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3D printed antennas are lighter in weight and can be customized as per the requirement easily which makes them highly suitable for applications across various industries like automotive, aerospace & defense, healthcare and others. 3D printed antennas offer advantages like multi-band operation, customized directivity, improved gain and efficiency over conventional antennas. They provide design flexibility to optimize antenna performance for specific applications. The automotive industry is increasingly adopting 3D printed antennas for applications in autonomous and electric vehicles due to their lightweight and customize-ability.
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.
Market key trends:
The key trend gaining traction in the 3D printed antenna market is the development and use of novel materials for printing antennas. Materials like PLA, ABS, ceramic and liquid crystal polymer offering properties like high frequency operation, heat resistance and lightweight are being increasingly used for printing antennas customized for specific frequency ranges. Antenna manufacturers are also focusing on reducing the cost of 3D printed antennas through technological advancements, use of recyclable materials and scaling up production volumes. This will help drive the adoption of 3D printed technology for antenna manufacturing across different industries over the coming years.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as 3D printing technology requires high initial investment in R&D, manufacturing, and distribution.
Bargaining power of buyers: The bargaining power of buyers is high as the market has several buyers and the products are differentiated. Buyers can easily switch between vendors.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials used in 3D printing and they are not dependent on a single buyer.
Threat of new substitutes: The threat of substitutes is medium as other additive manufacturing technologies like selective laser sintering provides alternative solutions.
Competitive rivalry: The competitive rivalry is high due to presence of many global and regional players offering differentiated products.
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.
Regional analysis comprises the market in North America region is expected to dominate the global market. USA holds majority of the share owing to early adoption of technologies and presence of key players in the region. Asia Pacific region is expected to witness fastest growth rate during the forecast period with countries like China, Japan and India adopting 3D printing technologies at higher rate.
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. Key players are focusing on new product launches and mergers & acquisitions to gain competitive edge in the market. For instance, in 2021 Optisys LLC introduced customizable 3D printed antennas for defense applications.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
