According to a new report, published by KBV research, The Global Chip Antenna Market size is expected to reach $2.9 billion by 2028, rising at a market growth of 13.2% CAGR during the forecast period.
The Dielectric Chip segment is showcasing a CAGR of 15.2% during (2022 - 2028). Dielectric chip antennas have several benefits, including compact dimensions, a narrow but adequate frequency band, and superior temperature stability. In addition, GPS dielectric antenna receivers can simultaneously receive numerous signals from 3 or 4 satellites. The segment’s expansion is attributed to an increase in demand for antennas with small dimensions that can work in a number of frequency ranges and take up the least amount of space in electronic and smart electronics devices.
The Bluetooth segment acquired maximum revenue share in the Global Chip Antenna Market by Application in 2021 thereby, achieving a market value of $1.0 billion by 2028. Applications for Bluetooth-enabled devices are numerous, like healthcare, the IoT, entertainment, and virtual reality. There are several ways for inventive designers to incorporate Bluetooth antennae into their PCB. Chip antennas are available at low prices, and custom-designed antennas are growing in popularity. Bluetooth electronics are now found everywhere owing to Bluetooth PCB antenna design, which enables connections to a standardized matching network. The extensive use of technology is driving the growth of the segment.
The Telecommunication segment has shown the growth rate of 12.5 % during (2022 - 2028). The segment's growth is due to the industry's rapid expansion. The usage of chip antennas in communications is common. Tablets, PCs, portable television, personal computer peripherals, mobile phones, WLAN & Wi-Fi routers, headphones, PDAs, GPS devices, satellite radio, and USB dongles are just a few examples of equipment that can be used for this purpose.
The Asia Pacific market dominated the Global Chip Antenna Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is exhibiting a CAGR of 12.9% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 12.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/chip-antenna-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Linx Technologies, Inc. (TE Connectivity Ltd.), Vishay Intertechnology, Inc., Yageo Corporation, Mitsubishi Materials Corporation, Taoglas, Antenova Ltd., Johanson Technology, Inc., Ignion, SL, and Shenzhen Sunlord Electronics Co., Ltd.
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