The global smart antenna market size is expected to reach USD 8.95 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Soaring need for upgraded technologies and high-quality communication through wireless devices is triggering the adoption of smart antennas. Smart antenna is used in various applications such as Wi-Fi systems, WiMAX systems, cellular systems, and RADAR systems. Benefits such as error-free communication, customized data paths, easy flow of data, and prevention of co-channel interference are anticipated to propel market.
High manufacturing and maintenance costs are hampering the growth prospects of the market. Strong wireless connectivity in region such as North America has facilitated the widespread adoption of smart antennas. Some of the prominent smart antenna vendors are Airgain Inc.; Broadcom Limited; Intel Corporation; Motorola Solutions, Inc.; Qualcomm Technologies, Inc.; Telstra; and Texas Instruments Inc.
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Further key findings from the study suggest:
Grand View Research has segmented the global smart antenna market report based on application, technology, and region:
Smart Antenna Application Outlook (Revenue, USD Million, 2014-2025)
Smart Antenna Technology Outlook (Revenue, USD Million, 2014-2025)
Smart Antenna Regional Outlook (Revenue, USD Million, 2014-2025)
SOURCE: Grand View Research, Inc.