Embedded Antenna System Market is expected to reach US$ 5,685.63 million by 2028

Rising Emergence of IoT-Based Devices/Technology Provide Growth Opportunities to Embedded Antenna System Market Players

According to our latest market study on "Embedded Antenna System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Antenna Type, Connectivity, and End Use," the embedded antenna system market is expected to reach US$ 5,685.63 million by 2028 from US$ 2,858.37 million in 2021; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.

The embedded antenna system market is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. APAC held the largest market share in 2020, followed by North America and Europe, respectively. The region is also anticipated to register the highest CAGR in the embedded antenna system market during the forecast period. The increasing adoption of embedded antenna systems in consumer electronics fuels the market growth in APAC. In addition, the increasing development of numerous smart devices, smart homes, smart grids, industrial internet, and connected cars is rapidly fueling the Internet of Things (IoT) ecosystems in the region. IoT applications rely heavily on a wireless connection to connect with IoT gateways and other devices in the ecosystem, especially in scenarios where cable connectivity is practically impossible, and embedded antennae serve this purpose by facilitating connectivity. The increasing use of consumer electronics such as smartphones and laptops in developed and developing countries is mainly attributed to rising disposable income, increasing population, and growing internet penetration. Advancements in smartphone technologies and rising digitalization are significant factors propelling the growth of the embedded antenna system market.

IoT technologies support the development of innovative and advanced solutions, such as connected car solutions, advanced driver-assistance systems (ADAS), in-vehicle infotainment systems, and navigation and telematics solutions, in the automotive industry. Embedded antennas are integrated into IoT-enabled cars. Thus, a rise in demand for IoT-enabled cars or connected cars drives the embedded antenna system market progress. In addition, car manufacturers are incorporating sophisticated in-vehicle infotainment systems in their automotive products to provide differentiated services to their customers.

The embedded antenna system market is segmented on the basis of antenna type, connectivity, and end use. Based on antenna type, the market is segmented into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit (FPC) antenna, and others. Based on connectivity, the embedded antenna system market is segmented into GNSS/GPS, Wi-Fi/Bluetooth, cellular, mmWave (5G), LPWAn, RFID, and UWB. Based on end use, the market is segmented into consumer electronics, communication (datacom and telecom), healthcare, aerospace & defense, industrial, automotive & transportation, and others. In terms of geography, the embedded antenna system market is primarily segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, South Korea, Japan, and the Rest of APAC), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).

Impact of COVID-19 Pandemic on Embedded Antenna System Market

The onset of the COVID-19 pandemic has disrupted operations of various industries, including industrial equipment manufacturing, automotive & transportation, and consumer electronics. Governments enacted travel restrictions and social distancing, among other measures, to combat the spread of the novel coronavirus, which led to the temporary shutdown of manufacturing units in Q1 and Q2 of 2020. However, with the normalization of economic activities, manufacturing facilities started to operate with 50% capacity in the third quarter of 2020. According to the Federal Statistical Office of Europe, the retail sector in the region experienced adverse effects of the pandemic. According to the organization, as a result of the second wave of the COVID-19 outbreak, Germany experienced a decline of 9% in total retail turnover in February 2021. This decline led to a reduction in the need for retail POS systems, which hindered the demand for embedded antenna systems from the POS system manufacturers. However, with lowering infection rates, rapid vaccination drives, and government initiatives promoting economic recovery, various industries began operating normally from the Q3 of 2020. Thus, the embedded antenna systems market is reviving rapidly to overcome the negative effects caused by the COVID-19 pandemic.

Airgain, Inc.; Antenova ltd.; Infinite Electronics International, inc.; Kyocera AVX Components Corporation; Mitsubishi Materials Corporation; MOLEX; LINX Technologies; TE Connectivity; Walsin Technology Corporation; YAGEO Group; TAOGLAS; Tallysman; Panorama Antennas ltd; Mobile Mark, inc.; and 2J Antennas, S.R.O. are among the major companies operating in the embedded antenna system market.

Embedded Antenna System Market – by Region, 2020 and 2028 (%)

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Embedded Antenna System Market Size And Analysis by 2028

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Embedded Antenna System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Antenna Type (PCB Trace Antenna, Chip Antenna, Patch Antenna, Flexible Printed Circuit Antenna, and Others), Connectivity [GNSS/GPS, WiFi-Bluetooth, Cellular, mmWave (5G), LPWAn, RFID, and UWB], and End Use (Consumer Electronics, Communication, Healthcare, Aerospace & Defense, Industrial, Automotive & Transportation, and Others)

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