Global Printed Antenna Market: Growth Underpinned by Rising Adoption in Defense and Aerospace Industry
Neotech AMT GmbH, Shure Inc., nScrypt Inc., Optomec Inc., Optisys Inc., Cbham plc, GSI Technologies, Mars Antennas & RF System, Texas Instrument Inc., and Thales S.A. are the companies at the forefront of competition in the global printed antenna market, says Transparency Market Research in one of its recent reports.
A report by Transparency Market Research predicts the global printed antenna market to rise at a CAGR of 7.7% between 2017 and 2025. Progressing at this rate, the market is poised to display an opportunity of US$12.87 bn by 2025 increasing from US$6.66 bn in 2016.
Screen Printing Segment Garners Leading Revenue
The segments of the printed antenna market based on printing technology are ink-jet printing, screen printing, flexography printing, gravure printing, and others. The segment of screen printing leads the market in terms of revenue. This is because it uses radio frequency identification technique that allows printing on a large number of substrates such as paper, plastics, metal, ceramic, and others. The capability of screen printing to operate on rough surfaces augments its application for several verticals such as aerospace and defense, commercial sectors, and others. However, the segment of ink-jet printing is estimated to lead in terms of growth as the technology supports digital printing for electrical devices.
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In addition, considerable research and development for improving printing quality and efficiency is set to boost the growth of printed antenna market over the forecast period.
Besides this, printed antenna have widespread application in the telecommunications industry. They form an integral part of several mobile communication devices for facilitating data transmission objectives. The flourishing telecommunications industry in emerging economies such as India, China, and South Korea extends immense growth opportunities for the printed antenna market.