Liquid Crystal (LC) Antenna Industry worth $12.3 million by 2028
The report "Liquid Crystal (LC) Antenna Market by Type (Electronically Steered Phase Array Antenna, Metasurface-based Antenna)- Global Forecast to 2028" The LC Antenna Market is expected to reach USD 12.3 million by 2028 from USD 9.1 million in 2023, at a CAGR of 6.2% during the 2023–2028 period.
Browse 18 market data Tables and 22 Figures spread through 68 Pages and in-depth TOC on "Liquid Crystal (LC) Antenna Market by Type (Electronically Steered Phase Array Antenna, Metasurface-based Antenna)- Global Forecast to 2028"
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The major factors driving the market growth of the LC antenna market include rising application in automotive sector and growing use of LC antennas in satellite applications. Additionally, the increasing deployment of LC antennas in IoT networks provide growth opportunities to the market players.
Electronically steered phased array antenna is expected to account for the largest market size of the LC antenna market during the forecast period.
Electronically steered phased array antennas can orient the main beam in a specific direction without physically moving the antenna structure. This enables swift and accurate tracking of targets or communication with multiple devices without requiring adjustments to the antenna's physical position. Moreover, these antennas are adaptable and can modify their beamforming attributes. Therefore, the increasing need for accuracy in the beam steering function without any change in the antenna’s physical position drives the market growth of electronically steered phased array antenna.
The report profiles key players such as Merck KGaA (Germany), Kymeta Corporation (US), ALCAN Systems GmbH i.L. (Germany), and Spatialite Antenna Systems (Latvia).
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