Chip Antenna Market to Reach USD 11.84 Billion by 2032: Comprehensive Analysis and Key Trends

According to the report by Expert Market Research (EMR), the global chip antenna market size reached a value of USD 3.97 billion in 2023. Aided by the exponential growth in wireless communication devices and the Internet of Things (IoT), the market is projected to further grow at a CAGR of 12.9% between 2024 and 2032 to reach a value of USD 11.84 billion by 2032.

Chip antennas are integral components in modern wireless communication systems, providing essential connectivity capabilities in a compact form factor. These antennas are widely utilised in a variety of applications, including smartphones, wearable devices, medical sensors, automotive communication systems, and smart home devices. Their small size, ease of integration, and efficient performance in a limited space make them particularly suited to the needs of the burgeoning IoT sector and the expanding mobile device market.

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The chip antenna market growth is predominantly fuelled by the relentless demand for wireless communication technologies, as the world becomes increasingly connected. The proliferation of smart devices and the advent of technologies such as 5G, Bluetooth Low Energy (BLE), and Zigbee have necessitated advanced antenna solutions that can operate efficiently in congested electromagnetic environments. Chip antennas, with their ability to support multiple frequency bands and their superior performance characteristics, are ideally positioned to meet these requirements.

As electronic devices become smaller and more compact, there is a growing need for small-sized components like chip antennas that can fit into these devices without compromising performance which boosts the chip antenna market expansion. The rising popularity of smart home devices such as smart thermostats, security cameras, and lighting systems, which rely on wireless communication, is driving the demand for chip antennas. The automotive sector's shift towards connected vehicles, with features like infotainment systems, telematics, and vehicle-to-everything (V2X) communication, is also fuelling the need for chip antennas.

As per the chip antenna market outlook, the growing popularity of wearable devices such as fitness trackers, smartwatches, and health monitors is driving the demand for compact and efficient chip antennas to enable wireless connectivity. The development of smart cities, with their emphasis on connected infrastructure and IoT-enabled services, is increasing the demand for chip antennas in various applications, including smart meters, traffic management systems, and environmental monitoring.

According to the chip antenna market analysis, the expansion of the IoT ecosystem across industries, from healthcare to agriculture and smart cities, is propelling the demand for chip antennas. These devices are critical in enabling seamless communication and data exchange between various sensors and systems, facilitating the realisation of connected environments that can enhance efficiency, safety, and user experience.

Innovations in materials used for chip antennas, such as ceramics and polymers, are improving their performance, efficiency, and durability, which in turn is contributing to the chip antenna market share. The rise of Industry 4.0 and the increasing adoption of automation and wireless communication in industrial settings are driving the need for chip antennas in machinery, sensors, and control systems. The growing emphasis on energy efficiency in wireless communication devices is leading to the development of low-power chip antennas, which are becoming increasingly popular in battery-powered devices.

The chip antenna market is also influenced by ongoing advancements in material science and antenna design techniques. Innovations such as multiband and ultra-wideband chip antennas are expanding the capabilities of wireless devices, enabling them to communicate over broader frequency ranges and support a wider array of applications. Additionally, the development of flexible and printable antenna technologies is opening up new possibilities for wearable technology and embedded applications, further driving market growth.

Market Segmentation

The market can be divided based on type, application, end use, and region.

Market Breakup by Type

Dielectric Chip
Ceramic Multilayer Chip

Market Breakup by Application

WLAN/Wi-Fi
Bluetooth
Dual Band/Multi Band
GPS/GNSS

Market Breakup by End Use

Automotive
Consumer Electronics
Healthcare
IT and Telecommunication
Other

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chip antenna market. Some of the major players explored in the report by Expert Market Research are as follows:

Mitsubishi Electric Corporation 
Johanson Technology Incorporated 
Yageo Corporation
TE Connectivity Corporation 
Vishay Intertechnology, Inc. 
Antenova Ltd. 
INPAQ Technology Co., Ltd. 
Taoglas Group Holdings Limited 
Fractus SA 
Partron Co., Ltd. 
Others

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