Global Printed Antenna Market: Snapshot
The global printed antenna market is displaying steadfast growth on account of high-value applications of printed antennas. The rising adoption of printed antennas in the aerospace and defense industry is catapulting growth of this market by leaps and bounds. This is because printed antennae in combination with radio frequency identification technology facilitates efficient data transfer needed in aircrafts, spacecraft, missiles for navigation and information sharing. Not only this, the cost effectiveness of printed antennae due to its easy fabrication using advanced printed circuit technology is fuelling their demand across several end-use industries.
Apart from this, considerable research and development for improvement in printing quality and efficiency is further triggering the growth of this market.
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Printed antennas have substantial applications in telecommunications industry. These antennas form an integral component of several mobile communication devices thereby enhancing the data transmission capabilities of these devices. For example, the flourishing telecommunication industry in emerging economies such as India and China presents ample growth opportunities to the printed antennas market.
As per a report by Transparency Market Research, the global printed antennas market is poised to be worth US$12.87 bn by 2025 increasing from US$6.66 bn in 2016 at a CAGR of 7.7% between 2017 and 2025.
Application of Screen Printing across Industry Verticals Ramps up Demand
The global printed antennas market is divided into five segments of ink-jet printing, screen printing, flexography printing, gravure printing, and others based on printing technology. The segment of screen printing leads the market in terms of value. Being one of the traditional forms of printing technology, screen printing is suitable for printing on large number of substrates such as plastic, paper, cellophane, and others. In addition, its application across several verticals and high accuracy outcomes adds to the advantage of screen printing.
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However, ink-jet printing technology is expected to rise at a considerable CAGR over the forecast period. Ink-jet printing supports digital printing and thus has rising applications across industries. Flexography printing is the newest form of printing technology and finds widespread application in military packaging and labelling. With the growth of the pharmaceuticals and defense sectors, flexography printing technology is anticipated to secure considerable market share over the forecast period.
In terms of end-use, the segments into which the global printed antennas market is divided are automotive, telecommunication, aerospace and defense, pharmaceuticals, and others. In 2016, aerospace and defense held the leading share of the global printed antennas market. Printed antennae in combination with radio frequency identification technology extends efficient data transfer capabilities. The increasing use of printed antennas in the pharmaceuticals sector as an add-on in blood flow monitoring devices is expected to bode well for this end-use segment over the report’s forecast period.
Ceaseless Penetration of Mobile Devices Catapults Asia Pacific Market
The key geographical segments into which the global printed antenna market is divided are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America holds the leading share in the overall market on the back of increasing use of printed technology in defense sector that uses printed antennas for design of aircrafts. This, along with the growing investment in telecommunication and healthcare sectors is boosting the growth prospect of printed antenna market in North America.
On the other hand, Asia Pacific holds immense potential to contribute to the growth of printed antenna market on account of rising penetration of mobile devices in the region.
Some of the leading players in the global printed antenna market profiled in this report are Neotech AMT GmbH, Shure Inc., nScrypt Inc., Optomec Inc., Optisys Inc., Cobham plc, GSI Technologies, Mars Antenna & RF System, Thales S.A, and Texas Instrument Inc.
Rising Adoption in the Defense Sector to Sow the Seeds of Growth across the Printed Antenna Market
The printed antenna market is expected to gain considerable growth across the assessment period of 2017-2025. The rising adoption of these antennas in varied applications such as IT, telecom, aerospace, defense, and others will bring tremendous growth opportunities during the forecast period. The advantages associated with these devices such as affordability, high-data transmission, and others will add extra stars of growth to the printed antenna market.
- The growing adoption of 5G technology across a large number of countries may serve as a prominent growth opportunity for the printed antenna market. The telecommunication industry is witnessing considerable developments in terms of technology. This aspect will further boost the growth of the printed antenna market.
- The rising popularity of connected devices and technologies such as IoT will bode well for the growth. The escalating demand for high-network connectivity among a large number of applications will prove to be a growth multiplier. The increasing investments in the telecommunication sector by various firms and conglomerates will bring shining growth opportunities.
- The ongoing research and development activities help the players to develop novel formulations and enable them to upgrade their existing products. These upgrades assist in increasing the revenues of the players in the printed antenna market. Strategic collaborations also play a major role. These collaborations cement the foothold of the players in the printed antenna market, eventually increasing the growth rate of the printed antenna market.
- The novel coronavirus pandemic has changed the growth projections of almost all sectors and businesses around the globe. The printed antenna market is no exception. The pandemic has had a negative impact on the growth of the printed antenna market. The shutting down of factories and production units led to a decline in the demand and production of printed antennas. However, the relaxations introduced by the governments of numerous countries will serve as a relief for the players.
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