USD 18.35 Billion
Report ID:
SQMIG25A2317 |
Region:
Global |
Published Date: October, 2024
Pages:
220
|Tables:
88
|Figures:
73
Automotive Smart Antenna Market size was valued at USD 2.52 Billion in 2023 and is poised to grow from USD 2.8 Billion in 2024 to USD 6.4 Billion by 2032, growing at a CAGR of 10.92% during the forecast period (2025-2032).
Rapidly surging demand for better connectivity technologies in vehicles and advancements in antenna technologies are expected to bolster the sales of automotive smart antennas in the future. Growing emphasis on the development of intelligent transportation systems and the rising number of smart city projects are promoting the demand for smart antennas capable of handling vehicle-to-everything communications. Growing demand for connected vehicles around the world and increasing emphasis on enhancing vehicle safety are also expected to favor the global automotive smart antenna market growth over the coming years. Surging investments in the research and development of autonomous technologies around the world are also expected to indirectly favor sales of automotive smart antennas in the long run. On the contrary, high costs of smart antennas, complexity in integration, data privacy and security concerns, and shortage of electronics and semiconductors are major restraints for automotive smart antenna providers across the study period and beyond.
Global Market Size
USD 18.35 Billion
Largest Segment
Passenger Car
Fastest Growth
Heavy Commercial Vehicles
Growth Rate
6.5% CAGR
To get more reports on the above market click here to Buy The Report
Global Automotive Smart Antenna Market is segmented by Type, Component Type, Frequency, Vehicle Type, Electric Vehicle, Sales Channel, and Region. Based on Type, the market is segmented into Shark-Fin, Fixed Mast. Based on Component Type, the market is segmented into Transceiver, Electronic Control Unit (ECU), Others. Based on Frequency, the market is segmented into High, Very High, Ultra High. Based on Vehicle Type, the market is segmented into Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV). Based on Electric Vehicle, the market is segmented into Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV). Based on Sales Channel, the market is segmented into OEM, Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Frequency
Ultra-high frequency (UHF) antennas are projected to account for a dominant global automotive smart antenna market share over the coming years. The ability of these antennas to support a wide variety of automotive applications is expected to help it maintain its dominance. Extensive use of UHF antennas for navigation, infotainment, and connectivity systems within modern vehicles is expected to boost revenue generation for automotive smart antenna providers focusing on this segment. Preference for ultra-high frequency and recommendation of the same from regulatory authorities are also estimated to support the sales of UHF antennas in the long run.
On the other hand, the very high frequency (VHF) segment is emerging as the fastest-growing segment in the global automotive smart antenna industry. VHF antennas are expected to be highly important in connected vehicles and vehicle-to-infrastructure (V2I) communication. Superior signal processing capability, adoption of advanced communication technologies, and need for longer range connectivity are estimated to create new opportunities for automotive smart antenna companies via this segment in the long run. Increasing efforts of connectivity technology providers and automotive manufacturers to promote adoption of very high frequency are also slated to bolster revenue generation going forward.
Analysis by Vehicle Type
Passenger cars are forecasted to account for a dominant share of the global automotive smart antenna industry. Growing use of advanced infotainment systems and need for better connectivity for the same are expected to help passenger cars lead sales of automotive smart antennas. Increasing consumer demand for advanced communication and connectivity capabilities for advanced safety and navigation systems is also forecasted to promote the adoption of automotive smart antenna in passenger cars over the coming years. Evolving consumer preferences, rising disposable income, and changing living standards are also expected to indirectly impact the demand for automotive smart antenna in passenger cars going forward.
Meanwhile, the demand for automotive smart antennas in heavy commercial vehicles is estimated to rise at a notable pace across the forecast period and beyond. Growing demand for better tracking and telematics solutions for heavy commercial vehicles covering long distances is expected to boost sales of automotive smart antennas going forward. Imposition of stringent regulations mandating the use of advanced telematics for heavy commercial vehicles is also slated to benefit market growth via this segment. Growing use of advanced driver assistance and safety systems in heavy commercial vehicles such as lane assist and driver drowsiness detection are also slated to bolster the adoption of automotive smart antenna.
To get detailed analysis on other segments, Request For Free Sample Report
The Asia Pacific region is estimated to emerge as the dominant region in the global automotive smart antenna industry. Presence of leading automotive manufacturers, growing sales of vehicles, and evolving consumer preferences are expected to bolster the sales of automotive smart antenna in this region. Rising demand for advanced infotainment and navigation systems is also forecasted to create new opportunities for automotive smart antenna providers in the Asia Pacific region. Japan, South Korea, China, and India are home to some of the leading automotive manufacturers in the world thereby making them unmissable markets for automotive smart antenna suppliers.
Meanwhile, North America is expected to account for the second-largest share of the global automotive smart antenna market going forward. Rapid adoption of advanced connectivity technologies, growing investments in autonomous vehicle technologies, and growing demand for connected vehicles are offering new business scope for automotive smart antenna companies operating in this region. Rising use of 5G technology and the of prominent automotive manufacturers are also expected to promote the sales of automotive smart antennas in this region. Canada and the United States are slated to emerge as the most opportune markets in the North American region through 2031.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Demand for Better Connectivity Features in Vehicles
High Use of 5G Connectivity in Automotive Industry
Restraints
High Cost of Implementation
Data Security and Privacy Concerns
Request Free Customization of this report to help us to meet your business objectives.
Automotive smart antenna companies should focus on providing connectivity via all types of advanced technologies to maximize their business scope. Developing automotive smart antennas capable of enabling autonomous driving technology can also help companies boost their revenue generation potential. Europe, Asia Pacific, and North America are slated to be the most rewarding regional markets for automotive smart antenna providers in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, high emphasis on vehicle safety and rising sales of premium and luxury vehicles are projected to drive up the demand for automotive smart antenna. However, supply chain disruptions and high costs of integration and development are slated to slow down sales of automotive smart antenna in the future. The Asia Pacific region is forecasted to spearhead the global automotive smart antenna market growth owing to the presence of key automotive manufacturers and rising vehicle sales. Developing affordable automotive smart antenna and integrating them with ADAS are slated to be key opportunities for automotive smart antenna companies in the future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.24 billion |
Market size value in 2031 | USD 5.77 billion |
Growth Rate | 10.92% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Smart Antenna Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Smart Antenna Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Smart Antenna Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Smart Antenna Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25A2317
sales@skyquestt.com
USA +1 351-333-4748