The 3D printed antenna market has been witnessing significant growth in recent years. 3D printed antennas are widely used in various end-use industries such as consumer electronics, automotive, aerospace & defense, and healthcare due to their unique advantages over traditional antennas. 3D printed antennas offer customized designs, flexibility in the form factor, lighter weight, and lower costs. The rising adoption of IoT technology across industries has increased the demand for lightweight and customized antennas thereby propelling the growth of the 3D printed antenna market.
The global 3D Printed Antenna Market is estimated to be valued at US$ 1.7 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period of 2023 to 2030.
Technological advancements in 3D printing technologies such as the development of multi-material 3D printing have enabled the manufacturing of advanced 3D printed antennas with improved characteristics. This is further fueling the market growth.
Key Takeaways
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. Stratasys Ltd. and 3D Systems Inc. are recognized as leading players in the market.
The rising adoption of connected devices and IoT presents significant opportunities for custom 3D printed antennas. IoT connections are expected to grow exponentially over the coming years presenting a great opportunity for customized 3D printed antennas.
Major players are focusing on expanding their geographical footprint to leverage opportunities arising from growing demand across regions. Companies are investing in the development of specialized 3D printing materials and multi-material 3D printers to manufacture advanced multi-functional printed antennas.
Market drivers:
– Growing adoption of IoT and connected devices is driving the demand for compact and customized 3D printed antennas
– Technological advancements are enabling the manufacturing of advanced multi-functional 3D printed antennas
Market restraints:
– Higher costs of advanced 3D printing materials and technologies limit widespread adoption
– Lack of standardization and limitations in design complexity hinder faster replacement of traditionally manufactured antennas
Segment Analysis
The 3D printed antenna market can be segmented by type, end use industry and geography. Based on type, the conformal antenna segment holds the largest market share due to the ability to be placed on any complex surface, both plane and non-planar. This allows integration of antennas into the design of aircraft, spacecraft, cars etc without affecting the aerodynamic efficiency. By end use industry, the healthcare segment dominates owing to the need for cost-effective and compact antennas in medical devices such as wearable medical devices, implantable sensors etc.
Global Analysis
Regionally, North America has the highest share in the 3D printed antenna market due to factors such as strong presence of players like Voxel8, NanoDimension and increasing research and development activities. However, Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising applications in consumer electronics, automotive and defense verticals in developing economies like China and India. Key players like Optomec Inc, HP Inc and Stratasys are focusing on partnerships with OEMs to further drive the technology adoption across regions.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
