According to a study conducted by Grand View Research, the global smart antenna market size is expected to reach USD 8.95 billion by 2025, progressing at a CAGR of 8.2% during the forecast period.
The increase in demand for upgraded technologies and high-quality communication through wireless devices is triggering the adoption of smart antennas. Smart antennas are used in various applications such as Wi-Fi systems, WiMAX systems, cellular systems, and RADAR systems. Benefits such as error-free communication, customized data paths, easy flow of data, and prevention of co-channel interference are anticipated to propel market.
The report finds that high manufacturing and maintenance costs are hampering the growth prospects of the market. Strong wireless connectivity in region such as North America has facilitated the widespread adoption of smart antennas. Some of the prominent smart antenna vendors are Airgain, Broadcom, Intel, Motorola Solutions, Qualcomm Technologies, Telstra and Texas Instruments.
Further key findings from the report suggest:
- The global smart antenna market is expected to expand at a CAGR of 8.2% over the forecast period.
- The MIMO segment is estimated to dominate the market throughout the forecast period, representing more than 55.0% of the overall revenue by 2025. The growth of the segment can be attributed to increasing usage of wireless and smart devices
- The cellular systems segment is anticipated to lead the market throughout the forecast period, exhibiting a CAGR of 5.6%
- North America will continue to be the most prominent regional market owing to early adoption of the technology and presence of leading market players
- Prominent players in the market include Airgain Inc.; Broadcom Limited; Intel Corporation; Motorola Solutions, Inc.; Qualcomm Technologies, Inc.; Telstra; and Texas Instruments Inc.
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