Press release
Automotive Antenna Market Overview, Key Trends, and Insights on Leading Companies
Automotive Antenna Market
Automotive Antenna Market Size and Projected Growth by 2030
The automotive antenna market is set to experience robust growth, reaching a valuation of $8.88 billion by 2030. This growth is forecasted at a compound annual growth rate (CAGR) of 5.5%. Key factors propelling this expansion include the widespread rollout of 5G technology in vehicles, adoption of vehicle-to-everything (V2X) communication systems, rising connectivity demands of autonomous vehicles, the development of software-defined vehicles, and the emergence of smart mobility ecosystems. Market trends expected to shape this growth include the integration of multi-band antennas, increasing demand for connected vehicle communications, the popularity of shark fin antenna designs, the growth of telematics systems, and the broadening presence of 5G-enabled vehicles.
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Emerging Leaders in the Automotive Antenna Sector
Several prominent companies are shaping the automotive antenna market landscape. These include Kathrein Solutions GMBH, Harada Industry Co. Ltd., Northeast Industries Group Corp., 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., Ficosa International SA, Harman International Industries, Taoglas Group Holdings Limited, PCTEL Inc., Antenova Limited, Galtronics Corporation Ltd., Continental AG, Hella KGaA Hueck & Co., Denso Corporation, Laird Technologies, TE Connectivity, Amphenol Corporation, Molex LLC, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Pulse Electronics Corporation, and Schaffner Holding AG.
Strategic Acquisition in the Automotive Antenna Industry
In a move to strengthen its position in the automotive solutions market, Universal Scientific Industrial (Shanghai) Co., Ltd., a China-based computer storage device manufacturer, acquired TE Connectivity Ltd. in October 2023 for an undisclosed sum. This acquisition allows Universal Scientific Industrial to expand its portfolio by incorporating Hirschmann Car Communication, a well-known leader in automotive connectivity. TE Connectivity, based in Ireland, specializes in industrial technology with a wide range of connectivity and sensor products, including automotive antennas, further enhancing Universal Scientific Industrial's offerings.
View the full automotive antenna market report:
https://www.thebusinessresearchcompany.com/report/automotive-antenna-global-market-report
Innovative Trends Driving Automotive Antenna Development
Leading companies in the automotive antenna market are focusing on cutting-edge designs to gain a competitive edge. One such innovation is the windshield-mounted antenna, which is installed directly on a vehicle's windshield for better signal reception and aesthetic integration. For example, in August 2023, Airgain, Inc., a US-based antenna manufacturer, launched the UltraMax Glass 5G, a high-performance windshield antenna. This product is designed to provide superior LTE and 5G connectivity by supporting five distinct frequency bands, including 5G, LTE, and Wi-Fi. Its versatile 5-in-1 configuration offers enhanced data transfer speeds, broader network coverage, and improved reliability, making it particularly suitable for fleet vehicles, public safety vehicles, and other specialized assets.
Detailed Segmentation of the Automotive Antenna Market
The automotive antenna market report categorizes the industry based on various segments to provide a comprehensive understanding. These segments include:
1) By Product Type:
- Fin Type
- Rod Type
- Screen and Film Type
2) By Vehicle Type:
- Commercial Vehicles
- Passenger Cars
3) By Frequency Range:
- Low Range
- Medium Range
- High Range
4) By End User:
- Aftermarket
- Original Equipment Manufacturer (OEM)
The fin type segment is further divided into shark fin antennas, stubby fin antennas, and decorative fin antennas. Rod type includes telescopic and fixed rod antennas, while the screen and film type comprises transparent film antennas and conductive screen antennas. This segmentation helps in understanding the diverse product offerings and user applications within the automotive antenna market.
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