According to a recent research analysis prepared by knowledgeable researchers at Fact.MR, the size of the worldwide chip antenna market is expected to reach US$ 4.2 billion by 2024. By the end of 2034, the market is expected to reach US$ 9.6 billion, growing at a compound annual growth rate of 8.6% during the following ten years.

The growing trend of smart device purchases, including tablets, smartphones, wearables, smart home appliances, and many more, is a major driver of the expansion of the chip antenna industry. For these smart gadgets to have a dependable wireless connection, chip antennas are required. The need for networked devices and systems in rising smart homes and cities is another factor driving up chip antenna demand.

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Strong wireless communication is becoming more dependent on small and efficient antenna solutions in the current trend of electronic device shrinking, which includes smartphones, wearables, portable devices, and many more. Chip antennas are becoming more and more necessary because they combine tiny size and great performance, allowing for smooth integration into compact and integrated device designs without sacrificing functionality or communication quality.

Chip antenna sales are also being helped by the growing usage of wireless devices and telemedicine programs in the medical field. Chip antennas are crucial in the medical field for consistent and safe data transfer in a range of medical applications. The goal of manufacturers is to produce new chip antennas that are more dependable, more compact, and perform better. A significant development in the chip antenna market that is advantageous to enterprises is the emphasis on the shrinking of electronic devices, including wearables, smartphones, and portable gadgets.

Key Companies Profiled

Antenova Ltd.

Vishay Intertechnology, Inc.

Yageo Corporation

Mitsubishi Materials Corporation

Pulse Electronics

Parton Co., Ltd.

Johnson Technology

Linx Technologies

Fractus S.A.

A positive market environment has been created by the growing use of the Internet of Things (IoT).

In order to guarantee continuous wireless connectivity, the rising use of the Internet of Things (IoT) is driving up demand for small-sized chip antenna solutions. In this case, chip antennas are crucial since they offer the necessary connection for a range of devices. These Internet of Things gadgets, which rely on chip antennas for efficient and fast data transfer, include wearable technology, industrial automation, and smart home systems.

Chip antennas are growing in popularity because they function well and are small, making them ideal for a variety of space-constrained components including Internet of Things applications.

High Material Cost and Expert Professional Requirement

For best results, chip antennas mostly depend on premium materials such as ceramics and sophisticated composites. Nonetheless, the growing price of these components drives up overall production costs. As a result, these expenses provide formidable obstacles to the growth of the chip antenna industry. These costs are significant obstacles for manufacturers who want to increase their market share while maintaining strict quality requirements.

Ensuring interoperability with a variety of wireless protocols and devices is another important consideration. Chip antenna integration into current systems frequently necessitates customisation and specific technological know-how. Furthermore, the time-consuming and expensive nature of this integration procedure prevents their wider adoption.

The established consumer electronics industry in Japan is contributing to the increase in demand for chip antennas, which are essential components that allow wireless communication in wearables, tablets, smartphones, and other portable devices. Key features or technologies supported by chip antennas include Bluetooth, Wi-Fi, and GPS, which are essential for reliable location-based applications and communication. Due to their compact size and widespread usage in small-design electronics, these antennas are becoming increasingly significant in Japan.

The demands of modern and next-generation communication networks for higher data rates, more bandwidth, and lower latency are being met in part via chip antennas. 5G technology is introducing new frequency bands and complex signal requirements that are hard for conventional antennas to handle well. As a result, there is a need for chip increasing in United States.

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Competitive Landscape

• Apple and UMC inked a deal in April 2024 for the production of necessary parts for Apple's next iPhone antenna modules. A report from Economic Daily News claims that the production volume is in the tens of thousands.
• With the release of its revolutionary QWX27105 single-chip 5 to 7 GHz front-end IC in April 2024, QuantalRF unveiled the first member of its Elementum family of Wi-Fi 7 solutions. This cutting-edge solution unites all RF front-end components into an ultra-compact CMOS SOI architecture, surpassing current GaAs and SiGe offerings.
• A 150 GHz transmitter integrated circuit chip and associated technologies were created in October 2023 by NEC Corporation in preparation for mobile access radio communication systems that would be available beyond 5G and 6G.

Segmentation of Chip Antenna Market Research

• By Product Type :
  • LTCC Chip Antennas
  • Dielectric Chip Antennas
• By Application :
  • WLAN/Wi-Fi
  • Bluetooth/BLE
  • Dual Band/Multi-Band
  • GPS/GNSS
• By End-Use Industry :
  • Automotive
  • Healthcare
  • Industrial & Retail
  • Smart Grids/Smart Homes
  • Consumer Electronics
• By Region :
  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

This growth is driven by the increasing demand for compact, efficient, and high-performance antennas across various applications, including IoT devices, smartphones, and automotive systems. As technology continues to advance and the adoption of connected devices surges, the chip antenna market is set to play a crucial role in enabling seamless wireless communication and connectivity. Companies in this sector have a tremendous opportunity to innovate and capitalize on the burgeoning demand, ensuring they remain competitive in this rapidly evolving landscape.

FAQ:

What is the projected demand growth for the global market?

Worldwide demand for chip antennas is forecasted to increase at a CAGR of 8.6% from 2024 to 2034.

At what rate is the market expected to expand in South Korea?

The market in South Korea is projected to expand at a CAGR of 10.4% through 2034.

What is the market forecast for North America?

The market in North America is projected to generate revenue worth US$ 2.53 billion by 2034.