Microstrip Antenna Market
The market for Microstrip Antenna was estimated at $1.7 billion in 2024; it is anticipated to increase to $2.5 billion by 2030, with projections indicating growth to around $3.4 billion by 2035.
Global Microstrip Antenna Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Microstrip Antenna industry revenue is expected to be around $1.8 billion in 2025 and expected to showcase growth with 6.7% CAGR between 2025 and 2034. They are reshaping the fields of telecommunications, defense, space exploration and consumer electronics due to their design versatile frequency range and seamless integration, with circuit components.
The Microstrip antenna is known for its size and robust construction while delivering high performance in communication systems. It functions by transmitting energy between points and plays a role, in enabling wireless data transfer.
Market Key Insights
- The Microstrip Antenna market is projected to grow from $1.7 billion in 2024 to $3.2 billion in 2034. This represents a CAGR of 6.7%, reflecting rising demand across Communication Devices, Satellite Broadcasting and Radars and Navigation Systems.
- Hirose Electric Co. Ltd, AirNet Communications Corporation, Comba Telecom Systems Holdings Ltd are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Microstrip Antenna market and are expected to observe the growth CAGR of 4.4% to 6.4% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.7% to 9.2%.
- Transition like Shift Towards 5G Connectivity has greater influence in United States and China market's value chain; and is expected to add $94 million of additional value to Microstrip Antenna industry revenue by 2030.
- The Microstrip Antenna market is set to add $1.5 billion between 2024 and 2034, with manufacturer targeting Spacecraft & Aircraft Application projected to gain a larger market share.
- With Rising demand for wireless communication, and Advancements in 5g technology, Microstrip Antenna market to expand 91% between 2024 and 2034.