-G smart antennas and higher smartphone penetration in the region. Further, the use of smart antennae in developing countries of Latin America, Asia Pacific, and MEA is expected to grow during the forecasted period.
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