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3D printed antennas involve using additive manufacturing techniques to produce antennas with complex geometries. These antennas can be customized as per specific frequency ranges and network requirements. They offer benefits such as reduced size, customized directivity, multifunctionality, and decreased costs of production. They find widespread usage in technologies such as Wi-Fi, GPS, Bluetooth, wireless chargers, and 5G networks.
The 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 Dynamics:
Increasing investments in 5G infrastructure across the world represents a major driver for the 3D printed antenna market. 5G requires a large number of low-cost, compact antennas that can be embedded in various devices efficiently. 3D printing allows for mass production of such antennas. Additionally, the growing adoption of IoT devices ranging from smartphones to industrial machinery is fueling the need for compact, high performance antennas. 3D printing addresses this need by facilitating Production of fractal, multi-band antennas with optimized radiating properties.
Segment Analysis
The 3D printed antenna market can be segmented into technology, industry vertical, and geography. Based on technology, the market can be bifurcated into multimaterial and single material 3D printed antennas. The multimaterial 3D printed antennas segment currently dominates the market and is expected to continue its dominance over the forecast period. This is because multimaterial 3D printed antennas offer flexibility in attaining complex antenna designs with materials having varying dielectric properties, which provides enhanced directivity and efficiency to antennas.
PEST Analysis
Political: Supportive government regulations for additive manufacturing across regions will boost the 3D printed antenna market. For instance, the US government provides funding for 3D printing R&D activities.
Economic: The rising demand for wireless connectivity solutions from industries will propel the economic growth of the 3D printed antenna market.
Social: Increasing R&D investments by manufacturers to develop advanced customized antennas as per consumer needs will fuel the social factor.
Technological: Developments in 3D printing technologies such as multi-material 3D printing enable printing of complex antenna designs with better electromagnetic properties.
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. The major players are focusing on new product launches at competitive pricing and strengthening their distribution networks across global locations to gain maximum market share.
Key Takeaways
The global 3D printed antenna market is expected to witness high growth, exhibiting a CAGR of 16% over the forecast period, due to increasing demand for high-frequency antennas for applications such as IoT and autonomous vehicles. Regionally, North America is expected to dominate the market over the forecast period favored by the rising investments in 3D printing R&D and adoption of additive manufacturing technologies across industries in the region.
The Asia Pacific region is expected to be the fastest growing market for 3D printed antennas evolving at a CAGR of over 18% due to the increasing government initiatives in countries such as China, India, and Japan to support innovative technologies like 3D printing adoption across industries.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
