Smart Antenna Market — Forecast Research Reports Offers Key Insights

Market-Research

Smart antenna refers to a digital wireless communications antenna system that enables effortless performance of communication systems by efficiently managing the signals that are received through each antenna. These are also known as multiple antennas or adaptive antennas (MIMO) and are extensively being used to identify the direction of the arriving signal at the transmitter and receiver or both.

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The demand for smart antennas has been on the rise as they are known to enhance the signal range, reducing fading of signals, suppressing interfering signals, and thus improving the capacity of the wireless communication system.

Analysts project that the global smart antenna market is likely to be worth US$30.12 bn by the end of 2023 as compared to US$14.72 bn in 2014. During the forecast years of 2015 and 2023, the global market is projected to surge at a CAGR of 8.5%.