International 5G Sensible Antenna Market Will Attain USD 6,325 Million By 2026: Info And Components
New York, NY, December 22, 2020 (GLOBE NEWSWIRE) – Facts and Factors released a new research report entitled “5G Smart Antenna Market By Type (Switched Multi-Beam Antenna and Adaptive Array Antenna), By Technology (SIMO, MISO, and MIMO) and by application (cell phones, factory automation, IoT, connected vehicles and others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026 ”.
According to the research study, the global 5G smart antenna market was estimated at USD 260 million in 2019 and is projected to reach USD 6,325 million by 2026. The global 5G smart antenna market is expected to grow at an annual average growth rate (CAGR). from USD 57% from 2019 to 2026.
The global 5G smart antenna market is being driven by the use of 5G technology for applications that require extremely low latency and ultra reliability, as well as significant development of 5G technologies.
Intelligent antennas are also known 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 to identify spatial signal signatures. These are also used to locate and track antenna beams on a 5G device by computing beamforming vectors. Smart antennas are generally used for applications such as direction of arrival (DOA) estimation of the signal, interference cancellation, beamforming, etc. In general, there are two types of smart antenna and switched beam adaptive arrays. Smart antennas are an essential part of a wireless communication system and provide complete spatial signal processing with different antennas. With various developments in intelligent antenna technology, the use of multiple antennas has expanded to include both receivers and transmitters, and this is called the MIMO system.
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- Market size and forecast by sales | 2020-2026
- Market Dynamics – Leading Trends, Growth Drivers, Restrictions, and Investment Opportunities
- Market Segmentation – A detailed analysis by product, type, end-user, application, segments and geography
- Competitive Landscape – Top Vendors and Other Well Known Vendors
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5G is also known as the fifth generation of cellular network technology. 5G is a successor to 4G, the fourth generation of cellular network technology. A major advantage of 5G cellular network technology is that it offers higher bandwidth and higher internet speeds, as well as higher download speeds than 4G cellular network technology. 5G technology can enable download speeds of up to 10 gigabits per second because it works with high-frequency radio waves. 5G technology with intelligent antennas offers low latency and maximum reliability. The 5G technology built into smart antennas can be used for various applications such as robotics, autonomous vehicles, drones, etc.
Top market participants
Some of the major players in the 5G Smart Antenna Market including, but not limited to, Mitsubishi Electric Corporation, Keysight Technologies, National Instruments, Ericsson AB, Huawei Technologies Co. Ltd., Qualcomm Technologies, Inc., ZTE Corporation, Nokia Corporation , Samsung Electronics Co., Ltd., among others.
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5G Smart Antenna Market: Growth Driver
The 5G smart antenna market has been driven by the rapid adoption of 5G technology. Due to the rapid deployment of 5G, the number of 5G base stations in use worldwide is expected to increase in the coming years. In France, the Orange operator has deployed almost 367 antennas and Bouygues Telecom is expected to install 67 antennas, which are currently being tested, and SFR 43. With the ongoing adoption of 5G technology and investments in 5G technologies in regions such as North America, Asia -Pacific and West In Europe, the number of 5G base stations in use is expected to increase rapidly. By the end of 2024, the number of 5G base stations deployed across the country is expected to reach approximately 6.22 million in China, and the number of 5G base stations installed in China by the end of 2019 was nearly 0.13 million. These trends are expected to increase the global market share of 5G smart antennas.
In addition, the expected growth in 5G technology is expected to open new avenues for the 5G smart antenna market. In Mexico, 5G cellular connections are projected to account for nearly 12% of total cellular connections in Mexico in 2020. The number of 5G subscribers in Latin America is expected to reach 92 million by the end of 2025. Investments in the development of 5G infrastructure are also expected to create new opportunities for the global 5G smart antenna market.
Global 5G Smart Antenna Market: Type Analysis
- Switched multi-beam antenna
- Adaptive array antenna
Global 5G Smart Antennas Market: Technology Analysis
Global 5G Smart Antennas Market: Application Analysis
- Mobile phones
- Factory automation
- Connected vehicles
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The 5G smart antenna market has been driven by the rapid adoption of 5G technology. Due to the rapid deployment of 5G, the number of 5G base stations in use worldwide is expected to increase in the coming years. In addition, the expected increase in the diffusion of 5G technologies and investments in the development of 5G infrastructure are expected to open new avenues for the 5G smart antenna market.
The 5G Smart Antennas market research report provides an acute assessment and taxonomy of the 5G Smart Antennas industry by practically segmenting the market across different types, applications, industries, and regions. By analyzing the historical and forecast trends, all segments and sub-segments were assessed using the bottom-up approach, and different market sizes were forecast for the fiscal year 2020 to 2026.
Browse the full 5G Smart Antennas Market by Type (Switched Multi-Beam Antenna and Adaptive Array Antenna), by Technology (SIMO, MISO, and MIMO), and by Application (Cell Phones, Factory Automation, IoT, Connected Vehicles, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends and Forecasts, Report 2020-2026 “at https://www.fnfresearch.com/5g-smart- Antenna Market
5G Smart Antenna Market: Regional Analysis
In terms of geography, North America is expected to hold most of the market share in the global 5G smart antenna market. The increasing investment by telecommunications companies in new 5G technologies is likely to be one of the growth drivers for the global market for intelligent 5G antennas. In addition, the Asia-Pacific region is expected to see the highest growth due to a growth in the telecommunications industry in the region and an expected rapid increase in the number of 5G subscriptions in the Asia-Pacific region.
Important findings from primary research
- According to our primary research, due to the rapid global adoption of 5G technology, the global 5G smart antenna market was valued at nearly $ 260 million in 2019 and is expected to grow 57% in 2020-2026.
- Investments in new 5G antenna technologies and smart antenna technologies are expected to open new avenues for the global 5G smart antenna market.
- Depending on the type, the segment of switched multi-beam antennas is expected to dominate the global market for 5G smart antennas by the end of 2026.
- In terms of application, the cellphone segment is expected to have a large share of the global 5G smart antenna market by the end of 2026.
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The quantitative data is further underlined and reinforced by extensive qualitative data spanning various general market dynamics. The reasons that directly or indirectly affect the 5G industry for intelligent antennas are illustrated by parameters such as growth drivers, restrictions, challenges and opportunities, among other things.
In our research report, we have summarized all the tried and tested models and tools of industry analysis and detailed all the important business strategies and business models of the 5G smart antenna industry. The report provides a comprehensive and detailed competitive landscape dominating the 5G Smart Antenna Market.
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