The North America Smart Antenna Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
Smart antennas are now being employed in industries that are not part of the standard spectrum. The number of applications for smart antennas has exploded, putting a huge dependency on the industry all around the world. The smart manufacturing market not only caters to mainstream businesses, but it also caters to specialist sectors. For example, Hemisphere GNSS and Volvo Construction Equipment announced a distribution agreement in April 2022 to promote their innovative S631 GNSS smart antennas featuring control and data transmission solutions to construction organizations.
MUSIC (MUltiple SIgnal Classification), estimation of signal parameters through Matrix Pencil method, rotational invariance techniques (ESPRIT) algorithms, or one of their derivatives are used by the smart antenna system to determine the signal's direction of arrival. They entail determining the antenna/sensor element's spatial spectrum and measuring the DOA from the peaks of that spectrum. Such computations take a long time to complete. In the terms of real-time systems and associated sources, Matrix Pencil is super effective.
After the United States, Canada is the largest car market in North America. Imports account for almost three-quarters of the new car market. The majority of global automakers are represented in Canada, with five of them having local assembly lines: Ford, FCA, Toyota, General Motors, and Honda. The Canadian government is aiming for carbon neutrality by 2050 and has set aside significant funding for infrastructure and a sustainable future in the budget for 2021. The Canadian subsidiaries of American automakers announced expenditures of US$785 million, US$1.5 billion, and US$1.14 billion to adapt their manufacturing lines for electric vehicles. A big number of market participants are also anticipating this trend, which offers enormous prospects.
The US market dominated the North America Smart Antenna Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,863.8 million by 2028. The Canada market is poised to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.7% during (2022 - 2028).
Based on Application, the market is segmented into Cellular Systems, Wi-Fi Systems, WiMAX Systems, and RADAR Systems. Based on Technology, the market is segmented into Multiple Input & Multiple Output (MIMO), Single Input & Multiple Output (SIMO), and Multiple Input & Single Output (MISO). The report also covers geographical segmentation of Smart Antenna market. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Antenna Market is Estimated to reach $11.4 Billion by 2028, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Texas Instruments, Inc., Intel Corporation, Sierra Wireless, Inc., Airgain, Inc., Qualcomm, Inc., Broadcom, Inc., Telstra Corporation Limited, Trimble, Inc., Motorola Solutions, Inc., and Linx Technologies.
By Application
By Technology
By Country
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