Smart Antenna Market Share, Size, Trends, Industry Analysis Report By Type (Switched Beam Smart Antenna, Adaptive Array Smart Antenna); By Technology (SIMO (Single Input Multiple Output), MISO (Multiple Input Single Output), MIMO (Multiple Input Multiple

Smart Antenna Market Share, Size, Trends, Industry Analysis Report By Type (Switched Beam Smart Antenna, Adaptive Array Smart Antenna); By Technology (SIMO (Single Input Multiple Output), MISO (Multiple Input Single Output), MIMO (Multiple Input Multiple Output)); By Application (Cellular Systems, RADAR Systems, Wi-Fi Systems, Others); By Regions, Segments & Forecast, 2018 - 2026

The Smart Antenna Market is anticipated to reach around USD 9,705 million by 2026 according to a new research published by Polaris Market Research. In 2017, MIMO segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global smart antenna market revenue during the forecast period.

The growing demand for smart antenna in wireless communication networks coupled with rising need for efficient and stable network performance has boosted the adoption of smart antenna. The rising penetration of smartphones, and increasing adoption of mobile-connected devices further support the growth of this market. The growing demand for high speed communication services, high demand for wireless broadband services, and declining costs of connected devices would accelerate the adoption of smart antenna during the forecast period. However, high costs associated with smart antenna is expected to restrict the growth of the market to a certain extent. Growing demand from emerging economies, increasing adoption of IoT and advancements in cellular networks are expected to provide numerous growth opportunities in the coming years.