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.
