How Has the Automotive Smart Antenna Market Size Evolved in Recent Years?
The automotive smart antenna market has seen considerable growth due to a variety of factors.
• The market size for automotive smart antennas has seen significant expansion in the past few years. The market is predicted to rise from $2.85 billion in 2024 to $3.09 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%.
The growth seen during the historic period can be credited to growing demands for connected vehicles, higher adoption of sophisticated driver assistance systems (ADAS), regulatory requirements for vehicle safety, the development of autonomous vehicles, and an enhanced focus on vehicle electrification.
What Is The Forecast For The Automotive Smart Antenna Market Size?
The automotive smart antenna market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the automotive smart antenna market is projected to witness significant growth, expecting to reach $4.23 billion by 2029 with a compound annual growth rate (CAGR) of 8.2%.
The predicted growth during the forecast period could be linked to factors such as the rise in electric and autonomous vehicles, the adoption of advanced connectivity features, the ongoing advancement of 5G and future technology, expedited urbanization, and the push for smart city projects in tandem with the increasing demand for improved safety and security measures. Key trends expected during the forecast period include the enhancement of 5G technology, a surge in R&D investments, technological novelties and cost reduction, the incorporation of artificial intelligence (AI) and machine learning (ML) technologies, and the application of beamforming and MIMO techniques.
What Are The Essential Drivers Behind The Growth Of The Automotive Smart Antenna Market?
The surge in demand for connected vehicles is likely to fuel the expansion of the automotive smart antenna market. Connected vehicles, marked by their advanced technology that allow them to talk to one another, infrastructure, and additional devices, are in high demand due to their benefits such as enhanced safety levels, convenience, and efficiency, brought about by features like real-time navigation and remote diagnostics. Smart antennas supplement the connectivity and communication protocols of these connected vehicles. These smart antennas employ high-end technologies that bolster the quality of the signal, accelerate data transmission rates and facilitate a more dependable wireless communication between vehicles and external networks. As per an Otonomo Report in March 2022, an Israeli firm offering cloud-based SaaS solutions for auto manufacturers, predicts an upswing in the number of connected vehicles from roughly 237 million in 2021 to exceed 400 million by 2025. It is projected that 96% of vehicles will be connected by 2030. Therefore, the burgeoning demand for connected vehicles is accelerating the growth trajectory of the automotive smart antenna market.
How Is The Global Automotive Smart Antenna Market Divided Into Key Segments?
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 New Trends Are Influencing The Automotive Smart Antenna Market?
Leading companies in the automotive smart antenna market are pushing technological boundaries by creating innovations, such as transparent antennas, to expand their product line and maintain their competitive edge. These antennas seamlessly incorporate into auto glass surfaces and offer superior reception for multiple communication systems like GPS, Wi-Fi, and cellular signals. In December 2023, an example of this innovation in action occurred when LG Electronics, a South Korean electronics firm, partnered with Saint-Gobain Sekurit, a French glass manufacturer, to roll out a transparent antenna aimed for the automotive sector. This inventive film-like antenna is directly applied to auto glass. This next-gen telecom solution could dramatically transform the growing mobility sector and solidify LG's standing in the automotive solutions market. LG's transparent antenna, compatible with a variety of glass types and vehicle models, offers both on-glass and in-glass solutions, guaranteeing a reliable telecommunications performance and scale to suit growing network demands. Moreover, LG's cutting-edge telematics innovation is highly adaptable and supports enhanced connectivity via 5G, GNSS (Global Navigation Satellite System), and Wi-Fi technologies.
Who Are the Key Players In 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 & Fu¨rst 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 Regional Insights Into The Automotive Smart Antenna Market?
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.
