Automotive Smart Antenna Market Expected to Expand Significantly by 2032, Driven by Increased Auto Manufacturing and Growing Demand for Electric Cars

As per the report published by FMI, the global automotive smart antenna market is projected to have a rapid-paced CAGR of 12.2% during the forecast period. The current valuation of the market is US$ 3.94 Billion in 2022. The market value of automotive smart antennas is anticipated to reach a high of US$ 12.45 Billion by the year 2032. The base year recorded a valuation of US$ 3.44 Billion.

The automotive smart antenna is anticipated to play an integral role in establishing communication to enhance the safety and performance of the vehicles. This product is allowing original equipment manufacturers (OEMs) to fulfill customer requirements for infotainment services.

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An expert analyst reveals that 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 while analyzing the automotive smart antenna market.

According to the findings of Future Market Insights, smart antennas are expected to reduce the overall costs and weight of automobiles with the benefits of easier cable routing and reduced cable length, without affecting the overall design of the automotive since they are completely invisible. Improvised connectivity in automobiles is enhancing the user’s experience such as a stronger interface community, active steering, and improved connectivity.  Therefore, the automotive smart antenna market is likely to have a significant rise in demand during the estimated period.

FMI has analysed that automotive smart antennas are becoming the most pivotal component of position location systems and they are also crucial in telematics devices, allowing easy detection of locations. However, the lack of developed infrastructure in some developing countries may create a barrier to wireless technology and in-vehicle connectivity, hampering the progression of the automotive smart antenna in the coming years.

Key Takeaways from the Automotive Smart Antennas Market

  • Asia Pacific region is projected to dominate the global automotive smart antenna market with a market valuation of US$ 4,394.07 by 2032.
  • The current market valuation for automotive smart antennas stands at US$ 3.94 Billion in 2022.
  • The automotive smart antenna market is anticipated to record a CAGR of 12.2% during the period 2022-2032.
  • Passenger Vehicles segment is identified to be the largest adopter of automotive smart antennas.

The rising concern about traffic congestion and the increasing demand for dashboard features are likely to create lucrative growth opportunity for the market players of the automotive smart antennas market.” – Says an FMI Analyst

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Competition Landscape in the Automotive Smart Antennas Market 

The market can be described as a competitive market. The key companies have adopted several strategies to broaden their customer base worldwide. Furthermore, the manufacturers are indulging in several growth strategies with frequent innovation of smart automotive smart antennas to provide consumers with a seamless, safe, and comfortable experience.

Ace Technologies Corp., Antenova Ltd., Beijing BDStar Navigation Co. Ltd., Calearo Antenne SPA, Continental AG, Harada Industry Co. Ltd., INFAC Corp., INPAQ Technology Co. Ltd., Koch Industries Inc., Lorom Industrial Co. Ltd., LS MTRON Ltd., Panasonic Corp., Samsung Electronics Co. Ltd. are some of the key players in the market.

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

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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

Recent Developments in the Automotive Smart Antennas Market:

  • In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and announced to launch of the Revie Flex 700 flexible PCB antennas. This product is launched to accelerate the development of wireless products for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would help the company to enhance its product portfolio and increase its revenue in the near future.
  • 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 January 2019, Hella showcased its sensible and protected mobility options at the North American International auto exhibit which is the greatest motor exhibit in the USA.
  • In 2018, Hirschman Car Communication/TE Connectivity has introduced its Remote Tuner Module the subsequent step in vehicles’ radio technology.
  • In 2018, Hella launched its new joint project with the business enterprise BHAP, offering digital components, as HELLA BHAP Electronics Co., Ltd. • In September 2018, Airgain, Inc. launched OptumX antenna, a shot-glass MIMO LTE antenna.
  • In September 2018, Airgain, Inc. launched MULTIMAX FV 5-in-1 & 6-in-1 antennas.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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