3D printed antennas are used in wireless communication devices for applications such as Wi-Fi, Bluetooth, GPS, and RFID. They provide benefits such as lightweight, durability, multi-frequency operations and easy customization of antenna form factor and size. With the rising adoption of IoT devices across various industry verticals, there is a growing need for efficient antennas that can seamlessly integrate with smart connected products and optimize network performance.
The global 3D Printed Antenna Market is estimated to be valued at US$ 1.7 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of IoT technology has been a major factor driving the growth of the 3D printed antenna market. IoT connectivity relies heavily on efficient, miniature antennas that can be seamlessly embedded in smart connected devices. 3D printing allows for customization of antenna size and design as per the specifications of IoT devices. It enables the production of 3D multifunctional and multiband antennas that can support multiple wireless communication protocols required for IoT networks. This has significantly boosted the demand for 3D printed antennas from IoT product manufacturers.
SWOT ANALYSIS
Strength: 3D printed antenna offers design flexibility & customization. Complex antenna designs can be easily printed.
Weakness: Initial set up & printing costs of 3D printers are high. Limited material options available for printing.
Opportunity: Growing demand for IoT & 5G networks creates scope for customized antenna designs. Adoption in applications like aerospace & defense.
Threats: Established manufacturers in conventional antenna fabrication. Stringent regulations for telecom components.
Key Takeaways
The global 3D Printed Antenna market is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 1.7 Bn by 2024, growing at an impressive CAGR of 16%.
Regional analysis – North America currently dominates the market and is expected to maintain its leading position during the forecast period. Rapid technological advancements and increasing focus on research & development of customized antennas drive the North American market. Asia Pacific is projected to be the fastest growing region owing to rising adoption of advanced wireless technologies in countries like China and India.
Key players operating in the 3D Printed Antenna market are Optisys LLC, Optomec Inc., Stratasys Ltd., Nano Dimension Ltd., Voxel8, CRP Technology, The ExOne Company, Materialise NV, EOS GmbH, SABIC, HP Inc., GE Additive, and Markforged. Strategic partnerships for technology advances and geographic expansions are helping these companies strengthen their positions in the emerging 3D printed antenna industry.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
