Chip Antenna Market Size

Chip Antenna Market size was valued at USD 4.41 Billion in 2023 and is set to cross USD 15.59 Billion by 2036, expanding at more than 10% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of chip antenna is evaluated at USD 4.82 Billion. This growth of the market is set to be dominated by the growth in adoption of smartphones. The number of people using smartphones as of 2023 around the globe is estimated to be about 5 billion. This means around 85% of the global population is a smartphone user. Further, almost every smartphone purchased contains a chip antenna. The chip antenna in mobile phones plays a significant role in transferring signals through various devices and networks when connected to the internet or during phone calls without any interference.

Additionally, the size of every electronic gadget has decreased over the decades. This could be due to the growing demand from industries that prefer electronics with greater speed, power, and weight. This has further influenced the adoption of chip antennas, which are also increasing the efficiency of the products.