Automotive Smart Antenna Market Overview
The global Automotive Smart Antenna Market size was estimated at USD 4.1 billion in 2023 and is projected to reach USD 9.9 billion in 2030 at a CAGR of 13.8% during the forecast period 2023-2030.
The current trend in the automotive industry is geared towards the adoption of smart vehicles, which necessitates a reliable connection. To achieve this need, smart antennas have become instrumental. The automobiles are now fully connected through vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication, thereby enhancing safety and performance. The automotive smart antenna plays an integral role in linking various services such as mobile communication, GPS, TV, radio, and others. By enabling original equipment manufacturers (OEMs) to provide new technological architecture standards, the automotive smart antenna fulfills customer requirements for communication and infotainment services.
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One of the benefits of smart antennas is that they reduce the overall cost and weight of the automobile through easier cable routing and reduced cable length, without affecting the automobile design since it remains completely invisible. For instance, improved connectivity in the automobile enhances the user's experiences such as active steering, stronger interface immunity, and better connectivity. Thus, the new and advanced features are expected to drive the growth of the automotive smart antenna market.
The COVID-19 pandemic, a global phenomenon, had a detrimental impact on the growth trajectory of the automotive industry in the year 2020. As a result of this unprecedented crisis, numerous manufacturing industries were compelled to halt their operations. The intricate web of supply chain management and distribution channels were thrown into disarray, owing to the acute scarcity of raw materials. However, it is heartening to note that the automotive industry is gradually recuperating from the losses incurred during this tumultuous period and is well on the path to introducing high-quality products that are tailor-made to cater to the burgeoning demand from consumers, spanning across various regions of the world.
Delvens Industry Expert's Standpoint
In the contemporary era, the utilization of high-end communication technologies has emerged as a pivotal facet in the automotive industry owing to the shift in customer inclinations. Amongst the various types of antennas employed in the automobile domain, the shark-fin antenna has gained immense popularity. This is primarily due to its ability to execute diverse communication operations such as voice connectivity, mobile data, and asset tracking within the automobile milieu. Furthermore, the installation process of the shark-fin antenna is facile, it exudes an aesthetical appeal, it is reasonably priced, performs exceptionally well, and boasts of an extended lifespan. Additionally, it is noteworthy that the shark-fin antenna was conventionally used in luxury sedans. However, as a result of the burgeoning developments in the automobile market and the decline in the cost of shark-fin antennas, even entry-level cars are now integrating this technology. For instance, in the year 2018, TU Wien, Vienna University of Technology, developed a specialized antenna box that is specifically designed for automobiles. This innovation facilitates better connectivity and is deemed to be a viable solution for wireless requisites in vehicles. It is believed that these novel advancements in the domain of automotive smart antenna will significantly drive the growth of the market.
Key Findings
• On the basis of frequency, the segmentation of the global automotive smart antenna market, predicated on frequency, is characterized by three distinct categories: ultra-high, very high, and high. In the year 2021, the growth of the aforementioned market was particularly noteworthy in the context of the very-high frequency category. The rationale for this can be ascribed to two primary factors: firstly, the ever-increasing concerns surrounding traffic congestion, and secondly, the heightened demand for dashboard features.
• On the basis of vehicle type, the segmentation of the worldwide automotive smart antenna market, based on the type of vehicle, encompasses passenger cars, commercial vehicles, and electric vehicles. As of 2021, the passenger cars category holds the largest share of the global market. It is noteworthy that passenger cars have revolutionized the means of transportation, and have had a significant impact on societies and economies at a global level. In contemporary times, the passenger car has become an indispensable component of modern societies, providing the masses with self-sufficiency and freedom of movement. Approximately fifty percent of the revenue generated from the passenger automobile market is derived from China and the United States, with Europe emerging as a close second. Nevertheless, the electric vehicles segment is the most rapidly expanding global market.
• On the basis of sales channel, the domain of the worldwide automobile smart antenna market is categorized into three major segments, namely, original equipment manufacturer (OEM), original equipment supplier (OES), and independent automotive manufacturer (IAM). As per the market analysis, in the current year of 2021, the original equipment manufacturer (OEM) segment has been leading the market for the automotive smart antenna. This segment is equipped with the advanced technological infrastructure that enables the OEMs to offer innovative and high-end communication services to their customers, thereby, satisfying the ever-evolving needs and requirements of the end-users.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia Pacific region is evidently propelled by a noteworthy upsurge in economic progress, an expanding populace, swift urbanization, and a proliferating number of connected cars.
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Automotive Smart Antenna Market Regional Analysis
Asia pacific to Dominate the Market
• The Asia Pacific region is evidently propelled by a noteworthy upsurge in economic progress, an expanding populace, swift urbanization, and a proliferating number of connected cars.
• It is anticipated that nations such as China will implement a set of rules and guidelines that are aimed at ensuring the safety of both the vehicles and roads. The proliferation of cellular applications and the surge in the need for safety features in automobiles are projected to act as catalysts that will spur the growth of the market for automotive smart antennas in the area.
Automotive Smart Antenna Market Competitive Landscape
• Ficosa International A.
• Continental AG
• Hirschmann Car Communication GmbH
• West Corporation
• Ace Technologies Corp.
• Antenova M2M
• WORLD PRODUCTS INC.
• KATHREIN SE
• Laird
• HELLA GmbH & Co. KGaA
• Robert Bosch GmbH
• TE Connectivity
• Denso
• Yokowo
• Harada
• Schaffner
Automotive Smart Antenna Market Recent Developments
• In January 2022, MGV, a firm that does visualization of electromagnetic waves, and realization of precise and performs tests of antennas and wireless connectivity, announced that it would supply automotive antenna measurement tools to SGS, a testing, and certification firm.
• In September 2021, TE Connectivity, a manufacturer of sensors, antennas, and other connectivity equipment, announced the strategic acquisition of Laird Connectivity which manufactures wireless modules, IoT devices, and antennas.
Automotive Smart Antenna Market Reasons to Acquire
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Automotive Smart Antenna Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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