The Asia Pacific Chip Antenna Market would witness market growth of 13.6% CAGR during the forecast period (2022-2028).
The smallest and most discrete kind of internal antenna currently available is a ceramic chip antenna. One of the key benefits of these antennas over a custom solution (like a PCB antenna) is that they can be purchased separately, making performance tweaking quicker and more adaptable even after the placement of the chip antenna on the board.
In addition to their impedance aligning network and the choice of additional ground clearance below the antenna to further alter frequency tuning, chip antennas have a number of characteristics that make optimization simple. Consumer electronics are now considered to be a necessary component of modern life. Consequently, it is difficult to envision a world devoid of consumer products.
Smartphones, TVs, tablets, computers, laptops, wearable technology, digital cameras, gaming consoles, and VR & AR gadgets are among daily consumer goods. Since every single person has a smartphone, smartphones are in greater demand than other things. The high usage of these gadgets has propelled the demand for chip antennas.
The Integrated Innovation Strategy 2022, unveiled by the Japanese government, lays out the strategy for achieving the nation's objectives. Japan established a target for R&D investment between the private and public sectors over five years, beginning in 2021, to establish Society 5.0. Additionally, the use of man-portable devices and unmanned systems is expanding in Japan. The need for chip antennas is anticipated to rise as smartphone and smart home device usage increases in the region's developing nations. In addition, government funding for smart city development and urban planning in China and India will increase demand for IoT equipment, encouraging the use of chip antennas in LPWAN (low-power wide area network) and cellular networking equipment. All these factors are propelling the need for chip antennas in the region, which is further expected to increase throughout the projection period.
The China market dominated the Asia Pacific Chip Antenna Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $328.4 million by 2028.The Japan market is estimated to grow a CAGR of 12.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 14.3% during (2022 - 2028).
Based on Type, the market is segmented into LTCC Chip and Dielectric Chip. Based on Application, the market is segmented into Bluetooth, WLAN / WiFi, GPS / GNSS and Dual Band / Multi Band. Based on End User, the market is segmented into Telecommunication, Consumer Electronics, Automotive, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Chip Antenna Market is Projected to reach USD 2.9 Billion by 2028, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Linx Technologies, Inc. (TE Connectivity Ltd.), Vishay Intertechnology, Inc., Yageo Corporation, Mitsubishi Materials Corporation, Taoglas, Antenova Ltd., Johanson Technology, Inc., Ignion, SL, and Shenzhen Sunlord Electronics Co., Ltd.
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