Automotive smart antennas have versatile applications in the automotive industry. They enable seamless communication, infotainment, and navigation services in connected vehicles. Key features of the automotive smart antenna market include multi-band support, beamforming, and MIMO technology, ensuring superior connectivity even in challenging environments. Smart antennas provide reliable GPS reception, enhance cellular connectivity, and support V2X communication for advanced driver-assistance systems and autonomous driving. With their ability to optimize signal strength and reduce interference, automotive smart antennas play a crucial role in enhancing vehicle safety, entertainment, and overall driving experience.
According to Data Bridge Market Research, the Global Automotive Smart Antenna Market is accounted for USD 3.06 billion by 2021 and is expected to reach USD 9.55 billion by 2029. The market is expected to grow with a CAGR of 15.30% in the forecast period of 2022 to 2029.
“Increased vehicle production boosts the market’s growth”
The automotive smart antenna market experiences growth due to increased vehicle production. As the automotive industry expands, the demand for advanced connectivity features rises, driving the adoption of smart antennas. These antennas offer improved connectivity, enhanced safety features, and better reception for infotainment systems. With the growing preference for smart and connected vehicles, automotive manufacturers are incorporating smart antennas into their vehicles, leading to market growth and the integration of cutting-edge technology in the automotive sector.
What restraints the growth of the global automotive smart antenna market?
“Inadequate awareness among consumers restraints the market’s growth”
The automotive smart antenna market growth faces challenges due to inadequate awareness among consumers and manufacturers. Many potential users are unaware of the benefits and functionalities that smart antennas offer, leading to slower adoption rates. Moreover, manufacturers may hesitate to invest in smart antenna technology due to limited awareness of its advantages and uncertain market demand.
Segmentation: Global Automotive Smart Antenna Market
The global automotive smart antenna market is segmented on the basis of component, frequency, and vehicle type.
- On the basis of frequency, the automotive smart antenna market is segmented into high frequency, ultra high frequency, and very high frequency.
- On the basis of the component, the automotive smart antenna market is segmented into transceivers, electronic control unit, wiring harness, and others.
- On the basis of vehicle type, the automotive smart antenna market is segmented into ICE vehicle and electric vehicle.
Regional Insights: Asia-Pacific dominates the Global Automotive Smart Antenna Market
Asia-Pacific (APAC) dominates the automotive smart antenna market due to the rise in population and rapid urbanization within the region. As more people move to urban areas and the demand for vehicles increases, the need for smart antennas with advanced connectivity features becomes essential for improved communication and infotainment systems in vehicles.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing demand for connected cars in the region. As consumers seek more advanced and integrated connectivity features in their vehicles, smart antennas play a crucial role in providing seamless communication, navigation, and infotainment services, driving the market's expansion.
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Recent Developments
- In May 2020, Airgain, Inc. has unveiled a new high-power user equipment (HPUE) antenna-modem platform for the First Responder Network Authority (FirstNet) network. The platform utilizes a module from Assure Wireless, enabling enhanced performance for 4G and 5G communications.
- In June 2019, Taoglas has introduced its latest product, the PA.740.A, designed for the 3.5GHz & 4.8GHz NR bands in China, along with additional LTE capabilities. The launch took place at the 2019 MWC Shanghai. With this new antenna, Taoglas aims to cater to customer demands more effectively and enhance its product portfolio, offering improved connectivity solutions for various applications and industries.
The Prominent Key Players Operating in the Global Automotive Smart Antenna Market Include:
- Laird Connectivity (U.S.)
- MD ELEKTRONIK (Germany)
- WISI group (Germany)
- Airgain, Inc. (U.S.)
- Continental AG (Germany)
- Ficosa Internacional SA (Spain)
- SCHAFFNER HOLDING AG (Switzerland)
- TE Connectivity (Switzerland)
- DENSO CORPORATION (Japan)
- HELLA GmbH & Co. KGaA (Germany)
- Calearo Antenne SPA (Italy)
- INPAQ Technology Co., Ltd. (Taiwan)
- Yokowo co., ltd (Japan)
- HARADA INDUSTRY CO., LTD (Japan)
- LOROM INDUSTRIAL CO. LTD. (China)
- Taoglas (Dublin, Ireland)
- KDPOF (Spain)
- STMicroelectronics (Switzerland)
Above are the key players covered in the report, to know about more and exhaustive list of global automotive smart antenna market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Automotive Smart Antenna Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
