Antenna - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Antenna - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Antenna Market size is estimated at USD 23.47 billion in 2024, and is expected to reach USD 34.24 billion by 2029, growing at a CAGR of 7.85% during the forecast period (2024-2029).

Key Highlights

• The market is expected to observe significant growth over the forecasted period due to the rise in wireless communication, the rise in internet usage, the development of smart cities, advanced driver assistance systems (ADAS) vehicles, and many more. To cater to those needs, the players in the market are developing new products to capture the market share.
• The antenna market is showing upward growth due to the increasing usage of wireless connectivity solutions due to digital transformation. During the forecast period, the antenna market is expected to be driven by the growing use of wireless systems, wireless communications, and the increased use of antennas in consumer electronic products, such as laptops, tablets, wearables, smartphones, and other devices.
• The rise in the adoption of satellite communications is expected to drive the antenna market. One of the key aspects driving the growth of the Antenna market is the expansion of the space sector. The market is expanding as a result of an increase in space exploration missions, cost-effective satellite launch operations, increased demand for satellite-assisted combat, and enhanced small satellite deployment. The United States Space Force (USSF) operates the USD 6.8 billion satellite control network (SCN) for military warfighters, which consists of an international ground network of fixed antennas at seven locations to command more than 190 military and government satellites.
• Antennas are essential for providing wireless connectivity in smart cities. They enable efficient and reliable communication between devices and infrastructure components such as sensors, cameras, streetlights, and vehicles. Antennas are used to establish wireless networks and enable data transfer, facilitating real-time monitoring and control of different systems. The rise in smart cities is expected to drive the studied market.
• On the contrary, antennas require intricate designs, especially when developing high-performance and multi-band antennas. Achieving the desired performance characteristics within the constraints of the stamping process can be challenging. Further, the choice of stamping material can significantly impact antenna performance. Finding the right material that balances electrical conductivity, mechanical strength, and cost can be challenging.
• Post-pandemic, the players in the market are developing new sustainable products due to the rise in the demand from customers. For instance, in January 2023, Toppan designed an eco-friendly near-field communication (NFC) tag label that utilizes paper material as the substrate for the antenna rather than conventional polyethylene terephthalate (PET) film. The sales of the new tag label have been launched, with Europe anticipated to be a favorable market due to the high level of environmental consciousness. In addition to reducing plastic consumption to zero by switching to paper, a new circuit fabrication technology ensures sufficient communication performance as an NFC device.

Antenna Market Trends

Phone to be the Largest Product Segment in the Studied Market

• According to the GSM Association, global mobile internet subscribers reached 4.4 billion in 2022. Growing investments in phone network infrastructure across the globe have narrowed down the mobile broadband network gap significantly over the last decade.
• The antenna performance of a phone is vital to ensure adequate communication coverage in low-signal areas. With the maturity of 5G technology, large-scale deployments and commercialization of 5G have become possible in modest-income markets. This could further bolster the mobile subscriber growth.
• The GSM Association states that more than two in five people across the world will live within the 5G network reach by 2025. The introduction of 5G has expanded the use of active antenna systems. With the advent of phones, engineers are developing antenna solutions by integrating multiple antennas into small form-factor devices to address the challenges in multi-radio environments.
• The developments and adoption of 5G subscriptions would create an opportunity for the market players in the region to develop new products to enhance the smooth functioning of services. According to Ericsson, 5G subscriptions are forecast to increase drastically worldwide from 2021 to 2028, from over 509.62 million to over 4.62 billion subscriptions. Southeast Asia, Northeast Asia, Nepal, India, and Bhutan are expected to have the most subscriptions by region.
• The advantages of technologically advanced simulation software over traditional measurement tools enable mobile phone manufacturers to produce 5G phones more efficiently and reinforce customers' competitive advantages. Further, the advent of 5G technologies is encouraging phone manufacturers and mobile network operators to adopt 5G antenna technology to meet the real-time demands of consumers.

