According to the latest market research study on 'Embedded Antenna System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Antenna Type, Connectivity, and End Use,' the embedded antenna system market is expected to reach US$ 5,685.63 million by 2028 from US$ 2,858.37 million in 2021; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.
Growing Penetration of 5G Technology to Drive Embedded Antenna System Market in Future
The increasing number of connected devices and growing preference for high-speed internet connectivity boost the adoption of 5G networks. Innovations in wireless communications, such as long-term evolution (LTE), enhanced mobility, and mobile data traffic surge, are driving the penetration of 5G technology. With 3G as the definitive wireless broadband technology and 4G rapidly expanding possibilities across a wide range of applications, the industry's focus has shifted to the development of 5G technology. The 5G development is expected to be the next phase of development in the highly dynamic broadband business. The 5G network provides fast data transfer rates, a high device connection density, and real-time services with low latency. Thus, the above-mentioned factor is further growing the embedded antenna system market size.
Many mobile network operators have publicly announced the deployment of 5G networks, starting in urban centers. The US is at the forefront of this trend, as AT&T began its rollouts in 2018 and its 5G network covered 230 million Americans in 14,000 cities and towns, and the 5G+ was available in parts of 38 cities in the US in 2021. Furthermore, according to the GSA 2020 report, the 5G deployment in China is growing at a fast pace. Also, telecommunications companies use 5G antennas to handle the high speed, capacity, and bandwidth of 5G networks. Therefore, the development of 5G is likely to present attractive prospects for the embedded antenna system market players during the forecast period. 5G mmWave is a revolutionary cellular technology that provides access to large bandwidth and capacity in frequency bands above 24 GHz. The growing deployment of broadband and mobile speeds network, increasing use in small-cell backhaul networks, and adoption of mm Wave technology in security and radar applications drive the embedded antenna system market for 5G-mmWave-based embedded antennas. Further, the increasing adoption of 5G-based consumer electronics is driving the deployment of the embedded antenna in the devices and thus drives the embedded antenna system market growth.
The COVID-19 crisis has affected various industries worldwide, and the global economy has anticipated decline in the year 2020 and likely in 2021. The embedded antenna system market players experienced supply chain disruptions in 2020 due to various containment measures enforced by governments amid the COVID-19 pandemic. The crisis also affected their production performances in that year. In Asia-Pacific, the demand for embedded antenna systems decreased significantly in the consumer electronics industry owing to the limited manufacturing capacities of consumer electronics manufacturers. However, as economies reopened and industries began their operations in 2021, with full capacities, the demand for embedded antenna systems experienced a growth. Also, with ease in the restrictions imposed in early 2020, embedded antenna system manufacturers are reviving their manufacturing processes with high workforce capacity. Moreover, stabilization of the supply chains of embedded antenna system players during mid-2021 also drove the resurgence of the embedded antenna system market size.
The increasing adoption by various industries such as consumer electronics, communication, and automotive, and the rising penetration of advanced technologies, including AI and IoT, fuel the embedded antenna system market. Moreover, companies operating in North America focus on enhancing their overall business operations to meet continuously evolving customer demands. The penetration of 5G wireless technology, the demand for smart homes, IoT-based devices, and other products is also on the rise. Further, the increasing use of smartphones and smart home devices in developing countries in APAC will boost the need for embedded antennas. Government investments in urban planning and smart city development in China and India are likely to open up new growth avenues for IoT device providers, thereby driving the demand for embedded antenna systems and thus rise the embedded antenna system market growth. Moreover, with the expansion of application areas of smartphones, the need for embedded antennas is likely to grow in the near future. Technological advancements, and favorable government legislation and policies are among the major contributors to high embedded antenna system demand. Furthermore, many companies in the embedded antenna system market are introducing improved products for various smart gadgets. The adoption of IoT-based devices drives the embedded antenna system market growth in SAM.
The embedded antenna system market is segmented into five major regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Cental America (SAM). APAC holds a significant share of the embedded antenna system market. The region is becoming a major embedded antenna system market for consumer electronics manufacturers due to favorable economic growth, increasing disposable income, and growing modern lifestyle adoption rate. With the elevating internet penetration rate, consumer electronics manufacturers are poised to launch advanced connected appliances in the region. According to Cisco System Inc., Asia Pacific will have 13.5 billion networked devices/connections by 2023. Moreover, the healthcare sector is growing substantially due to the increasing deployment of healthcare institutions, fueling the adoption of connected devices in diagnostics, therapeutics, and monitoring. The flourishing communications and healthcare sectors are creating growth opportunities for embedded antenna system market players to strengthen their positions in Asia Pacific.
