Chip Antenna Market Size

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.

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 Size