Press release
Smart Antenna Market size is estimated to develop at a CAGR of 14.2% | Continental (Germany), Yokowo (Japan), Ficosa (Spain)
During the projected period, the Smart Antenna Market size is estimated to develop at a CAGR of 14.2 percent, from USD 2.3 billion in 2022 to USD 5.9 billion by 2030. The automotive market is continually turning toward smart autos, which have a high demand for good connectivity, which is met through the usage of smart antennas. To improve performance and safety, automobiles are completely connected through vehicle-to-infrastructure (V2I) as well as vehicle-to-vehicle (V2V) communications.
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The key market players are as follows:
Continental (Germany)
Yokowo (Japan)
Ficosa (Spain)
Denso (Japan)
Schaffner (Switzerland)
Kathrein (Germany)
TE Connectivity (Switzerland)
Harada (Japan)
Hella (Germany)
Laird (UK)
The vehicle's smart antenna connects various services, including TV, GPS, radio, mobile communication, and others. Original equipment manufacturers (OEMs) can use the automobile smart antennas to create new technical architecture standards and meet customer demands for communication and infotainment services. Increased connectivity in the automotive, for example, improves user experiences like interface immunity, active steering, as well as connectivity.
Furthermore, because the smart antenna is virtually transparent, it reduces the total cost plus weight of the vehicle by allowing for simpler cable routing and shorter cable lengths. As a result, new and sophisticated features are projected to boost the growth of the vehicle Smart Antenna Market size.
Market Segmentation
The dynamic production methods used by market segments to fulfil the expanding wants of an international target audience have increased in the value of the vehicle Smart Antenna Market size.
The following aspects have been used to segment the international market:
Vehicles depending on the market:
Vehicles such as commercial vehicles plus light-duty vehicles are available on the market. These cars assist clients in meeting a variety of demands.
Depending on the market frequency:
Very high frequency, high frequency, and ultra-high frequency rates are all part of the market frequency.
Depending on the market's components:
Transceivers, ECUs, and other items like wiring harnesses, digital buses, and connectors are among the market's components.
Depending on electric vehicles:
Electric vehicles such as hybrid electric vehicles, battery electric vehicles, and plug-in hybrid vehicles are available.
Regional Classification
In the next five years, demand is expected to increase. According to current market trends, the automobile smart antenna sector is expected to grow rapidly worldwide. The APAC area, on the other hand, is likely to have the most development. The APAC region is being propelled forward by high economic growth, population growth, and increasing urbanization. Furthermore, there is a significant increase in the need for connected cars, necessitating the implementation of connectivity-dependant safety standards in countries such as South Korea and Japan.
Countries in the Asia-Pacific region, such as China, are likely to implement a variety of car and road safety rules. During the projection period of 2021-2028, a tremendous surge in cellular applications and an increased need for safety mechanisms will yield fantastic results and generate an amazing market expansion.
Industry News
Due to changes in customer demands, high-end communication technology has become a significant aspect of the car sector. The shark-fin antenna is the most popular type of antenna used in automobiles. It can handle several communication functions like mobile data, voice connectivity, and asset tracking. Furthermore, shark-fin antennas are simple to install, have a pleasing appearance, provide great performance at a reasonable cost, and have a longer lifespan. The market is likely to rise as a result of all of these innovations in the field of automobile smart antennas.
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