Automotive Smart Antenna Market worth $5.9 billion by 2025

The Global Automotive Smart Antenna Market size is expected to grow from $2.3 billion in 2018 to $5.9 billion by 2025, at a CAGR of 14.2% during the forecast period.

The major driving factors in the automotive smart antenna market are growing cellular applications of connected vehicles and an increase in demand for connectivity-based safety features.

The major vendors in the global automotive smart antenna market are Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).

The technological advancements in accordance with the huge disruptive trends such as IoT and connected and autonomous vehicles have proliferated the demand for communication electronics in vehicles. Thus, leading automotive players have started to focus on hardware and software platforms for in-vehicle and external communications. This results in an increasing need for communication devices including antennas.

Opportunities:

1. New Revenue Opportunities in the Autonomous Vehicle Ecosystem
2. Significant Revenue Contribution From Premium Vehicle Sales

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The market size can be attributed to the growing light-duty vehicle production, increasing installation of safety and convenience features in light-duty vehicles, and advancements in the field of vehicle electronics. Moreover, various advanced features such as remote keyless entry, connectivity, and V2V communication are expected to be offered in premium vehicles, which, in turn, would drive this market for light-duty vehicles. The introduction of autonomous vehicles will also have a massive impact on the automotive smart antenna market because of the increased need for smart and connected features in a vehicle.

Transceivers are the most critical components of communication. The transceiver considered in the scope is for both external and internal communications. The external communication transceivers are used to transmit and receive signals through cellular connectivity, whereas MOST (Media Oriented System Transport) and Ethernet are used for in-vehicle communication. The market for communication terminals like transceivers has increased with the increase in technological growth of connected and autonomous vehicles.

The Asia Pacific automotive smart antenna market is estimated to be the largest, in terms of value, in 2018. As connectivity-based safety regulations have been established in Japan and South Korea, the demand for smart antennas in these countries is anticipated to increase during the next 5 years.

The European automotive smart antenna market is estimated to be the second-largest, by value, in 2018. The increasing concerns over the safety of vehicles and passengers on the road have led to the adoption of intelligent transportation systems in Europe. The European Transport Safety Council (ETSC) focuses on the adoption of intelligent transportation systems. Also, the European countries have a strong network infrastructure to provide seamless services for connected cars. Hence, Europe presents a major growth opportunity for the automotive smart antenna market.

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