The most recent study conducted by Report Ocean, titled “Global Embedded Antenna Systems Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Embedded Antenna Systems. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Embedded Antenna Systems Market is valued approximately USD 3,2 million in 2021 and is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2022-2028. Embedded antennas are a variety of antenna that uses metamaterials for boosting the performance of small antenna systems. Embedded antenna systems are gaining huge traction in various end-use verticals such as consumer electronics, communication, healthcare, industrial, automotive, etc. to directly integrate necessary wireless capabilities.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The rising adoption of embedded antennas in IoT devices, rising trend of miniaturization in consumer electronics, growing demand for low-power wide-area networks (LPWAN) in IoT applications, and development of the consumer electronics industry are the chief factors that are surging the global market demand.
For instance, according to the Indian Brand Equity Foundation, in 2019, the appliances and consumer electronics market in India was recorded with a revenue of USD 10.93 billion. Also, the amount is anticipated to grow and reach around USD 21.18 billion by 2025. Therefore, the flourishing growth of consumer electronics is fostering the demand for embedded antenna systems, which, in turn, accelerates market growth in the near future.
However, the lack of a uniform frequency range for wireless applications and the growing popularity of virtual antenna systems impedes the growth of the market over the forecast period of 2022-2028. Also, the development of 5G and the growth of the emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Embedded Antenna Systems market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the increasing government investments in urban planning and smart city development, along with the economic growth in the region. Whereas, North America is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the high adoption of embedded antennas in cellular and LPWAN connectivity devices, and the rising presence of the leading market players, would create lucrative growth prospects for the Embedded Antenna Systems market across the North American region.
Major market players included in this report are:
Molex, LLC
Kyocera AVX Components Corporation
Linx Technologies
Antenova Ltd.
Yageo Corporation
Walsin Technology Corporation
TE Connectivity Ltd.
Airgain, Inc.
Mitsubishi Materials Corporation
Vishay Intertechnology, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Antenna Type
PCB Trace Antenna
Chip Antenna
Patch Antenna
Flexible Printed Circuit (FPC) Antenna
Others
By Connectivity
GNSS/GPS
Wi-Fi/Bluetooth
Cellular
mmWave (5G)
LPWAn
RFID
UWB
Others
By End User
Consumer Electronics
Communication (Datacom & Telecom)
Healthcare
Aerospace & Defense
Industrial
Automotive & Transportation
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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