Embedded Antenna Systems Market Expected to Reach $12.7 Billion by 2031—Allied Market Research

According to the report published by Allied Market Research, Titled, “Embedded Antenna Systems Market, by Antenna Type, Connectivity and End User: Global Opportunity Analysis and Industry Forecast, 2021-2031". the global embedded antenna systems market generated $3.4 billion in 2021, and is projected to reach $12.7 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.

An embedded antenna system comprises of metamaterials to improve the performance of miniaturized antenna along with stepping up the radiated power. The main advantages offered by embedded antenna systems include flexible design, protection against environmental changes, durable, reliability and clarity. Presently, embedded antenna system designs are gaining a lot of attention owing to its superior performance over conventional antennas.

Consumer electronics devices such as smartphones, laptops, smart TVs, wearables, tablets, gaming consoles, and other peripheral devices use embedded antenna systems for wireless applications, such as LPWan, Wi-Fi, and GPS. In several countries, the increasing use of consumer electronics, such as smartphones and laptops, is mainly attributed to rising disposable income, increasing population, and growing internet penetration. Rising advancements in smartphone technologies and an increase in digitalization propel the growth of the embedded antenna systems market size. In addition, the expanding popularity of Bluetooth drives the demand for consumer electronics such as headsets, smartphones, wearables, wireless television antenna systems, and game consoles. Therefore, these factors are aiding the embedded antenna systems market growth.

According to embedded antenna systems market analysis, the chip segment was the highest contributor to the market in 2021 and is expected to follow the same trend during the forecasted period. The commercial segment accounted for around 57.5% market share in 2021.

The outbreak of the COVID-19 has significantly impacted the growth of the embedded antenna system industry. Decline in demand for embedded antenna system has significantly impacted the demand for energy storage solutions during the pandemic. Further, lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the embedded antenna systems market during the pandemic. However, rise in demand for Internet of Things and machine learning solution has led to the growth of the embedded antenna systems industry post pandemic.

KEY FINDINGS OF THE STUDY

• In 2021, the chip segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 13.43% during the forecast period.
• The GPS and Wi-Fi segments together accounted for around 51.7% of the embedded antenna systems market trends in 2021.
• The commercial segment is projected to growth at a CAGR of  13.81% during the forecast period.
• Asia-Pacific contributed for the major fraction in the embedded antenna systems market share, accounting for more than 37.2% share in 2021.

The embedded antenna systems market key players profiled in the report include Avnet, Inc., TE Connectivity, Mobile Mark, Inc. , Abracon, Tallysman, Linx Technologies, Kyocera Avx Components Corporation, Taoglas, Infinite Electronics International, Inc., Antenova Ltd, Airgain, Inc., 2J Antennas, S.R.O., The Antenna Company N.V., Myers Engineering International, Inc., Laird Connectivity, Maxtena Inc. and EnGenius Technologies. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the embedded antenna systems market.