Smart car antenna market

The global smart car antenna market is expected to grow at a robust CAGR of 7.5% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global automotive smart antenna market is analyzed in full detail in the report, which provides readers with a complete overview of the market’s leading drivers and restraints, major segments, and leading players.

Automotive smart antennas are becoming increasingly popular due to the growing demand for connected car technology and in-car infotainment. The growing demand for driver convenience and comfort has driven the need for strong infotainment units capable of providing telecommunications as well as online and radio connectivity. The increasing demand for in-car infotainment units that can dock with the driver’s phone and provide seamless connectivity with the outside world has driven the need for automotive smart antenna. The increasing demand for advanced GPS services and other wireless communication services in vehicles is likely to drive the demand from the global automotive smart antenna market over the forecast period.

The growing demand for connected cars is likely to be a major driver for the global automotive smart antenna market over the forecast period. Connected car technology is estimated to make road transportation significantly smoother by enabling communication between vehicles on the road. The growing demand for autonomous cars is also likely to be a major driver for the automotive smart antenna market in this respect, as vehicle to vehicle communication is a crucial reason for the use of autonomous cars. Automotive smart antennas play a fundamentally crucial role in enabling vehicle to vehicle communication, thus driving their demand in the automotive industry.

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Competitive Analysis:

Leading players in the global automotive smart antenna market include Laird, Kathrein SE, World Products Inc., Antenova M2M, Ace Technologies Corp., West Corporation, Hirschmann Car Communication GmbH, Continental AG, and Ficosa International S.A.

In February 2019, Continental AG completed the acquisition of Kathrein Automotive GmbH. This represents a major acquisition for Continental, as Kathrein is a leading manufacturer of intelligent vehicle antennas and significantly bolsters Continental’s product lineup.

Segmentation:

The global automotive smart antenna market is segmented on the basis of frequency, vehicle type, sales channel, and region.

By frequency, the global automotive smart antenna market is segmented into ultra-high frequency, very high frequency, and high frequency.

By vehicle type, the global automotive smart antenna market is segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicles.

By sales channel, the global automotive smart antenna market is segmented into OEMs, original equipment suppliers, and independent aftermarket sales.

Regional Analysis:

Asia Pacific is likely to dominate the global automotive smart antenna market over the forecast period due to the growing use of technologically advanced products in automotive applications in the region. The growing disposable income of consumers in Asia Pacific has driven the demand for technological sophistications, including wireless connectivity and infotainment systems. The growing demand for premium vehicles in Asia Pacific is likely to be a major driver for the global automotive smart antenna market over the forecast period. China and Japan have emerged as major tech leaders in the automotive industry in recent years on the back of the smooth growth of the automotive industry in these regions in recent years. This is likely to be a major driver for the automotive smart antenna market in Asia Pacific over the forecast period.

Europe is also likely to play a major role in the global automotive smart antenna market over the forecast period due to the strong presence of established automotive technology developers in the region. The automotive industry is considered to have its spiritual home in Central Europe, with Germany, France, and Italy housing many of the world’s leading car manufacturers. This is likely to drive the demand from the automotive smart antenna market in Europe over the forecast period, as the demand for premium vehicles equipped with the latest in connectivity tech is relatively high in Europe.

Similarly, North America is likely to play a leading role in the global automotive smart antenna market over the forecast period due to the high demand for cars and commercial vehicles equipped with technological sophistications. On the other hand, the Middle East, Africa, and Latin America are likely to exhibit relatively slow growth due to the low disposable income of consumers in these regions.