Market Overview:
3D printed antennas are manufactured using 3D printing technology which enables the fabrication of different shapes and sizes of antennas efficiently. 3D printed antennas offer various advantages over traditionally manufactured antennas such as miniaturization, flexibility in design, and ease of customization. With the proliferation of IoT devices and wireless communication technologies, demand for compact and efficient antennas is growing significantly. This growing demand acts as a driver for the 3D printed antenna market.
Market key trends:
Miniaturization is a key trend being observed in the Global 3d Printed Antenna Market. Conventional antenna manufacturing methods pose limitations in producing miniature antennas. However, 3D printing overcomes these limitations by enabling fabrication of flexible and compact antenna designs. For instance, Stratays Ltd. utilizes its proprietary 3D printing technology to manufacture miniature antennas measuring less than 6 cubic millimeters in size. Hanson Robotics has also developed many flat, stretchable antenna designs using 3D printing technology. The trend of miniaturization is expected to further drive innovation in compact and integrated antenna solutions using 3D printing over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and lack of need for economies of scale keeps the threat of new entrants relatively high in this market.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and price comparison options across competitors.
Bargaining power of suppliers: Suppliers enjoy relatively high bargaining power due to the specialized nature of inputs and technologies required for 3D printed antennas.
Threat of new substitutes: The threat of new substitutes is low as 3D printed antennas provide unique features compared to traditional antennas.
Competitive rivalry: High as the market involves many global players offering diversified product portfolios.
Key Takeaways
The global 3D printed antenna market is expected to witness high growth, exhibiting a CAGR of 16% over the forecast period 2023-2030, due to increasing demand for miniaturized and multifunctional antennas across industries. The 3D printing technology enables the development of complex custom antenna shapes that cannot be produced through traditional manufacturing methods.
Regionally, North America captured the major share of the global 3D printed antenna market in 2022 owing to heavy investments in wireless technologies by communication equipment manufacturers in the region. However, Asia Pacific is anticipated to register the fastest growth over the forecast period supported by the expanding electronics sector and favorable government policies supporting additive manufacturing adoption in the region.
Key players operating in the 3D printed antenna market are Optisys LLC, Optomec Inc., Stratasys Ltd., Nano Dimension Ltd., Voxel8, Optomec Inc., Hanson Robotics, CRP Technology, The ExOne Company, Materialise NV, EOS GmbH, SABIC, HP Inc., GE Additive, Markforged. These players are focusing on new product launches and strategic collaborations with end users to strengthen their market position. For instance, in 2022 Nano Dimension partnered with Anthropic to develop machine learning-based 3D printed antennas for autonomous vehicles.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
