According to the report, the Chip Antenna market is expected to grow from USD 1,612 million in 2019 to USD 3,802 million by 2026, growing at a CAGR of 13.04% from 2019 to 2026.
Market Overview
The global Chip Antenna market is estimated to be USD 1,612 million in 2019 and is expected to reach USD 3,802 million by 2026, with a CAGR of 13.04% during the forecast period.
The high demand for consumer electronics and increasing adoption of technologies such as automation, connected cars, Internet of Things (IoT), and smart grid are factors that driving the Chip Antenna market growth. Low cost of chip antenna as compared to that of large antennas may helpful to driving this market. On the other side, the complex design of chip antennas and compatibility issues during the chip antenna’s integration on the circuit board are considered as restraint factors.
A Chip Antenna is a compact antenna which is used for transmission and reception of radio frequency signals in wireless applications such as Bluetooth, WLAN/Wi-Fi and GPS/GNSS. Some of the advantages of using this antenna include small size and variety of configurations, independent nature of components, flexible tuning & can be custom designed, and this antenna are less affected by environmental or human operators.
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Competitive Insights
Key players operating in this market include Yageo Corporation, Vishay Intertechnology, Inc., Johanson Technology, Inc., Pulse Electronics, Taoglas, Mitsubishi Materials Corporation, Partron Co., Ltd., Inpaq Technology Co., Ltd., Antenova M2m, Fractus S.A., Linx Technologies, Fractus Antenna S.L., Microgate, Sunlord, and Rainsun.
Regional Insights
North America dominates the Chip Antenna market with a share of 31.67%, and expected to witness significant growth due to the early adoption of advanced technologies, strong economies like the USA and Canada. Both of these countries are spending a huge amount of money on research and development (R&D) of wireless transmission technologies, which is expected to fuel market growth. Europe is the second largest market with a share of 27.97% because of the region’s high density of population and the technological advancement. Asia Pacific occupied a share of 27.36%, but is projected to have a robust growth in the future due to the expanding consumer electronics industry and increasing adoption of automation. The dominant country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
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Based on the type, the Chip Antenna market can be segmented into Dielectric Chip Antenna, LTCC, and Ceramic Multilayer Chip Antennas.
The market for the LTCC chip antennas would grow at the highest CAGR between 2019 and 2026. This growth is attributed to the benefits offered by LTCC chip antennas, such as very small dimension and low cost compared to dielectric chip antennas. Besides, the growing demand for wireless applications such as Bluetooth, dual band/multi-band, GPS, and WLAN in different end-user industries is also driving the growth of LTCC chip antennas segment.
Application Insights
Based on application, the Chip Antenna market is bifurcated into Dual Band / Multi-Band, Wlan/Wifi, GPS / GNSS, and Bluetooth /BLE.
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Audience
l Chip Antenna manufacturers
l Distributors and resellers of Chip Antenna
l Chip Antenna industry associations
l Product managers, Chip Antenna industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Chip Antenna
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