embedded antenna system Market

The embedded antenna system market is expected to reach 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.

The North American market for embedded antenna systems is divided into the US, Canada, and Mexico. Several Fortune 500 companies have a strong presence in the region, and the US boasts the largest economy globally, with a well-developed and diversified industrial sector. The adoption of Industry 4.0 is being encouraged by factors such as the increasing cost of labor, the shortage of skilled workers, and the emphasis on boosting industrial efficiency, leading to a rise in the adoption of the Industrial Internet of Things (IIoT). This, in turn, is driving demand for embedded antenna systems that use connected technologies like Wi-Fi, Bluetooth, and ultrawideband. Due to a favorable outlook toward adopting modern technologies and the availability of robust communication infrastructure, connected devices are thriving in North America. Per Cisco Systems, Inc., the number of network devices in North America is predicted to reach approximately 5 billion by the close of 2023. Leading embedded antenna system market players in this region include Cobham, Tallysman, Linx Technologies, Mobile Mark Inc., TE Connectivity Corporation, Airgain, Inc., and Molex LLC.

The embedded antenna system market is divided into segments based on antenna type, connectivity, end use, and geography. The market's antenna type segment is categorized into PCB trace antenna, chip antenna, patch antenna, flexible printed circuit antenna, and other antennas, with the PCB trace antenna segment occupying the largest market share in 2020. The connectivity segment is divided into GNSS/GPS, WiFi-Bluetooth, cellular, mm Wave (5G), LPWAn, RFID, and UWB, with the GNSS/GPS segment accounting for a significant share in 2020. The embedded antenna system market's end-use segment includes consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and other applications. The consumer electronics segment contributed the most significant market share in 2020. Based on geography, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America, with APAC holding a significant market share in 2020.

At the onset of the COVID-19 outbreak, manufacturing units in North America temporarily closed down to curb the spread of the virus. As a result, the region's embedded antenna system manufacturing industry incurred significant losses due to factory shutdowns and low production volumes. Moreover, the demand for these systems decreased due to strict government regulations and reduced production activities in various end-user industries. These factors hindered market growth during the first two quarters of 2020. However, economic activities normalized in Q3 of 2020, and supply chain stakeholders resumed their operations, creating opportunities for embedded antenna system market players to recover.

The European embedded antenna system market is divided into several regions, including Germany, France, Russia, the UK, Italy, and the Rest of Europe. The region is known for its high level of industrialization, actual GDP, particularly in developed economies in Western Europe, improved living standards, and a steadily growing elderly population. Europe's industrial sector is well-developed and plays a significant role in the overall regional economy, with over 2 million companies and 33 million jobs. However, with the increasing elderly population and a limited skilled workforce, manufacturers in the region are investing heavily in smart manufacturing, leading to increased adoption of embedded antenna systems. To support the proliferation of Industry 4.0, the EU has implemented the "For a European Industrial Renaissance" program, which supports the implementation of digital technologies, such as cloud computing, new industrial internet applications, Big Data, smart factories, robotics, and 3D printing. The aging population is another crucial factor driving the demand for advanced connected healthcare devices, which is driving the growth of the embedded antenna system market in Europe.

The size of the embedded antenna system market has been determined using primary and secondary sources. The research process began with extensive secondary research using internal and external sources to collect qualitative and quantitative information related to the market. This process aimed to obtain an overview and forecast for the embedded antenna system market for all market segments and regions. Primary interviews were also conducted with industry participants and commentators to validate the data and gain analytical insights. The participants included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the embedded antenna system market.

A few major players operating in the global embedded antenna system market are 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.