Asia Pacific is Expected to Register Major Growth

• Asia-Pacific is witnessing a growing market for advancing information sharing, in-car entertainment, and Internet of Things (IoT) expansion. Antennas have become incredibly important for seamless wireless connectivity for high-speed communication systems. As a result, Asia-Pacific's largest and most trusted antenna innovators strive to empower customers with an extensive range of antenna solutions for applications, including industrial, cellular, 5G, automotive, global navigation satellite system/global positioning system (GNSS/GPS), healthcare, etc.
• A rise in the adoption of cabled external antennas has been observed that offer best-in-class radio frequency (RF) performance in ruggedized thermoplastic enclosures. External antennas are resistant to moisture, extreme thermal conditions, and vibration for convenient mounting in various locations, driving the market demand in the Asia-Pacific region.
• Antenna manufacturers across the Asia-Pacific region utilize their industry-leading expertise and capabilities to design and manufacture custom solutions emphasizing small multiband and complementary antennas and employing laser direct structuring (LDS), flex, stamped, and ceramic technologies.
• Miniaturization strengthens its hold in advanced applications such as wireless and consumer electronics while enabling small, lighter antenna infrastructures. Designers must contend with greater feature density to meet user expectations. Miniaturizations enable packing greater functionality into smaller spaces. Collaboration and partnerships enabled advances in product design and solutions to potential issues before production through emerging technologies. Cloud collaboration also brings manufacturing experts to avoid costly rework cycles. With the help of state-of-the-art simulation tools, manufacturers can make accurate performance and reliability predictions.
• Luxshare Technology Co. Ltd., a Chinese electronic components manufacturer, provides data-communication facilities and enterprise-level 5G-related products in China. The company's core product portfolio includes antennas, connectors, cables, optical modules, and interconnection products.
• In February 2023, the company partnered with POET Technologies Inc. to develop a power-efficient and cost-effective portfolio of 400G and 800G transceiver solutions for data centers. The company focuses on offering seamless electronic component integration into a single multi-chip module through intelligent manufacturing techniques.
• Murata, a Japanese manufacturing company, offers a low-frequency radio frequency identification (LF RFID) antenna for magnetic field-based communication. The company products are designed for automotive and intelligent home key applications. An LF RFID antenna complies with vehicle-mounting standards and is used in vehicle smart keys. Rising demand for high-end antenna coils for intelligent keys for automobiles is likely to boost product demand in the region. The advancement of IoT in automotive, smart cities, and construction machinery also propels the market demand for antennas in the region.

Antenna Industry Overview

The Antenna Market is characterized by significant fragmentation, featuring key players such as Molex LLC, Amphenol Corporation, Airgain Inc., Galtronics USA Inc., and Sunway Communication. These market participants employ various strategies, including partnerships and acquisitions, to bolster their product portfolios and attain a sustainable competitive advantage.

In April 2023, Amphenol Airwave Communication Electronics Co. Ltd., a subsidiary of Amphenol Corporation, announced a strategic partnership with NuCurrent, a global leader in wireless power systems. This collaboration aims to address the pressing industry-wide demand for a transition to the new Qi2 standard (pronounced "cheē tü"). It will leverage NuCurrent's expertise in wireless power intellectual property, systems technology, and design capabilities, along with Amphenol's proficiency in antenna technology, design, and manufacturing.

In March 2023, Linx Technologies, now a part of TE Connectivity (TE), a renowned leader in connectors and sensors, introduced a new series of cellular adhesive flexible printed circuit (FPC) antennas. These antennas are designed for 5G New Radio, LTE, and cellular IoT (LTE-M, NB-IoT) applications that require a cost-effective and versatile antenna solution. The ANT-5GW-FPC antennas offer a flexible ground plane-independent dipole internal/embedded antenna solution. Their flexibility and adhesive backing facilitates easy mounting within RF transparent enclosures (e.g., plastic), enabling environmental sealing and protection against antenna damage.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support