Chip Antenna Market Share

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.

Frequently Asked Questions (FAQ)

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.

The market size of chip antenna is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Fractus S.A., Yageo Group, Antenova Ltd, Partron Co., Ltd, and more.

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.

The market is segmented by product type, application type, end-user industry, and by region.

The WLAN/Wi-Fi segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High initial cost, insufficiently skilled workers, and inefficiency in functioning are estimated to be the growth hindering factors for the market expansion.

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.

Chip Antenna Market Share