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Future of Automotive Smart Antenna Market: Size, Share & Forecasts to 2029
Automotive Smart Antenna Market
What Is the Projected Market Size Valuation of the Automotive Smart Antenna Market by 2025?
There has been a substantial growth in the automotive smart antenna market size in recent years. Expected to increase from $2.85 billion in 2024 to $3.05 billion in 2025, the market is projected to have a compound annual growth rate (CAGR) of 7.2%. Factors contributing to growth during the historical period include the growing demand for connected cars, heightened usage of advanced driver assistance systems (ADAS), regulatory requirements related to vehicular safety, the rise of autonomous vehicles, and an increasing emphasis on vehicle electrification.
What Is the Estimated Market Growth Value for the Automotive Smart Antenna Industry in 2029?
The market size of the automotive smart antenna is projected to witness significant expansion in the coming years, escalating to $4.01 billion by 2029, at a compound annual growth rate (CAGR) of 7.1%. The projected growth within this period can be linked to the rising adoption of electric and self-driving vehicles, incorporation of high-end connectivity features, ongoing development of 5G and subsequent technologies, fast-paced urbanization and smart city plans, and the increasing need for improved safety measures. Key market trends forecasted for this period feature 5G technology advancements, escalated investment in research and development, cutting-edge technological innovations and cost reduction, incorporation of artificial intelligence (AI) and machine learning (ML) technologies, and acceptance of beamforming and MIMO techniques.
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What Are the Growth Drivers and Opportunities in the Automotive Smart Antenna Market?
The expanding need for vehicles with connectivity is set to spur the development of the automotive smart antenna market. This refers to vehicles decked out with tech that allows them to communicate with one another, infrastructure, and additional devices. The rising demand for such vehicles is attributed to their capacity to offer improved comfort, safety, and effectiveness through features such as real-time navigation and remote diagnostics. Smart antennas enhance the connectivity and communication capacities of these connected vehicles. Advanced technologies are employed by these antennas to boost signal quality, amplify data transmission rates, and facilitate more dependable wireless communication between vehicles and external networks. As an example, as per the Otonomo Report in March 2022, a firm based in Israel that offers a cloud-based SaaS solution to car manufacturers, the count of connected vehicles on the road is predicted to surge from about 237 million in 2021 to upwards of 400 million by 2025. By 2030, 96% of cars will have connectivity. As a result, the escalating demand for vehicles that are connected is fuelling the expansion of the automotive smart antenna market.
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What Are the Primary Segments Covered in the Global Automotive Smart Antenna Market Report?
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
What Are the Top Growth Trends in the Automotive Smart Antenna Market?
In the competitive automotive smart antenna market, leading companies are focusing on innovation and advancing technological offerings, such as transparent antennas for greater competitive edge. These antennas are placed directly onto the glass surfaces of a vehicle, providing better reception for communication systems like GPS, Wi-Fi, and cellular signals. As an example, LG Electronics (LG), an electronics firm based in South Korea, teamed up with Saint-Gobain Sekurit, a France-based glass manufacturer, to unveil a transparent antenna for vehicles in December 2023. LG's innovative film-style antenna is directly adhered to the glass of the vehicle. This cutting-edge telecommunications solution is set to transform the dynamic mobility sector and strengthen LG's foothold in the market for automotive solutions. LG's transparent antenna can be used with various types of glass and adapted to different vehicle designs, providing both on-glass and in-glass solutions. The antenna's large application surface assures dependable telecommunications performance and scalability, thereby fulfilling the growing network requirements. LG's newest telematics innovation supports enhanced connectivity via 5G, GNSS (Global Navigation Satellite System), and Wi-Fi technologies and is notably adaptive.
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Which Companies Are Shaping the Future of the Automotive Smart Antenna Market?
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.
Which Region Holds the Largest Market Share in the Automotive Smart Antenna Industry?
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.
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