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5G Smart Antenna Market Size, Share Global Analysis Report, 2020–2026
5G Smart Antenna Market By Type (Switched Multi-Beam Antenna and Adaptive Array Antenna), By Technology (SIMO, MISO, and MIMO), and By Application (Mobile Phones, Factory Automation, IoT, Connected Vehicles, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[195+ Pages Report] According to the report published by Facts Factors, the global 5G smart antenna market size was worth around USD 260 million in 2019 and is predicted to grow to around USD 6,325 million by 2026 with a compound annual growth rate (CAGR) of roughly 57% between 2020 and 2026. The report analyzes the global 5G smart antenna market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the 5G smart antenna market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the 5G smart antenna industry. The report analyzes and declares the historical and current trends analysis of the 5G smart antenna industry and subsequently recommends the projected trends anticipated to be observed in the 5G smart antenna market during the upcoming years.
The 5G smart antenna market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire 5G smart antenna market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- According to our primary research, owing to the rapid deployment of 5G technology worldwide, the 5G smart antenna worldwide market was worth nearly USD 260 million in 2019 and is estimated to grow at a CAGR of 57% over the period 2020-2026.
- Investment in new 5G antenna technologies and smart antenna technologies is expected to create new avenues for the global 5G smart antenna market.
- Based on type, the switched multi-beam antenna segment is expected to dominate the 5G smart antenna worldwide market by the end of 2026.
- In terms of application, the mobile phone segment is expected to hold a major share in the global 5G smart antenna market by the end of 2026.
Key Recommendations from Analysts
- The number of 5G subscriptions around the world is expected to increase at a rapid pace, especially in North America and the Asia Pacific, and this is expected to fuel the deployment of 5G cellular technology around the world. Such a trend is likely to fuel the 5G smart antenna market.
- In terms of region, North America is expected to hold the majority of the share in the global 5G smart antenna market in 2019, due to the presence of key vendors in the 5G smart antenna market in the region
- Our analysts estimate that the 5G smart antenna market is expected to reach a market value of approximately USD 6,325 million by the end of 2026.
- Based on geography, the Asia Pacific region is anticipated to grow at the fastest rate over the forecasted period, as it is home to one of fastest-growing telecom markets such as India, China, South East Asia, etc.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the 5G smart antenna industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the 5G smart antenna industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the 5G smart antenna market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the 5G smart antenna industry. The 5G smart antenna market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the 5G smart antenna sector. Key strategic developments in the 5G smart antenna market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the 5G smart antenna market are appropriately highlighted in the report.
The 5G smart antenna market has been driven by the rapid deployment of 5G technology. Owing to the rapid deployment of 5G, the number of 5G base stations to be deployed around the world is expected to increase in years ahead. Further, the anticipated to grow in the 5G technology penetration and investment in developing 5G infrastructure is expected to create new avenues for the 5G smart antenna market.
The 5G smart antenna market research report delivers an acute valuation and taxonomy of the 5G smart antenna industry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 260 Million |
Projected Market Size in 2026 |
USD 6,325 Million |
CAGR Growth Rate |
57% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Mitsubishi Electric Corporation, Keysight Technologies, National Instruments, Ericsson AB, Huawei Technologies Co. Ltd., Qualcomm Technologies, Inc., ZTE Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., and Others |
Key Segment |
By Type, Technology, Application, Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the 5G smart antenna industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the 5G smart antenna industry is provided for the leading economies of the world.
The 5G smart antenna market is segmented based on type, technology, application, and region. On the basis of type segmentation, the market is classified into switched multi-beam antenna and adaptive array antenna. In terms of technology, the 5G smart antenna market is classified as SIMO, MISO, and MIMO. In terms of application segmentation, the market is bifurcated into mobile phones, factory automation, IoT, connected vehicles, and others.
Some of the leading players in the global market include
- Mitsubishi Electric Corporation
- Keysight Technologies
- National Instruments
- Ericsson AB
- Huawei Technologies Co. Ltd.
- Qualcomm Technologies Inc.
- ZTE Corporation
- Nokia Corporation
- Samsung Electronics Co. Ltd.
- among others.
The taxonomy of the 5G smart antenna market by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Switched Multi-Beam Antenna
- Adaptive Array Antenna
By Technology Segmentation Analysis
- SIMO
- MISO
- MIMO
By Application Segmentation Analysis
- Mobile Phones
- Factory Automation
- IoT
- Connected Vehicles
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- 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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