USD 18.35 Billion
Automotive Smart Antenna Market Size, Share, Growth Analysis, By Type(Shark-Fin, Fixed Mast), By Component Type(Transceiver, Electronic Control Unit (ECU), Others), By Frequency(High, Very High, Ultra High), By Vehicle Type(Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), By Electric Vehicle(Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Sales Channel(OEM, Aftermarket ), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2317 |
Region:
Global |
Published Date: October, 2024
Pages:
220
|Tables:
88
|Figures:
73
Automotive Smart Antenna Market Insights
Global Automotive Smart Antenna Market size was valued at USD 2.24 billion in 2022 and is poised to grow from USD 2.52 billion in 2023 to USD 5.77 billion by 2031, growing at a CAGR of 10.92% during the forecast period (2024-2031).
The automotive industry is now moving towards smart cars whose primary needs are connectivity and having the same smart antennas. Vehicles are fully connected through vehicle-infrastructure-vehicle connectivity to enhance safety and efficiency. Vehicle smart antennas play an important role in connecting various services such as mobile communication, GPS, TV and radio. Increased vehicle production coupled with increasing safety standards has further affected the market. Increasing smartphone integration and internet connectivity in vehicles is positively impacting the automotive smart antenna market. Furthermore, the expansion in the automotive industry, increasing investments and increasing consumption extend opportunities for market players over the forecast period from 2024 to 2031. Moreover, the increasing demand for luxury vehicles in society expands lucrative opportunities for market players. Also, the increase in investments will further increase the growth of the automotive smart antenna market. Vehicle Smart Antennas enable Original Equipment Manufacturers (OEMs) to meet customer needs for connectivity and information and entertainment services by providing innovative technologies and architectural standards.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
ICE Automotive
Fastest Growth
Electric Vehicles
Growth Rate
6.5% CAGR
Global Automotive Smart Antenna Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Automotive Smart Antenna Market Segmental Analysis
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 Vehicle Type
The ICE automotive segment is expected to hold the largest market share, as rising demand for passenger vehicles and increasing disposable income increase the importance of automobiles in developed countries. The internal combustion engine (ICE) vehicle segment plays a dominant role in the automotive smart antenna market, albeit with some unique features and challenges compared to electric vehicles (EVs). As automakers strive to enhance the driving experience and meet consumer demands for connectivity, ICE vehicles incorporate advanced features such as infotainment systems, telematics, in-car Wi-Fi great for improving smart antenna signal reception, reducing interference, and providing seamless connectivity by increasing the data transmission rate, which helps to integrate these features.
Electric vehicles are gaining popularity worldwide with increasing emphasis on sustainable and environmentally friendly transportation. As the adoption of EVs increases, the demand for advanced automotive technologies, including smart antennas, is likely to increase. Smart antennas play an important role in providing communication features in vehicles including GPS, Bluetooth, Wi-Fi and cellular connectivity.
Analysis by Frequency
Ultra-High Frequency (UHF) typically stands out as the dominant segment. UHF offers a balanced combination of range and data transmission speed, making it highly versatile and suitable for a wide range of automotive applications. This versatility has driven the adoption of UHF smart antennas in navigation, infotainment, and connectivity systems within modern vehicles. Additionally, many automotive systems and technologies are designed to operate on UHF frequencies, further driving the demand and market share of UHF smart antennas. Regulatory standards often allocate and regulate UHF frequencies for automotive use, ensuring compatibility and compliance with global standards. Furthermore, ongoing technological advancements in UHF smart antennas, such as beamforming and Multiple Input Multiple Output (MIMO) technologies, continue to enhance their performance, reliability, and appeal in the automotive industry.
On the other hand, the Very High Frequency (VHF) segment is emerging as the fastest-growing segment in the automotive smart antenna market. This growth is attributed to the increasing demand for VHF antennas in emerging automotive applications, such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems. These applications require longer range and robust connectivity, making VHF smart antennas an ideal choice. Moreover, VHF smart antennas are increasingly integrated with advanced features like directionality and signal processing capabilities, catering to the growing demand for enhanced communication and safety systems in modern vehicles. Regulatory frameworks are also evolving to support and encourage the adoption of VHF frequencies for next-generation automotive communication systems, fostering market growth. Collaborative efforts between automotive manufacturers, technology providers, and regulatory bodies are driving innovation and the adoption of VHF smart antennas, positioning VHF as a key growth segment in the automotive smart antenna market
Global Automotive Smart Antenna Market By Vehicle (%)
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Automotive Smart Antenna Market Regional Insights
Asia Pacific dominates the global automotive smart antenna market owing to higher passenger vehicle sales due to higher Chinese sales revenue. Currently Asia Pacific is witnessing a significant increase in the demand for SUVs and crossovers over the last 3-4 years. The adoption of SUVs in weekend off-road applications has driven the demand from consumers for better comfort and connectivity in this segment which is also driving the demand for smart antennas high height.
In North America, the U.S. gained the second largest market share for very high frequencies as the demand for electric vehicles is increasing due to increasing awareness of air pollution and stringent government standards. North America, particularly the United States, is a major hub for technological innovation in wireless communications. Leading technology companies and research institutes in the region are actively involved in developing state-of-the-art smart antenna solutions. These innovations often act as catalysts for growth in the global automotive smart antenna market. North America leads the way in the deployment of 5G technology, with telecom operators rolling out 5G networks across the region.
