World 5G Sensible Antenna Market Share Anticipated To Attain $ 6,325 Million By 2026: Details And Elements
[195+ Pages Report] According to market research by Facts and Factors, the global 5G smart antenna market was about $ 260 million in 2019. The market is expected to grow at a CAGR of 57% and reach around $ 6,325 million by 2026.
According to Fats and Factors market research, the global 5G smart antenna market was about $ 260 million in 2019. The market is is expected to grow at a CAGR of 57% and is expected to reach around $ 6,325 million by 2026.
The global 5G smart antenna market is being driven by the use of 5G technology for applications that require extremely low latency and extremely high reliability, as well as significant development of 5G technologies
Smart antennas are also known as digital antenna arrays, adaptive array antennas, or multiple antennas. A smart antenna is an antenna array that has intelligent 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 commonly used for applications such as direction of arrival (DOA) estimation of the signal, interference cancellation, beamforming, etc. In general, there are two types of adaptive arrays and switched beams of smart antennas. Smart antennas are an essential part of a wireless communication system and complete spatial signal processing with different antennas. With various developments in smart antenna technology, the use of multiple antennas has expanded to include both receivers and transmitters and this is known as the MIMO system.
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5G is also known as fifth generation cellular technology. 5G is a successor to 4G, the fourth generation of cellular technology. A key advantage of 5G cellular technology is that it offers higher bandwidth and higher internet speeds, as well as higher download speeds than 4G cellular technology. 5G technology can enable download speeds of up to 10 gigabits per second because it works with high-frequency radio waves. The 5G technology, which is powered by intelligent antennas, offers low latency times and maximum reliability. The 5G technology integrated with smart antennas can be used for various applications such as robotics, autonomous vehicles, drones, etc.
Important market participants in the industry
- Mitsubishi Electric Corporation
- Keysight Technologies
- National Instruments
- Ericsson AB
- Huawei Technologies Co. Ltd.
- Qualcomm Technologies Inc.
- ZTE Corporation
- Nokia Corporation
- Samsung Electronics Co. Ltd.
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5G Smart Antenna Market: Growth Drivers
The 5G smart antenna market has been driven by the rapid adoption of 5G technology. Due to the rapid introduction of 5G, it is expected that the number of 5G base stations used worldwide will increase in the coming years. In France, the Orange operator 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 technology in regions such as North America, Asia-Pacific and West In Europe, it is estimated that the number of 5G base stations in use will increase rapidly. By the end of 2024, the number of 5G base stations installed across the country is projected to reach around 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 drive the global 5G smart antenna market. In addition, the expected increase in 5G technology penetration 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, if investments in the development of the 5G infrastructure are also to create new opportunities for the 5G smart antenna market worldwide.
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5G Smart Antenna Market: Regional Analysis
In terms of geography, North America is expected to hold the majority of the market share in the global 5G smart antenna market. It is expected that increasing investments by telecommunications companies in new 5G technologies will be one of the growth drivers for the global 5G smart antenna market. In addition, the Asia-Pacific region is expected to see the highest growth due to the increasing growth of the telecommunications industry in the region and an expected rapid increase in the number of 5G subscriptions in the Asia-Pacific region.
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The taxonomy of the 5G smart antenna market by scope and segmentation is as follows:
Global 5G Smart Antenna Market: Type Analysis
- Switched multi-beam antenna
- Adaptive array antenna
Global 5G Smart Antenna Market: Technology Analysis
Global 5G Smart Antenna Market: Application Analysis
- Mobile phones
- Factory automation
- Connected vehicles
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