Automotive Smart Antenna Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Smart Antenna Market Analysis
The Automotive Smart Antenna Market was valued at USD 3.0 Billion in 2021 and is projected to grow to USD 4.13 Billion by 2027, registering a CAGR of 5.5% in terms of revenue during the forecast period.
The COVID-19 pandemic hindered the growth of the automotive industry across the globe in the year 2020. Several manufacturing industries were closed. The supply chain management and distribution channels were disrupted due to a shortage of raw materials. However, the automotive industry is now recovering from the losses and paving the way to introduce quality products to cater to the rising demand from consumers across the regions. The automotive industry witnessed significant growth in terms of production in 2021, which is likely to increase the demand for smart antenna during the forecast period.
Over the medium term, the rise in vehicle production and the increasing use of electronics in vehicles are likely to increase the demand for antenna during the forecast period. Growing demand for comfort and safety features in vehicles, which in turn is likely to witness major growth for the market during the forecast period.
Smart Antennas are used in almost all vehicles that come equipped with a factory-fitted infotainment system. Additionally, smart antennas are also a part of the cars that get connected to car features and an embedded sim for connectivity. Smart antennas are also used to identify spatial signal signatures, such as the Direction of Arrival (DOA) of the signal in vehicles, for better communication. Increasing the installation of safety and convenience systems in passenger cars and commercial vehicles and growing advancements in the communications field of vehicle electronics are expected to promote the market's growth.
With increasing vehicle sales, the adoption of smart antennas has also increased. Asia Pacific is expected to be the fastest-growing region, while Europe is the market leader. Growing demand for luxury vehicles across Asia-Pacific is likely to witness significant growth for the market during the forecast period.
Automotive Smart Antenna Market Trends
This section covers the major market trends shaping the Automotive Smart Antenna Market according to our research experts:
Increase in Development of New Smart Antennas
The integration of high-end communication technologies has become an important feature in the global automotive industry. Antennas in vehicles serve a wide range of applications, from receiving satellite-based navigation to making a call. Shark-fin antennas have become the most common element for passenger cars.
Earlier, this type of antenna was offered in luxury sedans and SUVs. Even entry-level cars in developing automobile markets such as India are provided with shark-fin antennas. Driven by the increased adoption and technological advancements, the shark-fin antennas in the future may be even smaller and serve a wide range of purposes compared to a conventional antenna. For instance,
- In July 2022, Maruti Suzuki launched a new Hyryder-based SUV named Vitara in India. The vehicle has fitted with a shark fin antenna.
- In May 2022, Hyundai India launched a new variant, the Corporate edition, of its existing entry-level hatchback Grand i10 Nios, equipped with a shark-fin antenna.
However, future technologies require multiple antennas to establish better communication signals. Although there is an option of installing various antennas, this will interfere with other antennas in proximity.
To eliminate this, TU Wien, Vienna University of Technology, has developed a special antenna box that can be integrated into the front area of the car roof. This technology has been tested, and results showed that the directionality of wireless signals is better around cars. The new antenna variants make cars extremely well-equipped for wireless requirements.
Manufacturers are currently working on a newer type of smart antenna that can replace the conventional antenna. In the future, data exchange will play a significant role in road transportation.
Asia-Pacific is the Fastest Growing Market
Smart antennas are no longer reserved for luxury cars, as these systems are making inroads irrespective of vehicle segment; even in the C and B-segment vehicles.
To retain their loyal consumer base, major premium car manufacturers are trying to improvise on the existing antennas or produce better hardware to stand out.
Although due to the global pandemic the global automotive industry saw a dip in sales as well as demand. However, with life returning to near normal, vehicle sales in the Asia-pacific region are expected to increase in the forecast period.
For instance, in 2021, in the Asia-Pacific region, the total number of vehicles sold equaled about 34 million units, which is 7% high than compared to 2020. Such an increase in vehicle sales is likely to witness major growth for the market during the forecast period.
As the majority of passenger cars come equipped with smart antennas, the increase in the demand and sales of vehicles is expected to drive the market in the Asia-pacific region. Additionally, the SUV segment being the most popular about the buyers, which is expected to have a significant share in the market. The sales of SUVs have gained significant traction with growing consumer preference towards owning a vehicle with better city driving in bad roads and for the better off-road experience.
Asia-Pacific countries are now witnessing a considerable spike in the demand for SUV and crossover vehicles over the past 3-4 years. With the SUVs finding their use in weekend off-road applications, the demand from the customer for better convenience and communication systems in this segment grew substantially which in-turn is driving the demand for smart antennas.