Global Automotive Smart Antenna Market By Geography
- Largest
- Fastest
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Automotive Smart Antenna Market Dynamics
Drivers
Rise in New Car Smart Antenna Development
- High-end connectivity technologies have become a priority in the automotive industry due to changing consumer preferences. The most used is the shark-pin antenna which can perform many communication tasks such as voice communication, mobile data, vehicle asset tracking and more, shark fin antennas are easy to install existence, aesthetically appealing, cost-effective, high performance and longevity build. Additionally, shark fin antennas used to be used in luxury sedans but today with the development in the market and decrease in the price of shark fin antennas, entry-level cars are also using shark fin antennas.
Rise in the Deployment of 5G Technology
- The deployment of 5G technology is a long-term priority for the smart antenna market. With the introduction of 5G networks worldwide, there is a growing demand for smart antennas that can support the high frequencies and data rates associated with 5G networks Smart antennas enable beamforming and beam steering techniques and enable signal transmission and reception well in a 5G network.
Restraints
Lack of Communication Infrastructure in Developing Countries
- Inadequate communication infrastructure has severely hampered the expansion of the automotive smart antenna market in emerging economies. The lack of communication infrastructure in countries such as Sub-Saharan Africa (Ethiopia and Kenya) and Central Asia (Turkmenistan and Tajikistan) severely hampers the large-scale integration of smart vehicle antennas Limitations of 4G or 5G networks in capacity in which intelligent antennas can deliver high speeds and simple connectivity are severely hampered, which is important for applications such as autonomous driving, V2X communication etc. Thus, remote and rural areas a communication gap prevents the smooth operation of intelligent antennas, in their enhanced security and enhanced traffic management operators limit the potential benefits.
High Initial Implementation Costs
- A key deterrent in the smart antenna market is the high initial implementation costs associated with implementing smart antenna solutions. Combining advanced signal processing algorithms with more antenna elements increases the cost of smart antenna systems compared to traditional antennas Furthermore, the need for specialized hardware and software components for smart antenna deployment is provided overall costs increase, particularly for small and medium-sized enterprises (SMEs) and can be a barrier to adoption in low-cost markets.
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Automotive Smart Antenna Market Competitive Landscape
The competitive environment of the Global Automotive Smart Antenna Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global automotive smart antenna market features a competitive landscape characterized via excessive competition among key gamers striving to take advantage of an aggressive aspect through product innovation, strategic partnerships, and mergers and acquisitions. Leading agencies operating within the global automotive smart antenna market include Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Ericsson AB, ZTE Corporation, and Nokia Corporation, among others. These players are specializing in growing global automotive smart antenna market tailor-made to satisfy the evolving necessities of 5G networks, IoT applications, and other wi-fi verbal exchange technologies.
Top Player’s Company Profiles
- Continental AG
- Denso Corporation
- Forvia
- TE Connectivity
- Ficosa Internacional SA
- Harada Industry Co., Ltd.
- Kathrein Solutions GmbH
- Robert Bosch GmbH
- Laird Connectivity
- Yokowo Co., Ltd.
- Schaffner Holding AG
- Hirschmann Car Communication GmbH
- Harman International
- Taoglas Ltd.
- Airgain
- Inpaq Technology Co., Ltd.
- Calearo Antenne SPA
- Antenova Ltd.
- MD Elektronik
- WISI group
- LOROM Industrial Co. Ltd.
- KDPOF
- STMicroelectronics
Recent Developments
- In February 2022, Denso developed Global Safety Package 3, a dynamic safety package designed to improve vehicle safety by providing superior environmental sensitivity capabilities. To cut costs and size, the company has reduced the number of components compared to previous generations. In this package, the company uses Multi-Input Multiple-Output (MIMO) technology, which has A compact antenna with only a few channels for sending and receiving radio signals This product includes THE Hino Ranger (Japan), Lexus (Japan) NX, the Toyota (Japan) suited Noah and Voxy.
- In August 2023, TE Connectivity launched the FP20 and FP40, which were multi-port antennas integrating multiple services such as LTE/5G, Wi-Fi 6E/7, Bluetooth for easy installation, reduced roof chaos over and offers advanced luxury passengers You will experience fast internet, reliable navigation and convenient Bluetooth connectivity. It also comes with future-proof 5G and Wi-Fi 6E/7 support. These antennas are designed primarily for connected vehicles.
- In October 2022, Robert Boss invested $260 million to expand generating facilities at the North Charleston facility.
- In June 2021, GapWaves entered into a license and development agreement with Hella, who purchased 10% of the company. Gapwaves antenna technology has been integrated to help create a high-performance radar solution for autonomous vehicles.
Automotive Smart Antenna Key Market Trends
- Rising Usage of Smart Antenna: Almost all cars use smart antennas with a factory-installed infotainment system. Additionally, the smart antenna is also part of vehicles integrated into the cabin as well as a built-in SIM for communication. Smart antennas are also used to recognize spatial signal signatures such as direction of signal arrival (DOA) in vehicles for better communication It is anticipated that safety and security systems for passenger cars and commercial vehicles and development a rising trend in automotive electronics will fuel market growth.
Automotive Smart Antenna Market SkyQuest Analysis
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.
The automotive smart antenna marketplace is experiencing robust increase pushed by the increasing adoption of 5G generation and the growing call for efficient wireless conversation answers throughout various industries. While the deployment of 5G serves as a substantial lengthy motive force for marketplace boom, excessive preliminary deployment expenses pose a restraint to adoption. Nonetheless, the market is quite competitive, with key players usually innovating to increase advanced clever antenna answers and gain a competitive side. As the call for high-pace data connectivity keeps pushing upward, the smart antenna marketplace is poised for in addition expansion in the coming years.
| 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:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Smart Antenna Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Smart Antenna Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
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