Chip Antenna Market Trends

Growth Drivers

Growing Adoption of Vehicles In 2022, the number of cars all around the globe was about 2 billion. These automobiles consist of chip antenna. They have been designed to integrate quickly with wireless communication systems. Chip Antennas of varying bandwidths are used in the automotive environment to provide connectivity within the vehicle and from the vehicle to the infrastructure.
Rise in Demand for 5G Technology Offering more bandwidth and lower latency over current 4G networks, 5G already offers significant enhancements in user experience. Users would be able to access services including high-resolution video streaming, smartphone gaming, and video calling without interruption. Hence, owing to its benefits the preference of customers for 5G technology is growing. Hence, a large number of organizations are working on the launch of a 5G technology chip antenna in order to satisfy the user.
Surge in the Application of Chip Antennas in the Healthcare Industry WiFi/BT chip antennas are special solutions for equipment designed to let medical personnel monitor patients wirelessly from a secure distance. For instance, Bluetooth sends health information from smart monitoring devices for instance smart watches or glucose meters to a WiFi-enabled internet of things device that transmit diagnostic data to a healthcare practitioner through the Cloud.

Challenges

High Initial Cost – Even though the chip antenna market is expanding quickly, there are still barriers in the way of this sector's expansion owing to chip antennas' high beginning costs. Due to the high cost of the ceramic chip antenna and the other components required for this technology to function efficiently, its initial cost is very high.
Insufficient Skilled Workers
Inefficiency in Functioning

Chip Antenna Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 10%
Base Year Market Size (2022)	~ USD 4 Billion
Forecast Year Market Size (2035)	~ USD 9 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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 Trends