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5G Smart Antenna Market Size Forecast to Reach $7.1 Billion by 2026

(Publishing-NewsWire.com, January 09, 2022 ) The Global 5G Smart Antenna market size is forecast to reach $7.1 billion by 2026, growing at a CAGR of 23.7% from 2021 to 2026. Factors such as increasing demand for faster mobile broadband speeds, as well as capability of massive amounts of data, transfer more easily with minimum latency, high speeds, and connectivity and supporting MIMO communication have been acting as the prime factors boosting the market growth for 5G smart antennas. Additionally, increasing investments towards developing 5G smart phones or related products along with surge of wireless technologies, IoT and others are enhancing industrial automation requirements which is further analysed to drive the market forward in the long run. Moreover, rise of 5G deployments within various countries, shift towards connected vehicles or autonomous vehicles, need for faster data connection particularly for ICT industries overtime and so on is further set to fuel the growth of 5G smart antennas in the forecast period.



5G Smart Antenna Market Segment Analysis- By Communication Technology



Based on communication technology segmentation, Multiple Input Multiple Output (MIMO) market is analysed to grow with the highest CAGR of 9.7% in the global 5G Smart Antenna market during the forecast period 2021-2026. This market growth is attributed owing to its capability of combining the benefits of both technologies, namely SIMO and MISO. Due to its advantage of eliminating additional costs related to bandwidth as well as power transmission, they have been gaining wide popularity among various end-use applications overtime. In addition, 5G smart antennas leveraging MIMO communication technology act as an ideal alternative with its ability to compensate attenuation more efficiently through its multiple signal paths. Since there are frequent changes in the optimal signals during a 5G data or voice connection, opting for such smart antennas will help in offering the best signal irrespective of high levels of attenuation or signal related issues, which can be considered as a prime factor analysed to drive the market forward in the long run. Moreover, massive MIMO smart antenna technology can support a large customer base with much faster as well as reliable network connection, meeting large bandwidth requirements easily, which in turn is influencing the growth towards 5G smart antennas. High investments from Vodafone, Qualcomm, Huawei and many others towards enabling higher adoptability towards MIMO communication networks will be further impacting the demand for 5G smart antennas. In April 2021, a European networking giant, named Vodafone announced about its collaboration with Qualcomm Technologies as a part of making reference designs for the equipment makers working on developing Open Radio Access Network systems. With this collaboration, the companies will be working together in order to support the development of high-performance virtualized and modular 5G networks including support for massive MIMO antenna systems within the radio unit chips. Such factors are set to boost the growth of 5G smart antenna in the long run.



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5G Smart Antenna Market Segment Analysis - By Application



Connected & Self Driving Vehicles segment is analyzed to account for the highest growth of CAGR 11.3% in the global 5G Smart Antenna market during 2021-2026. Connected vehicles leverage a broad range of wireless technologies be it LTE, Wi-Fi, IoT and so on as a part of enabling advanced, faster and efficient vehicular communication for the end-users. Due to the requirement of high capacity and lower latency communication, need for 5G smart antennas will be impacted significantly across connected vehicles or autonomous driving applications owing to capabilities of offering improved bandwidth as well as latency in order to drive safer vehicle operations. Compared to traditional antennas, 5G smart antenna solution enables data from all areas of RF connections to be routed within the vehicle network, along with reducing signal losses during the transmission processes, adding as a major benefit for its market growth. In February 2019, Zhejiang Geely Holding Group had revealed about its plans of developing the first domestically mass produced 5G as well as C-V2X enabled vehicles by 2021. This development will be done through its collaboration with Qualcomm Technologies Inc. and Gosuncn Group with assistance on leveraging 5G networking including smart antennas. This collaboration is further set to drive the demand for 5G smart antennas as a part of enhancing vehicle communications for connected automotive applications in the long run. Additionally, in March 2020, SIMCom in collaboration with a Germany based leading Tier-1 supplier of automotive communication receiving systems had jointly developed a 4G/5G C-V2X vehicle mounted smart antenna, integrated with functions like MIMO, multiband as well as configuration support for all RF communication standards. This development was done to maximize throughput and coverage needs, for serving areas including vehicle-to-vehicle, vehicle-to-pedestrian as well as vehicle-to-infrastructure applications, thus analysed to significantly boost the market growth in the automotive markets owing to high investments towards connected vehicles during the forecast period.