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Growing Penetration of 5G Technology to Drive Embedded Antenna System Market in Future
The increasing number of connected devices and growing preference for high-speed internet connectivity boost the adoption of 5G networks. Innovations in wireless communications, such as long-term evolution (LTE), enhanced mobility, and mobile data traffic surge, are driving the penetration of 5G technology. With 3G as the definitive wireless broadband technology and 4G rapidly expanding possibilities across a wide range of applications, the industry's focus has shifted to the development of 5G technology. The 5G development is expected to be the next phase of development in the highly dynamic broadband business. The 5G network provides fast data transfer rates, a high device connection density, and real-time services with low latency. Thus, the above-mentioned factor is further growing the embedded antenna system market size.
Many mobile network operators have publicly announced the deployment of 5G networks, starting in urban centers. The US is at the forefront of this trend, as AT&T began its rollouts in 2018 and its 5G network covered 230 million Americans in 14,000 cities and towns, and the 5G+ was available in parts of 38 cities in the US in 2021. Furthermore, according to the GSA 2020 report, the 5G deployment in China is growing at a fast pace. Also, telecommunications companies use 5G antennas to handle the high speed, capacity, and bandwidth of 5G networks. Therefore, the development of 5G is likely to present attractive prospects for the embedded antenna system market players during the forecast period. 5G mmWave is a revolutionary cellular technology that provides access to large bandwidth and capacity in frequency bands above 24 GHz. The growing deployment of broadband and mobile speeds network, increasing use in small-cell backhaul networks, and adoption of mm Wave technology in security and radar applications drive the embedded antenna system market for 5G-mmWave-based embedded antennas. Further, the increasing adoption of 5G-based consumer electronics is driving the deployment of the embedded antenna in the devices and thus drives the embedded antenna system market growth.
The COVID-19 crisis has affected various industries worldwide, and the global economy has anticipated decline in the year 2020 and likely in 2021. The embedded antenna system market players experienced supply chain disruptions in 2020 due to various containment measures enforced by governments amid the COVID-19 pandemic. The crisis also affected their production performances in that year. In Asia-Pacific, the demand for embedded antenna systems decreased significantly in the consumer electronics industry owing to the limited manufacturing capacities of consumer electronics manufacturers. However, as economies reopened and industries began their operations in 2021, with full capacities, the demand for embedded antenna systems experienced a growth. Also, with ease in the restrictions imposed in early 2020, embedded antenna system manufacturers are reviving their manufacturing processes with high workforce capacity. Moreover, stabilization of the supply chains of embedded antenna system players during mid-2021 also drove the resurgence of the embedded antenna system market size.
The increasing adoption by various industries such as consumer electronics, communication, and automotive, and the rising penetration of advanced technologies, including AI and IoT, fuel the embedded antenna system market. Moreover, companies operating in North America focus on enhancing their overall business operations to meet continuously evolving customer demands. The penetration of 5G wireless technology, the demand for smart homes, IoT-based devices, and other products is also on the rise. Further, the increasing use of smartphones and smart home devices in developing countries in APAC will boost the need for embedded antennas. Government investments in urban planning and smart city development in China and India are likely to open up new growth avenues for IoT device providers, thereby driving the demand for embedded antenna systems and thus rise the embedded antenna system market growth. Moreover, with the expansion of application areas of smartphones, the need for embedded antennas is likely to grow in the near future. Technological advancements, and favorable government legislation and policies are among the major contributors to high embedded antenna system demand. Furthermore, many companies in the embedded antenna system market are introducing improved products for various smart gadgets. The adoption of IoT-based devices drives the embedded antenna system market growth in SAM.
