Chip Antenna Market Projected to Grow at 8.6% CAGR to $9.6 Billion by 2034

A new research report compiled by skilled analysts at Fact.MR places the global chip antenna market size at a value of US$ 4.2 billion in 2024. The market has been projected to ascend to US$ 9.6 billion by the end of 2034, expanding at 8.6% CAGR over the next decade. Rising demand and need for Internet of Things (IoT) applications is a key factor that has driven up the sales of small-sized chip antennas to ensure untroubled wireless connectivity.

In IoT devices or applications, chip antennas are becoming extremely important as they offer the required connectivity for several devices. Wearable technology, smart home systems, industrial automation, and various others are part of IoT devices that are heavily dependent on-chip antennas to transfer data at a fast rate and effectively.

The East Asia region is projected to lead the global market over the next ten years. This hardly comes as a surprise since the region is a hub for the manufacturing of smartphones and consumer electronics.

Key Takeaways from the Market Study :

• The global chip antenna market is forecasted to reach a value of US$ 9.6 billion by 2034.
• The East Asia market is projected to generate revenue worth US$ 3.24 billion by 2034.
• North America is forecasted to account for 26.4% of the global market share by the end of 2034.
• Use of chip antennas in Bluetooth/BLE is projected to increase at 9.5% CAGR through 2034.
• The market in Japan is projected to reach US$ 973.9 million by the end of 2034.
• Sales of dielectric chip antennas are forecasted to reach US$ 7.11 billion by the end of 2034.
• Demand for chip antennas in Canada is expected to increase at 9.5% CAGR through 2034.

“Leading companies in the market are focusing on manufacturing smaller-sized chip antennas with enhanced performance to sustain their market positions,” says a Fact.MR analyst.

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Higher Demand for Dielectric Chip Antennas Compared to LTCC:

In comparison to LTCC (low-temperature co-fired ceramic) chip antennas, the demand for dielectric chip antennas is higher for several reasons: lower production costs, ease of integration into PCB designs, and flexibility in antenna design and customization. These antennas are manufactured using PCB processes, which are cost-effective and suitable for large-scale production.

Dielectric chip antennas achieve high-performance metrics in terms of bandwidth and efficiency, meeting the diverse requirements of various wireless communication standards.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the chip antenna market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (LTCC chip antennas, dielectric chip antennas), application (WLAN/Wi-Fi, Bluetooth/BLE, dual-band/multi-band, GPS/GNSS), and end-use industry (automotive, healthcare, industrial & retail, smart grids/smart homes, consumer electronics), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

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Key Companies Profiled:

Antenova Ltd.; Vishay Intertechnology, Inc.; Yageo Corporation; Mitsubishi Materials Corporation; Pulse Electronics; Parton Co., Ltd.; Johnson Technology; Linx Technologies; Fractus S.A.

Industry News:

In April 2024, Apple signed a contract with UMC to produce essential components for the company's next iPhone antenna modules. The production volume is reportedly in the tens of thousands, according to an article from Economic Daily News.

In April 2024, with the introduction of its ground-breaking QWX27105 single-chip 5 to 7 GHz front-end IC, QuantalRF announced the first product in its Elementum family of Wi-Fi 7 products. This advanced product surpasses existing GaAs and SiGe products by integrating all RF front-end components into an ultra-compact CMOS SOI architecture.

In October 2023, a 150 GHz transmitter integrated circuit chip and related technologies were developed by NEC Corporation in anticipation of Beyond 5G and 6G mobile access radio communication systems.

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