Driving Forces: Embedded Antenna Systems Market Dynamics and Growth Trajectory

Posted 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.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222999590

Key Insights from the Report:

  1. Chip Antenna Segment Dominance: Among the different types of antennas, the chip antenna segment is expected to hold the largest market share during the forecast period. This dominance is primarily driven by the extensive use of chip antennas by manufacturers of consumer electronics globally.

  2. Consumer Electronics Segment Leadership: The consumer electronics sector is anticipated to account for the largest share of the embedded antenna systems market from 2021 to 2027. Embedded antennas find widespread usage in smartphones, tablets, smart TVs, wearables, gaming consoles, and other peripheral devices for various wireless applications such as Bluetooth, WLAN, Wi-Fi, GPS, among others.

  3. APAC Market Dominance: Asia Pacific (APAC) emerged as the leading region in the embedded antenna systems market in 2020 and is poised to maintain its dominance during the forecast period. APAC is expected to witness the highest CAGR, fueled by the presence of numerous consumer electronics manufacturers in the region. The increasing penetration of smartphones and smart home devices in developing countries within APAC is a key factor driving the demand for embedded antennas. Additionally, government investments in urban planning and smart city development initiatives in countries like China and India are anticipated to create new growth opportunities for IoT devices, thereby driving the adoption of embedded antennas.

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.

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Tom C

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Tom C
Joined: July 2nd, 2020
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