Ingenious e-brain forecasts the beam steering smart antenna size, which is likely to grow with a CAGR of ~15% for 2022-2027. The major growth drivers vary from industry to industry. For example, in the automotive sector, increasing demand for safety features in vehicles, growing consumer preference toward advanced driver-assist system (ADAS), and electronic toll collection are the trending market boosters. In communication, the sector growing demand for wireless communication and the need for high-speed communication networks are the major driving forces. Diagnosis for different tumor and cancer detection procedures and applications such as deep brain stimulation are the growth factors in the healthcare industry. However, the cost associated with the beam steering smart antenna and the direction of signal arrival is the key restraint in the major end-user application, inhibiting the market’s growth.
The objective of the report is to understand the technology landscape and market estimation & forecasting of beam steering smart antennas, along with the value chain, start-up ecosystem, and competitive landscape.
Technology landscape cover the evolution of technology, technology comparison, technology benchmarking, technology adoption, major use cases.
The market is rapidly growing as the rate of adoption increases towards security and high-speed communication applications. Major industries are fully dependent on fast two-way communications which increases the demand for the beam steering smart antennas. The market continues to expand with the application of 5G millimeter-wave radio frequencies.
The market research scope includes defining, describing, and forecasting the beam steering smart antenna market size based on type, end-use application, and region.
The North American region is likely to have the largest share in the market due to the increasing usage of smartphones and a higher level of 5G adoption. The North American region has also established a base of key players due to early adoption.
In terms of end-use application, communication holds the largest market share due to the increasing usage of cellular systems and wireless communication.