Printed Antenna Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3470
Printed Antenna Market size is anticipated to expand at a notable CAGR between 2021 and 2027. This growth is attributable to the growing applications of printed antennas in telecommunication. The technology is an integral part of modern mobile communication devices that help boost the data transmission capability. The proliferation of smartphones and handheld devices, expansion of the telecom sector, and worldwide 5G deployment efforts will certainly augment the technology adoption.
The printed antenna market is witnessing increasing usage owing to benefits such as lower production costs, easy integration with microwave integrated circuits, and compact size. Also known as microstrip antennas, these antennas find wide application in automotive, aerospace & defense, healthcare, and pharmaceutical sectors, apart from telecom applications. Additional benefits of the technology include efficient performance, lower weight, and robust form factor. Manufacturers of microstrip antennas are continuously innovating to improve design, performance, and efficiency. Many companies are also ramping up production of 5G-ready equipment to keep pace with the global 5G rollout.
In terms of the applications, the automotive sector is likely to acquire a fair share of the printed antenna market through 2027. Microstrip antennas find wide application in GPS systems used in vehicles. The growing integration of in-vehicle navigation and infotainment systems will create favorable opportunities for the technology acceptance. Additionally, the fast-growing trend of autonomous vehicles will propel the product demand significantly as printed antennas has immense potential in vehicle-to-vehicle communication.
Europe printed antenna market share is slated to progress at a rapid rate over the forthcoming years. The regional demand is influenced by the ongoing 5G expansion and the growth of telecom sector. Back in 2016, the European Commission had launched the 5G action plan to accelerate 5G infrastructure deployment across Europe. The initiative aimed to launch 5G services in all EU Member states by 2020 followed by a rapid 5G build-up to deploy uninterrupted 5G coverage in urban areas and along the major transportation coverage by 2025. These factors along with the development of self-driving vehicle technology and investments in aerospace & defense will bolster the regional outlook.
Gamma NU Inc., Texas Instruments Incorporated, TIL-TEK Antenna Inc., Mars Antennas and RF Systems Ltd., Cobham Plc, Optisys Inc., GSI Technologies, Galtronics Corporation, and Optomec Inc. are among the top vendors of printed antenna in the world.
Latest developments in printed antenna market:
- In September 2021, TE Connectivity had completed the acquisition of the antennas business of Laird Connectivity. The deal would help TE expand its antenna product line and advanced engineering capabilities for the IoT and edge markets.
- Cobham Advanced Electronics Solutions (CAES) had secured a USD 50 million deal from Lockheed Martin to supply antenna array panel assemblies for the U.S. Navy’s SEWIP (Surface Electronic Warfare Improvement Program).
COVID-19 pandemic and its impact on industry trends
The coronavirus pandemic has had significant impact on the market forecast owing to strict containment measures, supply chain problems, and other challenges. Due to these factors, manufacturing activities across automotive, aerospace, telecom, and other sectors have experienced a decline. The COVID-19 crisis has negatively affected 5G rollout efforts across some parts of the world. However, increased demand for high-quality and uninterrupted communications solutions across the healthcare sector has bolstered the industry outlook to some extent.
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