Overview and Scope
Automotive smart antenna refers to advanced antenna systems designed for vehicles aimed at enhancing communication, connectivity, and safety features within the automotive industry. These smart antennas utilize technologies such as beamforming and multiple-input multiple-output (MIMO) to improve signal quality, ensuring reliable connectivity in various environments, and are especially optimized for 5G networks to provide high-speed, low-latency communication.
Sizing and Forecast
The automotive smart antenna market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rising demand for connected vehicles, increasing adoption of advanced driver assistance systems (ADAS), regulatory mandates for vehicle safety, emergence of autonomous vehicles, and increasing focus on vehicle electrification.
The automotive smart antenna market size is expected to see strong growth in the next few years. It will grow to $3.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to proliferation of electric and autonomous vehicles, integration of advanced connectivity features, continued evolution of 5G and beyond, rapid urbanization and smart city initiatives, demand for enhanced safety and security. Major trends in the forecast period include advancements in 5G technology, growing investments in R&D, technological innovations and cost reduction, integration of artificial intelligence (AI) and machine learning (ML) technologies, adoption of beamforming and MIMO techniques.
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Segmentation & Regional Insights
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), Aftermarket
Top 5 Major Players:
- Adobe Inc
- Autodesk Inc.
- Canva Inc
- Figma
- Tailor Brands LLC
Europe was the largest region in the automotive smart antenna market in 2023. 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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Major Driver Impacting Market Growth
The increasing demand for connected vehicles is expected to propel the growth of the automotive smart antenna market going forward. Connected vehicles refer to vehicles equipped with technology that enables them to communicate with each other, infrastructure, and other devices. The demand for connected vehicles is rising due to their ability to provide enhanced convenience, safety, and efficiency through features like real-time navigation and remote diagnostics. Smart antennas enhance connected vehicles’ connectivity and communication capabilities. These antennas utilize advanced technologies to improve signal quality, increase data transmission speeds, and enable more reliable wireless communication between vehicles and external networks. For instance, in March 2022, according to the Otonomo Report, an Israel-based company that provides a cloud-based SaaS solution for car manufacturers, the number of connected vehicles on the road will increase from approximately 237 million in 2021 to over 400 million by 2025. 96% of cars will be connected by 2030. Therefore, the increasing demand for connected vehicles is driving the growth of the automotive smart antenna market.
Key Industry Players
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.
The automotive smart antenna market report table of contents includes:
1. Executive Summary
2. Automotive Smart Antenna Market Characteristics
3. Automotive Smart Antenna Market Trends And Strategies
4. Automotive Smart Antenna Market – Macro Economic Scenario
5. Global Automotive Smart Antenna Market Size and Growth
….
32. Global Automotive Smart Antenna Market Competitive Benchmarking
33. Global Automotive Smart Antenna Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Smart Antenna Market
35. Automotive Smart Antenna Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Automotive Smart Antenna Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Automotive Smart Antenna Market, Segmentation By Frequency, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Automotive Smart Antenna Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Samsung Electronics Co. Ltd. Financial Performance
Table 76: Koch Industries Inc. Financial Performance
Table 77: Robert Bosch GmbH Financial Performance
Table 78: Panasonic Corporation Financial Performance
Table 79: Denso Corporation Financial Performance
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