Smart Antenna Market Segments, Impact of COVID-19And Forecast By End-Use Industry 2022-2031

Unprecedented Traffic on Networks amid Coronavirus Pandemic Boosts Demand for Smart Antenna

Remote working in healthcare settings and work from home initiatives have bolstered the growth of the smart antenna market during the coronavirus crisis. The growing adoption of 4G and 5G technologies is driving the global market. This is evident since cellular networks and Wi-Fi systems are witnessing increased traffic in home environments and residential spaces.

Due to the ongoing COVID-19 outbreak, defense forces in various countries are under pressure to safeguard borders since the socio-economic condition of several countries is vulnerable. Companies in the smart antenna market are capitalizing on this opportunity to increase the availability of products with defense forces since they play an essential role in safeguarding the nation.

Manufacturers Optimize Thin Film Deposition Process to Improve Conductivity of Transparent Antennas

The Luxembourg Institute of Science and Technology (LIST) is inviting an internship in processing of smart antenna for autonomous IoT (Internet of Things) sensor units. This signals robust growth of the smart antenna market, which is estimated to expand at a favorable CAGR of 8.5% during the assessment period. However, transparent antennas are subject to low gain, owing to the use of resistive materials and thinner conductive materials. Such challenges are being countered by means of employing antennas in array structure or by optimizing the thin film deposition process to improve its conductivity.

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Stakeholders are seeking to alleviate urban challenges in smart city initiatives to broaden their revenue streams.

Wireless Communication, Autonomous Vehicle Applications Drive Demand for 5G Antenna Solutions

The smart antenna market is projected to reach US$ 15 Bn by 2031. Movandi – a fast growing 5G mmWave RF (radio frequency) solutions company is increasing the availability of 5G antenna solutions with the beam forming technology to improve the performance of multi-gigabit networks. Companies in the smart antenna market are providing 5G millimeter wave solutions for small cell and base station applications.

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5G millimeter wave solutions are facilitating content delivery across mobile platforms, augmented reality services, and mission-critical vehicle-to-vehicle (V2V) applications.

Digital Transformation of Vehicles, Computers, Factories Fuels Market Growth

Analysts at the Transparency Market Research (TMR) opine that the entire world will be connected to the Internet through satellites. Merck Group – a leading science and technology company is anticipating a digital future with smart antennas used in cars, airplanes, and households with easy access to the online world from any location.

Digital networking of vehicles, factories, and households will be translating into incremental opportunities for stakeholders in the global smart antenna market. The proliferation of self-driving cars such as Tesla, intelligent algorithms, and powerful computers are keeping companies in the smart antenna market busy with research and development. Thus, connectivity among different entities has become a crucial requirement for establishing digital transformation. Stakeholders are increasing efforts to enable powerful and reliable network connections for sending and receiving large quantities of data.

Rise in Demand for Smartphones: A Key Driver of Smart Antenna Market
  • Number of ‘smart’ consumer electronic devices has steadily grown over the years. More and more people are opting for smarter devices, which are mobile or portable.
  • Smartphones have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, Internet applications, inbuilt GPS capabilities, and high data processing capabilities
  • Poor signal quality, short battery life, and dropped calls are posing to be the biggest barriers to smartphone advancements. Moreover, wireless operators aim to support more users per base station in order to make the services affordable to subscribers and reduce the overall network costs.

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Smart Antenna Market: Overview
  • According to Transparency Market Research’s latest research report on the global smart antenna market for the historical period of 20172019 and the forecast period of 20212031, usage of smart antennas in telecommunications, automobiles, IoT, and industrial sectors is expected to boost the global smart antenna market during the forecast period
  • In terms of revenue, the global smart antenna market is expected to reach the value of US$ 15 Bn by 2031, expanding at a CAGR of 8.5% during the forecast period