Automotive Smart Antenna Market Size, Share & Industry Analysis, By Frequency (High Frequency, Very High Frequency, Ultra-High Frequency), By Component (Transceivers,, Electronic control unit, Wiring harness, Others), By Vehicle Type (ICE Vehicle, Electric Vehicle) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105579 | Status : Ongoing

KEY MARKET INSIGHTS

The automotive smart antenna market is fueled by several factors, including the rise in demand for connectivity-based safety features and the growth of cellular applications for connected vehicles. However, in emerging nations, a lack of information technology and connectivity infrastructure and a delay in government rules are the key limitations to the growth of the automotive smart antenna market.

The automotive industry is currently shifting towards smart automobiles whose essential requirement is connecting and achieving the same smart antennas. The automobiles are fully connected via vehicle-to-infrastructure and vehicle-to-vehicle communication to enhance safety and performance. The automotive smart antenna plays an integral role in linking various services such as mobile communication, GPS, TV, Radio, etc.

A smart antenna in an automobile is a signal receiving and signal conveyance device that connects wireless devices, Bluetooth devices, 3G/4G services, and other devices. A wired or wireless connection can be established. An automotive smart antenna is the source of all wireless information regarding the vehicle’s safety and security. In the traditional sense, in cars, the automotive smart antenna is installed either at the front under glass, metallic roof, spoiler, or rear bumper.

The automotive smart antenna market across the globe is being affected severely due to the Covid-19 leading to a halt in automobile productions. As governments worldwide have declared lockdowns, the demand and supply for automotive smart antennas have become vulnerable. The automotive smart antenna market is an evolving sector that is hampered due to an ongoing pandemic. All types of installation and production across the affected countries had been closed.

Key Market Driver -

• Rising demand for safety features in vehcles • Weight reduction due to easier cable routing and reduced cable length

Key Market Restraint -

• The suppliers of Automotive smart antenna affected due to the covid-19 restrictions and lockdown.

Market Segmentation:

Automotive smart antenna market is segmented into Frequency, Vehicle Type, Component and Region.

By Frequency, the automotive smart antenna market has been segmented into Very High Frequency, High Frequency, and Ultra-High Frequency. The very high Frequency has the most significant market share. Furthermore, rising traffic congestion concerns and increased demand for dashboard features are the primary drivers of the vehicle smart antenna market’s extremely high-frequency category.

By vehicle type, the automotive smart antenna market is segmented into ICE vehicles and electric vehicles. ICE vehicle segment holds the largest market share in 2020, as growing demand for passenger cars and an increasing disposable income boost the need for the vehicle in the developed economies.

By component type, the automotive smart antenna market is segmented into transceivers, electronic control units, wiring harnesses, and others. The transceivers segment holds the largest market share IN 2020. The growing integration of smart antennas in luxurious cars has increased the demand for transceivers in the automotive smart antenna market.

Key Players:

Kathrein-Werke KG, Schaffner Holding AG, Yokowo Co. Ltd., Hella KGaA Hueck & Co., TE Connectivity, Ficosa International SA, Denso Corporation, Harada Industry Co. Ltd., Continental AG, Laird Technologies.

Regional Analysis:

The Automotive smart antenna market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World.

North America, the US has accounted for the second-largest market share for very high Frequency as the increasing demand for electric vehicles due to the growing awareness of air pollutions and stringent government norms.

Europe, Germany, dominates the European region for the automotive smart antenna market as there is high industrialization, which utilizes the automotive smart antenna for higher quality products.

Asia-Pacific dominates the automotive smart antenna market owing to increasing passenger vehicle sales due to the growing disposal income of the Chinese.

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Segmentation

ATTRIBUTE	DETAILS
By Frequency	High Frequency Very High Frequency Ultra-High Frequency
By Component	Transceivers, Electronic control unit Wiring harness Others
By Vehicle Type	ICE Vehicle Electric Vehicle
By Geography	North America (USA, Canada, and Mexico) Europe (Germany, France, U.K., and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Rest of the World

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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