Chip Antenna Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Chip Antenna Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Chip Antenna Market is expected to grow at a CAGR of 11.66% during the forecast period 2021 b- 2026. The growth of the market can be attributed to the growing miniaturization in consumer electronics and increasing application of Chip Antennas in IoT driven systems.

Key Highlights

• The market is expected to be further augmented by the exponential growth of Mobile data traffic, driven by data-capable devices and high-bandwidth applications (APPs). Dielectric Chip Antennas Ericsson, through its Mobility Report November 2019, gives an insight into mobile data traffic, which grew by 68% year-on-year for Q3 2019. Also, the total number of mobile subscription stood at approximately 8 billion. The company expects that there will be 2.6 billion 5G subscriptions covering up to 65% of the world’s population and generating 45% of the world’s total mobile data traffic by 2025.
• Moroever, according to a survey by Honeywell, 67% of manufacturing executives is pressing ahead with plans to invest in data analytics. 63% of them believe that it enable well-informed decisions in real time, 57% believed that it limit waste, while 56% of them says that it help in predicting the risk of downtime (56%). This is expected to further aid the future growth of IoT in the manufacturing sector.
• The outbreak of the Covid-19 pandemic is expected to affect the market in multiple ways. The chip production foundries are gradually recovering from the impact of the pandemic gradually in major manufacturing centres like China. Moreover, the rapid deployment of 5G last year is expected to aid market growth of the market studied in 2020. Further, 5G's emergence as an independent network and the rapid expansion of 5G smartphones from flagship-only models to the mid-range segment is expected to aid market growth.

Key Market TrendsIncreasing use of Chip Antennas in IoT Applications

• The growing deployment of IoT across end -user segments is expecte to act as a major driver of the market. IoT in manufacturing is being deployed to facilitate the production flow in a plant, as IoT devices automatically monitor development cycles, and manage warehouses and inventories. It is one of the reasons why investments in IoT devices have skyrocketed over the past few decades. IoT in manufacturing, logistics, and transportation is expected to rise to USD 40 billion by 2020.By 2025, the number of connected devices in the automation sector is expected to increase by a factor of 50.
• The increasing need for data analysis and integration of analytics is expected to propel the utilization of the Internet of Things market in Retail . Additionally, the use of e-commerce platforms is rapidly increasing owing to the ease of shopping and smartphone penetration in the market, which is likely to boost the market.
• For instance, Amazon’s first store in Seattle, the United States, is incorporated with self-checkout service and mobile payment methods, which are available on both Android and iOS systems. The store is equipped with cameras, sensors, and/or RFID readers, to identify shoppers and products, and use computer vision, deep learning algorithms, and the ‘sensor fusion’.
• Moreover, the rising usage of the cloud has supported the data generated across various verticals. By 2020, the accumulated volume of Big Data is expected to increase from 4.4 zettabytes to roughly 44 zettabytes or 44 trillion GB. Moreover, the number of IoT connected devices is expected to rise over 50 billion devices by 2020, creating terabytes of data that need to be managed, stored, and analyzed.
• The proliferation of 5G is also expected to aid the growth of IoT across major areas of application. According to Small Cell Forum, the total installed base of 5G in 2025 is predicted to be 13.1 million, over one-third of the total in use.

Asia-Pacific is Expected to be the Fastest Growing Market during the Forecast Period

• The Asia-Pacific region also accounts for a significant share of expenditure in IoT technology, with South Korea and Singapore expected to be among the top global markets to adopt IoT chips. According to the data from the Organization for Economic Co-operation and Development, South Korea is the first country in the world to have more things connected to the Internet per habitats, followed by Denmark and Switzerland.
• Further, India’s vision to transform 100 cities into smart cities is expected to create a huge demand for IoT devices in smart homes and automotive sector. This is also an important factor contributing to the growth of the market in this region.
• The Japanese government has announced their national Big data strategies- The Integrated ICT Strategy for 2020 with an aim to develop country’s new national IT strategy with an open public data as its core during 2013–2020 in order to promote Japan as the country with the world’s highest standards in the extensive use of data analytics in the information technology industry. Suchd to government initiatives are expected aid market growth.

Competitive Landscape

The Competitive Landscape of the market is fragmented. The market has been experiencing a number of market launches due to the evolution of 5G and IoT. Some of the recent developments of the market are as follows:-

• April 2020 - Abracon, LLC a global manufacturer of frequency control, timing, synchronization, RF, connectivity and power solutions, launched newly available evaluation boards for a variety of chip antenna solutions.

Additional Benefits:

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

Companies Mentioned
 
Vishay Intertechnology, Inc.
Yageo Corporation
Johanson Technology, Inc.
Fractus S.A.
Antenova Ltd.
Partron Co., Ltd.
Inpaq Technology Co., Ltd.
Mitsubishi Materials Corporation
Taoglas Limited
Fractus Antennas S.L

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