A recent report published by Infinium Global Research on the embedded antenna systems market provides in-depth analysis of segments and sub-segments in the global as well as regional embedded antenna systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional embedded antenna systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global embedded antenna systems market. According to the report, the global embedded antenna systems market is projected to grow at a CAGR of 15% over the forecast period of 2021-2027.
The embedded antenna systems market was valued at USD 4 billion in 2021 and is expected to reach USD 9 billion in 2027, with a CAGR of 15% during the forecast period. The embedded system design is gathering lots of attention nowadays, and it is expected that the world will be fully automatic in the future. Furthermore, the machines could communicate with little or no interaction with humans due to the rise in the internet of things (IoT) and embedded antennas. Embedded antennas are a class of antennas that use metamaterials to increase the performance of miniaturized antenna systems. The purpose of an embedded antenna is to launch energy into free space with an electromagnetic antenna. Moreover, the metamaterials, which are materials engineered with the novel, often microscopic, structures to produce unusual physical properties, are incorporated by embedded antennas. The embedded antenna founds applications such as portable interaction with satellites, wide-angle beam steering, emergency communications devices, micro-sensors, and mobile ground-penetrating radars to search for geophysical features and more. Additionally, embedded antennas are a class of antennas that use unique materials to enhance the degree of performance of downsized antenna systems.
The rising adoption of embedded systems in IoT, the demand for smart antennas for remote working in the healthcare sector, the increasing prevalence of the internet, the increase in smartphone users, and advancement in 5G technologies are some prominent factors driving the market’s growth. Furthermore, due to increasing IoT devices, there is a huge demand for embedded antenna systems in smart homes, smart grids, connected vehicles, smart thermostats, and others anticipated to propel the market’s growth during the forecast period. Additionally, the increased use of Wi-Fi for intelligent products for domestic and industrial applications is projected to boost the development of the market during the forecast period. On the other hand, the embedded antenna system lacks a uniform frequency range for wireless application, which can hamper the growth of the embedded antenna system market. Also, the high investment to build the embedded antenna system is another prime factor restraining the market’s growth. Nevertheless, critical players in the market are focusing on launching new products to satisfy the market’s needs which can create exponential growth opportunities for the market during the forecast period.
North America is projected to show notable growth in the embedded antenna system market, and hence the region can dominate the market during the forecast period. The major economies of North America like the US and Canada are highly contributing to the market in terms of revenue generation. Also, many major players present in the region are launching new products over time, which can drive regional market growth. Furthermore, Asia Pacific can be the fastest-growing region in the embedded antenna system market due to the attention of manufacturers on consumer electronics goods, rising use of smartphones and smart home devices in developing countries of the region, and the government investments in innovative city development in the area.
The report on the global embedded antenna systems market covers segments such as antenna type, connectivity, and end user. On the basis of antenna type, the sub-markets include PCB trace antenna, chip antenna, patch antenna, and flexible printed circuit (FPC) antenna). On the basis of connectivity, the sub-markets include GNSS/GPS, WiFi/bluetooth, cellular systems, LPWAn, RFID, UWB, and others. On the basis of end user, the sub-markets include consumer electronics, communication, healthcarec, aerospace & defense, industrial application, and automotive & transportation.
The report provides profiles of the companies in the market such as Abracon, Airgain, Inc., Avnet, Inc., The Antenna Co. N.V., Antenova Ltd., Convergence Systems Ltd., Ignion, SL, KYOCERA AVX Components Corp., and Linx Technologies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of embedded antenna systems market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.