Key Findings of Study:
The embedded antenna system market is segmented into five major regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Cental America (SAM). APAC holds a significant share of the embedded antenna system market. The region is becoming a major embedded antenna system market for consumer electronics manufacturers due to favorable economic growth, increasing disposable income, and growing modern lifestyle adoption rate. With the elevating internet penetration rate, consumer electronics manufacturers are poised to launch advanced connected appliances in the region. According to Cisco System Inc., Asia Pacific will have 13.5 billion networked devices/connections by 2023. Moreover, the healthcare sector is growing substantially due to the increasing deployment of healthcare institutions, fueling the adoption of connected devices in diagnostics, therapeutics, and monitoring. The flourishing communications and healthcare sectors are creating growth opportunities for embedded antenna system market players to strengthen their positions in Asia Pacific.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global embedded antenna system market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global embedded antenna system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Embedded Antenna System Market Landscape
5. Embedded Antenna System Market - Key Industry Dynamics
6. Embedded Antenna System- Global Market Analysis
7. Embedded Antenna System Market Analysis - By Antenna Type
8. Embedded Antenna System Market Analysis - By Connectivity
9. Embedded Antenna Systems Market Analysis - by End Use
10. Embedded Antenna System Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Embedded Antenna System Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
The embedded antenna system market is expected to reach US$ 5,685.63 million by 2028 from US$ 2,858.37 million in 2021; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.The embedded antenna system market in North America is segmented into the US, Canada, and Mexico. Many of the world’s Fortune 500 companies have a prominent presence in the region. The US is the largest economy in the world and has a highly developed and diversified industrial sector. The rising cost of labor, lack of skilled workforce, and emphasis on increasing industrial efficiencies are the factors encouraging the adoption of Industry 4.0 among manufacturers in North America. Thus, a rise in the adoption of the Industrial Internet of Things (IIoT), which utilizes connected technologies such as Bluetooth, ultrawideband, and Wi-Fi, is propelling the demand for embedded antenna systems. Connected devices are flourishing in North America due to the positive outlook toward the adoption of modern technologies and the availability of robust communication infrastructure. According to Cisco Systems, Inc., the number of network devices in North America is projected to reach ~5 billion by the end of 2023. Tallysman, Cobham, Linx Technologies, TE Connectivity Corporation, Airgain, Inc., Mobile Mark Inc., and Molex LLC are among the leading embedded antenna system market players operating in this region.
The embedded antenna system market is segmented on the basis of antenna type, connectivity, end use, and geography. Based on antenna type, the market is segmented into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit antenna, and others. The PCB trace antenna segment held the largest market share in 2020. By connectivity, the embedded antenna system market is segmented into GNSS/GPS, WiFi-Bluetooth, cellular, mm Wave (5G), LPWAn, RFID, and UWB. In 2020, the GNSS/GPS segment accounted for a substantial share of the embedded antenna system market. Based on end use, the embedded antenna system market is segmented into consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and others. The consumer electronics segment contributed the largest market share in 2020. Based on geography, the embedded antenna system market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2020, APAC accounted for a significant share of the market.
Upon the onset of the COVID-19 outbreak, manufacturing units in North America were temporarily shut down to control the rapid spread of the novel coronavirus. The embedded antenna system manufacturing across the region experienced notable losses due to temporary factory shutdowns and low production volumes. Additionally, the embedded antenna systems market experienced low demand for these products due to stringent government regulations and lowered production activities across end-user industries. These factors hampered the market growth in the first two quarters of 2020. However, during the Q3 of 2020, with the normalization of economic activities across North America, supply chain stakeholders resumed their operations, thereby providing resurgence opportunities for embedded antenna system market players.
The embedded antenna system market in Europe is further segmented into Germany, France, Russia, the UK, Italy, and the Rest of Europe. The region is characterized by large-scale industrialization; high GDP, especially in highly developed economies in Western Europe; improved living standards; and a continuously growing elderly population. Europe is a highly industrialized region with a well-developed industrial sector that contributes significantly to the overall regional economy. This sector houses more than 2 million companies and provides 33 million jobs; however, with the increasing elderly population and limited skilled worker availability, manufacturers in the region are investing significantly in smart manufacturing, thereby boosting the adoption of embedded antenna systems. Further, to support the proliferation of Industry 4.0, the EU has introduced “For a European Industrial Renaissance” program. Under the program, the EU has extended support toward the implementation of digital technologies—including cloud computing, new industrial internet applications, Big Data, smart factories, robotics, and 3D printing—for increasing manufacturing productivity by redefining business models and creating new products and services. Further, the aging population is a noteworthy factor highlighting the need for advanced connected healthcare devices, which is fueling the growth of the embedded antenna system market in Europe.
The embedded antenna system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the embedded antenna system market with respect to all the market segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the embedded antenna system market.
A few major players operating in the global embedded antenna system market are Airgain, Inc.; Antenova ltd.; Infinite Electronics International, inc.; Kyocera AVX Components Corporation; Mitsubishi Materials Corporation; MOLEX; LINX Technologies; TE Connectivity; Walsin Technology Corporation; YAGEO Group; TAOGLAS; Tallysman; Panorama Antennas ltd; Mobile Mark, inc.; and 2J Antennas, S.R.O.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airgain, Inc
- Antenova Ltd
- Infinite Electronics International, Inc.
- Kyocera Avx Components Corporation
- Mitsubishi Materials Corporation
- Molex
- Linx Technologies
- Te Connectivity
- Walsin Technology Corporation
- Yage- Group
- Taoglas
- Tallysman
- Panorama Antennas Ltd
- Mobile Mark, Inc.
- 2J Antennas, S.R.O.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 204 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2858.37 Million |
| Forecasted Market Value ( USD | $ 5685.63 Million |
| Compound Annual Growth Rate | 10.3% |
| Regions Covered | Global |
