According to the latest report by IMARC Group "Smart Antenna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global smart antenna market size reached US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting a growth rate (CAGR) of 8.8% during 2022-2027.
Smart antenna is an array device that is widely utilized for the transmission and reception of radiofrequency (RF) waves. It assists in improving the overall data speed and minimizing the error rate. Commonly used with smart signal processing algorithms, they enable smooth wireless communications from several receivers and control the transmission of signals and coverage in mobile wireless networks. Consequently, these devices are widely employed by the defense, automotive, telecommunication and information technology (IT) sectors for multiple applications.
Request for a free sample copy of this report: https://www.imarcgroup.com/smart-antenna-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global market is majorly driven by the rising need for data transmission systems across numerous industry verticals. Smart antennas form an essential component in power control, range extension, and multiple access interferences. They are also used for reducing signal fading and multipath management for seamless wireless communications, thereby providing an impetus to the market growth. The market is further driven by the advent of smart antennas with signal customization facilities. Some of the other factors contributing to the market growth include the growing applications in the automotive sector and extensive research and development (R&D) activities conducted by key players.
Breakup by Technology:
Breakup by Application:
Market Breakup by Region: