Smart antenna market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.
Smart Antenna Market Receives Tailwinds from Soaring Demand for Long-range Encrypted Data Transfer
With growing digitization, the demand for smart antennas increased considerably to gain flawless connectivity and fast and secure two-way communication. The world being technologically and digitally connected, the demand for encrypted and long-range transfer of data has risen. This has influenced the growth of the smart antenna market across emerging economies and developed nations. Moreover, the application of smart antennas is increasing beyond the usual spectrum. Their adoption has grown significantly paving new pathways for smart antenna market on the global front. Apart from mainstream end use industries, other niche industrial segments are also being tapped by companies in the smart antenna market. For example, in April 2022, a distribution deal was signed between Volvo Construction Equipment and Hemisphere GNSS. As per this contract, distribution of Hemisphere GNSS’s new smart antennas, the S631 GNSS, would be carried out for the construction business positioning them as a safe data transfer solution. This factor is likely to bode well for the smart antenna market.
Use in Autonomous Vehicles to Bolster Growth of Smart Antenna Market
Advent of autonomous vehicles coupled with rising demand for wireless communication is likely to provide incremental opportunities to companies in the smart antenna market. Proliferation of autonomous cars backed by intelligent algorithms has resulted in companies providing smart antennas to focus on research and development. Connectivity among several entities has prevailed as a critical requirement to establish digital transformation. Key stakeholders in the market are putting efforts in developing reliable and powerful network connections that facilitate receiving and sending of huge quantities of data. With this technology OEMs can offer novel technical architecture and satisfy customer demand from entertainment and connectivity standpoints. In addition, smart antennas are invisible and reduce net weight of the vehicle and overall cost via short cable length and better cable routing. In this backdrop, the demand for smart antennas in the automotive sector, particularly in autonomous vehicles is expected to increase thus complementing the growth of the market.
Network Traffic Problems in Home Settings Stimulate Smart Antenna Market
The COVID-19 pandemic embossed a major disruption on several businesses in 2020. However, some businesses witnessed a spike in their usual statistics amidst the pandemic. Since the COVID-19 pandemic, remote working gained significant traction across the globe with a view to curb the spread of the virus. This also fueled the adoption of 5G and 4G technologies in home settings to obtain uninterrupted network. However, this resulted in an unprecedented network traffic resulting in frequent fluctuations in internet speeds in residential and home settings. Companies providing smart antennashave been capitalizing on this scenario and are focusing on developing advanced and technologically sound products. This aspect is likely to provide new opportunities for the growth of the smart antenna market in the forthcoming years.
Smartphone Proliferation to Augur Well for Smart Antenna Market
With technological advancements, the use of smart consumer devices has increased considerably over the years. Individuals are opting for smart devices that are portable or mobile. This has influenced the use of smartphones since decades as they are a viable alternative to bulky consumer electronic devices. However, with growing adoption, challenges such as poor battery life, call drops and connectivity issues have been surfacing. With smart antenna systems network performance can be enhanced substantially alongside facilitating power savings. Conventional omnidirectional antennas result in interference and power wastage. However, smart antenna systems can find the signal direction and point towards it to gain optimum signal strength. This consequently avoids drops in calls and enhances battery life. That said, rampant proliferation of smartphones is expected to provide ample opportunities for the growth of smart antenna market on the global front.
Use of Smart Antenna in Wireless Communication Systems to Uplift Smart Antenna Market Growth
In addition, rising demand for wireless and high-speed communication is expected to promote market growth. Wireless technology is an essential component of mobile communication. However, it is impacted by pressing challenges such as interference and spectral efficiency issues. With smart antennas, the efficiency of the spectrum can be increased by exploiting spatial domain. This further improves performance of wireless systems thus enabling wireless local loop (WLL), personal communication services (PCS) and cellular networks to provide efficient service. Furthermore, Co-channel interference and multipath interference, that hamper wireless communication system performance, can be addressed using smart antennas. In this backdrop, rising demand for wireless communication is projected to emboss a positive impact on the market growth.
North America to Lead the Smart Antenna Market
Widespread adoption of smartphones coupled with technological developments continue to influence the smart antenna market growth in North America. In addition, the superior infrastructure, strong economy, and early adoption of technology by consumers are few of the vital factors propelling the adoption of smart antennas. Moreover, other aspects such as presence of major technology companies and rising 5G smart antenna demands have contributed towards the revenue growth of the market in the region. Given this background, the market in North America is likely to remain optimistic in the forthcoming years.
Smart Antenna Market: Competitive Landscape
A few of the major players in the market include Broadcom Limited, Sierra Wireless, Airgain Inc., Linx Technologies, Qualcomm Technologies Inc., Intel Corporation, and Motorola Solutions Inc.
Regional Classification of the Global Smart Antenna Market is Listed Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Smart Antenna Market
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