The Global Chip Antenna Market is anticipated to witness significant growth during the predicted period. It is likely that the target market will get valued around US$4.9 Billion by 2027 from USD 2.1 Billion in 2020, growing at a CAGR of 13% over the period of 2020 to 2027.
Chip Antennas is a kind of antenna that are known for their small footprint. These types of antennas are commonly amalgamated in circuit boards for radiating high-frequency electromagnetic waves. They are optimized for small devices like cell phones and Wi-Fi routers as they are having a limited range.
These antennas are helpful to enhance the performance of a system, efficiency in the cost, and can make the equipment size compact. These chip antennas are the tinier in size when compared to other types and are able to get integrated on circuit boards and radiate electromagnetic waves of high frequency.
Drivers and Restraints of Chip Antenna Market
Rising demand for chip antenna in the applications of the Internet of Things (IoT), such as smart grids, smart homes, connected cars, and industrial internet among others is the major factor that was driving the growth of the Global Chip Antenna Market. Also, the rising trend of miniaturization among the consumer electronics industry is another key factor that was propelling the growth of the target market's growth over the coming years. And the low prices of these products, when compared to conventional antennas, is further boosting the growth of the global Chip Antenna Market.
However, high initial capital investments that are involved in the development of the ceramic chip antenna is the major restraint that was hampering the growth of the Global Chip Antenna Market. In addition, limited range and variable performance efficiency of these chip antennas and the lack of compatibility & operability among the OEMs and suppliers is another factor that was challenging the growth of the target market.
Nonetheless, the ability to get embedded in low power wide area network applications is creating lucrative growth opportunities for the expansion of the players of the Global Chip Antenna Market.
Impact of COVID-19 on the Chip Antenna Market
The impact of the COVID-19 on the Global Chip Antenna Market is in a very negative way that is attributed to the decreased business among the consumer electronics industry. Also, the slowdown in the economy of various nations has stalled the growth of the target market. However, this slowdown in the Chip Antenna Market's growth is estimated to be temporary due to the need for the internet and its applications.
Market Segmentation of Chip Antenna Market
Based on the type of Product, the global Chip Antenna market is segmented into Ceramic Multilayer Chip Antenna and Dielectric Chip Antenna.
On the End-Use outlook, the global Chip Antenna market is segmented into BFSI, IT & Telecommunication, Transportation, Manufacturing, Industrial, Government, Healthcare, and Others.
And on the application segmentation, the global Chip Antenna market is segmented as WLAN, ZigBee, Bluetooth, ISM, and Others.
Chip Antenna Market Region wise analysis
In the regional analysis of the Global Chip Antenna Market, North America is expected to witness substantial growth during the forecast period. Whereas, the value of the target market in this region is USD 614.9 Million present. The growth of the North America Chip Antenna Market owes to the growing adoption of developed technologies, and rising investments in the Research & Development of wireless transmission technologies in countries like the US and Canada.
The Asia-Pacific Chip Antenna Market is held for the major share of the global market in the revenue aspect. The major factor that was driving the growth of the target market is the presence of the numerous production houses of the electronics and the emerging economies such as India and China. Also, the Asia-Pacific Chip Antenna Market is expected to maintain its dominance during the forecast period owing to the rising adoption of automation and expanding the consumer electronics industry in countries such as China, Japan, India, and South Korea. Among the region, China is the major contributor to the growth of the target market, where it is expected to get valued around USD 858.7 Million by 2027, growing at a 12.6% rate of growth.
Key Players of Chip Antenna Market
The key players in the Global Chip Antenna Market includes Johanson Technology, Inc. (U.S.), Mitsubishi Materials (Japan), Yageo Corporation (Taiwan), Vishay Intertechnology, Inc. (U.S.)., Fractus S.A. (Spain), Antenova M2M (U.K.), Taoglas (Ireland), Linx Technologies (U.S.), Fractus Antenna S.L. (Spain), Pulse Electronics (U.S.), Inpaq Technology Co., Ltd. (Taiwan), and Partron Co., Ltd. (South Korea).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Chip Antenna Market, By Product Type
6.1.1 Ceramic Multilayer Chip Antenna
6.1.2 Dielectric Chip Antenna
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Chip Antenna Market, By Application
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Chip Antenna Market, By End-Use
6.3.2 IT & Telecommunication
6.3.8 Market Size Estimations & Forecasts (2019-2024)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Application
7.2.4 By End-Use
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Product Type
7.3.3 By Application
7.3.4 By End-Use
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Application
7.4.4 By End-Use
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Application
7.5.4 By End-Use
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Product Type
7.6.3 By Application
7.6.4 By End-Use
8. Key Player Analysis
8.1 Johanson Technology Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Mitsubishi Materials
8.3 Yageo Corporation
8.4 Vishay Intertechnology, Inc
8.5 Fractus S.A.
8.6 Antenova M2M
8.8 Linx Technologies
8.9 Pulse Electronics
8.10 Inpaq Technology Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures