TE Connectivity Sees Chip Antenna Market Grow to $12.38B, Stock Drops 7.9%
TE Connectivity's chip antenna market is projected to grow from USD 2.93 billion in 2025 to USD 12.38 billion by 2035 at a 15.49% CAGR. Despite Q1 net income rising 42% to USD 750 million on 21.7% revenue growth to USD 4.669 billion, shares fell 7.9% due to supply disruptions and higher oil costs.
1. Chip Antenna Market Forecast
TE Connectivity anticipates the global chip antenna market will expand from USD 2.93 billion in 2025 to USD 12.38 billion by 2035, representing a CAGR of 15.49%. Growth drivers include demand for miniaturized components in consumer electronics, automotive systems, IoT devices and healthcare equipment, although design constraints and performance trade-offs may limit expansion.
2. Q1 Results and Market Response
TE Connectivity reported Q1 net income of USD 750 million, up 42% year-over-year, on sales of USD 4.669 billion, a 21.7% increase driven by gains in industrial and transportation segments. Despite these strong fundamentals, shares fell 7.9% over three trading sessions as global supply chain disruptions and rising oil prices weighed on investor sentiment.