Press release
Europe Embedded Antenna System Market to Exceed US$ 1,375.54 million by 2028 says, Business Market Insights
The Europe embedded antenna system market is expected to grow from US$ 685.00 million in 2021 to US$ 1,375.54 million by 2028; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028.Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.businessmarketinsights.com/sample/BMIRE00025051/?utm_source=OpenPR&utm_medium=10356
The report provides trends prevailing in the "Europe embedded antenna system market" along with the drivers and restraints pertaining to the market growth. Accentuating adoption of embedded antenna system in consumer electronics industry and increasing emergence of IoT-based devices/technology are the major factor driving the growth of the Europe embedded antenna system market. However, designing complications of embedded antenna hinders the growth of Europe embedded antenna system market.
The Europe embedded antenna system market is segmented based on by antenna type, connectivity, end use, and country. Based on antenna type, the Europe embedded antenna system market is segmented into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit antenna, and others. The PCB trace antenna segment dominated the Europe embedded antenna system market in 2020 and flexible printed circuit antenna segment is expected to be fastest growing during forecast period.
Major key players covered in this report:
• Airgain, Inc.
• Antenova Ltd.
• KYOCERA-AVX
• Linx Technologies
• Mitsubishi Electric Corporation
• Molex, LLC (Koch Industries, Inc.)
• Taoglas
• TE Connectivity Corporation
• Walsin Technology Corporation
• Yageo Group
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Based on connectivity, the Europe embedded antenna system market is segmented into GNSS/GPS, WiFi-Bluetooth, cellular, mmWave (5G), LPWAn, RFID, and UWB. The GNSS/GPS segment dominated the Europe embedded antenna system market in 2020 and mmWave (5G) segment is expected to be fastest growing during forecast period. Based on end use, the Europe embedded antenna system market is segmented into consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and others.
The consumer electronics segment dominated the Europe embedded antenna system market in 2020 and industrial segment is expected to be fastest growing during forecast period. Further, based on communication, Europe embedded antenna system market is segmented into datacom and telecom. Based on country, the Europe embedded antenna system market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
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The increasing development of numerous smart devices, smart homes, smart grids, industrial internet, and connected cars is fueling the Internet of Things (IoT) ecosystems rapidly. Further, 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. Various antennas support numerous networks to allow connectivity, which bolsters the growth of the embedded antenna system market. Moreover, IoT technologies help the automotive industry create various innovative and advanced solutions, such as connected car solutions, Advanced Driver-Assistance Systems (ADAS), in-vehicle infotainment systems, and navigation and telematics solutions.
Further, Embedded antennas are integrated into IoT-enabled cars. The antenna systems assist the drivers in driving the vehicles efficiently. Thus, the rise in the demand for IoT-enabled cars or connected cars drives the embedded antenna system market growth. In addition, car manufacturers are integrating sophisticated in-vehicle infotainment systems to provide differentiated services to their customers, which eventually supports market growth.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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