Press release
Automotive Antenna Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Automotive Antenna Market Outlook
The increasing sales of interconnected and automated vehicles are playing a significant role in propelling the growth of the automotive antenna market. Interconnected vehicles are those that can connect with nearby devices through wireless networks while automated vehicles are those that can perceive their environment and operate without human input. Automotive antennas are utilized in these vehicles for communication and connectivity functions like V2X (vehicle-to-everything), modems, GNSS (global navigation satellite system), SDARS (satellite digital audio radio service), Wi-Fi, and Bluetooth. For example, in December 2022, the National Association of Insurance Commissioners, a non-profit organization in the US, estimated that by 2025 and 2030, there will be 3.5 million and 4.5 million automated vehicles on American roads respectively. Furthermore, the Institute of Electrical and Electronics Engineers predict that by 2040, 75% of all vehicles on the world's roads will be autonomous. Therefore, the growing sales of interconnected and automated vehicles will stimulate the progression of the automotive antenna market.
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What growth opportunities are expected to drive the automotive antenna market's CAGR through 2034?
The size of the automotive antenna market has been consistently increasing over the past few years. Its growth is projected to rise from $6.59 billion in 2024 to $6.91 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. Factors contributing to its growth during the historic period include growing connectivity requirements, government policies, an increase in automobile production, rapid urbanisation, and consumer demand for in-car entertainment.
In the next few years, it is projected that the market size of the automotive antenna will experience substantial expansion. The forecast anticipates an increase to $8.72 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth include the integration of 5G technology, the prevalence of electric vehicles (EVs), the advent of vehicle-to-everything (v2x) communication, the demand for advanced safety features, and ongoing connectivity requirements. The forecast period will also witness trends like the adoption of smart antenna technology, 5G technology in vehicles, a heightened focus on vehicle-to-everything (v2x) communication, flexible and printed antenna technologies, and improved security features.
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What are the emerging trends shaping the future of the automotive antenna market?
Leading corporations in the automotive antenna sector are concentrating on creating novel antennas, such as the Windshield Mount Antenna, to fortify their market status. The windshield-mount antenna, also referred to as a windshield-mounted antenna, is a particular type of automotive antenna that is placed on a vehicle's windshield. For example, in August 2023, Airgain, Inc., a US-based antennas manufacturing firm, released the UltraMax Glass 5G high-performance windshield. The UltraMAX Glass 5G antenna is painstakingly engineered to offer superior LTE and 5G connectivity, promising quicker data transfer speeds, broader network coverage, and improved reliability. The inventive 5-in-1 layout of this antenna allows it to effortlessly support up to five separate frequency bands, covering 5G, LTE, and Wi-Fi. This multifunctional design guarantees top-notch connectivity and makes it a perfect solution for fleet and public safety vehicles, as well as other assets.
Which growth-oriented segments of the automotive antenna market are leading the industry's development?
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: After market, Original Equipment Manufacturer (OEM)
Subsegments:
1) By Fin Type: Shark Fin Antennas, Stubby Fin Antennas, Decorative Fin Antennas
2) By Rod Type: Telescopic Rod Antennas, Fixed Rod Antennas
3) By Screen And Film Type: Transparent Film Antennas, Conductive Screen Antennas
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What regions are leading the charge in the automotive antenna market?
North America was the largest region in the automotive antenna market in 2024. 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
What companies are at the forefront of innovation in the automotive antenna market?
Major companies operating in the automotive antenna market include 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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What Is Covered In The Automotive Antenna Global Market Report?
• Market Size Forecast: Examine the automotive antenna market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive antenna market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive antenna market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive antenna market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive antenna market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive antenna market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive antenna market.
• Competitive Landscape: Review strategic developments in the automotive antenna market, including expansions, agreements, and new product launches.
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