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 involves the production, distribution, and integration of advanced antenna systems in vehicles to enhance connectivity, communication, and infotainment capabilities. These smart antennas utilize sophisticated technologies such as multiple-input multiple-output (MIMO), beamforming, and signal processing to improve signal reception, range, and reliability for various wireless applications. Here’s an overview of the Automotive Smart Antenna Market:
Market Overview:
The Automotive Smart Antenna Market focuses on the development and deployment of intelligent antenna solutions for vehicles, including passenger cars, commercial vehicles, and electric vehicles (EVs).
Smart antennas enable seamless connectivity to wireless networks, including cellular, Wi-Fi, Bluetooth, satellite, and GPS systems, enhancing vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-everything (V2X) communication capabilities.
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Market Drivers:
Connected Car Trends: Increasing demand for connected car features, telematics services, and in-vehicle connectivity drives the adoption of smart antennas capable of supporting high-speed data transmission, multimedia streaming, and remote vehicle diagnostics.
Autonomous Driving: The transition towards autonomous and semi-autonomous vehicles requires robust communication and sensing capabilities, prompting the integration of smart antennas for real-time data exchange, sensor fusion, and vehicle-to-cloud connectivity.
5G Technology: Deployment of 5G cellular networks and vehicle-to-everything (V2X) communication standards necessitates advanced antenna systems capable of supporting high-frequency bands, low-latency communications, and reliable connectivity in dynamic driving environments.
Enhanced Safety and Convenience: Smart antennas enable advanced driver assistance systems (ADAS), collision avoidance technologies, and intelligent transportation systems (ITS), enhancing vehicle safety, situational awareness, and driver convenience.
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.
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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.
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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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