Press release
Surge In Connected And Autonomous Vehicle Sales Fuels Growth In The Automotive Antenna Market: A Significant Driver Propelling The Automotive Antenna Market In 2025
Automotive Antenna
What Is the Automotive Antenna Market Size and Projected Growth Rate?
In recent times, the automotive antenna market has been progressively expanding. Projections indicate an escalation from $6.59 billion in 2024 to $6.91 billion in 2025, driven by a compound annual growth rate (CAGR) of 4.8%. This growth pattern during the historic era is linked to escalating connectivity demand, government policies, a surge in vehicle manufacturing, fast-paced urbanization, and consumer demand for infotainment.
The overall market size for automotive antennas is predicted to experience significant expansion in the coming years, escalating to a value of $8.72 billion by 2029 at a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this projected increase during the forecast period include the incorporation of 5G, the rise of electric vehicles (EVs), the development of vehicle-to-everything (V2X) communication, a growing demand for advanced safety features and sustained connectivity needs. Throughout the forecast period, key market trends are expected to include the adoption of smart antenna technology, the introduction of 5G connectivity in automobiles, heightened focus on vehicle-to-everything (V2X) communication, the employment of flexible and printed antenna technologies, and improved security attributes.
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What Are the Major Segments in the Automotive Antenna Market?
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 Are The Driving Automotive Antenna Market Evolution?
The increasing sales of connected and autonomous vehicles are playing a vital role in propelling the automotive antenna market's growth. Connected vehicles are those that can establish a connection to nearby devices through wireless networks, while autonomous vehicles are those that can perceive their environment and operate without needing human assistance. Automotive antennas are utilized in both connected and autonomous vehicles for communication and connectivity needs such as V2X (vehicle-to-everything), modems, GNSS (Global Navigation Satellite System), SDARS (Satellite Digital Audio Radio Service), Wi-Fi, and Bluetooth. For example, the National Association of Insurance Commissioners, a non-profit organization based in the US, anticipated that by December 2022, there would be 3.5 million autonomous vehicles on the roads of America by 2025, and 4.5 million by 2030. Furthermore, the Institute of Electrical and Electronics Engineers predicts that by 2040, 75% of all vehicles traveling on the world's highways will be autonomous. Consequently, the growing sales of connected and autonomous vehicles are set to fuel the automotive antenna market.
Which Firms Dominate The Automotive Antenna Market Segments?
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.
What Trends Are Expected to Dominate the Automotive Antenna Market in the Next 5 Years?
The main players in the automotive antenna market are concentrating their efforts on the creation of innovative antennas, such as the Windshield Mount Antenna, in order to solidify their place in the industry. A windshield mount antenna or, as it's frequently referred, a windshield-mounted antenna, is a car antenna that is fitted on a vehicle's windshield. For instance, in August 2023, the US-based antenna manufacturer Airgain, Inc. introduced the new UltraMax Glass 5G high-performance windshield. This antenna is specifically designed to provide exceptional LTE and 5G connectivity with faster data transfer speeds, wider network coverage, and enhanced reliability. The innovative 5-in-1 configuration of this antenna allows it to support up to five separate frequency bands, including 5G, LTE, and Wi-Fi. This dynamic model ensures top-tier connectivity, positioning it as the perfect solution for fleet and public safety vehicles, among other assets.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Antenna Market?
2. What is the CAGR expected in the Automotive Antenna Market?
3. What Are the Key Innovations Transforming the Automotive Antenna Industry?
4. Which Region Is Leading the Automotive Antenna Market?
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