5G Smart Antenna Market Set to Reach USD 6,325 Million by End of 2026
The global 5G Smart Antenna Market in 2019 was approximately USD 260 million. The market is expected to grow at a CAGR of 57% and is anticipated to reach around USD 6,325 million by 2026.
Smart antennas are also referred to as digital antenna arrays, adaptive array antennas, or multiple antennas. A smart antenna is an antenna array that has smart or digital signal processing algorithms and is used for identifying spatial signal signatures. These are further used to locate and track antenna beams on a 5G device by calculating beamforming vectors. Smart antennas are generally used for applications such as estimation of direction of arrival (DOA) of the signal, interference nulling, beamforming, etc. Generally, there are two types of smart antennas adaptive array and switched beam.
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The 5G smart antenna market is segmented based on type, technology, application, and region. On the basis of type segmentation, the market is classified into switched multi-beam antenna and adaptive array antenna. In terms of technology, the 5G smart antenna market is classified as SIMO, MISO, and MIMO. In terms of application segmentation, the market is bifurcated into mobile phones, factory automation, IoT, connected vehicles, and others.
The 5G smart antenna market research report delivers an acute valuation and taxonomy of the 5G smart antenna industry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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Top Market Players
Some of the essential players operating in the 5G smart antenna market, but not restricted to include Mitsubishi Electric Corporation, Keysight Technologies, National Instruments, Ericsson AB, Huawei Technologies Co. Ltd., Qualcomm Technologies, Inc., ZTE Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., among others.