Automotive Smart Antenna Market: Industry Analysis and Forecast (2024-2030)

Automotive Smart Antenna Market Overview:

An automotive smart antenna is a vehicle component that transmits or receives signals from vehicle electronic devices. It enables the vehicle's electronic control unit (ECU) to respond appropriately to signals received from vehicle systems. The Rise in demand for connected based safety features is one of the key factor boosting the global automotive smart antenna market. Another trend that is expected to fuel the market during the forecast period is the increased penetration of smartphone applications for connected vehicles (2024-2030).

 

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

 

 

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Automotive Smart Antenna Market Drivers:

• Rising automotive vehicle production and fleet are expected to drive the automotive smart antenna market's first fit and after fit markets over the next ten years. Some manufacturers of automotive smart antennas also make hidden automotive smart antennas with tuners that are linked to automotive smart antennas. In the global automotive smart antenna market, this has emerged as a significant trend.
• Increased integration of smartphones and internet connectivity in vehicles is expected to drive the global automotive smart antenna market during the forecast period (2024-2030).
• The increased integration of infotainment systems in vehicles is expected to drive growth in the global automotive smart antenna market. 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 in the current and forecasted years is expected to drive the global automotive smart antenna market in the current and forecasted years.
• Electronic toll collection is widely used around the world to improve infrastructure and speed up vehicle movement. RFID tag antennas are expected to be in high demand over the forecast period (2024-2030).
• Consumer purchasing habits are changing, which is accelerating market growth. An automotive smart antenna is a well-known component of passenger vehicles that provide a variety of convenience features to customers.
• Additionally, rising vehicle safety awareness, as well as the introduction of intelligent vehicle technology and related services, are estimated to shape the global automotive smart antenna market in the coming years (2024-2030).
• Furthermore, the expansion of the automotive sector, surge in investments, and increased disposable income provide profitable opportunities to market participants during the forecasted period  from 2022 to 2029.

 

Automotive Smart Antenna Market Challenges:

• Managing collected data pertaining to radio and signal processing is becoming a challenge for automotive smart antenna manufacturers.
• Furthermore, in developing countries, a lack of developed infrastructure may create a barrier to in-vehicle connectivity and wireless technology, hampered sales of the automotive smart antenna market in the coming years.
• The per capita spend in automotive ancillary per region is the differentiating factor responsible for varied installation and use of automotive smart antennae.

 

Automotive Smart Antenna Market Segment Analysis:

By Vehicle Type, the Global Automotive Smart Antenna Market is segmented into Passenger Cars, Commercial Vehicle, and Electric Vehicle.

 

 

Electric Vehicles - Adoption of Electric Vehicles would provide opportunities to expand the range of related features. The growing demand for relief and comfort would expand the integration of elements such as digital audio and video broadcasting, GPS services, and cell connectivity. The growing acceptance of such features in automobiles will drive up demand for Automotive Smart Antenna.

 

By Components, the Automotive Smart Antenna Market is segmented into Transceivers, ECU, and Others.

ECU - An ECU is a group of digital components that contain pre-programmed and programmable chipsets and are used to control one or more devices in a vehicle. Vehicles are being outfitted with superior points for controlling the communication bridge both internally and externally. The ECU of the Automotive Smart Antenna includes hardware and software programme elements that operate various communication features.

 

By Frequency, the Automotive Smart Antenna Market is segmented into High frequency, Very high frequency, and Ultra high frequency.

Very high frequency - Very high frequency has the largest market share. Furthermore, rising traffic concerns and rising demand for dashboard features are major drivers for the very high frequency segment.

 

Automotive Smart Antenna Market Regional Insights:

Regionally the Automotive Smart Antenna Market is segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.

 

Europe - Due to an increase in demand for autonomous vehicles, Europe is expected to account for a significant share of the global automotive smart antenna market. Europe is home to major original equipment manufacturers as well as tier-1 suppliers, such as Robert Bosch GmbH, Continental AG, and Denso Corporation, all of which have large facilities dedicated to connected vehicle research and development, which is expected to propel the automotive smart antenna market globally.

 

Asia Pacific - Following Europe, Asia Pacific is expected to hold a significant share of the global automotive smart antenna market as vehicle sales increase across the region. The rise in demand for connected vehicles across Asia Pacific is expected to drive the region's automotive smart antenna market. The presence of some major automotive parts manufacturing industries in China, India, and Japan is expected to propel the Asia Pacific automotive smart antenna market.

 

Furthermore, strong economic growth, population growth, rapid urbanisation, and an increase in connected cars are all driving demand for automotive smart antennas in Asia Pacific. Demand for smart antennas in Japan and South Korea is expected to rise over the forecasted period as connectivity-based safety regulations are implemented (2024-2030).

 

Furthermore, as the world's population and vehicle demand grow, countries such as China are expected to implement vehicle and road safety regulations. The region's market for automotive smart antennas is expected to be fueled by the region's expanding cellular applications and rising demand for vehicle safety features.

 

The objective of the Automotive Smart Antenna Market report is to present a comprehensive analysis of the Automotive Smart Antenna market to the stakeholders in the industry. The Automotive Smart Antenna Market report provides trends that are most dominant in the Automotive Smart Antenna market and how these trends will influence new business investments and market development throughout the forecast period (2024-2030). The Automotive Smart Antenna Market report also aids in the comprehension of the Automotive Smart Antenna Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Automotive Smart Antenna market report will assist in understanding which market segments, regions, and factors affecting the market, as well as key opportunity areas, will drive the industry and market growth over the forecast period (2024-2030). The Automotive Smart Antenna Market report also includes the competitive landscape of key industry players, as well as their recent developments in the Automotive Smart Antenna market. The Automotive Smart Antenna Market report investigates factors such as company size, market share, market growth, revenue, production volume, and profits of the market's key players.

 

 

The Automotive Smart Antenna Market report includes Porter's Five Force Model, which aids in the development of market business strategies. The report assists in determining the number of competitors, who they are, and the quality of their products in the Automotive Smart Antenna market. The Automotive Smart Antenna Market report also examines whether it is easy for a new player to gain a foothold in the market, whether they enter or exit the market on a regular basis, whether the market is dominated by a few players, and so on.

 

The Automotive Smart Antenna Market report also includes a PESTEL Analysis to help companies develop their strategies. Political factors can help determine how much a government can influence the Automotive Smart Antenna market. Economic variables help in the analysis of economic performance drivers influencing the Automotive Smart Antenna market. Legal factors aid in understanding the impact of the surrounding environment and the impact of environmental concerns on the Automotive Smart Antenna market.

 

Automotive Smart Antenna Market Scope:

Automotive Smart Antenna Market
Market Size in 2023	USD 5.15 Bn.
Market Size in 2030	USD 13.29 Bn.
CAGR (2024-2030)	14.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Vehicle Type Passenger Cars Commercial Vehicle Electric Vehicles
	By Component Transceivers ECU Others
	By Frequency High frequency Very high frequency Ultra high frequency
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Automotive Smart Antenna Market Key Players

• 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)