July 25, 2024
Ict

Rising demand for miniature electronic devices to drive the growth of the Global 3D Printed Antenna Market

The 3D printed antenna market includes antennas that are manufactured using 3D printing technology. 3D printing helps in manufacturing miniature antennas in complex shapes and designs which were otherwise not possible with traditional manufacturing techniques. 3D printed antennas have advantages such as lightweight, low production cost, customization, and ability to produce complex geometries. They find applications in smartphones, laptops, tablets, drones, healthcare devices and IoT devices where size and shape of the antenna is an important factor. Growth in demand for these consumer electronic devices is expected to drive the demand for 3D printed antennas over 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:
Development of multi-material 3D printed antennas is a key trend gaining popularity in the market. Multi-material 3D printing allows antennas to be printed with different materials like resin and conductive paste together. This helps producing antennas with different conductive and non-conductive parts integrated into single structure. Another trend is the development of 4D printing technology which allows antennas to transform their shape overtime without external stimuli in response to changes in temperature, moisture or electric signals. This technology is still in development stage but holds promising prospects for future generation antennas.

Porter’s Analysis:
Threat of new entrants: The threat of new entrants is moderate in the 3D printed antenna market. The requirements for setting up a manufacturing unit and R&D are high which discourages new players from entering.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of numerous players offering 3D printed antennas. Buyers can negotiate on price and demand customized solutions.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. The market comprises raw material suppliers and specialized 3D printing service providers. Suppliers have limited influence over prices due to availability of substitute materials and services.

Threat of new substitutes: The threat of new substitutes is low. 3D printing provides design flexibility and customized solutions which are difficult to substitute.

Key players: 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., Optomec Inc. and 3D Systems Corporation are identified as the top players holding major share of the global market.

Key Takeaways:
The global 3D printed antenna market is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing adoption across aerospace & defense and consumer electronics industries.

Regional analysis: North America is expected to dominate the 3D printed antenna market owing to presence of major players and adoption across various end-use industries such as aerospace & defense and consumer electronics in the US and Canada. Asia Pacific is anticipated to exhibit fastest growth rate during the forecast period with China and India emerging as highly lucrative countries.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it