The Chip Antenna industry was 167.7 million USD in 2017 and is projected to reach USD 233.2 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 4.20% between 2017 and 2025. The global market growth can be attributed to the growing demand for consumer electronic devices such as smartphones, tablets, and wearables in the region. China is the largest automotive manufacturer in the world; the prospective use of chip antennas for wireless communication in automotive telematics applications such as navigation, vehicle tracking, and others is contributing in the growth of the chip antenna market in the APAC region.
The industry is relatively fragmented, the key brand include Vishay, INPAQ, Antenova, Johanson Technology, Mitsubishi Materials, Abracon, TAIYO YUDEN, Linx Technologies, Wrth Elektronik, Taoglas, Partron, Yageo, Rainsun, Fractus, Cirocomm, 2j-antennae, Microgate, Sunlord, TDK and so on.
At present, in developed countries, the chip antenna industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan, meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese chip antenna production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
China’s chip antenna industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international consumption country of chip antenna, but the production technology is relatively laggard to produce some low-end product. Although the new production lines are increasing, and the high-end product is still relying on import.The key factor driving the global chip antenna market is the rising demand for consumer electronic devices such as smartphones, wearables, and gaming consoles that use chip antennas for wireless communication. Market growth is also driven by the demand for these antennas in the industrial sector, which has been triggered by the increasing use of wireless technology for machine-to-machine communication in manufacturing industries.
APAC held the largest share of the chip antenna market in 2015. This can be attributed to the growing demand for consumer electronic devices such as smartphones, tablets, and wearables in the region. China is the largest automotive manufacturer in the world; the prospective use of chip antennas for wireless communication in automotive telematics applications such as navigation, vehicle tracking, and others is contributing in the growth of the chip antenna market in the APAC region.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Chip Antenna Market Research Report 2018 report released by QYResearch provides a basic overview of the Chip Antenna industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Chip Antenna industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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