The LC antenna market is estimated to be worth USD 9.1 million in 2023 and is projected to reach USD 12.3 million by 2028, at a CAGR of 6.2% during the forecast period. The increasing adoption of LC antenna in satellite applications is a major factor driving the growth of LC antenna market globally. Moreover, increasing popularity of LC antennas in aerospace applications is also a key factor that contributes to the market growth.
The major players in the LC antenna market with a significant global presence are Merck KGaA (Germany), Kymeta Corporation (US), ALCAN Systems GmbH i.L. (Germany), and Spatialite Antenna Systems (Latvia). The market players have adopted various strategies such as product launches, agreements, and collaborations to strengthen their position in the LC antenna market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing advanced products of LC antennas.
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Merck KGaA (Germany) offers LC antenna technology, licriOn that are extensively used in smart antennas to improve modern data communication. Merck focuses on organic growth strategies such as product launches to strengthen its position in the LC antenna market. For instance, in March 2021, Merck KGaA launched its LC antenna technology, licriOn, an electronically beam-steered smart antenna. These antennas will then be able to connect with stationary and moving satellites.
Kymeta Corporation (US) is a privately owned satellite communication company that offers manufacturing company that offers Kymeta’s Electronically Steered LC Antennas. Kymeta focuses on inorgainc growth strategies such as agreements to strengthen its position in the LC antenna market. For instance, in December 2020, Kymeta Corporation and Hanwha Systems (South Korea) signed an agreement in which Hanwha Systems invested USD 30 million to develop metamaterial-based antenna technology.
ALCAN Systems GmbH i.L. (Germany) is a leading player in the LC antenna market. It offers LC antennas such as ALCAN’s 5G SMART ANTENNAS and Enterprise NSGO Ground Antenna that are used in automotive satellite and enterprise applications. The company focuses on organic growth strategies such as product launches and inorganic growth strategies such as collaborations to expand their share in the LC antenna market. For instance, in March 2022, ALCAN collaborated with AGC Inc. (Japan) to develop transparent LC antennas suitable for indoor mmWave Fixed Wireless Access (FWA).
Spatialite Antenna Systems (Latvia) is a manufacturing company that develops liquid crystal compositions for wireless communications at GHz and THz spectrum. Spatialite Antenna Systems offers LC based Smart Antenna. The company extensively focuses on strengthening its product portfolio associated with LC antennas. The company also focuses on strengthening its distribution capabilities in European countries to capture a substantial market share in the region.
Liquid Crystal (LC) Antenna Market by Type (Electronically Steered Phase Array Antenna, Metasurface-based Antenna)- Global Forecast to 2028
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