The global automotive smart antenna market size is expected to reach around US$ 6.5 Bn by 2027, growing at a CAGR of 16% over the forecast period 2020 to 2027.
Smart antennas can be described as a digital wireless antenna communication network that is capable of tracking and managing signals. Smart antenna market this is ideal for radar, telephone and signals processing and can be part of fixed wired communication networks that can be reconfigured next-generation. Both wireless protection and security details rely on an auto smart antenna. The car's smart antenna is either mounted on the front of the vehicle under glass, on the metal windshield, on the bumper or on the tail. The auto smart antenna is mounted on the deck or spoiler of the convertible car. Cable or cables link the convectional automotive antenna to insightful devices. For the meanwhile, automobile smart antenna without the cords or wire bundles is mounted.
The report provides analysis of global automotive smart antenna market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Increasing demand for the hybrid electric vehicle is one of the main factors behind the growth of the automotive smart antenna market. Improved knowledge of safety and the launch of information vehicle technologies and related services will also contribute significantly to the market growth. In the coming years this would potentially provide important incentives to increase the number of linked apps. Additional technologies like GPS, cells and video transmission as well as digital audio are expected to increasing demand for convenience and comfort.
North America retained maximum share in the global automotive smart antenna industry. It is expected to increase competition for this market due to the growing introduction of electric cars in the region. Moreover, in the US, hybrid electric vehicles have been taken up more and would give substantial chances of increasing the number of connected technologies. In North America, this is another aspect that increases competition. On the other hand, Asia Pacific will see significant potential development due to the strict vehicle accessibility and safety requirements in countries such as Japan and China. However, the global demand for automotive smart antenna should be powered by a growing production of vehicles and the emergence of electric vehicles on the demand.
The market research study on “Automotive Smart Antenna Market (Automotive Smart Antenna Market By Frequency: Ultra-High Frequency, Very High Frequency, High Frequency; Automotive Smart Antenna Market By Sales Channel: OES, OEM, IAM; Automotive Smart Antenna Market By Vehicle Type: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global automotive smart antenna market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global automotive smart antenna market size, and segment markets by frequency, sales channel, vehicle type, and geography along with the information on companies operating in the market. The Automotive smart antenna market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global automotive smart antenna market is segmented as below:
Automotive Smart Antenna Market By Frequency
Automotive Smart Antenna Market By Sales Channel
Automotive Smart Antenna Market By Vehicle Type
Automotive Smart Antenna Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such as Continental AG, DENSO CORPORATION, Ficosa Internacional SA, HARADA INDUSTRY CO., LTD., HARMAN International, KATHREIN SE, TE Connectivity, Calearo Antenne SPA, Airgain, Inc., HELLA GmbH & Co. KGaA., Others.
Acumen Research and Consulting predict that, the market value of automotive smart antenna is anticipated to be worth around US$ 6.5 Bn in 2027.
It is anticipated to grow over 16% CAGR amid the forecast period 2020-2027.
North America held maximum share in 2019 led by the US.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Growing usage of cellular applications for connected vehicles is a key driver of the market.
The growth of the global market is impeded by design and installation issues related to mounting of such smart antennas.
Participants include major global players in automotive smart antenna market such as Continental AG, DENSO CORPORATION, Ficosa Internacional SA, HARADA INDUSTRY CO., LTD., HARMAN International, KATHREIN SE, TE Connectivity, Calearo Antenne SPA, Airgain, Inc., HELLA GmbH & Co. KGaA., Others.