Embedded Antenna System Market worth US$ 5,685.63 million by 2028 - Exclusive Research by The Insight Partners

According to our latest market 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.

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The embedded antenna system market is segmented into five major regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South America. APAC held the largest market share in 2020, followed by North America and Europe, respectively. The region is also anticipated to register the highest CAGR in the embedded antenna system market during the forecast period. The increasing adoption of embedded antenna systems in consumer electronics fuels the market growth in APAC. In addition, the increasing development of numerous smart devices, smart homes, smart grids, industrial internet, and connected cars is rapidly fueling the Internet of Things (IoT) ecosystems in the region.

IoT applications rely heavily on a wireless connection to connect with IoT gateways and other devices in the ecosystem, especially in scenarios where cable connectivity is practically impossible, and embedded antennae serve this purpose by facilitating connectivity. The increasing use of consumer electronics such as smartphones and laptops in developed and developing countries is mainly attributed to rising disposable income, increasing population, and growing internet penetration. Advancements in smartphone technologies and rising digitalization are significant factors propelling the growth of the embedded antenna system market.

IoT technologies support the development of innovative and advanced solutions, such as connected car solutions, advanced driver-assistance systems (ADAS), in-vehicle infotainment systems, and navigation and telematics solutions, in the automotive industry. Embedded antennas are integrated into IoT-enabled cars. Thus, a rise in demand for IoT-enabled cars or connected cars drives the embedded antenna system market progress. In addition, car manufacturers are incorporating sophisticated in-vehicle infotainment systems in their automotive products to provide differentiated services to their customers.

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Increasing Adoption of Embedded Antenna Systems in Consumer Electronics Industry Driving Market Growth

Consumer electronics devices, such as smartphones, laptops, smart TVs, wearables, tablets, gaming consoles, and peripheral devices, use embedded antenna systems for wireless applications, including Bluetooth, WLAN, Wi-Fi, and GPS. The increasing use of smartphones and laptops, among others, in developed and developing countries is mainly attributed to rising disposable income, increasing population, and growing Internet penetration. Advancements in smartphone technologies and increase in digitalization propel the growth of the embedded antenna system market. In addition, with the surge in popularityof Bluetooth, the demand for headsets, smartphones, wearables, game consoles, and other consumerelectronics is also on rise, which contributes to theembeddedantennamarket growth.

The ongoing technological advancements have led to a rise in the penetration of consumer electronic devices across several economies. As per the Consumer Technology Association (CTA), the sales of smartphones in the US accounted for 152 million units in 2020. In addition, according to the International Data Corporation (IDC), smartphone shipments increased by 5.3% year on year and reached 1.35 billion units in 2021.

Embedded Antenna System Market: Competitive Landscape and Key Developments

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. are among the major companies operating in the embedded antenna system market.

The players operating in the embedded antenna system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

1. In January 2022, KYOCERA AVX launched the evaluation board for testing antenna band switching performance at CES 2022 in Las Vegas.

2. In August 2021, TE Connectivity TE signed a definitive agreement to acquire the Antennas business from Laird Connectivity.

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