Chip Antenna Market - Forecast(2022 - 2027)

Report Code: ESR 0428 Report Format: PDF + Excel

Chip Antenna Market Overview

The Chip Antenna market size is forecast to reach $3.6 billion by 2027, growing at CAGR 12.32% from 2022 to 2027. Chip antennas aids in radiating the high frequency electromagnetic waves after its integration in circuit boards across various devices, especially the small electronic devices including smartphones, radio frequency integrated circuit readers, wearable devices and others. The growth of chip antenna market is mainly driven by increasing demand for consumer electronics and connected devices across various industries as it helps in setting up the small range wireless communication. Apart from that, the increasing adoption of automation and IoT across sectors fuels the growth of this market. Hence, the above-mentioned factors are fuelling the growth of Chip Antenna industry during the forecast period 2022-2027.

Chip Antenna Market Report Coverage

The report: Chip Antenna Market– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Chip Antenna industry.

By Type: Dielectric Chip, LTCC Chip, and Ceramic Multilayer Chip Antennas
By Sales Channel: Offline and Online
By Application: WLAN/Wi-Fi, Bluetooth/BLE, Dual Band/Multi-band, and GPS/GNSS
By End-user Industry: Telecommunication, BFSI, Automotive, Logistics and Transportation, Consumer electronics, General Manufacturing, Government and public sector, Healthcare, and Others
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), and RoW (Middle east and Africa).

Key Takeaways

  • APAC held the major market share in 2021 and is estimated to witness the significant growth during 2022-2027, owning to increasing demand for automation and smart devices in this region.
  • The market of Chip Antenna is estimated to witness significant upsurge during the forecast period, owing to the growing demand for consumer electronics across the world.
  • This industry is consolidated with top market players including Johanson Technology, Inc., Mitsubishi Materials Corporation, Yageo Corporation, Vishay Intertechnology, Inc., Fractus S.A. among others.

Chip Antenna Market Value Share, by Geography, 2021 (%)

Chip Antenna Market Value

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Chip Antenna Market Segment Analysis - By Type

By type, the Chip Antenna market is segmented into Dielectric Chip, LTCC Chip, and Ceramic Multilayer Chip Antennas. Ceramic Multilayer Chip Antennas segment is analysed to, grow with a CAGR of around 13.21%, during the forecast period 2022-2027. This type of chip antennas can perform perfectly under any environmental condition without getting affected, which is a major driving force behind the growth. Apart from that, these antennas offer more flexible tuning as well as variety of configurations in smaller as well as in lighter sizes, which makes it more suitable for miniature version of connected smart devices. Hence, the above-mentioned advantages create huge demand for this chip antennas and provides incentives to the market players to take strategic steps for expanding their business. For instance, in December 2019, u-blox introduced the BMD-380, an ultra-small, high-performance Bluetooth Low Energy 5.0 module for space-constrained applications. This product includes the ceramic antenna and features Bluetooth 5.0 specifications, with long-range protocol, which makes it more suitable for implementing communication in harsh radio environments. This new module is specifically designed for applications in industrial automation, health care, smart cities, smart buildings and homes, and high-end wearable. Such developments will accelerate the adoption rate of ceramic multilayer chip antennas, thereby driving the growth of this market during the forecast period 2022-2027.

Chip Antenna Market Segment Analysis - By End User Industry

Based on end-user industry, Chip Antenna Market is segmented into Telecommunication, BFSI, Automotive, Logistics and Transportation, Consumer electronics, General Manufacturing, Government and public sector, Healthcare, and Others. According to Chip Antenna Market report of IndustryARC, Chip Antenna market size for consumer electronics is analysed to grow with a CAGR of 13.6% during 2022-2027. Increasing demand of more technologically advanced products among the people across the world coupled with rapid growth in purchasing power accelerates the adoption rate of chip antennas. Apart from that, increasing popularity of miniaturized version of consumer electronics creates a huge demand for compact chip antennas, as it is the most suitable technology for these products. According to a survey conducted by Pew Research Center on June 2019, approximately one-in-five U.S. adults (21%) regularly wear a smart watch or wearable fitness tracker for improving their health and usage of these products is going to witness exponential growth in the near future. This in turn, creates a positive impact on the demand of Chip Antenna technology for consumer electronics, thereby driving the growth of this market during 2022-2027.

Chip Antenna Market Segment Analysis - By Geography

APAC dominated the market with around 33% Chip Antenna market share in 2021, and is estimated to grow, with a CAGR of around 14.2% during the forecast period 2022-2027, due to the increasing demand for automation across industries and rapid growth in industrial sectors. According to some research report of UiPath, Indian organizations are very much satisfied with the benefits resulting from automation and expecting financial profitability, revenue growth, operational cost reduction and others from the penetration of automation. Furthermore, increasing demand for consumer electronics and smart devices such as wearable devices, smart-phones, headsets and various other devices; creates huge growth driving opportunity for the chip antenna market. Some recent report states that, there will be approximately 820 million smart-phone users in India 2022. Moreover, the usage of connected devices plays a major role in the growth of this market in this region. Hence, the above-mentioned factors are poised to create tremendous growth opportunities for APAC Chip Antenna System Market from 2022 to 2027.

