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3D printed antennas provide beneficial properties such as lightweight and compact designs that allow for space savings which is driving increasing demand from various end use industries such as consumer electronics, automotive, medical and aerospace and defense. 3D printed antenna provide design flexibility to integrate antennas of complex shapes into devices in a cost-effective manner. 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 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.
Antennas are a key component in various electronic devices enabling wireless connectivity and communication. 3D printing provides an innovative method for rapid prototyping and manufacturing of antennas with customizable designs. It allows for fabrication of intricate antenna designs that were previously not possible with traditional manufacturing methods. 3D printed antennas offer advantages such as design customizations, reduced number of parts, integration of electronics and ability to produce complex geometrical shapes. The technology is finding increasing adoption from product designers for development of next generation wireless devices with performance and design requirements.
Market key trends:
One of the key trends in the 3D printed antenna market is the development of multi material 3D printing technology. Multi material 3D printing allows manufacturing of parts utilizing two or more materials such as polymers and conductors in a single print. This enables fabrication of fully embedded antennas with conductive elements incorporated within insulating frames. Major players are focusing on advancing multi material 3D printing technology to facilitate production of complex antennas with customized radio frequencies and integrated electronics in compact form factors. Additionally, there is ongoing research focused on developing new conductive materials such as nanoparticle enriched polymers suitable for 3D printing of antennas with enhanced conductivity. Innovation in 3D printing materials and processes is expected to propel the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Low. The 3D printed antenna market requires significant R&D investments and technical expertise to design and develop advanced antennas through 3D printing technology. This poses entry barriers for new players.
Bargaining power of buyers: Moderate. The market has numerous buyers with varying demand. However, established players offer innovative product quality and specifications.
Bargaining power of suppliers: Moderate. Key raw material suppliers for 3D printed antennas include filament extruders, resin manufacturers, metal powder suppliers etc. Substitute threats are low due to unique advantages of 3D printed antennas.
Threat of new substitutes: Low. 3D printed antennas offer design flexibility, customizability, and higher performance not substitutable by traditional antenna fabrication methods.
Competitive rivalry: High. The market comprises numerous global and local players offering customized solutions. Players compete based on product performance, offerings, and pricing.
Key Takeaways
The global 3D printed antenna market is expected to witness high growth between 2023 and 2030 driven by increased deployment of IoT devices.
Regional analysis: Asia Pacific is expected to be the fastest growing region during the forecast period due to government initiatives and investments to develop advanced wireless infrastructure in countries like China and India. Growing adoption of autonomous technologies will further drive the regional market.
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 Optisys LLC collectively accounted for over 30% share of the global market in 2024.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
