Embedded Antenna Systems Market Dynamics, Size, Trends, Scope, Analysis 2027

Global embedded antenna systems market in terms of revenue was estimated to be worth USD 3.2 billion in 2020 and is poised to reach USD 8.4 billion by 2027, growing at a CAGR of 14.9% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

The key factors driving the growth of the embedded antenna systems market include increasing adoption of embedded antenna in Internet of Things devices, increasing demand for low-power wide area (LPWA) networks in IoT applications, and others.

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Opportunity: Development of 5G

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.

Challenge: Need for reduction of stock-keeping units (SKUs)

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.