Press release
Evolving Market Trends In The Automotive Smart Antenna Industry: Transparent Antenna Revolutionizing Connectivity
Automotive Smart Antenna
What Is the Expected Automotive Smart Antenna Market Size During the Forecast Period?
Over the years, the market size of the automotive smart antenna has witnessed significant growth. This market is projected to expand from $2.85 billion in 2024 to $3.09 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.6%. Several factors have fueled this growth during the historic period, including the surging demand for connectivity in vehicles, the rise in the use of advanced driver assistance systems (ADAS), legislative mandates for automobile safety, the debut of self-driving vehicles, and an intensified emphasis on vehicle electrification.
Over the coming years, the automotive smart antenna market is projected to experience robust growth, rising to a value of $4.23 billion by 2029, equating to a compound annual growth rate (CAGR) of 8.2%. This forecasted growth can be credited to multiple factors such as the rise in electric and self-driving vehicles, the inclusion of advanced connectivity features, the continued advancement in 5G and subsequent technologies, rapid urbanization and smart city schemes, as well as the need for improved safety and security. The upcoming trends expected within this period encompass continued improvements in 5G technology, increased funds dedicated to research and development, innovative technological progress and cost efficiencies, the implementation of artificial intelligence (AI) and machine learning (ML) technologies, and the increased use of beamforming and MIMO techniques.
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What Are the High-Growth Segments in the Automotive Smart Antenna Market?
The automotive smart antenna market covered in this report is segmented -
1) By Component Type: Transceiver, Electronic Control Unit (ECU), Other Component Type
2) By Frequency: High, Very High, Ultra High
3) By Vehicle Type: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Transceiver: Radio Frequency Transceiver, GPS Transceiver, Bluetooth Transceiver, Cellular Transceiver, Wi-Fi Transceiver
2) By Electronic Control Unit: Antenna Control Unit (ACU), Signal Processing ECU, Connectivity ECU
3) By Other Component Types: Amplifiers, Filters, Antennas, Connectors
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What Key Drivers Are Expected to Influence Future Automotive Smart Antenna Market Growth?
The rise in demand for vehicles with connectivity is anticipated to fuel the expansion of the automobile smart antenna market. Connected vehicles involve those fitted with sophisticated technology that enables them to interact with each other, as well as with infrastructure and other devices. The growing desire for connected vehicles arises from their ability to provide superior comfort, safety, and efficiency by offering features like real-time navigation and remote diagnostics. Smart antennas amplify the connectivity and communication features of connected vehicles. These antennas use cutting-edge technologies to intensify signal quality, boost data transmission speeds, and facilitate more dependable wireless communication between vehicles and external networks. For example, the Otonomo Report indicated in March 2022, that the count of connected vehicles in transit is projected to grow from roughly 237 million in 2021 to more than 400 million by 2025, according to an Israel-based company offering a cloud-based SaaS solution for vehicle manufacturers. By 2030, nearly 96% of automobiles will be connected. As a result, the escalating demand for connected vehicles is catalyzing the development of the automotive smart antenna market.
Which Companies Hold the Largest Share Across Different Automotive Smart Antenna Market Segments?
Major companies operating in the automotive smart antenna market are Samsung Electronics Co. Ltd., Koch Industries Inc., Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, Continental AG, Ericsson, TE Connectivity Ltd., NXP Semiconductors NV, Harman International Industries Incorporated, Hella GmbH & Co. KGaA, Ficosa International SA, North West Company, Kathrein SE, MD ELEKTRONIK GmbH, Yokowo Co. Ltd., Calearo Antenne SpA, WISI Automotive GmbH & Co. KG, INPAQ Technology Co. Ltd., Airgain Inc., Huf Huelsbeck & Fürst GmbH & Co. KG, Laird Connectivity, Lorom Industrial Co. Ltd., LS MTRON Ltd., Hirschmann Car Communication GmbH, Ace Technologies Corp., Antenova M2M Ltd., World Products Inc.
What Are the Latest Developing Trends in the Automotive Smart Antenna Market?
Innovative technology such as transparent antennas, advanced by leading enterprises in the automotive smart antenna industry, are being utilized to amplify their product range and retain their competitive edge. These antennas, embedded directly into the vehicle's glass surfaces, boost reception for a variety of communication systems such as GPS, Wi-Fi, and cellular signals. For example, in December 2023, a partnership between LG Electronics, a tech firm from South Korea, and Saint-Gobain Sekurit, a French glass manufacturer, led to the creation of a transparent antenna for vehicles. Known for its innovative film-type antenna applied directly onto vehicle glass, LG's advanced telecommunication solution aims to transform the rising mobility sector and strengthen its standing in the automotive solutions market. Compatible with various glass types and car designs, LG's transparent antenna supplies both on-glass and in-glass options. The broad surface application guarantees reliable telecommunication performance and scalability to meet burgeoning network demands. In addition to its versatility, LG's new telematics offering supports enhanced connectivity including 5G, GNSS (Global Navigation Satellite System), and Wi-Fi technologies.
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What Are the Emerging Geographies for The Automotive Smart Antenna Market Growth?
Europe was the largest region in the automotive smart antenna market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive smart antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Smart Antenna Market?
2. What is the CAGR expected in the Automotive Smart Antenna Market?
3. What Are the Key Innovations Transforming the Automotive Smart Antenna Industry?
4. Which Region Is Leading the Automotive Smart Antenna Market?
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