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TE Connectivity Ltd. and Taoglas Ltd. hold a significant share of over 7% in the situational awareness market. TE Connectivity Ltd. holds a major share in the embedded antenna system market due to its extensive portfolio of high-quality, reliable antenna solutions catering to a wide range of applications across automotive, consumer electronics, and IoT sectors. The company's strong focus on R&D, global manufacturing capabilities, and commitment to innovation enable it to meet the evolving demands of wireless communication technologies effectively.
Taoglas Ltd. commands a significant share in the embedded antenna system market due to its reputation for delivering cutting-edge antenna solutions tailored to diverse applications. The company's focus on innovation, expertise in RF design, and commitment to customer satisfaction have earned it the trust of leading industry players. Taoglas' ability to provide customized antenna designs and reliable performance further solidifies its position in the market.
Major players operating in the industry are:
North America will expand at 15% CAGR up to 2032 due to the strong presence in technological innovation, particularly in the development of IoT, 5G, and smart device ecosystems.
Key companies operating in the market are Taoglas Ltd., TE Connectivity Ltd., Molex, LLC, Antenova Ltd., Kyocera AVX Components Corporation, Yageo Corporation, Abracon LLC among others.
The chip antenna segment captured over 25% of the embedded antenna systems market share in 2023, owing to the compact size, cost-effectiveness, and suitability for small electronic devices like smartphones and wearables.
Industry size for embedded antenna systems was worth USD 5 billion in revenue in 2023 and will grow at a 15% CAGR between 2024 and 2032, due to increasing adoption of IoT devices and connected technologies in various industries along with growing emphasis on smart homes and smart cities.