Automotive Smart Antenna Market Poised to Reach $5.2 Billion by 2030

 The global automotive smart antenna market is projected to grow from USD 2.5 billion in 2023 to USD 5.2 billion by 2030, at a CAGR of 10.9% during the forecast period. The increased demand for connected car features, in-vehicle infotainment, autonomous vehicles, and safety norms has increased the adoption of smart antennas globally. The smart antennas also provide high-speed, low-latency communication and real-time data exchange, making them suitable for the upcoming 5G technology.

The BEVs hold the largest market for smart antenna demand. The sales of BEVs are increasing, creating a new revenue pocket for the automotive smart antenna market. As BEVs become increasingly prevalent, they bring forth various advanced technologies and connectivity features that rely on robust communication systems. Smart antennas are pivotal in facilitating seamless connectivity within BEVs, supporting functions such as real-time data transmission, remote monitoring, and over-the-air updates for software and firmware. BEVs often come equipped with sophisticated infotainment systems, telematics, and advanced driver-assistance systems (ADAS), all of which depend on reliable communication networks. Smart antennas, particularly those capable of operating in higher frequency bands, enable faster data transfer rates, low-latency communication, and improved connectivity, enhancing the electric vehicle user experience. Integrating these advanced antennas in BEVs addresses the growing consumer demand for connectivity. It opens up new revenue streams for the automotive smart antenna market as manufacturers seek innovative solutions to meet the evolving technological requirements of the electric vehicle landscape.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29612374

The shark-Fin antennas are the fastest-growing antennas. Shark-Fin antennas offer a sleek and multifunctional design that aligns with the evolving demands of modern vehicles. These antennas, often integrated into a shark-fin-shaped housing on the vehicle's roof, serve as aesthetic enhancements and as a hub for various communication functionalities. With the increasing integration of advanced technologies in automobiles, including GPS, cellular connectivity, satellite radio, and, more recently, connectivity for autonomous vehicles, shark-fin antennas provide a consolidated and efficient solution. This consolidation of multiple antennas into a single housing contributes to a more streamlined and visually appealing vehicle design and optimizes space utilization. As automotive manufacturers seek to enhance their vehicles' connectivity and communication capabilities, the adoption of shark-fin antennas becomes pivotal. This trend is expected to drive the demand for smart antennas in the automotive sector, creating a new avenue for revenue growth as the market continues to evolve towards more connected and intelligent vehicles.

The transceiver segment by component type holds the largest market share in the component type of automotive smart antenna market. The transceiver enhances the connectivity and communication capabilities within vehicles. As vehicles become increasingly connected and autonomous, the demand for efficient, high-performance transceiver components has surged. Smart antennas with advanced transceivers enable seamless communication with external infrastructure, fellow vehicles, and the cloud, supporting various applications such as real-time navigation updates, advanced driver-assistance systems (ADAS), and high-speed data transfer. The revenue potential lies in the ability of these transceivers to provide reliable and high-bandwidth connectivity, ensuring optimal performance for emerging automotive technologies. Manufacturers offering innovative transceiver solutions that cater to the growing requirements of connected vehicles stand to tap into this emerging revenue stream. As the automotive industry continues its trajectory towards smarter and more connected vehicles, the significance of transceiver components within smart antennas is expected to translate into a distinct revenue-generating opportunity for companies operating in the automotive smart antenna market.

The ultra-high segment is the fastest-growing segment. The utilization of ultra-high frequency (UHF) automotive smart antennas, operating within the range of 4000 MHz to 6000 MHz, presents a substantial opportunity for generating new revenue pockets in the automotive smart antenna market. These antennas cater to the increasing demand for advanced connectivity and communication systems in modern vehicles. The expanded frequency range allows for higher data transfer rates, making them integral components for emerging technologies such as 5G-enabled connectivity in the automotive sector. The enhanced performance of UHF antennas enables seamless communication between vehicles, infrastructure, and the cloud, supporting applications like advanced driver-assistance systems (ADAS), real-time navigation, and immersive infotainment. Adopting UHF antennas becomes pivotal as automotive manufacturers prioritize integrating sophisticated features to enhance the driving experience. The rise in sales of connected and autonomous vehicles further propels the demand for UHF antennas, creating a new revenue stream as the automotive industry evolves toward a more connected and technologically advanced future. Manufacturers focusing on developing and providing UHF automotive smart antennas are poised to tap into this growing market segment and capitalize on the expanding opportunities in the automotive smart antenna landscape.

The Asia Pacific region is projected to be the most prominent automotive smart antenna market. An increase in vehicle production and improved 5G infrastructure have boosted the demand for automotive smart antennas for vehicles in Asia Pacific. Countries like China, India, and Japan contributed to the market's growth. China is considered the manufacturing hub for the automotive sector. According to MarketsandMarkets, China and India produce approximately 25 million vehicles yearly. Also, China will account for approximately ~60% of the overall automotive smart antenna market in the Asia Pacific region in 2023.

Key Players

Major manufacturers in the automotive smart antenna market include Continental AG (Germany), Denso Corporation (Japan), TE Connectivity (Switzerland), Forvia (France), and Ficosa Internacional SA (Spain).

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=29612374