The Latin America, Middle East and Africa Chip Antenna Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
IoT benefits from 5G that are not offered by legacy 4G or other cellular technology from a prior generation. These advantages include 5G's capacity to accommodate a huge variety of bandwidth-, speed-, and quality-of-service-required mobile and fixed IoT devices. When it comes to the emerging IoT industry, the telecom service assurance industry is looking at a potential revenue stream as more companies turn to digitalization and automation in locations like factory floors.
The emergence of the IoT and machine-to-machine interactions in several industry verticals will likely spur significant growth in the chip antenna market during the forecast period. The deployment of 5G networks is driven by the quick rise in connected devices and increased preference for high-speed internet connectivity. In addition, the adoption of 5G technology is fueled by technological developments in wireless communications, including long-term evolution (LTE), improved mobility, and the spike in mobile data traffic. Therefore, the rapid adoption of 5G networks is a key factor in the expansion of the market.
As significant housing and infrastructure projects are planned, the regional automobile industry will likely continue to grow. Heavy commercial vehicle volumes would be supported by existing infrastructure as well as other development projects. In contrast, light commercial vehicle revenues would continue to climb as a consequence of rising investment and growth as a consequence of greater migration from neighboring countries. Additionally, there will be an increased need for minibuses and buses to accommodate the expanded tourism and hospitality operations in the UAE, as well as the growing demand for construction workers. This would increase the need for GPS/GNSS equipment that uses chip antenna.
The Brazil market dominated the LAMEA Chip Antenna Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $47.3 million by 2028.The Argentina market is experiencing a CAGR of 16.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Chip Antenna Market is Predict to reach $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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