Inkwood Research estimates that the global laser direct structure antenna market, valued at $417.84 million in 2019, is expected to reach $1246.45 million by 2025, projecting a CAGR of 20.06% during the forecast period. The base year considered for the market study is 2019. The forecasted period is between 2020-2025.

The global laser direct structure antenna market growth is boosted by the following factors:

• Rising demand for miniaturization in the consumer electronics industry
• Growing demand for devices with higher antenna ranges and IOT

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With the wave of the connected ecosystem, improved antenna facilities for laptops, tablets, and ultra-books are anticipated to be instrumental in augmenting the growth of the market. The gaming console and AR/VR markets have also observed a significant adoption of the LDS antenna. This strong growth of the AR/VR market and increased sales of gaming consoles, during the forecast period, is expected to augment the growth of the connected devices, and hence, the studied market too. The increasing health concerns are also forcing the consumers to adopt smartwatches, which is further expanding the customer base. Notable watch manufacturers, such as Garmin, Fitbit, Armani, etc., have all released new smartwatches to cater to the growing demand, while leading OEMs, like Fitbit and Apple, are offering smartwatches with advanced capabilities.

In 2019, the dominating end-user segment was consumer electronics in terms of revenue in the global laser direct structure antenna market with around 61.48% of market share. LDS antennas are extensively used in wearables, gaming consoles, smartphones, laptops, tablets, and accessories. Smartwatches are witnessing widespread adoption and recognition, with leading vendors actively investing in developing newer and more compact watches, with better hardware when compared to the previous iteration. Wearables such as smartwatch also help parents in keeping track of their kids, along with giving them reminders, just like a personal assistant.

The automotive segment is anticipated to grow at the highest CAGR of around 25.37% during the forecast period.  Many important automotive applications are utilizing laser direct structuring of 3D MIDs to increase reliability and reduce weight. Modern automobiles have a lot of electronic components in them. LDS is finding major applications in advanced driver-assistance systems (ADAS) for self-driving cars. The demand for ADAS is expected to increase, primarily fuelled by regulatory reforms and consumer interest in safety applications that reduce accidents and protect drivers.

On the other hand, the global laser direct structure antenna market growth is restricted by manufacturing complexity and lack of awareness associated with molded interconnect devices (MID). There is a lack of higher technological expertise as well as a lack of awareness, limiting the widespread adoption of LDS technology. Vendors offering MID products are limited, which are some major factors challenging the studied market growth over the forecast period. In comparison to other processes, LDS is considered as the better method, though there is a need for development, especially regarding the accuracy, quality, as compared to the 2D and 3D normal and micro products, especially with the limited or decline in information for scientific research and industry.

The report on the global laser direct structure antenna market covers the segmentation analysis of end-user.

Market by End-user:

• Healthcare
• Consumer Electronics
• Automotive
• Networking
• Other

Geographically, the global laser direct structure antenna market has been segmented into four major regions:

• North America: the United States and Canada
• Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
• Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
• Rest of World: Latin America, the Middle East & Africa

In 2019, Asia Pacific captured the largest market share of 50.88% in terms of revenue, and is also anticipated to be the fastest-growing region with a CAGR of 21.89% during the forecast period. Asia Pacific region has the highest market for consumer electronics across the world. Companies, such as Samsung, are launching new products to gain a competitive edge. For instance, the company launched its next generation smart wearable devices, the Gear Sport and the Gear Fit 2 Pro.  The growth is mainly driven by the growing disposable income in economies and the presence of highly populated countries, such as India, China, and Japan. Wearable medical devices are taking hold across the countries, transforming healthcare by facilitating personalization and convenience.

Some of the eminent players in the global laser direct structure antenna market are:

• Taoglas Limited
• Molex LLC
• Lpkf laser & Electronics AG
• TE Connectivity Ltd
• Others

In March 2019, Taoglas launched Taoglas iDAS antennas designed for use in iDAS to increase constant indoor connectivity.

Key findings of the global laser direct structure antenna market are:

• The Asia Pacific region leads the global laser direct structure antenna market by capturing the largest market share of around 50.88% in 2019.
• Smartwatches are propelling the demand for laser direct structure antennas.
• China is both a huge market for the IoT and a major supplier of the component technologies.