Press release
Automotive Antenna Market: Projected Growth, Dominant Players, Driving Forces, and Trends
Automotive Antenna Market
What Is The Projected Market Size Of The Global Automotive Antenna Market And Its Growth Rate?
The global automotive antenna market is demonstrating promising growth:
• The market size will rise from $6.59 billion in 2024 to $6.91 billion in 2025, growing at a CAGR of 4.8% owing to growing connectivity needs, increased vehicle production, government initiatives, and rising urbanization.
• Projections indicate a more robust growth in the next few years, with the market size reaching $8.72 billion in 2029 at a CAGR of 6.0% due to expected integration of 5G, emergence of electric vehicles, V2X communication, and demand for advanced safety features.
What Is Driving The Growth In The Automotive Antenna Market?
The burgeoning sale of connected and autonomous vehicles is fueling the growth of the automotive antenna market. Connected vehicles can link to surrounding devices via wireless networks, and autonomous vehicles are capable of operating without human intervention. These vehicles employ automotive antennas for various communication and connectivity applications such as V2X, modems, GNSS, SDARS, Wi-Fi, and Bluetooth. As per predictions by the National Association of Insurance Commissioners and the Institute of Electrical and Electronics Engineers, a substantial increase in autonomous vehicles on roads is forecasted for the coming years, set to further spur the automotive antenna market growth.
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Who Are the Key Players Driving Automotive Antenna Market Growth?
The automotive antenna market features major players such as:
• 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.
• And many more.
What Are The Key Trends In The Automotive Antenna Market?
Key trends steering the market growth include:
• Integration of smart antenna technology
• Introduction of 5G connectivity in vehicles
• Increased focus on vehicle-to-everything (v2x) communication
• Development of flexible and printed antenna technologies
• Enhanced security feature incorporations.
What Are The Segments Of The Global Automotive Antenna Market?
The global automotive antenna market comprises subsegments as follows:
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: After market, Original Equipment Manufacturer (OEM)
Which Region Leads The Automotive Antenna Market?
North America held the largest share of the automotive antenna market in 2024. However, Asia-Pacific is predicted to outpace other regions in growth during the forecast period. This report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Antenna Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Antenna Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Antenna Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Antenna Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Antenna Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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