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Chip Antenna Market Worth 2.99 Billion USD by 2022PUNE, India, September 26, 2016 /PRNewswire/ -- According to a new market research report "Chip Antenna Market by Product Type (Dielectric Chip and LTCC Chip), Application Type (WLAN/WiFi, Bluetooth/BLE, Dual Band/Multi-Band, and GPS/GNSS), End-User Industry (Automotive, Healthcare, and Industrial & Retail) - Global Forecast to 2022", published by MarketsandMarkets, the market was valued at USD 1.28 Billion in 2015 and is expected to be worth USD 2.99 Billion by 2022, rowing at a CAGR of 13.1% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 77market data Tables and 50 Figures spread through 154 Pages and in-depth TOC on "Chip Antenna Market" http://www.marketsandmarkets.com/Market-Reports/chip-antenna-market-154243322.html The key factor driving the global chip antenna market is the rising demand for consumer electronic devices such as smartphones, wearables, and gaming consoles that use chip antennas for wireless communication. Market growth is also driven by the demand for these antennas in the industrial sector, which has been triggered by the increasing use of wireless technology for machine-to-machine communication in manufacturing industries. The smart grid/smart home segment is expected to grow at the highest CAGR between 2016 and 2022 The smart home/smart grid segment of the Chip Antenna Market is expected to grow at the highest CAGR between 2016 and 2022. Chip antennas are used in automated devices in smart homes, which are connected to wireless communication structures such as Bluetooth and WLAN. The growing demand for smart home automated devices across the globe is expected to boost the chip antenna market. The market for the LTCC chip antennas would grow at the highest CAGR between 2016 and 2022 The market for LTCC-based chip antenna systems is expected to witness the highest growth, owing to the benefits offered by LTCC chip antennas, sch as very small dimension and low cost compared to dielectric chip antennas. The growing demand for wireless applications such as Bluetooth, dual band/multi-band, GPS, and WLAN in different end-user industries will likely drive the demand for LTCC chip antennas during the forecast period. APAC currently leads the chip antenna market in terms of market size APAC held the largest share of the chip antenna market in 2015. This can be attributed to the growing demand for consumer electronic devices such as smartphones, tablets, and wearables in the region. China is the largest automotive manufacturer in the world; the prospective use of chip antennas for wireless communication in automotive telematics applications such as navigation, vehicle tracking, and others is contributing in the growth of the chip antenna market in the APAC region. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=154243322 The companies that are profiled in the report are Johanson Technology, Inc. (U.S.), Mitsubishi Materials (Japan),Yageo Corporation (Taiwan), Vishay Intertechnology, Inc. (U.S.)., Fractus S.A. (Spain), Antenova M2M (U.K.), Taoglas (Ireland), Linx Technologies (U.S.), Fractus Antenna S.L. (Spain), Pulse Electronics (U.S.), Inpaq Technology Co., Ltd. (Taiwan), and Partron Co., Ltd. (South Korea). Browse Related Reports Distributed Antenna Systems Market for Equipment & Services by Coverage (Indoor, Outdoor), Ownership, Vertical (Public Venues, Transportation, Airports, Industrial, Hospitality, Healthcare & Others), and Geography - Forecast to 2020 Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". 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