Global Automotive Smart Antenna Market Segmentation, By Frequency (High Frequency, Very High Frequency and Ultra High Frequency), Component (Transceivers, Electronic Control Unit, Wiring Harness and Others), Vehicle Type (ICE Vehicle and Electric Vehicle) - Industry Trends and Forecast to 2031
Automotive Smart Antenna Market Analysis
The automotive smart antenna allows original equipment manufacturers (OEMs) to fulfil customer requirements for communication and infotainment services. These type of antennas decline overall cost and weight of the automobile. They require less cable length without affecting the automobile design.
Automotive Smart Antenna Market Size
Global automotive smart antenna market size was valued at USD 4.07 billion in 2023 and is projected to reach USD 12.71 billion by 2031, with a CAGR of 15.30% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Automotive Smart Antenna Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Key Market Players
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Laird Connectivity (US), MD ELEKTRONIK (Germany), WISI group (Germany), Airgain, Inc. (US), 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), KDPOF (Spain) and STMicroelectronics (Switzerland) among others
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Market Opportunities
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Automotive Smart Antenna Market Definition
Automotive smart antenna refers to a vehicle component that either transmits or receives signals from vehicle electronic devices. The antenna allows vehicle electronic control unit (ECU) in taking appropriate actions depending on received signals from vehicle systems. These antennas play an integral role in linking various services such as GPS, radio, mobile communication, and TV, among others.
Automotive Smart Antenna Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Vehicle Production
The increase in the demand for high performance and reliability of automobiles among consumers acts as one of the major factor driving the growth of automotive smart antenna market. The rise in demand for these enhanced vehicles escalate vehicle production.
- Change in Consumer Preferences
The change in the buying preferences of consumers accelerate the market growth. An automotive smart antenna is known to be an integral part of passenger vehicles that offer various comfort features to consumers.
- Increase in Safety Standards
The increase in the vehicle production integrated with an increasing number of safety standards further influence the market. The surge in the integration of smartphones and internet connectivity in vehicles have a positive impact on the automotive smart antenna market.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income extends profitable opportunities to the market players in the forecast period of 2024 to 2031.
Opportunities
Furthermore, increase in demand for luxury cars among population extends profitable opportunities to the market players in the forecast period of 2024 to 2031. Also, surge in investments will further escalate the growth of automotive smart antenna market.
Restraints/Challenges
On the other hand, issues with proper design and infrastructure of the automobiles for providing the safety are expected to obstruct market growth. Also, lack of awareness regarding the antennas is projected to challenge the automotive smart antenna market in the forecast period of 2024-2031.
This automotive smart antenna market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive smart antenna market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive Smart Antenna Market
The COVID-19 had a negative impact on the automotive smart antenna market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive smart antenna market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive smart antenna market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Automotive Smart Antenna Market Scope
The automotive smart antenna market is segmented on the basis of component, frequency and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Frequency
- High Frequency
- Ultra High Frequency
- Very High Frequency
Component
- Transceivers
- Electronic Control Unit
- Wiring Harness
- Others
Vehicle Type
- ICE Vehicle
- Electric Vehicle
Automotive Smart Antenna Market Regional Analysis
The automotive smart antenna market is analyzed and market size insights and trends are provided by country, component, frequency and vehicle type.
The countries covered in the automotive smart antenna market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific (APAC) dominates the automotive smart antenna market because of the rise in the population and rapid urbanization within the region.
North America is expected to witness significant growth during the forecast period of 2024 to 2031 due to the rise in demand for connected cars in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive Smart Antenna Market Share
The automotive smart antenna market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive smart antenna market.
Automotive Smart Antenna Market Leaders Operating in the Market Are:
- Laird Connectivity (US)
- MD ELEKTRONIK (Germany)
- WISI group (Germany)
- Airgain, Inc. (US)
- 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), KDPOF (Spain)
- STMicroelectronics (Switzerland)
Latest Developments in Automotive Smart Antenna Market
- In May 2020, Airgain, Inc. launched their new product, high-power user equipment (HPUE) antenna-modem platform for the First Responder Network Authority (FirstNet) network using a module from Assure Wireless. This platform will enable superior performance for 4G and 5G communications. This will enhance the company’s product portfolio
- In June 2019, Taoglas announced their new product PA.740.A Covering 3.5GHz & 4.8GHz NR bands for China antenna, at the 2019 MWC Shanghai with additional LTE. This will help the company to better meet the customer needs and enhance their product portfolio
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