New York (United States):- The global chip antenna market size was US$ 1.19 billion in 2021. The global chip antenna market is forecast to grow to US$ 2.8 billion by 2030, registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
A chip antenna is a small antenna that is used to broadcast and receive radio frequency signals in a variety of wireless applications, including dual-band and multiband, Bluetooth low energy, GPS/GPS, and Wi-Fi/WLAN.
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Consumer electronics are in high demand, which is driving the growth of the global chip antenna market. The global chip antenna market is predicted to rise due to the increased adoption of technologies such as the Internet of Things (IoT), linked vehicles, automation, and smart grids.
Consumer electronics miniaturization is a necessary trend driving the growth of the chip antenna market.
The growing desire for tiny antennas working at many frequency ranges and minimizing space in devices such as smartphones, wearables, and other gadgets will prompt the growth of the chip antenna market.
The growing popularity of Bluetooth technology is expected to surge the demand for consumer electronic products like headsets, smartphones, wearables, and game consoles. Thus, the chip antenna market will expand due to these factors.
The demand for consumer electronics declined drastically. As a result, it hampered the growth of the global chip antenna market. Moreover, the manufacturing activities were also halted due to the COVID-19 pandemic. Thus, the demand for chip antennas was also reduced. Furthermore, research and development activities were also postponed due to this national emergency, which was a significant downfall for the global chip antenna market.
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Asia-Pacific holds the largest share in the global chip antenna market. North America and Europe are forecast to hold the second and third largest share in the global market. Emerging economies, such as India, China, South Korea, and Indonesia, are likely to enhance the domestic market growth. In addition, the consumer electronics industry’s growth and the rise in automation adoption would boost the region’s market size in the global market in the near future.
The global chip antenna market segmentation focuses on Product, Application, End-Use, and Region.
Global Chip Antenna Market, by Product –
Global Chip Antenna Market, by End-Use –
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