3D printed antennas continue gaining popularity owing to their lightweight and customizable design properties. 3D printed antennas are increasingly being utilized in various wireless communication devices like smartphones, laptops, and IoT devices due to their compact size and multi-band frequency capabilities. Additionally, 3D printed antennas find wide application in aerospace, telecommunications, healthcare and automotive verticals. The rising demand for compact and customized antennas from aerospace and telecommunication industries is expected to drive the 3D printed antenna market during the forecast period.
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 3D printed antennas in the aerospace vertical is one of the key trends spurring market growth. Aircraft and satellite manufacturers are increasingly utilizing 3D printed antennas to enhance aircraft communication and surveillance systems. 3D printed antennas help reduce aircraft weight and aerodynamic drag, thereby improving fuel efficiency. They also allow for more design flexibility to integrate antennas within the aircraft structure. With growing aircraft modernization programs worldwide, the demand for 3D printed antennas from the aerospace industry is expected to rise substantially over the forecast period.
Segment Analysis
The global 3D printed antenna market is dominated by the consumer electronics segment. 3D printed antennas are increasingly being used in smartphones, tablets, laptops and other consumer devices due to their ability to conform to device surfaces, allowing innovative device designs. The high demand for smartphones and tablets is driving significant opportunities for 3D printed antennas in the consumer electronics segment.
Key Takeaways
The global 3D printed antenna market is expected to witness high growth. 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.
Asia Pacific region dominates the 3D printed antenna market and is expected to maintain its dominance during the forecast period owing to the large presence of electronics and automotive industries in countries such as China, Japan, South Korea and India. These countries have high consumption and production of consumer electronics and automobiles where 3D printed antennas are increasingly being used.
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. held the largest market share in 2020 due to its strong portfolio of 3D printing solutions for antenna applications across various end use industries.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
