Automotive Smart Antenna Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global automotive smart antenna market was valued at USD 2.3 billion in 2022, and a CAGR of 11.2% is expected during the forecast period. Rising demand for safety features and growing cellular applications for connected vehicles are driving the demand in the automotive smart antenna market. Rising disposable income and increasing global population with industrialization are driving significant growth in the market. Increasing demand for ADAS features in vehicles is driving market growth significantly worldwide.

The growth drivers in the automotive smart antenna market include increasing demand for connected cars, rising integration of smart technologies, like 5G, and the need for improved vehicle communication and safety systems, along with a push towards autonomous driving and the proliferation of electric vehicles, which are driving significant growth in the market.

Growth Drivers

Growing demand for connected vehicles, which require advanced communication systems for features like navigation and entertainment, is the primary reason behind the significant growth in the market. Integration of emerging technologies such as 5G and the Internet of Things in vehicles propels market growth. Increasing focus on safety and driver assistance systems, as well as the trend towards autonomous driving, are driving the adoption of smart antenna systems for enhanced vehicle communication and sensor fusion capabilities.

The high product volume of vehicles all over the world is driving growth in the market significantly. The rising integration of smart technologies like 5G and the demand for effective vehicle communication systems are driving significant growth in the market. Regulatory mandates for vehicle safety and communication standards are pushing automotive manufacturers to adopt smart antenna solutions.

Segmentation

By Vehicle Type

·         Passenger Cars

·         Light Commercial Vehicles

·         Heavy Commercial Vehicles

By Frequency

·         High

·         Very High

·         Ultra-High

By Sales Channel

·         OEM

·         After Market

By Component Type

·         Transceiver

·         Electronic Control Unit

·         Others

Electric Vehicle Type

·         Battery Electric Vehicle

·         Fuel Cell Electric Vehicle

·         Plug-In Hybrid Vehicle

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Automotive Smart Antenna Market by Vehicle Type Segmentation

On the basis of the vehicle, the automotive smart antenna market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are a growing segment in the automotive smart antenna market and are expected to dominate during the forecast period due to growing demand for connectivity features in passenger cars, driven by consumer vehicles for in-car entertainment navigation and safety features. Smart antennas are crucial for providing uninterrupted services such as GPS navigation, streaming music, and real-time traffic updates.

Passenger cars often serve as testbeds for new automotive technologies, including smart antenna market systems. Automakers are increasingly integrating advanced driver assistance systems into passenger cars to enhance safety measures. Rapidly increasing sales of passenger cars are benefiting the automotive industry, and in countries where rising disposable income and urbanization are fueling demand, the volume of passenger cars equipped with smart antenna systems is expected to continue growing, making this segment a significant driver of market growth.

Automotive Smart Antenna Market Electric Vehicle Type Segmentation

On the basis of electric vehicles, the automotive smart antenna market is segmented into battery electric vehicles, fuel cell electric vehicles, and plug-in hybrid vehicles. Battery electric vehicles are the leading segment in the automotive smart antenna market due to their complexity of design, including aerodynamics and weight reduction, to optimize range and performance. Smart antennas, due to their compact size and multifunctionality, fit well into the design constraints.

With the automotive industry moving towards autonomous driving and connected services, battery electric vehicle manufacturers prioritize future-proofing their vehicles. Expectation for cutting-edge technologies and features in the vehicles: smart antennas enable advanced infotainment, navigation, and telematics services, contributing to superior driving service. It relies heavily on battery management, range optimization, and over-the-air updates. The increasing need for smart antennas to enhance performance efficiently is driving growth in the market significantly.

Automotive Smart Antenna Market by Sales Channel Segmentation

On the basis of sales channels, the automotive smart antenna market is segmented into OEM and aftermarket. Original equipment manufacturers and aftermarkets are leading in the automotive smart antenna market for a few reasons. OEMs often integrate smart antennas into their vehicles during the manufacturing process, ensuring seamless compatibility and functionality. On the other hand, aftermarket companies provide retrofit solutions, catering to consumers who want to upgrade their existing vehicle with smart antenna technology. Both have invested heavily in research and development to offer innovative features and performance.

Regional Outlook

On the basis of regions, the automotive smart antenna market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America leads the automotive smart antenna market due to several factors, like the high adoption rate of advanced automotive technologies, robust infrastructure for research and development, the presence of major automotive manufacturers, and increasing demand for connected and autonomous vehicles in the region, which is significantly driving the growth of the market. Stringent regulations related to vehicle safety and emissions drive the implementation of smart technology for improved connectivity and communication systems in automobiles.

The Asia-Pacific region, due to a growing population, rising disposable income, and increasing urbanization along with industrialization, is driving significant growth in the market. The region has a large automotive industry, with major manufacturers focusing on technological advancements. There is an increasing demand for connected vehicles and advanced driver assistance systems in countries like China, Japan, and South Korea. Government regulations and initiatives promoting vehicle connectivity and safety further drive the adoption of smart antenna technology in the region.

Growing demand for advanced safety features is driving the growth of the market in European countries like Germany, France, Italy, Spain, and the United Kingdom. The increasing trend of battery-electric vehicles in Asia, the Pacific, and Europe is driving growth in the market significantly. Increasing emphasis on enhancing the performance of vehicles is driving growth in the automotive smart antenna market significantly. The presence of key players is the major cause behind the significant growth in the market.

Key Players

·         Continental AG

·         Denso Corporation

·         TE Connectivity

·         Ficosa Internacional

·         Hella GmbH and Co.

·         Harman International

·         Robert Bosch GmbH

·         Kathrein Automotive

·         Other Players