5G Smart Antenna Market Segment Analysis - Geography



APAC region is analysed to witness the highest growth with CAGR 12.3% in the global 5G Smart Antenna market during the forecast period 2021-2026. Factors such as growing adoption of 5G smartphones, shift towards advanced technologies like IoT, AI and others along with rising demands towards faster network connectivity can be considered as some of the major drivers influencing the market growth for 5G smart antennas. Growing investments from telecom operators as well as government initiatives towards deployment of 5G base stations will be creating a positive impact on the growth towards 5G smart antennas in the long run. In addition, adoption of wireless smart and connected devices or systems owing to rapid industrial growth of IT sector, is further set to drive the needs for lower latency, high data speed and related 5G services, thereby significantly impacting the market growth towards 5G smart antennas across the region. High investments on R&D activities from some of the major market vendors including Comba Telecom, NEC Corporation with many others is anticipated to fuel the market forward in the coming years. In March 2020, Comba Telecom announced about the launch of a 5G Hybrid beam antenna and 5G outdoor sub-6 CPE, as a part of expanding its 5G product portfolio along with accelerating 5G IoT development. With support of 5G network coverage environment, this hybrid antenna offers capability of higher antenna gains as well as split sectors, in order to meet the increasing demands of network of operators while creating a robust comprehensive 5G network. Such developments are set to boost the market growth of 5G smart antennas in the long run.



5G Smart Antenna Market Drivers



Surge of wireless technologies, IoT and many others for enhancing industrial automation:



Surge of wireless technologies, IoT and many others for enhancing industrial automation can be considered as one of the major factors impacting the growth of 5G Smart Antenna market. Increasing adoption of wireless technologies, IoT, machine learning, artificial intelligence (IoT) and so on have been gaining higher adoptability across major industry verticals as a part of uplifting operational productivity standards, which has been significantly driving the need towards high connectivity, low latency and reliable communication networks like 5G. In order to serve industrial applications deploying connected devices or advanced technologies like IoT, AI and others, the need for 5G networks is significantly growing at a rapid pace for offering advantages like increased capacity, high data rates and many more. Utilizing a 5G smart antenna will help in providing ultra-band connectivity and broadband performance meant for machine to machine communication, IoT and many other related applications areas for supporting industrial automation. In March 2020, one of the leading providers for next-generations IoT solutions, Taoglas had revealed about its technology partnership with MixComm as a part of their joint development of a 5G new radio mmWave (millimeter wave radio frequency) smart antenna subsystem, which is capable of covering band of around 26.5-29.5 GHz range. This development was done in order to support both infrastructure as well as IoT OEM’s integration of 5G NR devices, thus making it ideal for small cells, repeaters as well as customer-premises equipment designs. In addition, its design scalability as per device implementation serves as an added benefit for the antenna, thus analysed to drive its market growth for serving varied industrial automation applications, including IoT, wireless connected devices and others in the long run.



Increasing investments towards developing 5G smartphones and related products drives the market forward:



