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Embedded Antenna Systems Market Trends and Opportunities for 2023-2031, Size, Share, and Revenue Forecast | Mobile Mark, Inc; Abracon; Antenova Ltd

06-27-2023 10:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Embedded Antenna Systems Market Trends and Opportunities

Embedded Antenna Systems Market Report

The global embedded antenna systems market has been experiencing significant growth and is projected to reach a revenue of US$ 13.6 billion by 2031, with a compound annual growth rate (CAGR) of 14.3% during the forecast period from 2022 to 2031. Embedded antennas are designed to enhance the performance of miniaturized antenna systems, transmitting energy into space. These antennas utilize metamaterials to induce behavior that makes them appear larger than their actual size, enabling efficient energy transmission.

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Factors Influencing Market Growth:
1. Expansion of LPWA Networks in IoT Applications: The increasing adoption of low-power wide-area (LPWA) networks in Internet of Things (IoT) applications is expected to drive the market growth. LPWA networks provide efficient and low-power connectivity solutions, which are essential for IoT deployments across various industries.

2. Technological Advancements in Wireless Communications: Technological advancements such as Long-Term Evolution (LTE), improved mobility, and the surge in mobile data traffic are accelerating the adoption of 5G technology. As a result, there is a growing demand for embedded antenna systems to support the deployment and optimization of 5G networks, boosting the market.

3. Growing Adoption in Consumer Electronics: The consumer electronics industry is increasingly adopting embedded antenna systems to enhance wireless connectivity in devices such as smartphones, wearables, smart home devices, and more. The demand for seamless and reliable wireless connectivity in consumer electronics is driving market growth.

4. Infrastructure Development and Maintenance Costs: The market growth may face restraints due to the lack of qualified workers and the expensive infrastructure development and maintenance costs associated with flat panel antenna support. These factors can limit the widespread adoption of embedded antenna systems, particularly in certain industries.

Study of the COVID-19 Pandemic:
The COVID-19 pandemic had a significant negative impact on the embedded antenna systems market. Lockdown measures and disruptions in the supply chain led to the closure of industry and manufacturing facilities worldwide. This resulted in a decline in the market between 2019 and 2020. However, it is anticipated that the market will recover from 2021 onwards and continue to grow throughout the forecast period.

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Regional Insights:
Asia Pacific dominates the embedded antenna systems market in terms of market share. The region houses numerous consumer electronics manufacturers, and the increasing penetration of smartphones and smart home technology in developing countries drives the demand for embedded antennas. Government investments in smart city and urban planning initiatives in countries like India and China present new growth opportunities for IoT devices, further fueling the market in this region.

Leading Competitors:
The global embedded antenna systems market features several key players competing for market share. Some of the leading competitors in the market include Mobile Mark, Inc; Abracon; Antenova Ltd; Laird Connectivity; TE Connectivity (Linx Technologies); Avnet Inc; Maxtena Inc; The Antenna Company N.V; Myers Engineering International Inc; Airgain Inc; 2J Antennas S.R.O.; Kyocera Avx Components Corporation; Infinite Electronics International Inc; EnGenius Technologies; Taoglas; Tallysman, and others.

Segmentation Analysis:
The embedded antenna systems market is segmented based on antenna type, connectivity, end-user, and region.

Antenna Type:
- Chip
- Patch
- PCB Trace
- FPC

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Connectivity:
- WiFi
- GPS
- Cellular
- LPWAN
- mmWave 5G
- Others

End User:
- Commercial (Healthcare, Communication, Others)
- Industrial (Consumer Electronics, Automotive, Aerospace and Defense, Others)

Region:
- North America (The U.S., Canada, Mexico)
- Europe (Western Europe, Eastern Europe)
- Asia Pacific (China, India,

Japan, Australia & New Zealand, ASEAN)
- Middle East & Africa (MEA) (UAE, Saudi Arabia, South Africa)
- South America (Brazil, Argentina)

In conclusion, the global embedded antenna systems market is witnessing significant growth driven by the expansion of LPWA networks in IoT applications, advancements in wireless communications, and the growing adoption of embedded antennas in consumer electronics. Despite challenges such as infrastructure costs, the market is expected to recover from the impacts of the COVID-19 pandemic and continue its growth trajectory. Asia Pacific leads the market, and key competitors are actively competing for market share. The segmentation based on antenna type, connectivity, end-user, and region provides a comprehensive understanding of the market landscape.

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We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

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