Chip Antenna Market Size

Chip Antenna Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The chip antenna market is expected to grow rapidly. The current market size of $ 3.67 billion in 2024 is expected to reach $ 8.23 billion in 2032. The compound annual growth rate (CAGR) of this market is 10.68% during the forecast period. The main driving force for this market is the increasing demand for compact and efficient wireless communication solutions. , mainly from the proliferation of IoT devices, automobiles and new telecommunications. The trend of miniaturization and the pursuit of higher performance makes chip antennas the essential components of various smart devices such as smart phones, smart watches and smart home devices. The market leaders, such as Laird Connectivity, Molex, and Antenova, are investing heavily in research and development to continuously improve the performance of their products. Strategic cooperation is also a major trend in the industry. The recent launch of 5G and the integration of chip antennas into emerging applications has shown the industry's determination to meet the needs of consumers and enterprises. The trend of the chip antenna market is expected to continue.

Regional Market Size

Regional Deep Dive

The chip antenna market is growing rapidly in various regions of the world. The chip antenna is a small antenna that is made of a metal strip. In North America, the market is characterized by a mature technological structure and a strong presence of major players, while in Europe, innovation is accelerating due to the strict energy-saving regulations. The Asia-Pacific region is a manufacturing hub that is rapidly growing due to the booming consumer electronics industry and the rapid growth of the Internet of Things. The Middle East and Africa are gradually developing the market, and Latin America is gradually adopting chip antennas.

North America

• The FCC has recently released new regulations that are expected to help 5G rollouts, which is expected to drive demand for chip antennas in applications such as mobile devices and the Internet of Things.
• Laird Connectivity and Antenova are leaders in the development of chip antennas. They are constantly looking for ways to increase performance and reduce size, both of which are essential for modern devices.
• The trend of smart home devices and wearables in the United States is driving manufacturers to invest in advanced chip antenna technology, thereby expanding the market landscape.

Europe

• The Green Deal, a new European Union policy for energy-saving technology, is leading to increased investment in chip antennas for low-power wireless communication.
• The major players in the market are actively developing products that meet the stricter requirements of the European Union’s RoHS directive and thus strengthen their market positions.
• The use of a chip antenna in the field of transportation is a promising trend for the future.

Asia-Pacific

• China's mobile phone industry is the main driver of chip antennas, and companies such as Huawei and Xiaomi have already used chip antennas to enhance the function of their devices.
• The region is witnessing an explosion in the number of IoT applications. The governments of India and Japan are investing heavily in smart city projects that require efficient wireless communications.
• In the case of antennas, for example, the use of 3D printing in Korea is enabling rapid prototyping and customisation.

MEA

• Vision 2021, the UAE’s national development plan, aims to enhance the country’s digital capabilities, which is expected to increase demand for microchip antennas in various sectors, such as telecommunications and smart cities.
• STMicroelectronics, for example, is working with local governments to develop micro-antennas designed to suit the special needs of the Middle East and Africa. Its objective is to improve the quality of communications in remote areas.
• In Africa, where interest in satellite communications is growing, the potential for the use of chip antennas is being realised, particularly in the context of rural communications projects.

Latin America

• Brazil’s National Broadband Plan will boost investment in telecommunications, which will increase demand for chip antennas for mobile and wireless broadband applications.
• The local companies are beginning to use the chip antennas in the consumer electronics products they manufacture, with a view to improving the communication in the developing countries, especially in the cities.
• The region is gradually moving towards new farming methods that require effective wireless communications, which open up new opportunities for the manufacturers of chip antennas.

Did You Know?

“Its dimensions are smaller than a grain of rice, and it can be used for high-frequency applications. It is ideal for compact devices.” — Antenna Theory: Analysis and Design by Constantine A. Balanis

Segmental Market Size

The chip antenna plays a key role in the overall wireless communication market, which is currently experiencing steady growth. The growing demand for compact and efficient communication devices is driving this growth. The chip antenna is used in IoT devices, which are required to be small without compromising performance. Advances in wireless communication technology, such as 5G, are also driving the demand for chip antennas with higher transmission rates. Also, the government’s promotion of wireless communications in various industries is bolstering the demand.

The use of chip antennas is now in the mass-production stage. The leading companies in the industry are Murata and Johanson. They are used mainly in the fields of consumer electronics, automobiles and industrial automation. The trend towards smart cities and the growing awareness of the environment are expected to boost demand for energy-efficient wireless communication solutions. The development of chip antennas will be driven by the use of advanced materials and miniaturization, which will further improve performance and integration.

Future Outlook

The Chip Antenna market is expected to grow at a CAGR of 10.68% from 2024 to 2032. This growth is primarily driven by the increasing demand for compact and efficient communication devices in various sectors, including consumer electronics, automobiles, and the growing Internet of Things (IoT) sector. The IoT market is expected to continue to grow, which will lead to an increased demand for high-performance chip antennas capable of operating in different frequency bands, driving the growth of the market in both developed and emerging economies.

Developments in key areas of technology, such as the development of multi-band and ultra-wideband chip antennas, will also stimulate the growth of the market. These innovations will allow devices to support a wider range of applications, such as 5G connectivity and smart home devices. Supportive government policies, which encourage the implementation of IoT and smart city initiatives, will also likely accelerate the integration of chip antennas into various applications. Emerging trends, such as the miniaturization of components and a growing focus on energy efficiency, will also shape the market landscape. As manufacturers continue to optimize designs, the chip antenna market is expected to undergo a period of rapid growth and transformation.