Increasing investments towards developing 5G smartphones and related products is analysed as one of the major drivers boosting the market growth of 5G smart antennas. With technological advances and high speed connectivity, various manufacturers have started investing as well as supporting the development of 5G smartphones in order to gain traction in the consumer electronics market as well as improve customer satisfaction. Various leading smartphone brands such as Samsung, Xiaomi and Vivo with many others have already started manufacturing and selling 5G smartphones in the markets, which in turn is raising the demand for 5G smart antennas to provide high quality data communication as well as meet the surge of mobile data traffic overtime. In March 2020, Oppo announced about the launch of a 5G CPE device, named 5G CPE Omni, as a part of accelerating the rollout of 5G network globally while offering users with an unprecedented 5G experience. Due to leveraging 5G smart antenna technology, this device showed capability of maximizing data throughput during antenna switching within the sub-6 GHz frequency bands, gaining it wide popularity across consumer markets. In June 2021, Realme had revealed about its plans of developing a 5G smartphone at a price under Rs. 10,000 by the next year, as a move towards bringing a cost efficient smartphone in the consumer market. Along with this, the company announced about investing an amount of over Rs. 2100 Crores (around 300 Million USD) on global 5G research & development with setting up of seven R&D centres across different locations, including India. Such investments are further set to propel the demand for 5G smart antennas for serving demanding communication applications during the forecast period.



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5G Smart Antenna Market Challenges



High costs:



High costs related to designing, maintenance and repair act as one of the major factors restraining the market growth of 5G smart antennas. Designing of smart antennas with 5G technology support is comparatively complex and incurs the need for expensive materials, which in turn raises the production costs for the manufacturers. Factors such as low latency, less power consumption, minimal signal interferences and so on, create the need for skilled professionals to design smart antenna solutions incorporated with the requirements, thus making the manufacturing process time consuming. Improper designing can lead to several communication issues for the end users, thus contributing highly towards optimum precision, adding to operational costs for the organizations. Apart from this, 5G smart antennas support larger bandwidth, which in turn helps in faster and simultaneous data transfer as well as connectivity, making it prone to damages or breakouts overtime. In order to ensure minimal defects or disruptions for the end-use applications, the need for maintenance and repair services becomes highly essential. With high initial costs of 5G smart antennas, there is lesser adoption from the small as well as mid-size enterprises, which have been eventually hampering its market growth.



5G Smart Antenna Market Landscape



Product launches, acquisitions, and R&D activities are key strategies adopted by players in the 5G Smart Antenna market. The 5G Smart Antenna market top 10 companies include Airgain Inc., CommScope Inc., Qualcomm Technologies Inc., Comba Telecom, Nokia Corporation, PCTEL Inc., Linx Technologies, Sierra Wireless, NEC Corporation and Laird Technologies among others.



Acquisitions/Technology Launches/Partnerships



In March 2021, CommScope announced about the launch of a 5G antenna solution, in order to speed up spectrum deployments including the new C-Band airwaves. Development of these C-Band antennas was done as a part of supporting varied primary upgrade paths, namely standalone passive or active C-band antenna paradigm, multi-band passive antenna with low band & mid band support along with C-Band within a single housing, a modular antenna configuration comprising of mid-band, full length low band arrays as well as field-replaceable modules.



In August 2020, PCTEL Inc. announced about the launch of a low profile vertical antenna, named BMLPV5000 designed for 5G FR1 wireless networks, with capability of covering frequencies from 600 MHz to 6 GHz. This development was done in order to support high-speed requirements for complex RF communication systems across smart city applications, like machine-to-machine communication, smart energy networks, transportation network infrastructure as well as small cells installations.



Key Takeaways



Increasing investments towards developing 5G smart phones and related products as well as surge of wireless technologies, IoT and many others for enhancing industrial automation is analysed to significantly drive the 5G smart antenna market during the forecast period 2021-2026.



MIMO communication technology based 5G smart antenna segment is anticipated to grow with the highest CAGR during 2021-2026, attributing to factors like eliminating costs related to power consumption, growing adoption of wireless systems and so on.



APAC is analysed to account for the fastest growing region during 2021-2026, owing to various factors including growing industrialization, higher adoption of 5G smartphones, increasing investments on R&D activities from some of the key market players and many others.



Related Reports:



A. Smart Antenna Market



https://www.industryarc.com/Report/15371/smart-antenna-market.html



B. Smart Energy Devices Market



https://www.industryarc.com/Report/15256/smart-energy-devices-market.html



For more Electronics Market related reports, please click here



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Venkat Reddy

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venkat@industryarc.com

Source: EmailWire.Com

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