Global Chip Antenna Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 13.1% during the forecast period.
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Chip antennasarethespecific kind of antenna valued for their small spatial requirements or small footprint. They are most widelyused in electronic circuit boards to transmitand receive electromagnetic waves with high frequency.
A surge in the adoption of chip antennas in small electronic devices owing to their benefits such as small size, limited range and high quality with low cost is the major driving factor behind the growth of the market. An increasing trend of miniaturization of electronics devices, rising adoption of chip antennas in wireless communication devices, growing inclination towards small sized chip antennas over larger-sized antennas to reduce cost of the device, escalating demand for chip antennas in internet of things applications, increasing significance of chip antennas in low power wide area network application and growing technological advancements in standard wireless communication technology such as Wi-Fi, Bluetooth and many others are expected to expand growth of the marketduring the forecast period.
However, high manufacturingand purchasing cost of ceramic chip antennaand lack in compatibility and operability between ODM and supplier are the major restraining factors that could hamper the growth of the market.
Global Chip Antenna Market: Segmentation Analysis
By product type, dielectric chip antenna segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. A surge in the demand of antennas with compact size to operate in various frequency ranges and to minimize required space in electronic devices such as in Smartphone’s, smart devices and many other wearable electronics devices is accredited to the growth of the market.
By industry, consumer electronics segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. A growing use of chip antennas in electronics applications such as in cell phones, PC peripherals, PDAs, computers, tablet, satellite radio, portable televisions, headsets, GPS devices, USB dongles and in WLAN and Wi-Fi routers is attributed to the growth of the market. However, smart grid and smart homesegment is projected to witness fast growth at CAGR of XX% during the forecast period. A rising adoption rate of smart homes across the globe, growing projects related with smart grids and increasing adoption of IoT systems in smart home automation technology are likely to expand growth of the marketduring the forecast period.
Global Chip Antenna Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, India,and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for consumer electronics industry across the region.
An increasing adoption of small consumer electronics products such as mobile phones, Wi-Fi routers in high populous countries such as China, India, rising adoption of smart connected devices, growing trend of internet of things, rising adoption of chip antennas for Bluetooth, GPS, and many other wireless communications and increased importance of chip in mobile electronics applications are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Chip Antenna Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Chip Antenna Market dynamics, structure by analyzing the market segments and projects the Global Chip Antenna Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Chip Antenna Market make the report investor’s guide.
Scope of Global Chip Antenna Market
Global Chip Antenna Market, By Product Type
• LTCC Chip Antenna
• Dielectric Chip Antenna
Global Chip Antenna Market, By Application
• Dual Band/Multi-Band
Global Chip Antenna Market, By Industry
• Industrial & Retail
• Smart Grid/Smart Home
• Consumer Electronics
Global Chip Antenna Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Chip Antenna Market, Key Players
• Fractus S.A.
• Yageo Corporation
• Fractus S.A.
• Partron Co., Ltd
• Mitsubishi Materials Corporation
• Johanson Technology, Inc
• Vishay Intertechnology, Inc
• Inpaq Technology Co., Ltd
• Linx Technologies, Inc
• Pulse Electronics
• Antenova Ltd
• Taoglas Ltd
• TDK Corporation
• Laird Connectivity
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