Press release
Automotive Antenna Global Market Size to Surpass $8.29 Billion with CAGR of 5.5% By 2028 | TE Connectivity, Molex LLC, PCTEL Inc., Antenova Limited, Galtronics Corporation Ltd.
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Automotive Antenna Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive antenna market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to increasing connectivity needs, government initiatives, rise in vehicle production, rapid urbanization, consumer demand for infotainment.
The automotive antenna market size is expected to see strong growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to 5g integration, rise of electric vehicles (evs), emergence of v2x communication, demand for advanced safety features, continued connectivity deman. Major trends in the forecast period include integration of smart antenna technology, 5g connectivity in vehicles, increased emphasis on vehicle-to-everything (v2x) communication, flexible and printed antenna technologies, enhanced security features.
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Market Segmentation:
The automotive antenna market covered in this report is segmented -
1) By Product Type: Fin Type , Rod Type, Screen And Film Type
2) By Vehicle Type: Commercial Vehicles, Passengers Cars
3) By Frequency Range: Low Range, Medium Range, High Range
4) By End User: Aftermarket, Original equipment manufacturer (OEM)
Major Driver - Surge In Connected And Autonomous Vehicle Sales Fuels Growth In The Automotive Antenna Market
The rising sale of connected and autonomous vehicles is significantly contributing to the growth of the automotive antenna market going forward. Connected vehicles refer to a vehicle that can link to nearby devices via wireless networks. Autonomous vehicles refer to a vehicle that can sense their surroundings and function without human intervention. Automotive antennas are used in connected vehicles and autonomous vehicles for communication and connectivity applications such as V2X (vehicle-to-everything), modems, GNSS (global navigation satellite system), SDARS (satellite digital audio radio service), Wi-Fi, and Bluetooth. For instance, according to a 2021 report released by Stellantis, a Netherlands-based automotive manufacturing company, the number of monetizable connected cars globally sold by Stellantis is expected to grow from 12 million in 2021 to 34 million in 2025. Furthermore, according to data published by Capgemini, a France-based information technology service, autonomous cars are expected to be 15% of the total global car sales and 95 million autonomous cars are expected to be sold annually by 2035. Therefore, a rise in the sale of connected and autonomous vehicles will drive the automotive antenna market.
Competitive Landscape:
Major companies operating in the automotive antenna market report are Kathrein Solutions GMBH, Harada Industry Co. Ltd., Yokogawa Electric Corporation, FIAMM Energy Technology, Northeast Industries Group Corp., Hirschmann Laborgeräte GmbH & Co. KG, Taizhou Suzhong Antenna Group Co., Ace Technologies Corp., Shenzhen Tuko Technology Co. Ltd., INZI Controls Co. Ltd., Guangdong Shenglu Telecommunication Tech. Co. Ltd., SHIEN LIEN ENT Co. Ltd., Tianyi Satcom Co. Ltd., Continental AG, STMicroelectronics NV, Laird Technologies, Schaffner Holding AG, Hella KGaA Hueck & Co., TE Connectivity, Ficosa International SA, Denso Corporation, Harman International Industries, Amphenol Corporation, Molex LLC, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Pulse Electronics Corporation, Taoglas Group Holdings Limited, PCTEL Inc., Antenova Limited, Galtronics Corporation Ltd. .
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Top Trend - Windshield Antenna Sets New Standards In Automotive Connectivity
Major companies operating in the automotive antenna market are focusing on developing innovative antennas, such as the Windshield Mount Antenna, to strengthen their position in the market. A windshield-mounted antenna, also known as a windshield-mounted antenna, is a type of automotive antenna that is installed on the windshield of a vehicle. For instance, in August 2023, Airgain, Inc., a US-based manufacturer of antennas, launched the UltraMax Glass 5G high-performance windshield. The UltraMAXTM Glass 5G antenna is specifically engineered to deliver exceptional LTE and 5G connectivity, offering accelerated data transfer rates, expanded network coverage, and heightened reliability. With its innovative 5-in-1 configuration, this antenna can seamlessly support up to five distinct frequency bands, encompassing 5G, LTE, and Wi-Fi. This versatile design ensures high-performance connectivity, making it an ideal solution for fleet and public safety vehicles, as well as various assets.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Antenna Market Characteristics
3. Automotive Antenna Market Trends And Strategies
4. Automotive Antenna Market - Macro Economic Scenario
5. Automotive Antenna Market Size And Growth
…..
27. Automotive Antenna Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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