Embedded Antenna System Market is expected to reach US$ 5,685.63 million by 2028 - Latest Research by The Insight Partners

According to the new research report published by The Insight Partners on "Embedded Antenna System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Antenna Type (PCB Trace Antenna, Chip Antenna, Patch Antenna, Flexible Printed Circuit Antenna, and Others), Connectivity [GNSS/GPS, WiFi-Bluetooth, Cellular, mmWave (5G), LPWAn, RFID, and UWB], and End Use (Consumer Electronics, Communication, Healthcare, Aerospace & Defense, Industrial, Automotive & Transportation, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The embedded antenna system market is expected to grow from 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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An embedded antenna uses metamaterials to improve the performance of small antenna systems. The embedded antenna system uses an electromagnetic antenna to generate energy into free space. Metamaterials are designed with unique, typically microscopic structures to produce unexpected physical properties. The increasing penetration of advanced technologies, such as the Internet of Things (IoT), 5G, and artificial intelligence, supports the growth of the embedded antenna system market. The increasing use of embedded systems in IoT devices, growing demand for smart antennas for remote working in the healthcare sector, rising prevalence of the internet, surge in the number of smartphone users, and advancements in 5G technologies are major forces driving the market growth.

Furthermore, the growing need for embedded antenna systems in smart homes, smart grids, linked automobiles, smart thermostats, etc., is expected to boost the market growth throughout the forecast period. 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 increasing digitalization are among other significant factors propelling the embedded antenna system market growth.

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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.

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 popularity of Bluetooth, the demand for headsets, smartphones, wearables, game consoles, and other consumer electronics is also on rise, which contributes to the embedded antenna market 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.

The List of Companies - Embedded Antenna Systems Market

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.

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