The global chip antenna market was valued at US$ 7 Billion in 2022 and is expected to reach a value of US$ 7.77 Billion in 2023. The chip antenna market is expected to grow at a CAGR of 15.2% between 2023 and 2033, reaching US$ 31.99 Billion by 2033. Chip antennas are a type of compact antenna that is often used for transmitting and receiving radio signals, as well as for transmitting and receiving radio signals as well. In addition to dual-band and multi-band wireless communications, Bluetooth low-energy is also used in a wide range of wireless applications, such as GPS navigation and global positioning systems.
Electronic devices often integrate chip antennas into their internal circuitry since they are inexpensive. In some situations, where a large-size antenna cannot be used, it may be the best option to use this type of antenna. An antenna chip can be used to communicate wirelessly, read and identify radio frequency signals (RFID), and access the Internet of Things (IoT). Often integrated directly into electronics or circuit boards, these antennas are small and lightweight.
Both transmitting and receiving signals can be done using them, and they can be used in a few different frequencies, such as Bluetooth. Remote sensing and tracking are also possible with chip antennas, which are designed with specified radiation patterns. Increasing bandwidth, reducing size, and improving efficiency are likely to drive future innovations in chip antennas. Moreover, researchers are investigating how chip antennas can be integrated with RFID tags, transceivers, sensors, and other components.
Compared to large satellites, small satellites offer a variety of benefits that have revolutionized the space industry. It is essential for satellite-based wireless systems to have effective antennas because they are one of the most critical components of small satellites. Small satellites need alternative antenna technologies because their size and mass are so small, their power is low, their loss is low, and their cost is so low, but the traditional off-chip antennas have a lot of limitations. A promising choice on such a front is the on-chip antenna (OCA), a type of antenna that is desirable over off-chip antennas from a technological viewpoint.
The miniaturization of electronic devices for wireless communication is growing as wireless devices and machines become more efficient and consume less power. Antenna designs on PCBs have limited space, so engineers have to take several constraints into account when designing a high-performance antenna element. Antenna choice is also influenced by manufacturing capabilities and ease of integration. Chip antennas are compact antennas used for transmitting and receiving radio frequency signals in wireless applications. They can be dual-band, multi-band, Bluetooth low-energy, GPS, and Wi-Fi. Often, small electronic devices are equipped with chip antennas, which are inexpensive. Whenever it is not feasible to use a large-size antenna, this antenna style is an ideal choice.
There are various kinds of chip antennas, but they are mostly integrated with microchips, like RFID chips. These types of antennas are used in mobile technology, including mobile phones and GPS tracking devices. The power consumption of chip antennas is extremely low and they are small, inexpensive, and incredibly efficient. The compact size and minimal space make them ideal for portable devices. Chip antennas for cell phones typically cover a frequency range of 800 MHz to 900 MHz. A specific type of wireless technology is also required in order to be compatible with them, such as a GSM or CDMA handset. The size and power requirements of chip antennas are usually lower than those of external antennas.
North America is expected to hold the largest market for chip antennas in the near future. Growing infrastructure, new technologies, and increasing investments in artificial intelligence are all expected to expand the chip antenna market. With its position as a major manufacturing hub for mobile technologies and devices, the region is expected to hold a significant market share.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 7 Billion |
| Expected Market Value (2023) | US$ 7.77 Billion |
| Anticipated Forecast Value (2033) | US$ 31.99 Billion |
| Projected Growth Rate (2023 to 2033) | 15.2% CAGR |
The ever-growing demand for high performance, low power, cost-effective, and highly integrated wireless devices for wide range of applications is generating the need for the massive innovations in wireless systems, architectures, components, and technologies.
Also, with the growing adoption of IoT devices among the enterprises, the need for wireless connectivity is increasing rapidly which is generating substantial demand for chip antenna market. Moreover, the communication architectures are rapidly changing the sector is witnessing rapid adoption of digital solutions which is creating the demand for chip antennas.
The emergence of various applications such as IoT, artificial intelligence, virtual reality, and mobile internet is creating an urgent need for the increase in bandwidth of wireless networks. Therefore, in order to meet the bandwidth requirement of new and emerging applications, the demand for higher frequency band solutions is increasing which is generating potential growth opportunities for the chip antenna market.
Moreover, IoT is becoming one of the most promising application areas in the field of information technology for the future products and services and with the rising proliferation of connected devices in last few years, the demand for chip antenna has increased significantly.
The continuous growth in demand of IoT devices, smart grids, and wireless devices is the key factor driving the growth of chip antenna market. Moreover, wireless technology is playing a key role in today’s communication infrastructure and it is becoming a center of the emerging devices including drones, robots, smart medical devices, and self-driving vehicles.
These devices are generating the need for high-frequency band spectrum and high-bandwidth which further is creating potential growth opportunities for the chip antenna market. Furthermore, the surge in demand for smartphones and wearable devices is playing a crucial role in the growth of chip antenna market.
Apart from this, the increasing deployment of IoT in manufacturing and growing smart cities projects are also creating potential growth opportunities for the chip antenna market. Moreover, the evolution of 5G continuous investments in supporting IoT and automation are propelling the growth of chip antenna market. Also, the rising trend of smart manufacturing and advancements in IIoT are creating potential growth opportunities for the chip antenna market.
Most of the leading players in the chip antenna market are focusing on entering into collaborations and partnerships with smart device manufacturers to offer advanced products for emerging technologies such as 5G and IoT.
Some of the key players in the chip antenna market are-
On the basis of regions, Asia Pacific is expected to be one of the key market for chip antenna market owing to the presence of various key manufacturers of chip antenna and rising penetration of emerging technologies such as IIoT. Moreover, the continuous investments towards wireless devices and technologies and high focus on upgrading automation in the industrial sector is expected to drive the chip antenna market in the region.
Europe and North America are also expected to create potential growth opportunities for the chip antenna market owing to the growing demand for wireless communication solutions in industrial and commercial sectors of the countries of the region.
The Chip Antenna market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The Chip Antenna market has been segmented on the basis of product type and application.
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