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. In 2022, the market is expected to be worth US$3.94 billion. The market for car smart antennas is anticipated to reach a maximum value of US$12.45 billion by 2032. $3.44 billion was the valuation for the base year.
The automotive smart antenna is anticipated to play a significant role in establishing connectivity to enhance the performance and safety of the vehicles. Original equipment manufacturers (OEMs) can offer infotainment services to customers using this product.
According to a seasoned analyst, the global automotive smart antenna market will be driven by the gradual adoption of positioning and wireless technologies like Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in automobiles in the upcoming years.
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According to research by Future Market Insights, because smart antennas are essentially invisible, it is projected that they would reduce the overall cost and weight of automobiles while also making cable routing simpler and shortening cable length. Greater connectivity, active steering, and more robust interface communities in automobiles all enhance the user experience. As a result, it is anticipated that within the anticipated timeframe, demand for car smart antennas will rise dramatically.
Vehicle smart antennas are increasingly overtaking other positioning system components in importance, according to an investigation by FMI. They are also crucial in telematics devices since they facilitate location finding. However, the poor infrastructure in some developing countries might be a barrier to wireless technology and in-vehicle communication in the future, limiting the advancement of the car smart antenna.
Key Takeaways from the Automotive Smart Antennas Market
- Asia Pacific region is projected to dominate the global automotive smart antenna market with a market valuation of US$ 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.
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“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
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.
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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
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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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.
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