Market Overview

Market Research Future (MRFR), in its latest research report, asserts that the global Chip Antenna market 2020 is growing and poised to expand exponentially over the review period, securing a substantial market value of USD 6 billion and a healthy 15% CAGR in the review period.

Competitive Scenario

The global chip antenna market top company analysis reveals Yageo Corporation (Taiwan), Fractus, S.A. (Spain), Patron Co., Ltd. (South Korea), Mitsubishi Materials (Japan), Taoglas (Ireland), Johanson Technology, Inc. (U.S.), Pulse Electronics (U.S.), Fractus Antennas (Spain), Vishay Intertechnology, Inc. (U.S.)., Antenova M2M (U.K.) among others, as the major market players.

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Drivers and Restraints

The rising demand for consumer electronics and the growing adoption of technologies such as the smart grid, automation, Internet of Things, and connected cars, are some of the Chip Antenna Market business growth over the review period. The primary driving factor for the chip antenna market size is the low cost of this product compared to standard antennas. Moreover, the increasing trend of miniaturization in consumer electronics is anticipated to fuel the growth of the chip antenna market share. There is substantial opportunity in the near future for the expansion of the market in low power full area network applications. The smart home sector is anticipated to expand, consequently to drive the Chip Antenna technology market owing to the growing acceptance of IoT systems in smart home applications. Varied wireless technologies, such as WLAN and Bluetooth, among others, are being continuously used to connect different IoT devices.

On the other hand, the intricate design of chip antennas proves to be one of the significant challenges for market growth. Additionally, the chip antenna witnesses compatibility issues during its incorporation on the circuit board is poised to lead to a relatively slower rate of adoption.

Segmental Analysis

The global chip antenna market is analyzed in numerous segments on the basis of type, applications, and end-users. Based on the type, the chip antenna market is bifurcated into ceramic multilayer chip antennas and a dielectric chip antenna. Additionally, based on the application, the market is segmented into ZigBee, WLAN, Bluetooth, and ISM, among others. The Bluetooth segment is poised to dominate the application sector of the chip antenna market by the end of the review period. The major growth factor is attributed to extensive usage of Bluetooth technology for short-range wireless communication in numerous consumer electronic devices, which include smartphones, gaming consoles and wearable devices, headsets, among others. There is a growing demand for these electronic devices, which consequently is driving the growth of the market for chip antenna. While, on the basis of end-user, the Chip Antenna market is segmented into BFSI, transportation, industrial, I.T. & telecommunication, healthcare, manufacturing, government, and others.

Regional Overview

The geographical overview of the global chip antenna market has been conducted in four major regions, including Europe, the Asia Pacific, North America, and the rest of the world (Latin America, the Middle East, and Africa).

Asia-Pacific is slated to dominate the chip antenna market during the forecast period. The significant factors driving the market in this region are expanding the consumer electronics industry and increasing the adoption of automation. There is growing demand for automobiles and consumer electronics from countries, including India, China, South Korea, and Japan, which in turn is boosting the growth of the market in the Asia Pacific. Moreover, North America is also poised to expand at a rapid pace wing to the early adoption of advanced technologies including Wi-Fi, ZigBee, and others. Correspondingly, well-established economies such as the U.S., and Canada, are capitalizing a large share on research and development projects of wireless transmission technologies, which is projected to fuel the market growth of chip antennas in the region.

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