Market improvement technique for printed antennas, future plans and business progress with excessive CAGR as much as forecast 2025 – KSU
Neotech AMT GmbH, Shure Inc., nScrypt Inc., Optomec Inc., Optisys Inc., Cbham plc, GSI Technologies, Mars Antennas & RF System, Texas Instrument Inc. and Thales SA are the top companies in the competition global printed antenna marketsays Transparency Market Research in one of its recent reports.
A report by Transparency Market Research predicts that the global market for printed antennas will grow at an annual growth rate of 7.7% between 2017 and 2025. At this rate, the market is projected to have a $ 12.87 billion chance by 2025, up from $ 6.66 billion in 2016.
Screen printing segment achieves leading sales
The printing technology based segments of the printed antenna market are inkjet, screen printing, flexographic, gravure, and others. The screen printing segment is the market leader. This is because it uses a high frequency identification technique that enables printing on a large number of substrates such as paper, plastic, metal, ceramic, and others. Screen printing’s ability to work on rough surfaces extends its application to various industries such as aerospace and defense, commercial sectors, and others. However, it is estimated that the inkjet printing segment will lead the growth as the technology supports digital printing for electrical devices.
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Attributes of efficient data transmission catalyze growth
The aerospace and defense sectors had the leading share of the global printed antenna market in 2016 in terms of end-use. This is because printed antennas combined with radio frequency identification technology provide high efficiency for the data transmission needed in aircraft, spacecraft for navigation and information exchange. The increasing use of printed antennas in the pharmaceutical sector as an add-on, for example in blood flow monitoring devices, will bode well for this end-use segment over the forecast period, ”says the report’s lead analyst.
Geographically, North America dominates the global printed antenna market. The region’s supremacy is due to the huge aerospace and defense spending that led to the adoption of printed electronics for defense materials. Another notable factor behind the strong growth of the regional market is the increasing adoption of intelligent packaging.
Research and development for improved results fuel growth
One of the key drivers of the global printed antenna market is the increasing adoption of printed antennas in the aerospace and defense industries. The printed technology is easy to manufacture and supports a complex design. It is therefore suitable for printing various parts of aircraft and spacecraft. Using advanced printing technology makes it easy to design commercial aircraft and spacecraft, which is otherwise quite complex.
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In addition, significant research and development aimed at improving print quality and efficiency will fuel the growth of the printed antenna market during the forecast period.
In addition, printed antennas are widely used in the telecommunications industry. They are an integral part of several mobile communication devices to facilitate data transfer destinations. The flourishing telecommunications industry in emerging economies such as India, China and South Korea offers tremendous growth opportunities for the printed antenna market.