Chip Antenna Market Drivers

Rising demand for consumer electronics is driving the growth of this market

Growing demand for consumer electronics is one of the major driving factors behind the growth of Chip Antenna market, as this antenna are highly being used in the consumer electronics products for short-range wireless communication. A report from OBERLO states that, the number of smart phone users across the world is projected to be 3.5 billion in 2020, which is 9.3% more than 2019 and the total number of smart-phone users is estimated to grow over the years. Therefore, with such increasing demand for various consumer electronics such as headsets, smartphones, wearable and others, the demand for chip antenna is also witnessing an exponential growth, thereby driving the growth of this market.

Adoption of Automation across the world will fuel the growth

Increasing penetration of IoT across various sectors, is boosting the demand for automation as well as for connected devices, resulting in growing demand for chip antenna. Integration of automation in these sectors offers greater efficiency, higher reliability, enhanced security, production boost, living convenience, better process speed, cost effectiveness and other benefits, which accelerates the investment for the implementation of automation by the above-mentioned sectors. This in turn drives the growth of chip antenna market. According to European Telecommunications Network Operators’ Association (ETNO), in 2019, there were 16 million IoT connections in smart buildings in Europe alone and the number is estimated to reach 154 million by 2025. Similarly, in June 2019, UiPath published a report on present and future progress of automation and according to the survey report 90% organizations already using the automation technology to conduct the business processes. Hence, the adoption of automation will fuel the growth of chip antenna market during the forecast period 2022-2027.

Chip Antenna Market Challenges

Initial cost and other issues are harming the growth of this market

All though the Chip Antenna market is growing rapidly, but the initial cost of chip antenna is creating hurdles for the growth of this market. The initial cost of this technology is very high due to the high purchase price of the ceramic chip antenna as well as its requirement of supporting components to perform properly. A report of Cadence states that, the average cost of ceramic chip antenna is between $0.10 and approximately $1.60 each, which is generally higher that others, in terms of price. This challenge is poised to impede the Chip Antenna system markets growth during the forecast period 2022-2027. Apart from that, a level of RF expertise to implement the technology properly, which is not easily available. This in turn creates hurdles for the market growth. Hence, the above-mentioned factor will hamper the growth of this market during the forecast period 2022-2027.

Chip Antenna Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Chip Antenna Market. As of 2021, the market for Chip Antenna industry outlook is consolidated with the top market players. Chip Antenna top 10 companies include:

  1. Johanson Technology, Inc.
  2. Mitsubishi Materials Corporation
  3. Yageo Corporation
  4. Vishay Intertechnology, Inc.
  5. Fractus S.A.
  6. Linx Technologies
  7. Fractus Antenna S.L.
  8. Pulse Electronics
  9. Inpaq Technology Co., Ltd.
  10. Partron Co., Ltd.

Recent Developments

  • In September 2021, TE Connectivity announced about entering into an agreement to acquire the antennas business from Laird Connectivity. This deal will complement the connectivity product portfolio of TE, specifically in the antenna and wireless solutions for internet of things (IoT) devices and edge access by expanding its antenna product family and advanced engineering capabilities.
  • In April 2020, Abracon, a leading manufacturer of frequency control, timing, synchronization, RF, connectivity and power solutions, announced about the availability of its newly launched evaluation board for a variety of chip antenna solutions, which can be used by the engineers to test the performance level of the chip antennas within a desired application environment.
  • In February 2020, Fractus Antennas announced about the launch of its smallest antenna for 5G and cellular IoT, ONE mXTEND. This product offers the wireless designers with the smallest volume antenna for cellular IoT and 5G, in a form factor that can be assembled into any wireless device like any other chip component.

Relevant Report Titles:

Distributed Antenna System Market - Forecast 2021 - 2026

Report Code: ESR 46540

Bluetooth Low Energy Market – Forecast (2021 - 2026)

Report Code: ESR 0043

Automotive Smart Antenna Market - Forecast 2021 - 2026

Report Code: AM 52457

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1. Chip Antenna Market Overview
    1.1 Definitions and Scope
2. Chip Antenna Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Chip Antenna Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Chip Antenna Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
5. Chip Antenna Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Chip Antenna Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Chip Antenna Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Chip Antenna Market – By Type
    8.1 Dielectric Chip
    8.2 LTCC Chip
    8.3 Ceramic Multilayer Chip Antennas
9. Chip Antenna Market – By Sales Channel
    9.1 Offline
    9.2 Online
10. Chip Antenna Market – By Application
    10.1 WLAN/Wi-Fi
    10.2 Bluetooth/BLE
    10.3 Dual Band/Multi-band
    10.4 GPS/GNSS
11. Chip Antenna Market – By End-User Industry
    11.1 Telecommunication
    11.2 BFSI
    11.3 Automotive
    11.4 Logistics and Transportation
    11.5 Consumer Electronics
    11.6 General Manufacturing
    11.7 Government and Public Sector
    11.8 Healthcare
    11.9 Others
12. Chip Antenna Market – By Geography
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 Italy
        12.2.4 France
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 APAC
        12.3.1 Japan
        12.3.2 China
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 RoW
        12.5.1 Africa
        12.5.2 Middle East
13. Chip Antenna Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Chip Antenna Market – Industry Competition Landscape (Premium)
    14.1 Market Share Global
    14.2 Market Share – Top Regions
15. Chip Antenna Market – Key Company List by Country Premium (Premium)
16. Chip Antenna Market - Company Analysis
    16.1 Johanson Technology, Inc.
    16.2 Mitsubishi Materials Corporation
    16.3 Yageo Corporation
    16.4 Vishay Intertechnology, Inc.
    16.5 Fractus S.A.
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
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