Global Laser Direct Structure Antenna Market to Record Significant Growth at 20.06%

According to a new market research report published by Inkwood Research, Global Laser Direct Structure Antenna Market is predicted to register a CAGR of 20.06% during the forecasting years of 2020-2028.

"Browse 23 Market Data Tables and 35 Figures spread over 123 Pages, along with an in-depth TOC on the Global Laser Direct Structure Antenna Market Forecast 2020-2028."

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The Laser Direct Structuring (LDS) technology is one of the fastest-growing segments of the molded interconnect devices (MID) market. The LDS market is gaining popularity with the wave of miniaturization becoming prominent across various industries, which allows integration of smaller designs with various components. The age of modern electronics has presented manufacturers with many challenges, such as miniaturization, compact electronic packaging, and increased performance demands. In order to meet these requirements, new technology like LDS has emerged to unravel MID production, reduce cost, and accelerate product development. The antenna designers get huge flexibility in making powerful designs with three-dimensional freedom.

Rising Demand of Devices with Higher Antenna Range and IOT is Boosting the Market Growth

With the trend of an integrated ecosystem, improved antenna facilities for laptops, tablets, and ultrabooks, are estimated to drive the market growth. Moreover, the gaming console and AR/VR markets have also observed a significant adoption of the LDS antenna. The strong growth of the AR/VR market and the increasing sales of gaming consoles are anticipated to boost the market growth. Companies such as Molex Inc are working with those device manufacturers who are developing AR/VR systems, in order to combine 5G communications capabilities into their modules, as the 5G networks begin deployment in 2020. Moreover, wearables such as smartwatches are witnessing widespread adoption and recognition. The growing use of IoT technology is further creating new requirements for antenna design. As the antennas for consumer devices and sensor networks in the IoT must be small, the adoption of LDS technology is preferred.

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Consumer Electronics - The Largest End-User Segment

LDS antennas are extremely useful in consumer electronics, such as smartphones, television, laptops, tablets, wearables, gaming consoles, and accessories. All the leading smartphone OEMs all over the world use LDS antennas as they provide better connectivity, at a smaller and efficient scale. The leading smartwatch manufacturers are extensively investing in developing new and more compact watches with improved hardware. Major console developers like Microsoft and Sony are developing consoles using LDS technology. VR technology has gained widespread popularity, and various companies are emerging in this market. Due to its low cost, PSVR is the highest selling VR headset for gaming in the market.

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Asia Pacific Region Records the Highest Growth Rate

The region of Asia Pacific is the biggest market worldwide for consumer electronics. The densely populated countries and increasing income in economies, such as India, China, and Japan, are fueling the market growth.

There is moderate competition in the market due to the presence of limited players. However, the existing companies are trying to gain a competitive edge through innovations, mergers, and acquisitions. Technological developments are anticipated to bring new companies into the market. Taoglas Limited, Shenzhen Sunway Communication Co. Ltd, TE Connectivity Ltd, LPKF Laser & Electronics AG, Harting KGaA, etc. are some of the prominent companies operating in the market.

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