Chip Antenna Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Chip Antenna Market is anticipated to register a CAGR of 11.91% during the forecast period. The market's growth can be attributed to the increasing miniaturization of consumer electronics and the increasing application of Chip Antennas in IoT-driven systems.
Key HighlightsThe chip antenna market is highly fragmented. The market is witnessing a number of market launches due to the evolution of 5G and IoT. Some of the key developments in the market are as follows:-
In September 2022, Arm Ltd, a chip technology firm, launched its data center chip technology to meet the growth of data from 5G and IoT. Arm 5G Solutions Lab is working with leaders in the 5G ecosystem, like Google Cloud, Marvell, NXP, and Vodafone, to accelerate 5G networks on Arm.
In May 2022, Pharrowtech announced the closure of its EUR 15 million series A funding round for the development of next-generation 60GHz wireless RF transceiver and antenna technology. The funding will allow the company to accelerate deployment of its recently launched 60 GHz CMOS Radio-Frequency Integrated Circuit (RFIC) PTR1060, and phased array antenna Radio-Frequency Module (RFM) PTM1060 for 5G unlicensed fixed wireless access, wireless infrastructure, and consumer applications.
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