The Global 5G Smart Anetnna Market is expected to reach US$ 3.1 billion by 2026, growing with a CAGR of 24.6% by 2027.
The ripple effect of Coronavirus-COVID19 on the 5G Smart Anetnna Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the 5G Smart Anetnna Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.
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5G smart antennas are being deployed worldwide to support 5G mobile network, which aims to be an ‘everything network’ available to everyone and everywhere. 5G offers high reliable network at high data rate service. High data rates require higher bandwidth that are available at higher frequency bands such as mm-Wave.
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Market Segmentation:
Following Top Key players are profiled in this Market Study:
The key players in the 5G smart antenna market are Airspan Networks Inc., Telefonaktiebolaget LM Ericsson, TE Connectivity Ltd., Murata Manufacturing Co., Ltd., Broadcom Inc., Laird Connectivity, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., NXP Semiconductors, and PCTEL Inc., amongst others
By Application: Mission Critical Communication, Industrial Automation and Robotics, Connected and Self-Driving Vehicles, Drones and Unmanned Aerial Vehicles, Others
Based on technology, MIMO is expected to hold a significant share during the forecast period
5G smart antenna arrays use Multiple Input Multiple Output (MIMO) both at the source and the destination in order to improve signal quality. The market for MIMO technology is expected to reach US$ 1.5 Bn by 2026, as it supports various applications such as advanced enterprise solutions and industrial automation services, among others. The MIMO technology is used to increase the efficiency of the network and to minimize errors. The advantages provided by MIMO that are useful in 5G smart antennas are reduced latency, simplification of media access control (MAC) layer, increasing data rate, channel hardening, less costs, and low power components.
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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
Asia Pacific region is expected to grow with the highest CAGR during the forecast period in the 5G smart antenna market.
Asia Pacific countries are adopting advanced and new technologies across various end-use industries. The use of 5G will play an important role in advanced technologies such as machine learning, IoT, machine-to-machine communication, industrial automation, and smart cities. The deployment of 5G network and 5G infrastructure such as 5G smart antenna will create opportunities for smart cities. The governments of various countries in the region are taking initiatives to improve 5G network and infrastructure. For instance, the government of China has drawn up policies to support industry R&D and 5G commercialization by 2020, under its national strategy including the 13th Five-Year Plan and Made in China 2025.
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