A recent report published by Infinium Global Research on the smart antenna market provides an in-depth analysis of segments and sub-segments in the global as well as regional smart antenna market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart antenna market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global smart antenna market. According to the report, the global smart antenna market is projected to grow at a CAGR of 7.8% over the forecast period of 2020-2026.

Market Insight

The increasing application of smart antenna in mobile communication, cellular and wireless network, and satellite communication, and wireless sensor network, military, and electronic warfare drive the growth of the global smart antenna market over the forecast period. However, the coronavirus outbreak is currently making a big impact on the global smart antenna market. Moreover, the impact of the COVID 19 pandemic directly affecting demand and production, by creating supply chain and market disruption. However, the production of the smart antenna will be affected in the initial quarter of 2020 due to social distancing regulations. Nonetheless, the companies are expected to ramp up production over the latter quarter of the financial year to meet the existing demand.  Moreover, several companies have also revised their financial guideline for 2020. 

Additionally, increasing requirements regarding faster data transmission play a crucial role in the growth of the market, from the last decades. Furthermore, the growth of the market is also driven by their improved wireless communication systems and reduced errors in the data transmission process. The expanding popularity of smartphones and the high adoption of mobile-connected devices are supporting factors augmenting the market growth across the globe. The integration of communication technologies is an important feature in the global automotive industry. Thus, the increasing demand for wireless technologies in the automotive industries is further escalating the market growth. However, high maintenance is expected to hamper the growth of the global smart antenna market. Going further, Companies operating in this market are focusing on the new product launches and are likely to create immense opportunities for the growth of the market in the coming years. Furthermore, the existing situation owing to the outbreak of the epidemic is expected to have a negative impact on the global smart antenna market.

Among the region, North America is expected to hold maximum share in the growth of the global smart antenna market over the forecast period. The growth of this region is driven by the presence of leading manufacturers, high adoption of a smart antenna, early adoption of advanced technologies, and rapid development are some factors supporting North America to generate significant revenue. The U.S. is accounted to hold maximum share over the forecast period. The smart antenna market is expected to hold a considerable share in the European region. The factors such as rising demand for connected automobiles and initiative taken by the government regarding the early adoption of 5G technology is helping to the growth of the Europe smart antenna market during the forecast period. Furthermore, The Asia Pacific is anticipated to witness significant CAGR in the smart antenna market owing to the growing popularity of smartphones along with the increasing number of connected vehicles in countries such as China and India. Additionally, the integration of 5G enables consumer electronics to also boost the growth of the market in the Asia Pacific region. The rest of the world is expected to expand at a steady rate due to the development of wireless technologies during the forecast period. 

Segment Covered

The report on the global smart antenna market covers segments such as type, technology, and application. On the basis of type, the sub-markets include adaptive array antenna, and switched multibeam antenna. On the basis of technology, the sub-markets include MIMO (multiple input multiple output), MISO (multiple input single output), and SIMO (single input multiple output). On the basis of application, the sub-markets include cellular system, Wi-Fi systems, radar, and WiMax system.

Companies Profiled:

The report provides profiles of the companies in the market such as Jiashan Jinchang Electronics Co., Ltd., Accel Networks LLC., California Amplifier Inc., Broadcom Corporation, Motorola Solutions, Inc., Alcatel-Lucent International Holdings Inc, ArrayComm LLC, Samsung Electronics Co., Ltd., Intel Corporation, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the smart antenna market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.