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Automotive Smart Antenna Market is exhibiting to grow at a CAGR of 12.2% to reach a value of US$ 12.45 Billion by 2032

Automotive Smart Antenna Market

The automotive smart antenna connects wireless devices, Bluetooth devices, 3G/4G services, and other devices by receiving and transmitting signals. You can connect using a wired or wireless medium. An automotive smart antenna is necessary for all wireless data related to vehicle security and safety. Automotive smart antennas are typically positioned at the front under glass, on the metallic roof, on the spoiler, or the rear bumper of traditional cars. In contrast, the deck lid or spoiler of a convertible automobile is where the automotive smart antenna is mounted. The conventional automotive antenna is wired or attached to cables to informatics devices. The installation of an automotive smart antenna, however, does not require any cables or wire bundles. Thus, the issue of signal loss has been lessened.

Automotive smart antenna sales, which were estimated to be worth US$ 3.44 billion in 2021, are projected to rise to US$ 3.94 billion in 2022, representing a 14.5 percent y-o-y growth. The market is anticipated to expand at a CAGR of 12.2% during the assessment period, reaching a value of US$12.45 billion.

The automotive smart antenna is regarded as one of the key components of position locating systems like GPS systems and is also a crucial component of telematics devices and systems that are used to quickly determine a vehicle’s location.

Dynamics of the Automotive Smart Antenna Market

The global automotive smart antenna market is anticipated to experience growth in the ensuing years due to the steadily rising incorporation of positioning and wireless technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in automobiles. Furthermore, it is anticipated that in the upcoming years, the worldwide automotive smart antenna market will take on a new shape due to the growing awareness of the importance of vehicle safety as well as the introduction of intelligent vehicle technology and associated services. Additionally, it is projected that over the next 10 years, the first fit and after fit markets for automotive smart antennas would grow along with expanding production and fleets of automobiles.

Key Participant:

  • Continental AG
  • Hirschmann Car Communication
  • Laird
  • West Corporation
  • Ficosa Internacional SA
  • STMicroelectronics
  • Antenova M2M
  • Ace Technologies Corp.

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