China is the largest market in terms of sales as well as vehicles produced. In 2021, SUVs occupied more than 46% of the total market share in passenger cars. Hence, in the coming years, the market share of SUVs is expected to grow aiding the Automotive Smart Antenna Market.
With the increase in vehicle sale and growing manufacturing industries across the region is likely to witness major growth for the market during the forecast period.
Automotive Smart Antenna Industry Overview
The Automotive Smart Antenna Market is dominated by several key players such as Robert Bosch GmbH, Continental AG, TE Connectivity, Hella GmbH & Co. KGaA, and Huelsbeck & Fuerst GmbH. Several players are expanding their manufacturing facilities and investing in research and development facilities, which are anticipated to witness major growth in the market during the forecast period.
- In October 2022, Robert Bosch invested USD 260 Million to expand manufacturing facilities for electrification products at the North Charleston facility.
- In Jun 2021, Gapwaves inked a license and development deal with HELLA, and HELLA purchased 10% of the company's stock. Gapwaves antenna technology is being integrated to help develop high-performance radar solutions for automated driving functionalities.
Automotive Smart Antenna Market Leaders
HELLA GmbH & Co. KGaA
Robert Bosch GmbH
TE Connectivity
Continental AG
Ficosa Group
*Disclaimer: Major Players sorted in no particular order
Automotive Smart Antenna Market News
- January 2022: MGV, a firm that does visualization of electromagnetic waves, and realization of precise and performs tests of antennas and wireless connectivity, announced that it would supply automotive antenna measurement tools to SGS, a testing, and certification firm.
- September 2021: TE Connectivity, a manufacturer of sensors, antennas, and other connectivity equipment, announced the strategic acquisition of Laird Connectivity which manufactures wireless modules, IoT devices, and antennas.
- January 2021: Harman International introduced 5G TCU with Smart Conformal Antenna, which is designed to address challenges by combining multiple antennas in a single module that can be mounted on the vehicle's body surface and covered with a waterproof, non-conductive cover.
Automotive Smart Antenna Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Markt Size by Value - USD Billion)
5.1 By Antenna Type
5.1.1 Shark-fin Antenna
5.1.2 Fixed Mast Antenna
5.1.3 Others (Pillar, Element, etc.)
5.2 By Frequency
5.2.1 High Frequency
5.2.2 Very High Frequency
5.2.3 Ultra-High Frequency
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial vehicles
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Hella GmbH & Co. KGaA
6.2.2 Robert Bosch GmbH
6.2.3 Continental AG
6.2.4 TE Connectivity
6.2.5 Huf Huelsbeck & Fuerst GmbH & Co. KG
6.2.6 MD ELEKTRONIK GmbH
6.2.7 Ericsson Antenna Technology Germany GmbH
6.2.8 Ficosa Group
6.2.9 Harman International
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Smart Antenna Industry Segmentation
Automotive smart antenna are designed for transmitting and receiving signals from vehicle electronics devices through wireless devices. The smart antenna provides information about vehicle safety and is mounted either at the front in glass or at the rear of the vehicle.
The Automotive Smart Antenna Market is segmented by Antenna Type, frequency, vehicle type, and geography. Based on the Antenna Type, the market is segmented into Shark-fin, Fixed Mast, and Others. Based on the Frequency, the market is segmented into High Frequency, Very High Frequency, and Ultra-High Frequency. Based on the Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. For each segment, the market sizing and forecast have been done based on the value (USD Billion).
| By Antenna Type | |
| Shark-fin Antenna | |
| Fixed Mast Antenna | |
| Others (Pillar, Element, etc.) |
| By Frequency | |
| High Frequency | |
| Very High Frequency | |
| Ultra-High Frequency |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial vehicles |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Automotive Smart Antenna Market Research FAQs
What is the current Automotive Smart Antenna Market size?
The Automotive Smart Antenna Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Automotive Smart Antenna Market?
HELLA GmbH & Co. KGaA, Robert Bosch GmbH, TE Connectivity, Continental AG and Ficosa Group are the major companies operating in the Automotive Smart Antenna Market.
Which is the fastest growing region in Automotive Smart Antenna Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Smart Antenna Market?
In 2024, the Europe accounts for the largest market share in Automotive Smart Antenna Market.
What years does this Automotive Smart Antenna Market cover?
The report covers the Automotive Smart Antenna Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Smart Antenna Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Smart Antenna Industry Report
Statistics for the 2024 Automotive Smart Antenna market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Smart Antenna analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
