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Automotive Smart Antenna Market

Automotive Smart Antenna Market By Frequency (Ultra-High Frequency, Very High Frequency, High Frequency), Component (Antenna, Tuner, Transceivers), Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (OEMs, OESs, IAMs) & Region - Forecast 2022-2032

Market Insights on Automotive Smart Antenna covering sales outlook, demand forecast & up-to-date key trends

Automotive Smart Antenna Market Overview

Automotive smart antenna sales were valued at US$ 3.44 Billion in 2021, and is expected to reach US$ 3.94 Billion in 2022, exhibiting a y-o-y growth worth 14.5%. During the assessment period, the market is forecast to grow at a CAGR of 12.2% to reach a value of US$ 12.45 Billion.

Anticipated Base Year Value (2021)

US$ 3.44 Billion

Expected Market Value (2022)

US$ 3.94 Billion

Projected Forecast Value (2032)

US$ 12.45 Billion

Global Growth Rate (2022-2032)

12.2% CAGR

An automotive smart antenna is responsible for all wireless information pertaining to the vehicle's safety and security. Automotive smart antennas are typically installed in the front under glass, metallic roof, spoiler, or rear bumper of conventional vehicles.

In contrast, in a convertible car, the automotive smart antenna is mounted on the spoiler or deck lid. Through cables or wire, the convectional automotive antenna is linked to informative devices. The automotive smart antenna, on the other hand, is installed without the use of cables or wire bundles. As a result, the signal loss issue has been mitigated.

Automotive smart antennas are pivotal components of position location systems such as GPS systems, and they are also an important component of telematics devices/systems that allow vehicle location to be easily detected.

Which are Some Prominent Drivers Spearheading Automotive Smart Antenna Market Growth?

The gradual increase in the incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in vehicles is expected to drive the global automotive smart antenna market in the current and future years.

Furthermore, rising vehicle safety awareness, as well as the introduction of intelligent vehicles technology and related services, are expected to shape the global automotive smart antenna market in the coming years.

Rising production and fleet of automotive vehicles are expected to drive the first fit and after fit market of the automotive smart antenna market over the next ten years. Some automotive smart antenna manufacturers also produce hidden automotive smart antennas with tuners that are linked to automotive smart antennas. This has emerged as a significant trend in the global automotive smart antenna market.

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What are the Challenges Faced by the Automotive Smart Antenna Industry?

The management of collected data pertaining to radio and signal processing, on the other hand, is becoming a challenge for automotive smart antenna manufacturers. Furthermore, the lack of developed infrastructure in some developing countries may create a barrier to in-vehicle connectivity and wireless technology, hampering sales of the automotive smart antenna market in the coming years.

The differentiating factor responsible for varied installation and use of automotive smart antennae is per capita spend in automotive ancillary per region.

Why is Asia-Pacific Emerging as an Opportunistic Automotive Smart Antenna Market?

Strong economic growth, a growing population, rapid urbanization, and an increase in connected cars are all driving demand for automotive smart antennas in the Asia Pacific. As connectivity-based safety regulations are implemented in Japan and South Korea, demand for smart antennas in these countries is expected to rise over the next five years.

Countries such as China are expected to implement vehicle and road safety regulations as a result of rising population and vehicle demand. The region's market for automotive smart antennas is expected to be triggered by the region's growing cellular applications and increasing demand for safety features in vehicles.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is Europe Contributing to the Growth of the Automotive Smart Antenna Market?

Europe is expected to grow with addressable value share in the global automotive smart antenna market due to rising awareness of intelligent transportation coupled with road safety regulations, primarily in Portugal, Lithuania, Greece, Norway, and Switzerland, which will boost the global automotive smart antenna market in the coming decades.

The automotive smart antenna market is expected to grow in the coming years due to rising GDP growth rates and the development of infrastructure for battery-powered vehicles.

Market Competition

The major vendors in the global automotive smart antenna market are Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).

The demand for communication electronics in vehicles has increased as a result of technological advancements in response to massive disruptive trends such as IoT and connected and autonomous vehicles. As a result, major automotive players have begun to concentrate on hardware and software platforms for in-vehicle and external communications. As a result, there is a greater demand for communication devices such as antennas. As a result, this market has experienced rapid growth in recent years.

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Scope of Report

 

Report Attribute

Details

Growth Rate

CAGR of 12.2% until 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Frequency
  • Component
  • Vehicle Type
  • Sales Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Segments Covered in the Automotive Smart Antenna Report

By Frequency:

  • Ultra-High Frequency Automotive Smart Antenna
  • Very High Frequency Automotive Smart Antenna
  • High Frequency Automotive Smart Antenna

By Component:

  • Automotive Smart Antenna
  • Automotive Smart Tuner
  • Automotive Smart Transceivers

By Vehicle Type:

  • Automotive Smart Antenna for Passenger Cars
  • Automotive Smart Antenna for Light Commercial Vehicles
  • Automotive Smart Antenna for Heavy Commercial Vehicles
  • Automotive Smart Antenna for Battery Electric Vehicles
  • Automotive Smart Antenna for Plug-in Hybrid Vehicles

By Sales Channel:

  • Automotive Smart Antenna Sales through OEMs
  • Automotive Smart Antenna Sales through OESs
  • Automotive Smart Antenna Sales through IAMs

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Automotive Smart Antenna market to expand at a 12.2% value CAGR by 2032.

Asia Pacific is expected to be the most opportunistic Automotive Smart Antenna market.

The major vendors in the global automotive smart antenna market are Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Find your sweet spots for generating winning opportunities in this market.

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Automotive Smart Antenna Market