The global automotive smart antenna market value is predicted to increase from US$ 6,643.2 million in 2023 to US$ 15,754.6 million by 2033. By 2033, global demand for automotive smart antennas is projected to surge at a CAGR of 9.1%. Automotive smart antennas are witnessing higher demand from diverse automobile sectors, and the trend is expected to continue through 2033.
The automotive smart antenna market refers to the sector within the automotive industry that focuses on the development, production, and integration of advanced antenna systems in vehicles for communication, connectivity, and safety applications. These smart antennas leverage sophisticated technologies to enhance wireless connectivity, improve signal reception, and enable various features such as satellite navigation, cellular connectivity, Wi-Fi hotspot capabilities, and vehicle-to-everything (V2X) communication.
Market drivers for automotive smart antennas include:
Increasing Demand for Connected Vehicles: Growing consumer demand for seamless connectivity and advanced infotainment features is driving the adoption of smart antennas in vehicles.
Rising Vehicle Electrification and Automation: Electric vehicles (EVs) and autonomous vehicles rely heavily on communication systems for real-time data exchange, necessitating advanced antenna solutions.
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Regulatory Mandates and Safety Standards: Governments worldwide are implementing regulations mandating the inclusion of safety-critical features such as V2X communication systems, boosting the demand for smart antennas.
Technological Advancements: Ongoing advancements in antenna design, RF technologies, and signal processing algorithms are improving the performance, efficiency, and reliability of smart antennas.
Partnerships and Collaborations: Automotive manufacturers are collaborating with technology providers and telecom companies to develop and deploy smart antenna solutions tailored to their specific vehicle platforms and connectivity requirements.
Key Takeaways from the Automotive Smart Antenna Market Report-
- The global market for automotive smart antennas is projected to thrive at a 9.1% CAGR through 2033.
- By vehicle type, the passenger car segment is expected to total a valuation of US$ 3,784.2 million by 2033.
- By sales channel, the OEM segment is set to hold a market share of 85.9% in 2023.
- East Asia is expected to account for a significant share of about 40.6% in 2033.
- The United States market value is anticipated to reach US$ 1,137.3 million by 2033.
- China is projected to attain a valuation of US$ 2,208.6 million by 2033.
- Demand in Japan is predicted to rise at a 9.0% CAGR through 2033.
“The automotive smart antenna market is poised to witness healthy growth due to the escalating demand for reliable connectivity solutions, requirement of enhanced in-car entertainment, real-time navigation, demand for connectivity for telematics services, and rising popularity of autonomous vehicles across several vehicle types.” – says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape
TE Connectivity, Continental AG, Laird Connectivity, Harada, Yageo Corporation, and TDK Corporation are the leading manufacturers in the automotive smart antenna market profiled in the full version of the report.
Key players are focusing on strategic partnerships with automotive manufacturers to provide cost-efficient solutions to consumers. They are also investing in developing new products and expanding innovations on the existing ones to meet end-user demand.
Recent Developments-
- In August 2023, TE Connectivity acquired Schaffner to boost its growth and diversification.
- In July 2022, Linx Technologies was acquired by TE Connectivity.
- In July 2022, Maruti Suzuki announced the launch of a new Hyryder-based SUV called Vitara in India. The car is equipped with an antenna shaped like a shark fin.
- In May 2022, Hyundai launched a new variant, Business Edition, of the existing midsize sedan Grand i10 Nios, with a shark fin antenna.
- In October 2022, Robert Bosch invested US$ 260 million to expand electrified product manufacturing at its North Charleston facility.
More Insights into the Automotive Smart Antenna Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global automotive smart antenna market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.
The study incorporates compelling insights on the automotive smart antenna market based on frequency (ultrahigh frequency, very high frequency, microwaves), vehicle type (passenger car, LCV, HCV, electric vehicle), product type (cellular antenna, GPS antenna, Wi-Fi antenna, Bluetooth antenna, others), application (exterior, interior), sales channel (OEM, aftermarket), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa)
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Automotive Smart Antenna Market Segmentation
By Frequency:
- Ultra High Frequency
- Very High Frequency
- Microwaves
By Vehicle Type:
- Passenger Car
- LCV
- HCV
- Electric Vehicle
By Product Type:
- Cellular Antenna
- GPS Antenna
- Wi-Fi Antenna
- Bluetooth Antenna
- Others
By Application:
- Exterior
- Interior
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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