Antenna Market Size (2024 - 2029)

Antenna Market Analysis

The Antenna Market size is estimated at USD 23.47 billion in 2024, and is expected to reach USD 34.24 billion by 2029, growing at a CAGR of 7.85% during the forecast period (2024-2029).

• The market is expected to observe significant growth over the forecast period due to factors such as the rise in wireless communication, the rise in internet usage, the development of smart cities, advanced driver assistance systems (ADAS) vehicles, and many more. In order to cater to those needs, the players in the market are developing new products to capture more market share.
• The market’s growth can be attributed to the increasing usage of wireless connectivity solutions due to digital transformation. During the forecast period, the antenna market is expected to be driven by the growing use of wireless systems, wireless communications, and antennas in consumer electronic products, such as laptops, tablets, wearables, smartphones, and other devices.
• The rise in the adoption of satellite communications is also expected to drive the market's growth. Another key aspect driving the growth of the market is the expansion of the space sector. The market is expanding as a result of the increase in space exploration missions, cost-effective satellite launch operations, increasing demand for satellite-assisted combat, and rising small satellite deployment. For instance, in January 2024, the Space Development Agency awarded Rocket Lab USD 515 million to build 18 data transport satellites.
• Antennas are essential for providing wireless connectivity in smart cities. They enable efficient and reliable communication between devices and infrastructure components such as sensors, cameras, streetlights, and vehicles. Antennas are used to establish wireless networks and enable data transfer, facilitating real-time monitoring and control of different systems. The rise in smart cities is expected to drive the market.
• On the contrary, antennas require intricate designs, especially when developing high-performance and multi-band antennas. Achieving the desired performance characteristics within the constraints of the stamping process can be challenging. The choice of stamping material can significantly impact antenna performance. Finding the right material that balances electrical conductivity, mechanical strength, and cost can be challenging.
• Post-pandemic, the players in the market have been developing new sustainable products due to the rise in customer demand. For instance, in January 2023, Toppan designed an eco-friendly near-field communication (NFC) tag label that utilizes paper material as the substrate for the antenna rather than conventional polyethylene terephthalate (PET) film. Europe is anticipated to be a favorable market for the sales of the new tag label due to the high level of environmental consciousness. In addition to reducing plastic consumption to zero by switching to paper, a new circuit fabrication technology ensures sufficient communication performance as an NFC device.

Antenna Industry Segmentation

An antenna is the intermediator between the radio waves propagating through space and current-carrying conductors. It works as the transducer that converts the radiofrequency field into alternating current. The two basic types of antenna are receiving antenna and transmitting antenna. Antennas can be designed to transmit and receive radio waves in all horizontal directions equally (omnidirectional antennas) or preferentially in a particular direction (directional, high-gain, or 'beam' antennas).

The antenna market is segmented by type into stamping antenna, FPC antenna, LDS antenna, LCP antenna, and MPI antenna. These types cater to various applications, including main antenna, Bluetooth antenna, WiFi antenna, GPS antenna, and NFC antenna. Furthermore, these antennas are integrated into a wide range of products, such as phones, laptops, tablets, wearables, desktops, wireless audio devices, smart TVs, and gaming consoles. This segmentation is essential for understanding the diverse landscape of the antenna market across different geographical regions, including North America, Europe, Asia-Pacific, and the Rest of the World. The report offers market sizes and forecasts in value terms (USD) for all the above segments.