Chip Antenna Market size is poised to reach USD 9 Billion by the end of 2035, growing at a CAGR of 10% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of chip antenna was around USD 4 Billion. This growth of the market is set to be dominated by the growth in adoption of smartphones. The number of people using smartphones as of 2023 around the globe is estimated to be about 5 billion. This means around 85% of the global population is a smartphone user. Further, almost every smartphone purchased contains a chip antenna. The chip antenna in mobile phones plays a significant role in transferring signals through various devices and networks when connected to the internet or during phone calls without any interference.
Additionally, the size of every electronic gadget has decreased over the decades. This could be due to the growing demand from industries that prefer electronics with greater speed, power, and weight. This has further influenced the adoption of chip antennas, which are also increasing the efficiency of the products.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 10% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 9 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Application Type (WLAN/Wi-Fi, Dual Band/Multi-Band Bluetooth/BLE, and GPS/GNSS)
Chip antenna market from the WLAN/Wi-Fi segment is expected to generate the largest revenue by the end of 2035. This is since, Wi-Fi is considered to be more secure than any other network. Moreover, it enables simultaneous communication between a large number of people and devices. Wi-Fi creates a wireless network that allows radio waves to be utilized for communication between computers and other devices that have the necessary wireless capabilities. Furthermore, the installation of a chip antenna, offers selective and improved efficiency.
End-User Industry (Healthcare, Industrial & Retail, Automotive, Consumer Electronics, Smart Grid/Smart Home)
The consumer electronics segment in the chip antenna market is set to have noteworthy growth over the forecast period. The steady rise in purchasing power and rising demand for technologically sophisticated goods among consumers worldwide speed up the deployment of chip antennas. In addition, as miniaturized consumer electronics become more and more popular, there is a tremendous need for compact chip antennas since this technology is the best fit for these goods.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Application Type |
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End-User Industry |
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North American Market Forecast
The North America chip antenna market is poised to have the highest growth in the near future, backed by growing IoT-connected devices. It is projected that there would be about 4 billion Internet of Things (IoT) connections collectively in North America by 2025. Hence, the adoption of chip antennal is also slated to rise. An antenna is needed for Internet of Things (IoT) devices. The frequency spectrum and the complexity of the IoT antenna design increase with decreasing IoT device space. Moreover, the manufacturing of automobiles is surging in this region, where Canada and United Nations have high auto production activities.
APAC Market Statistics
The chip antenna market in the Asia Pacific is projected to have significant growth till 2035. Regional expansion is mainly motivated by reasons such as increased smartphone demand, an increase in mobile internet users, and the quick construction of the 5G network. Furthermore, due to its low manufacturing costs and widespread accessibility of raw resources such as copper and gold, China accounts for a sizeable portion of this region.
Author Credits: Abhishek Verma, Hetal Singh
Ans: The major factors driving the growth of the market are growing adoption of vehicles, rise in demand for 5G technology, and surge in application of chip antenna in healthcare industry.
Ans: The market size of chip antenna is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are Fractus S.A., Yageo Group, Antenova Ltd, Partron Co., Ltd, and more.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, application type, end-user industry, and by region.
Ans: The WLAN/Wi-Fi segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: High initial cost, insufficiently skilled workers, and inefficiency in functioning are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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