Embedded Antenna System Market Research Report and Outlook by 2028

The embedded antenna system market is projected to grow significantly, reaching an estimated US$ 5,685.63 million by 2028, up from US$ 2,858.37 million in 2021, reflecting a compound annual growth rate (CAGR) of 10.3% during the period from 2021 to 2028.

In North America, the embedded antenna systems market is segmented into the United States, Canada, and Mexico. This region is home to numerous Fortune 500 companies and has the largest economy in the world, characterized by a diverse and advanced industrial sector. The push towards Industry 4.0 is being driven by rising labor costs, a shortage of skilled labor, and a focus on enhancing industrial productivity. This trend is fostering the growth of the Industrial Internet of Things (IIoT), which is increasing the demand for embedded antenna systems that utilize connected technologies such as Wi-Fi, Bluetooth, and ultrawideband. The favorable environment for adopting innovative technologies, coupled with a strong communication infrastructure, is facilitating the proliferation of connected devices across North America. According to Cisco Systems, Inc., the number of network devices in the region is expected to approach 5 billion by the end of 2023. Key players in the embedded antenna system market in North America include Cobham, Tallysman, Linx Technologies, Mobile Mark Inc., TE Connectivity Corporation, Airgain, Inc., and Molex LLC.

The embedded antenna system market is categorized into various segments based on antenna type, connectivity, end use, and geographical regions. The antenna type segment includes PCB trace antennas, chip antennas, patch antennas, flexible printed circuit antennas, and other types, with PCB trace antennas holding the largest market share in 2020. The connectivity segment encompasses GNSS/GPS, Wi-Fi-Bluetooth, cellular, mmWave (5G), LPWAN, RFID, and UWB, where GNSS/GPS accounted for a substantial share in 2020. The end-use segment of the embedded antenna system market comprises consumer electronics, communication, healthcare, aerospace & defense, industrial, automotive & transportation, and other applications, with consumer electronics being the leading contributor to market share in 2020. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America, with APAC holding a significant market share in 2020.

The onset of the COVID-19 pandemic led to temporary shutdowns of manufacturing facilities in North America to mitigate the virus's spread. Consequently, the embedded antenna system manufacturing sector faced considerable losses due to factory closures and reduced production levels. Additionally, demand for these systems declined as strict government regulations and decreased production activities affected various end-user industries. These challenges impeded market growth during the first half of 2020. However, by the third quarter of 2020, economic activities began to stabilize, and supply chain participants resumed operations, providing opportunities for recovery for embedded antenna system market players.

In Europe, the embedded antenna system market is segmented into regions such as Germany, France, Russia, the UK, Italy, and the Rest of Europe. This region is recognized for its high industrialization levels, substantial GDP, particularly in developed Western European economies, improved living standards, and a growing elderly demographic. Europe's industrial sector is robust and significantly contributes to the regional economy, with over 2 million companies and 33 million jobs. However, the increasing elderly population and a limited skilled workforce have prompted manufacturers in the region to invest heavily in smart manufacturing, which has led to a higher adoption of embedded antenna systems. To facilitate the advancement of Industry 4.0, the European Union has launched the "For a European Industrial Renaissance" initiative, which promotes the integration of digital technologies such as cloud computing, new industrial internet applications, Big Data, smart factories, robotics, and 3D printing. The aging population is also a critical factor driving the demand for sophisticated connected healthcare devices, further propelling the growth of the embedded antenna system market in Europe.

The size of the embedded antenna system market has been assessed through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach aimed to provide a comprehensive overview and forecast for the embedded antenna system market across all segments and regions. Additionally, primary interviews were conducted with industry stakeholders and experts to validate the data and obtain analytical insights. Participants included industry professionals such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the embedded antenna system market.

Prominent players in the global embedded antenna system market include Airgain, Inc.; Antenova Ltd.; Infinite Electronics International, Inc.; Kyocera AVX Components Corporation; Mitsubishi Materials Corporation; MOLEX; LINX Technologies; TE Connectivity; Walsin Technology Corporation; YAGEO Group; TAOGLAS; Tallysman; Panorama Antennas Ltd.; Mobile Mark, Inc.; and 2J Antennas, S.R.O.