Chip Antenna Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 202Posted by Statzy Market Research on April 14th, 2021 The growth of the market can be attributed to the growing miniaturization in consumer electronics and increasing application of Chip Antennas in IoT driven systems. - Moroever, according to a survey by Honeywell, 67% of manufacturing executives is pressing ahead with plans to invest in data analytics. 63% of them believe that it enable well-informed decisions in real time, 57% believed that it limit waste, while 56% of them says that it help in predicting the risk of downtime (56%). This is expected to further aid the future growth of IoT in the manufacturing sector. - The outbreak of the Covid-19 pandemic is expected to affect the market in multiple ways. The chip production foundries are gradually recovering from the impact of the pandemic gradually in major manufacturing centres like China. Moreover, the rapid deployment of 5G last year is expected to aid market growth of the market studied in 2020. Further, 5G's emergence as an independent network and the rapid expansion of 5G smartphones from flagship-only models to the mid-range segment is expected to aid market growth. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497517/chip-antenna-market - The increasing need for data analysis and integration of analytics is expected to propel the utilization of the Internet of Things market in Retail . Additionally, the use of e-commerce platforms is rapidly increasing owing to the ease of shopping and smartphone penetration in the market, which is likely to boost the market. - For instance, Amazon’s first store in Seattle, the United States, is incorporated with self-checkout service and mobile payment methods, which are available on both Android and iOS systems. The store is equipped with cameras, sensors, and/or RFID readers, to identify shoppers and products, and use computer vision, deep learning algorithms, and the ‘sensor fusion’. - Moreover, the rising usage of the cloud has supported the data generated across various verticals. By 2020, the accumulated volume of Big Data is expected to increase from 4.4 zettabytes to roughly 44 zettabytes or 44 trillion GB. Moreover, the number of IoT connected devices is expected to rise over 50 billion devices by 2020, creating terabytes of data that need to be managed, stored, and analyzed. - The proliferation of 5G is also expected to aid the growth of IoT across major areas of application. According to Small Cell Forum, the total installed base of 5G in 2025 is predicted to be 13.1 million, over one-third of the total in use. - Further, India’s vision to transform 100 cities into smart cities is expected to create a huge demand for IoT devices in smart homes and automotive sector. This is also an important factor contributing to the growth of the market in this region. - The Japanese government has announced their national Big data strategies- The Integrated ICT Strategy for 2020 with an aim to develop country’s new national IT strategy with an open public data as its core during 2013–2020 in order to promote Japan as the country with the world’s highest standards in the extensive use of data analytics in the information technology industry. Suchd to government initiatives are expected aid market growth. For sample report please visit : https://www.statzyreports.com/report/sr497517/chip-antenna-market
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