Press release
Automotive Antenna Market Expected to Achieve 6% CAGR by 2029: Growth Forecast Insights
Automotive Antenna
How Large Will the Automotive Antenna Market Size By 2025?
In recent times, there has been a steady increase in the overall size of the automotive antenna market. The value of this market is anticipated to swell from $6.59 billion in 2024 to $6.91 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.8%. The expansion observed during the historical period can be credited to factors such as escalating connectivity needs, governmental plans, a surge in automobile manufacturing, swift urban development, and heightened consumer requirement for infotainment.
How Big Is the Automotive Antenna Market Size Expected to Grow by 2029?
The market for automotive antennas is predicted to experience robust expansion in the upcoming years, increasing to a value of $8.72 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. The predicted growth roots from the introduction of 5G in vehicles, the surge of electric vehicles (EVs), the introduction of vehicle-to-everything (v2x) communication, increased safety features request, and ongoing connectivity needs. The period sees substantial trends such as the adoption of smart antenna technology, the implementation of 5g technology in vehicles, heightened focus on vehicle-to-everything (v2x) communication, the development of flexible and printed antenna technologies, and improved security features.
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Which Key Market Drivers Powering Automotive Antenna Market Expansion and Growth?
The growth of the automotive antenna market is significantly driven by the increasing sales of connected and autonomous vehicles. Connected vehicles are capable of interfacing with nearby devices via wireless networks, while autonomous vehicles have the ability to detect their environment and operate independently of any human input. The automotive antennas are deployed in these vehicles for enhanced connectivity and communication through various applications including 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, it was predicted by the US-based non-profit organization, the National Association of Insurance Commissioners, that by 2025, 3.5 million autonomous vehicles will be on American roads, increasing to 4.5 million by 2030. In addition, the Institute of Electrical and Electronics Engineers has forecasted that by 2040, 75% of all globally operational vehicles will be autonomous. Consequently, the automotive antenna market is poised for growth due to the rising sales of connected and autonomous vehicles.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Antenna Market?
Leading firms in the automotive antenna market are concentrating their resources on the creation of novel antenna designs, including Windshield Mount Antenna, in order to secure a strong foothold in the industry. The windshield-mounted antenna, which is another name for a car antenna installed on the vehicle's windshield, is a crucial part of this development. For instance, in August 2023, Airgain, Inc., a manufacturer of antennas from the United States, unveiled the UltraMax Glass 5G superior-performance windshield. The UltraMAX Glass 5G antenna has been expertly designed to offer unparalleled LTE and 5G connectivity, thereby enhancing data transfer speeds, network reach and reliability. The antenna's innovative 5-in-1 configuration enables it to support up to five separate frequency bands, including 5G, LTE and Wi-Fi, in a seamless manner. This multifaceted design results in superior connectivity performance, making it the perfect solution for fleet vehicles, public safety vehicles, and various other assets.
What Are the Emerging 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Automotive Antenna Industry?
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
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