ALBANY, New York, April 21, 2016 /PRNewswire/ --
Transparency Market Research (TMR) has published a new report, titled "Smart Antenna Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023." According to the report, the global smart antenna market is projected to expand at a healthy CAGR of 8.50% during the forecast period from 2015 to 2023. In 2014, the global smart antenna market was estimated at US$14.7 bn and by 2023, the market is expected to be worth US$30.1 bn.
Full Research Report on Global Smart Antenna Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/smart-antenna.html
Smart antennas are multi-element antennas capable of receiving signals at each element. These signals are combined and managed smartly to enhance the performance of a wireless system. Smart antennas are capable of suppressing interfering signals, boosting the signal range, and combating signal fading. Companies in the global smart antenna market will benefit from the multipronged technological advancement in cellular networks. One such development is the use of smart antennas in upcoming 5G technology, which is projected to boost the demand for smart antennas significantly.
The global smart antenna market is driven by the rising demand for smart antennas required in wireless communication. Furthermore, the growing application of smart antennas in smartphones will also fuel the global smart antenna market. Nevertheless, the cost and design issues associated with smart antennas will continue to challenge the global smart antenna market during the forecast period.
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Broadly, the global smart antenna market is segmented on the basis of product type, technology type, application type, and geography. According to product type, the global smart antenna market is bifurcated into adaptive array antennas and switched multibeam antennas. In 2014, the adaptive array antennas segment stood out as the largest contributor to the market. This segment is projected to continue its dominance during the forecast period. Nevertheless, the switched multibeam antenna segment is projected to witness significant growth during the forecast period as these systems offer a significant gain in capacity and coverage as compared to conventional antennas.
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On the basis of technology type, the global smart antenna market is classified into MISO (multiple input single output), MIMO (multiple input multiple output), and SIMO (single input multiple output). The cellular systems segment led the global smart antenna market in 2014. This segment is expected to witness steady growth during the forecasting horizon. Application-wise, the global smart antenna market is divided into RADAR, cellular systems, WiMax systems, Wi-Fi systems, and others.
Regionally, the global smart antenna market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). Presently, North America is leading the global smart antenna market, followed by Europe. According to the report, the North America segment will continue to dominate the global smart antenna market during the forecast period. The North America segment is driven by the high demand for faster data transmission in modern communication systems along with high-speed web browsing and downloading. This trend is pushing companies in this regional market to advance the efficiency of wireless transmission, which has elevated the consumption of smart antennas in Canada and the U.S.
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The key players operating in the global smart antenna market are California Amplifier, Motorola Solutions, ArrayComm, Intel, Cobham Antenna Systems, and Alcatel-Lucent International Holdings.
The segments covered in the Smart Antenna market are as follows:
Global Smart Antenna Market: By Type
- Switched Multibeam Antenna
- Adaptive Array Antenna
Global Smart Antenna Market: By Technology Type
- SIMO (Single Input Multiple Output)
- MIMO (Multiple Input Multiple Output)
- MISO (Multiple Input Single Output)
Global Smart Antenna Market: By Application Type
- Wi-Fi systems
- WiMax systems
- Cellular systems
Global Smart Antenna Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacfic
- Rest of the World (RoW)
- Middle East
- Latin America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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