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Automotive Antenna Market 2024 - Industry Outlook, Present Manufacturers, Channels Analysis And Forecast To 2033

06-11-2024 04:56 AM CET | Media & Telecommunications

Press release from: The Business research company

Automotive Antenna Market

Automotive Antenna Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automotive Antenna Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.29 billion In 2028 At A CAGR Of 5.5%.

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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Automotive Antenna Market Major Segments
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)

Key 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.

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Prominent 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.

Automotive Antenna Market Players
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. .

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/automotive-antenna-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the automotive antenna market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automotive antenna market report during the forecast period. The regions covered in the automotive antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Antenna Market Report Structure
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

Contact Us:
The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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