Smart Antenna Market Size, Share & Trends Analysis By Application (Cellular Systems, WiMAX Systems, Wi-Fi Systems, RADAR Systems), By Technology (SIMO, MIMO, MISO) By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global smart antenna market size was valued at USD 6.37 billion in 2021 and is anticipated to expand at a CAGR of 9.68% from 2022 to 2030. Smart antennas can receive and decode most types of signals without any errors. The market is rapidly growing as the technology allows for secure and high-speed two-way communication. Modern technological application means industries are fully dependent on fast two-way communication which increases the demand for the smart antenna market. The market continues to expand with the application of 5G millimeter-wave radio frequencies. As the world is digitally connected the need for long-range, encrypted data transfer has risen. This has created a strong demand for the market in developed and developing countries.

The market has also created opportunities for manufacturing and maintenance systems to maintain the upkeep of the products. As this market is a technical industry, product development is gradual and directly proportional to technological advances. The market is mainly targeted at the commercial industry and has widespread applications.

Nowadays, smart antennas are being used in industries outside the regular spectrum as well. The use cases for smart antennas have increased exponentially creating a heavy reliance on the market around the world. Along with the mainstream industries, the smart manufacturing market also provides solutions to niche industries. For instance, in April 2022, Hemisphere GNSS signed a distribution deal with Volvo Construction Equipment to distribute their new S631 GNSS smart antennas with control and data transfer solutions to construction companies.

The global smart antenna was impacted drastically as a result of the COVID-19 pandemic outbreak. The technology was in demand during the early stages of the pandemic as it enabled secure and fast remote work solutions, however, the production of smart antennas was affected as a direct result of lockdowns and factory shutdowns. However, since then, the market has created an opportunity of the crisis to expand the market to untapped regions. The market has also introduced compatibility for future frequencies making their products more long-lasting and appealing.

In India, industries and companies are undergoing the process of replacing their old standard antenna systems with modern smart antennas to keep up with the dynamic and significantly heavy usage of services. The information and communications technology industry has used smart antennas to create their own custom and unique use case and solutions. The low cost of manufacturing and labor in developing countries like India and China has created a big boom in the smart antenna market in those regions. The application of smart antennas is also higher in these regions as they are still using older generation frequencies as compared to the western world.

Application Insights

The cellular systems segment accounted for the largest market share in 2021. The major application use of smart antennas is in cellular systems. The other significant application bases of smart antennas are RADAR, WiMAX, and Wi-Fi systems. Smart antennas use a cluster of input and output antennas to increase the signal strength and quality. This system has been prominent for  deploying 4G and 5G through smart antennas.

The WiMAX system segment is anticipated to grow at the highest CAGR of 11.41% from 2022 to 2030. The WiMAX system enables operators to have more flexible options for mobile and fixed communication systems. Wi-Fi solutions are required for homes, colleges, and enterprises and smart antennas provide secure and long-range solutions for all. Smart antennas are able to provide secure solutions for Wi-Fi in the form of traditional and advanced multi-layer security.

Technology Insights

The multiple input & multiple output (MIMO) technology segment is predicted to grow with the highest CAGR of 10.42% over the forecast period. The other important technology segments are single input & multiple output and multiple input & single output. The MIMO segment is the most advanced and widely used in the market currently. The MIMO technology offers boosted signal transfer at minimal costs and is highly preferred for its ease of use and cost benefits.

The other technologies use single-channel arrays from the transmitters and do not offer strong signal quality. The older technologies are useful for slower and less data-intensive frequencies like 2G and radio waves. The data security in non-MIMO smart antennas is also lower as there is a lack of encryption. However, to upgrade the old technology-based smart antennas, the entire system needs to be replaced altogether.

Regional Insights

The North America region accounted for the largest market share of 31.06% in 2021. The region is performing strongly as a result of high smartphone penetration with high-level 5G smart antenna requirements. The market also has an established base of key players in the North America region due to early adoption. Rapid development and deployment of technology have also resulted in the market performing strongly year over year in North America.

Asia Pacific is expected to emerge as the fastest-growing regional market at a CAGR of 12.10% from 2022 to 2030. Developing countries in this region provide a lot of opportunities at a low cost for the market to grow. As Asia Pacific region remains widely untapped, a lot of new intrants and startups for the market can be seen. The governments in this region also allow various tax and industrial benefits for the  market thus stimulating its growth further.

Key Companies & Market Share Insights

In the smart antenna market, to solidify their presence and thrive in an ever-growing and competitive business industry, prominent market players conduct mergers & acquisitions and partnerships. With new technologies being introduced at a rapid rate, the market generates products around the need and demand. To gain an advantage over competitors, companies invest heavily in research and development and also strike temporary strategic partnerships. The major players currently in the market are Airgain Inc.; Intel Corporation; Qualcomm Technologies; and Texas Instruments Inc.

Progress in technology and manufacturing standards are enabling businesses to save time and money while increasing their efficiency and effectiveness. Most industries in the market were able to convert the unforeseen problems of the COVID-19 pandemic into growth and expansion opportunities in a short period. As more and more technology products are becoming  smaller in size, the more the demand for small smart antennas is increasing.  This is to keep them connected and compatible for communication. As smartphone demand increases, smart antenna demand also increases due to smartphones being the perfect use case for smart antenna’s capabilities. Some of the prominent players in the global smart antenna market:

• Airgain, Inc

• Broadcom Limited

• Intel Corporation

• Linx Technologies

• Motorola Solutions, Inc.

• Sierra Wireless

• Qualcomm Technologies, Inc.

Smart Antenna Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030.  Grand View Research has segmented the global smart antenna market report based on application, technology, and region:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Wi-Fi Systems

  • WiMAX Systems

  • Cellular Systems

  • RADAR Systems

• Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • SIMO

  • MIMO

  • MISO

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Rest of the World