Driving Forces: Embedded Antenna Systems Market Dynamics and Growth TrajectoryPosted by Tom C on March 4th, 2024 The embedded antenna systems market, as outlined in a comprehensive research report titled "Embedded Antenna Systems Market with COVID-19 Impact Analysis," conducted by MarketsandMarkets, witnessed significant growth in recent years. In 2020, the market was valued at USD 3.2 billion and is projected to reach USD 8.4 billion by 2027, with an anticipated compound annual growth rate (CAGR) of 14.9% during the forecast period from 2021 to 2027. This growth trajectory is attributed to several key factors, including the rising adoption of embedded antennas in Internet of Things (IoT) devices, increasing demand for low-power wide area (LPWA) networks in IoT applications, among others. Download PDF Brochure: Key Insights from the Report:
Impact of COVID-19 Pandemic: The global economy faced significant disruptions due to the COVID-19 pandemic, impacting various sectors, including manufacturing and assembly plants. Economies across APAC, including China, Japan, South Korea, India, and Australia, experienced a downturn as economic activities came to a halt. China, renowned as the world's manufacturing hub, witnessed severe economic challenges due to the pandemic-induced lockdowns. Similarly, other countries in the region also grappled with reduced economic activities across multiple sectors. Key Market Players: Some of the prominent players in the embedded antenna systems market include Molex (US), Taoglas (Ireland), Kyocera AVX (US), Linx Technologies (US), Antenova Ltd. (UK), Yageo Corporation (Taiwan), Abracon (US), Ignion (Spain), TE Connectivity (Switzerland), among others. In summary, the embedded antenna systems market is poised for significant growth driven by technological advancements, increasing IoT adoption, and the expanding consumer electronics sector. Despite the challenges posed by the COVID-19 pandemic, the market is expected to witness sustained growth, particularly in regions like APAC, fueled by ongoing urbanization and smart city initiatives. Like it? Share it!More by this author |