The global embedded antenna systems market is expected to reach USD 8.4 billion by 2027; it is anticipated to register a CAGR of 14.9% during the forecast period from 2021 to 2027.
Major players in the embedded antenna systems market are Molex (US), Taoglas (Ireland), Kyocera AVX (US), Linx Technologies (US), Antenova Ltd. (UK), Yageo Corporation (Taiwan), Abracon (US), Ignion (Spain), TE Connectivity (Switzerland), and so on.
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APAC held the largest market share in 2020. The market in APAC is also expected to grow at the highest CAGR during the forecast period, owing to the concentration of consumer electronics manufacturers in the region. The growing penetration of smartphones and smart home devices in the developing countries in APAC is expected to spur the demand for embedded antennas in the region. Government investments in urban planning and smart city development in China and India are expected to provide new growth opportunities for IoT devices during the forecast period; this, in turn, is expected to drive the adoption of embedded antennas in cellular and LPWAN connectivity devices.
The difference in spectrum allocation across regions compels OEMs to produce multiple SKUs of the same IoT devices connected to wide area network (WAN) technologies. This is expected to continue as 2G and 3G networks are phased out and devices transition to LTE and 5G, a technology with more than 40 spectrum bands. 5G is increasing the number of spectrum bands that OEMs need to consider for antenna design.
The demand for embedded antennas is fueled by the developments in the wireless communications industry, such as long-term evolution (LTE), increased adoption of smart devices, higher mobility, and explosive growth in mobile data traffic. New wireless technologies such as LTE and 5G, which are the fastest-growing mobile technologies and would continue to evolve in the future, demand more spectrum and more energy. With the growing number of connected devices, high-speed internet connectivity has become one of the most important parameters in digitally advanced workplaces. With 3G as the absolute wireless broadband technology and 4G rapidly expanding its prospects across numerous applications, the industry focus has shifted toward the development of the 5G technology, which is anticipated to become the next phase of development across the highly dynamic broadband industry.
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