The global smart antenna market size is expected to reach USD 14.54 billion by 2032, according to a new study by Polaris Market Research. The report “Global Smart Antenna Market Size, Share, Trends, Industry Analysis Report: By Type, By Technology (SIMO, MIMO, MISO), By Product, By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The smart antenna market is experiencing significant growth owing to the rise in wireless connectivity solutions usage attributed to digital transformation. The expanding adoption of wireless systems, wireless communications, and the rising incorporation of smart antennas in consumer electronic devices like laptops, tablets, wearables, smartphones, and other gadgets are further driving the market expansion.
Market players are developing sustainable smart antenna in response to the increasing customer demand. These antennas efficiently transmit and receive data across multiple users and devices simultaneously without requiring additional energy, even during periods of increased network traffic. Sustainable smart antenna forms an essential component of 5G infrastructure as it supports sustainability and reduces carbon footprint.
For instance, in March 2023, Huawei introduced the Eco series smart antennas designed to lower site power consumption and enhance network energy efficiency by reducing carbon emissions. The Eco series antennas enable operators to establish environmentally friendly, high-performance 5G networks.
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The increasing adoption of satellite communications in smart antennas is driving the market expansion. This expansion is driven by the growing demand for satellite-assisted combat, the rise in space exploration missions, improved deployment of small satellites, and cost-effective satellite launch operations.
For instance, Greenerwave, a French startup, is developing a terminal that utilizes a technology known as reconfigurable intelligent surface (RIS) to lower expenses and energy usage.
Smart Antenna Market Report Highlights
Polaris Market Research has segmented the smart antenna market report based on type, technology, product, application, and region:
Smart Antenna– Type Outlook (Revenue - USD billion, 2019–2032)
Smart Antenna– Technology Outlook (Revenue - USD billion, 2019–2032)
Smart Antenna– Product Outlook (Revenue - USD Billion, 2019–2032)
Smart Antenna– Application Outlook (Revenue - USD billion, 2019–2032)
Smart Antenna– Regional Outlook (Revenue - USD billion, 2019–2032)
Report Attributes |
Details |
Market Size Value in 2023 |
USD 6.60 billion |
Market Size Value in 2024 |
USD 7.19 billion |
Revenue Forecast in 2032 |
USD 14.54 billion |
CAGR |
9.2% from 2024 – 2032 |
Base Year |
2023 |
Historical Data |
2019 – 2022 |
Forecast Period |
2024 – 2032 |
Quantitative Units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
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Regional Scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |