Smart Antenna Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Antenna Market Manufacturers and is Segmented by Type (Stamping Antenna, FPC Antenna, LDS Antenna, LCP Antenna, MPI Antenna), Application (Main Antenna, Bluetooth Antenna, WiFi Antenna, GPS Antenna, NFC Antenna), Product (Phone, Laptop, Tablet, Wearables, Desktop, Wireless Audio, Smart TV, Consoles), and Geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Antenna Market Size

Antenna Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 23.47 Billion
Market Size (2029) USD 34.24 Billion
CAGR (2024 - 2029) 7.85 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Antenna Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Antenna Market Analysis

The Antenna Market size is estimated at USD 23.47 billion in 2024, and is expected to reach USD 34.24 billion by 2029, growing at a CAGR of 7.85% during the forecast period (2024-2029).

  • The market is expected to observe significant growth over the forecasted period due to the rise in wireless communication, the rise in internet usage, the development of smart cities, advanced driver assistance systems (ADAS) vehicles, and many more. To cater to those needs, the players in the market are developing new products to capture the market share.
  • The antenna market is showing upward growth due to the increasing usage of wireless connectivity solutions due to digital transformation. During the forecast period, the antenna market is expected to be driven by the growing use of wireless systems, wireless communications, and the increased use of antennas in consumer electronic products, such as laptops, tablets, wearables, smartphones, and other devices.
  • The rise in the adoption of satellite communications is expected to drive the antenna market. One of the key aspects driving the growth of the Antenna market is the expansion of the space sector. The market is expanding as a result of an increase in space exploration missions, cost-effective satellite launch operations, increased demand for satellite-assisted combat, and enhanced small satellite deployment. The United States Space Force (USSF) operates the USD 6.8 billion satellite control network (SCN) for military warfighters, which consists of an international ground network of fixed antennas at seven locations to command more than 190 military and government satellites.
  • Antennas are essential for providing wireless connectivity in smart cities. They enable efficient and reliable communication between devices and infrastructure components such as sensors, cameras, streetlights, and vehicles. Antennas are used to establish wireless networks and enable data transfer, facilitating real-time monitoring and control of different systems. The rise in smart cities is expected to drive the studied market.
  • On the contrary, antennas require intricate designs, especially when developing high-performance and multi-band antennas. Achieving the desired performance characteristics within the constraints of the stamping process can be challenging. Further, the choice of stamping material can significantly impact antenna performance. Finding the right material that balances electrical conductivity, mechanical strength, and cost can be challenging.
  • Post-pandemic, the players in the market are developing new sustainable products due to the rise in the demand from customers. For instance, in January 2023, Toppan designed an eco-friendly near-field communication (NFC) tag label that utilizes paper material as the substrate for the antenna rather than conventional polyethylene terephthalate (PET) film. The sales of the new tag label have been launched, with Europe anticipated to be a favorable market due to the high level of environmental consciousness. In addition to reducing plastic consumption to zero by switching to paper, a new circuit fabrication technology ensures sufficient communication performance as an NFC device.

Antenna Market Trends

Phone to be the Largest Product Segment in the Studied Market

  • According to the GSM Association, global mobile internet subscribers reached 4.4 billion in 2022. Growing investments in phone network infrastructure across the globe have narrowed down the mobile broadband network gap significantly over the last decade.
  • The antenna performance of a phone is vital to ensure adequate communication coverage in low-signal areas. With the maturity of 5G technology, large-scale deployments and commercialization of 5G have become possible in modest-income markets. This could further bolster the mobile subscriber growth.
  • The GSM Association states that more than two in five people across the world will live within the 5G network reach by 2025. The introduction of 5G has expanded the use of active antenna systems. With the advent of phones, engineers are developing antenna solutions by integrating multiple antennas into small form-factor devices to address the challenges in multi-radio environments.
  • The developments and adoption of 5G subscriptions would create an opportunity for the market players in the region to develop new products to enhance the smooth functioning of services. According to Ericsson, 5G subscriptions are forecast to increase drastically worldwide from 2021 to 2028, from over 509.62 million to over 4.62 billion subscriptions. Southeast Asia, Northeast Asia, Nepal, India, and Bhutan are expected to have the most subscriptions by region.
  • The advantages of technologically advanced simulation software over traditional measurement tools enable mobile phone manufacturers to produce 5G phones more efficiently and reinforce customers' competitive advantages. Further, the advent of 5G technologies is encouraging phone manufacturers and mobile network operators to adopt 5G antenna technology to meet the real-time demands of consumers.
Antenna Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia Pacific is Expected to Register Major Growth

  • Asia-Pacific is witnessing a growing market for advancing information sharing, in-car entertainment, and Internet of Things (IoT) expansion. Antennas have become incredibly important for seamless wireless connectivity for high-speed communication systems. As a result, Asia-Pacific's largest and most trusted antenna innovators strive to empower customers with an extensive range of antenna solutions for applications, including industrial, cellular, 5G, automotive, global navigation satellite system/global positioning system (GNSS/GPS), healthcare, etc.
  • A rise in the adoption of cabled external antennas has been observed that offer best-in-class radio frequency (RF) performance in ruggedized thermoplastic enclosures. External antennas are resistant to moisture, extreme thermal conditions, and vibration for convenient mounting in various locations, driving the market demand in the Asia-Pacific region. 
  • Antenna manufacturers across the Asia-Pacific region utilize their industry-leading expertise and capabilities to design and manufacture custom solutions emphasizing small multiband and complementary antennas and employing laser direct structuring (LDS), flex, stamped, and ceramic technologies.
  • Miniaturization strengthens its hold in advanced applications such as wireless and consumer electronics while enabling small, lighter antenna infrastructures. Designers must contend with greater feature density to meet user expectations. Miniaturizations enable packing greater functionality into smaller spaces. Collaboration and partnerships enabled advances in product design and solutions to potential issues before production through emerging technologies. Cloud collaboration also brings manufacturing experts to avoid costly rework cycles. With the help of state-of-the-art simulation tools, manufacturers can make accurate performance and reliability predictions.
  • Luxshare Technology Co. Ltd., a Chinese electronic components manufacturer, provides data-communication facilities and enterprise-level 5G-related products in China. The company's core product portfolio includes antennas, connectors, cables, optical modules, and interconnection products. 
  • In February 2023, the company partnered with POET Technologies Inc. to develop a power-efficient and cost-effective portfolio of 400G and 800G transceiver solutions for data centers. The company focuses on offering seamless electronic component integration into a single multi-chip module through intelligent manufacturing techniques.
  • Murata, a Japanese manufacturing company, offers a low-frequency radio frequency identification (LF RFID) antenna for magnetic field-based communication. The company products are designed for automotive and intelligent home key applications. An LF RFID antenna complies with vehicle-mounting standards and is used in vehicle smart keys. Rising demand for high-end antenna coils for intelligent keys for automobiles is likely to boost product demand in the region. The advancement of IoT in automotive, smart cities, and construction machinery also propels the market demand for antennas in the region.
Antenna Market - Growth Rate by Region

Antenna Industry Overview

The Antenna Market is characterized by significant fragmentation, featuring key players such as Molex LLC, Amphenol Corporation, Airgain Inc., Galtronics USA Inc., and Sunway Communication. These market participants employ various strategies, including partnerships and acquisitions, to bolster their product portfolios and attain a sustainable competitive advantage.

In April 2023, Amphenol Airwave Communication Electronics Co. Ltd., a subsidiary of Amphenol Corporation, announced a strategic partnership with NuCurrent, a global leader in wireless power systems. This collaboration aims to address the pressing industry-wide demand for a transition to the new Qi2 standard (pronounced "cheē tü"). It will leverage NuCurrent's expertise in wireless power intellectual property, systems technology, and design capabilities, along with Amphenol's proficiency in antenna technology, design, and manufacturing.

In March 2023, Linx Technologies, now a part of TE Connectivity (TE), a renowned leader in connectors and sensors, introduced a new series of cellular adhesive flexible printed circuit (FPC) antennas. These antennas are designed for 5G New Radio, LTE, and cellular IoT (LTE-M, NB-IoT) applications that require a cost-effective and versatile antenna solution. The ANT-5GW-FPC antennas offer a flexible ground plane-independent dipole internal/embedded antenna solution. Their flexibility and adhesive backing facilitates easy mounting within RF transparent enclosures (e.g., plastic), enabling environmental sealing and protection against antenna damage.

Antenna Market Leaders

  1. Molex, LLC

  2. Amphenol Corporation

  3. Airgain, Inc.

  4. Galtronics USA, Inc

  5. Sunway Communication

*Disclaimer: Major Players sorted in no particular order

Antenna Market Concentration
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Antenna Market News

  • April 2023: Ignion, a Barcelona-based innovator in IoT antenna technology, announced a strategic partnership with Geocene, a renowned engineering and technology design firm based in California. This collaboration aims to provide robust support for the design and development of cutting-edge IoT devices, leveraging Ignion's Virtual Antenna technology and the cloud-based Antenna Intelligence Cloud. Given the intricacies of IoT development, a proficient engineering team equipped with the latest RF hardware technology is essential to expedite market entry with optimal connectivity and reliability. By joining forces, Geocene and Ignion are merging their personnel and technological expertise to facilitate successful solutions for customers grappling with intricate challenges and adapting to the ever-evolving market demands.
  • March 2023: Rohde & Schwarz unveiled their latest innovation, the R&S TSEMF-B2E isotropic antenna, designed for use with the TS-EMF measuring

Antenna Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Consumers

      2. 4.2.2 Bargaining Power of Suppliers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Impact of COVID -19 on the Antenna Market


