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Worldwide Market Share for 5G Smart Antenna Projected to Reach USD 6,325 Million by 2026: Facts & Factors

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Worldwide Market Share for 5G Smart Antenna Projected to Reach USD 6,325 Million by 2026: Facts & Factors

July 12
19:51 2021
Worldwide Market Share for 5G Smart Antenna Projected to Reach USD 6,325 Million by 2026: Facts & Factors
[195+ Pages Report] According to Facts and Factors market research, 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.

According to Fats and Factors market research, 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.

The Global 5G Smart Antenna Market Is Powered by Use of 5G Technology for Applications that Need Ultra-Low Latency and Ultra-Reliability and Significant Development in the 5G Technologies

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. Smart antennas are a vital component of a wireless communication system and complete spatial signal processing with different antennas. With various developments in smart antenna technology, the use of multiple antennas has been extended to both receiver as well as transmitter and this is referred to as the MIMO system.

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5G is also referred to as fifth-generation cellular network technology. 5G is a successor to 4G, the fourth-generation cellular network technology. A key advantage of the 5G cellular network technology is that it has higher bandwidth and offers higher internet speed as well as higher download speed than 4G cellular network technology. 5G technology can give download speeds up to 10 gigabits per second as they function using high-frequency radio waves.  5G technology powered by smart antennas will offer low latency and ultra-reliability. 5G technology integrated with smart antennas can be used for various applications such as robotics, autonomous vehicles, drones, etc.

Industry Major Market Players

  • Mitsubishi Electric Corporation
  • Keysight Technologies
  • National Instruments
  • Ericsson AB
  • Huawei Technologies Co. Ltd.
  • Qualcomm Technologies Inc.
  • ZTE Corporation
  • Nokia Corporation
  • Samsung Electronics Co. Ltd.

 

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5G Smart Antenna Market: Growth Factors

The 5G smart antenna market has been driven by the rapid deployment of 5G technology. Owing to the rapid deployment of 5G, the number of 5G base stations to be deployed around the world is expected to increase in years ahead. In France, Orange operator deployed nearly 367 antennas and Bouygues Telecom is expected to install 67 antennas, which are under test and SFR 43. With the ongoing launch of 5G technology and investment in 5G technology in regions like North America, Asia Pacific, and Western Europe, the number of 5G base stations deployed is estimated to increase rapidly. By the end of 2024, in China, the number of 5G base stations deployed around the country is predicted to reach a value of approximately 6.22 million and the number of 5G base stations by the end of 2019, installed in China, was nearly 0.13 million. These trends are expected to drive the global 5G smart antenna market. Further, the anticipated to grow in the 5G technology penetration is expected to create new avenues for the 5G smart antenna market. In Mexico, the 5G mobile connections are anticipated to account for nearly 12% of the total mobile connections in Mexico in 2020. The number of 5G subscribers in Latin America is expected to reach a value of 92 million by the end of 2025. In addition, investment in developing the 5G infrastructure is also expected to create new opportunities for the 5G smart antenna market worldwide.

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5G Smart Antenna Market: Regional Analysis

In terms of geography, North America is expected to hold the majority of the market share in the global 5G smart antenna market. Increasing investment by telecom companies in new 5G technologies is expected to be one of the growth driving factors for the global 5G smart antenna market. Further, Asia Pacific is expected to record the highest growth owing to an increase in the growth of the telecom industry in the region and an expected rapid increase in the number of 5G subscriptions in the Asia Pacific.

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The taxonomy of the 5G smart antenna market by its scope and segmentation is as follows:

Global 5G Smart Antenna Market: Type Analysis

  • Switched Multi-Beam Antenna
  • Adaptive Array Antenna

 

Global 5G Smart Antenna Market: Technology Analysis

  • SIMO
  • MISO
  • MIMO

 

Global 5G Smart Antenna Market: Application Analysis

  • Mobile Phones
  • Factory Automation
  • IoT
  • Connected Vehicles
  • Others

 

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