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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chip Antenna Market Size
The global chip antenna market size reached approximately USD 3.97 billion in 2023. The market is projected to grow at a CAGR of 12.9% between 2024 and 2032, reaching a value of around USD 11.84 billion by 2032.
Key Trends in the Market
Chip antennas are a special type of antenna known for their small footprint. These antennas emit and receive electromagnetic waves as regular antennae. However, due to their restricted coverage area, they are most compatible with small devices such as phones and Wi-Fi routers.
- The chip antenna market growth is likely to be supported in the foreseeable future by the miniaturisation of products in the consumer electronics sector and the increasing applications of chip antennas in IoT-driven systems. The market is also expected to flourish owing to the increasing usage of IoT technologies across various sectors, enhancing the demand for compact chips.
- The rising implementation of 5G communication systems is one of the major chip antenna market trends. The demand for faster and more reliable wireless connectivity is rising rapidly, hence key players are investing in research and development activities focused on tailoring chip antennas for 5G protocols. Moreover, manufacturers are making large investments in the design and production of specialised chips optimised to meet the stringent requirements of advanced network systems.
- Manufacturers are increasingly turning to chip antennas as a viable alternative when traditional antenna options prove impractical. The global chip antenna market demand is expected to be high owing to the rising popularity of these antennas due to their cost-effectiveness and high-quality performance. The cost-effectiveness of chip antennas, combined with their exceptional performance, makes them an attractive choice for a wide range of applications, ranging from consumer electronics to industrial automation.
Chip Antenna Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.97 billion.
The market is projected to grow at a CAGR of 12.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 11.84 billion by 2032.
The market is being driven by the increasing miniaturisation of electronic devices and the cost-effectiveness of chip antennas, propelling their applications in compact electronics.
The growing implementation of 5G technology around the world and the rising deployment of IoT technologies across different sectors are guiding the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications include WLAN/Wi-Fi, Bluetooth, dual band/multi band, and GPS/GNSS.
The key players in the market include Mitsubishi Electric Corporation, Johanson Technology Incorporated, Yageo Corporation, TE Connectivity Corporation, Vishay Intertechnology, Inc., Antenova Ltd., INPAQ Technology Co., Ltd., Taoglas Group Holdings Limited, Fractus SA, and Partron Co., Ltd., among others.
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