    1. 5.1 Market Drivers

      1. 5.1.1 Rising Automation in Developing Countries Across Various Verticals

      2. 5.1.2 Penetration of the Internet and the Advent of IoT

    2. 5.2 Market Restraints

      1. 5.2.1 Need for Efficiency and Bandwidth Improvements


    1. 6.1 By Type

      1. 6.1.1 Stamping Antenna

      2. 6.1.2 FPC Antenna

      3. 6.1.3 LDS Antenna

      4. 6.1.4 LCP Antenna

      5. 6.1.5 MPI Antenna

    2. 6.2 By Application

      1. 6.2.1 Main Antenna

      2. 6.2.2 Bluetooth Antenna

      3. 6.2.3 WiFi Antenna

      4. 6.2.4 GPS Antenna

      5. 6.2.5 NFC Antenna

    3. 6.3 By Product

      1. 6.3.1 Phone

      2. 6.3.2 Laptop

      3. 6.3.3 Tablet

      4. 6.3.4 Wearables

      5. 6.3.5 Other Products

    4. 6.4 By Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia-Pacific

      4. 6.4.4 Rest of the World


    1. 7.1 Consumer Electronics

    2. 7.2 Military and Defense

    3. 7.3 Healthcare

    4. 7.4 Automotive

    5. 7.5 Other End-user Industries


    1. 8.1 Antenna on Chip and Antenna in Package to Disrupt the Antenna Market

    2. 8.2 Disruptors Profiles

      1. 8.2.1 MediaTek Inc.

      2. 8.2.2 Qualcomm Technologies Inc.

      3. 8.2.3 TDK Corporation

      4. 8.2.4 Nordic Semiconductor ASA

      5. 8.2.5 Johanson Technology Inc.

      6. 8.2.6 Vishay Intertechnology Inc.

      7. 8.2.7 Microchip Technology Inc.

      8. 8.2.8 Intel Corporation

    3. 8.3 5G Antenna Market

    4. 8.4 Cable Antenna

    5. 8.5 RFID/UHF Antenna


    1. 9.1 Company Profiles*

      1. 9.1.1 Molex LLC

      2. 9.1.2 Amphenol Corporation

      3. 9.1.3 Airgain Inc.

      4. 9.1.4 Galtronics USA Inc

      5. 9.1.5 Sunway Communication

      6. 9.1.6 Luxshare Precision

      7. 9.1.7 Murata Manufacturing Co. Ltd.

      8. 9.1.8 Huizhou SPEED Wireless Technology Co. Ltd

      9. 9.1.9 Fujikura Electronics

      10. 9.1.10 Xinwei Communication

      11. 9.1.11 HOLITECH Technology Co. Ltd

      12. 9.1.12 AAC Technologies

      13. 9.1.13 TE Connectivit Ltd

      14. 9.1.14 Qualcomm Technologies Inc

      15. 9.1.15 Texas Instruments Incorporated

      16. 9.1.16 Linx Technologies




**Subject to Availability
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Antenna Industry Segmentation

The antenna is the intermediator between the radio waves propagating through space and current-carrying conductors. It works as the transducer that converts the radiofrequency field into alternating current. The two basic types of antenna are receiving antenna and transmitting antenna. Antennas can be designed to transmit and receive radio waves in all horizontal directions equally (omnidirectional antennas) or preferentially in a particular direction (directional, high-gain, or 'beam' antennas).

The antenna market is segmented by type into stamping antenna, FPC antenna, LDS antenna, LCP antenna, and MPI antenna. These types cater to various applications, including main antenna, Bluetooth antenna, Wi-Fi antenna, GPS antenna, and NFC antenna. Furthermore, these antennas are integrated into a wide range of products, such as phones, laptops, tablets, wearables, desktops, wireless audio devices, smart TVs, and gaming consoles. This segmentation is essential for understanding the diverse landscape of the antenna market across different geographical regions(North America, Europe, Asia-Pacific, and the Rest of the World).

The report offers market forecasts in USD for all the above segments.

By Type
Stamping Antenna
FPC Antenna
LDS Antenna
LCP Antenna
MPI Antenna
By Application
Main Antenna
Bluetooth Antenna
WiFi Antenna
GPS Antenna
NFC Antenna
By Product
Other Products
By Geography
North America
Rest of the World
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Antenna Market Research FAQs

The Antenna Market size is expected to reach USD 23.47 billion in 2024 and grow at a CAGR of 7.85% to reach USD 34.24 billion by 2029.

In 2024, the Antenna Market size is expected to reach USD 23.47 billion.

Molex, LLC, Amphenol Corporation, Airgain, Inc., Galtronics USA, Inc and Sunway Communication are the major companies operating in the Antenna Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Antenna Market.

In 2023, the Antenna Market size was estimated at USD 21.63 billion. The report covers the Antenna Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Antenna Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Antenna Industry Report

Statistics for the 2024 Antenna market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Antenna analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Smart Antenna Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)