Chip Antenna Market

Global Chip Antenna Market Size (2023 to 2028)

The global chip antenna market size is expected to be worth USD 2.68 billion in 2023. It is expected to grow at a CAGR of 13% during the forecast period and reach a value of USD 4.94 billion by 2028.

Chip Antennas is a kind of antenna that is known for its 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 have 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 smaller in size when compared to other types and are able to get integrated into circuit boards and radiate electromagnetic waves of high frequency.

MARKET DRIVERS:

Rising demand for chip antennae 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 in the consumer electronics industry is another key factor that was propelling the growth of the target market's growth over the coming years. The low prices of these products, when compared to conventional antennas, are further boosting the growth of the global Chip Antenna 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.

MARKET RESTRAINTS:

However, high initial capital investments that are involved in the development of the ceramic chip antenna are the major restraint that was hampering the growth of the Global Chip Antenna Market. In addition, the 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.

Impact of COVID-19 on the Chip Antenna Market:

The impact of COVID-19 on the Global Chip Antenna Market is very negative and is attributed to the decreased business in 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.

REPORT COVERAGE:      

This research report on the global chip antenna market has been segmented and sub-segmented into the following categories.

Global Chip Antenna Market – By Type of Product:

• Ceramic Multilayer Chip Antenna
• Dielectric Chip Antenna

Global Chip Antenna Market – By End Use Outlook:

• BFSI
• IT & Telecommunication
• Transportation
• Manufacturing
• Industrial
• Government
• Healthcare
• Others

Global Chip Antenna Market – By Application:

• WLAN
• ZigBee
• Bluetooth
• ISM
• Others

Global Chip Antenna Market – By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis of the Global Chip Antenna Market, North America is expected to witness substantial growth during the forecast period. Meanwhile, the value of the target market in this region is USD 614.9 million. The growth of the North American chip Antenna Market owes to the growing adoption of developed technologies and rising investments in the Research and development of wireless transmission technologies in countries like the US and Canada.

The Asia-Pacific Chip Antenna Market holds the major share of the global market in terms of revenue. The major factor that was driving the growth of the target market is the presence of numerous production houses of electronics and 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 the expansion of 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, which is expected to be valued at around USD 858.7 million by 2027, growing at a 12.6% rate of growth.

KEY MARKET PLAYERS:

The key players in the Global Chip Antenna Market include 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).

RECENT HAPPENINGS IN THE MARKET:

• CommScope, a global network infrastructure provider company, has signed an agreement of technology transfer as a result of a settlement with Fractus, which is one of the key players in the Global Chip Antenna Market that has developed the key antenna technology for the usage in wireless base station antennas.
• Vishay Intertechnology, Inc. has launched a novel 30 V n-channel MOSFET half-bridge power stage that can integrate both TrenchFET MOSFET and low side SkyFET MOSFET in one compact PowerPAIR 3.3 mm by 3.3 mm package, where it delivers increased power density and efficiency for the power conversion in computing and telecom applications while reducing the component counts and simplifying designs.