The embedded antenna system market is expected to grow from 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.
An embedded antenna uses metamaterials to improve the performance of small antenna systems. The embedded antenna system uses an electromagnetic antenna to generate energy into free space. Metamaterials are designed with unique, typically microscopic structures to produce unexpected physical properties. The increasing penetration of advanced technologies, such as the Internet of Things (IoT), 5G, and artificial intelligence, supports the growth of the embedded antenna system market. The increasing use of embedded systems in IoT devices, growing demand for smart antennas for remote working in the healthcare sector, rising prevalence of the internet, surge in the number of smartphone users, and advancements in 5G technologies are major forces driving the market growth. Furthermore, the growing need for embedded antenna systems in smart homes, smart grids, linked automobiles, smart thermostats, etc., is expected to boost the market growth throughout the forecast period. 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 increasing digitalization are among other significant factors propelling the embedded antenna system market growth.
The embedded antenna system market is segmented on the basis of antenna type, connectivity, end use, and geography. Based on antenna type, the market is segmented into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit antenna, and others. On the bases of connectivity, the market is segmented into GNSS/GPS, WiFi-Bluetooth, cellular, mmWave (5G), LPWAn, RFID, and UWB. Based on end use, the embedded antenna system market is segmented into consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and others. Based on geography, the overall embedded antenna system market size is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
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 the key players profiled during the embedded antenna system market study. In addition, several other significant embedded antenna system makers are analyzed and studied during the course of market analysis to get a holistic view of the global embedded antenna system market and its ecosystem.
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Embedded Antenna System Market: Strategic Insights
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Impact of COVID-19 Pandemic on Embedded Antenna System Market
Over the years, the adoption of embedded antenna systems has increased substantially across industries to enhance product performance and offer design flexibility. However, the onset of the COVID-19 pandemic disrupted various industries, such as 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.
Embedded Antenna System Market Insights
Increasing Adoption of Embedded Antenna Systems in Consumer Electronics Industry Driving Market Growth
Consumer electronics devices, such as smartphones, laptops, smart TVs, wearables, tablets, gaming consoles, and peripheral devices, use embedded antenna systems for wireless applications, including Bluetooth, WLAN, Wi-Fi, and GPS. The increasing use of smartphones and laptops, among others, in developed and developing countries is mainly attributed to rising disposable income, increasing population, and growing Internet penetration. Advancements in smartphone technologies and increase in digitalization propel the growth of the embedded antenna system market. In addition, with the surge in popularity of Bluetooth, the demand for headsets, smartphones, wearables, game consoles, and other consumer electronics is also on rise, which contributes to the embedded antenna market growth.
The ongoing technological advancements have led to a rise in the penetration of consumer electronic devices across several economies. As per the Consumer Technology Association (CTA), the sales of smartphones in the US accounted for 152 million units in 2020. In addition, according to the International Data Corporation (IDC), smartphone shipments increased by 5.3% year on year and reached 1.35 billion units in 2021.
Embedded Antenna System Market Regional Insights
Embedded Antenna System Market Regional Insights
The regional trends and factors influencing the Embedded Antenna System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Embedded Antenna System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Embedded Antenna System Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2.86 Billion |
| Market Size by 2028 | US$ 5.69 Billion |
| Global CAGR (2021 - 2028) | 10.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Antenna Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Embedded Antenna System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Embedded Antenna System Market are:
- Airgain, Inc
- Antenova ltd
- Infinite Electronics International, inc
- Kyocera AVX Components Corporation
- Mitsubishi Materials Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Embedded Antenna System Market top key players overview
Antenna Type-Based Market Insights
Based on antenna type, the embedded antenna system market is segmented into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit antenna, and others. In 2020, the PCB trace antenna segment accounted for the largest market share.
End Use-Based Market Insights
Based on end use, the embedded antenna system market is segmented into consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and others. In 2020, the consumer electronics segment accounted for the largest market share.
The players operating in the embedded antenna system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In January 2022, KYOCERA AVX launched the evaluation board for testing antenna band switching performance at CES 2022 in Las Vegas.
- In August 2021, TE Connectivity TE signed a definitive agreement to acquire the Antennas business from Laird Connectivity.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Antenna Type, Connectivity, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The increasing number of connected devices and high-speed internet connectivity has increased the adoption of 5G network. Also, telecommunications companies use 5G antennas to handle the high speed, capacity, and bandwidth of 5G networks. Therefore, the development of 5G is likely to present attractive prospects for the embedded antenna systems market players during the forecast period.
The embedded antenna system has been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years Increasing adoption of the embedded antenna system in the consumer electronics industry and the rising emergence of IoT-based devices/technology are supporting the growth of embedded antenna system market.
The global embedded antenna system market was dominated by the PCB trace antenna segment accounted for the largest share in 2021 during the forecast period. PCB trace antenna is anticipated to continue driving the embedded antenna system market by antenna type segment due to the significant adoption in various applications such as consumer electronics, industrial, and others.
In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. China is the leading country in APAC for embedded antenna systems, and it is expected to rise rapidly over the projection period, followed by the Rest of APAC and Japan. With the elevating internet penetration rate, consumer electronics manufacturers are poised to launch advanced connected appliances in the region.
The major companies in embedded antenna system market include TE Connectivity, Kyocera AVX Components Corporation, Amphenol, Yageo Group, and Molex. The ranking has been derived by analyzing multiple parameters such as annual revenue earned from embedded antenna system portfolio, client base, geographic locations, R&D expenditure, brand image, and the number of employees, among others. These companies are actively participating in developing embedded antenna systems for various applications.
China held the largest share in the APAC region. The country is the largest consumer electronics market. All major consumer electronics companies have a strong manufacturing presence in the country owing to which the adoption rate of the embedded antenna system is on the higher side. Also, the country is the second-largest arms manufacturer in the world. Aviation Industry Corporation of China, China North Industries Group Corporation Limited, China Aerospace Science and Industry Corporation, and China South Industries Group are the leading defense contractors in the country which produces a notable number of advanced military communication, weapons, aircraft, and an armored vehicle. Thus, these factors are driving the growth of the embedded antenna system market in China.
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TheList of Companies - Embedded Antenna System Market
- 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
- 2J Antennas, S.R.O.
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