The growth potential of the smart antenna market from 2028 to 2022 increased at a CAGR of 1.6%. The report also identifies that the market will register an accelerating growth momentum at a CAGR of 9.1% during the forecast period 2023-2033. Factors that have a positive and negative impact on market growth are also covered in this report.
NEWARK, Del., November 16, 2023 (Globe Newswire) — The global automotive smart antenna market value is expected to increase from November 16, 2023. $6,643.2 Up to 1 million people in 2023 $15,754.6 By 2033, global demand for automotive smart antennas is expected to surge at a CAGR. 9.1%. Automotive smart antennas are in increasing demand from various automotive sectors and this trend is expected to continue till 2033.
The growing demand for reliable communication and connectivity in vehicles is driving the demand for in-vehicle smart antennas. Similarly, rapidly growing electric vehicle fleets and increasing government commitments to vehicle electrification are also key factors accelerating growth.
Smart antennas facilitate enhanced in-car entertainment offerings, allowing passengers to enjoy features such as music and video streaming, and interactive content, creating a superior entertainment experience during their journey. This growing demand for entertainment features is driving the use of smart antennas.
Request a sample report: Enhance your industry understanding with valuable insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-8257
Car owners are increasingly expecting uninterrupted access to a wide range of digital services while on the road. This includes real-time navigation, top-notch infotainment, and the ability to stay connected to your smart devices. Smart antennas enable vehicles to meet these requirements by providing robust and reliable in-vehicle communications.
In terms of vehicle type, the passenger car segment is expected to dominate the global automotive smart antenna industry until 2033. 56.9% On the other hand, the HCV segment is 10.4% Until 2033.
Important points from Automotive smart antenna market report –
-
The global market for automotive smart antennas is predicted to grow rapidly. 9.1% CAGR until 2033.
-
By vehicle type, the total assessed value of the passenger car sector is 3,784.2 million USD By 2033.
-
By sales channel, OEM segment is expected to hold market share. 85.9% In 2023.
-
East Asia is expected to account for a large share of approx. 40.6% In 2033.
-
US market value is expected to reach: 1,137.3 million USD By 2033.
-
China is 2,208.6 million USD By 2033.
-
Demand in Japan is expected to increase further in the future. CAGR of 9.0% Until 2033.
“The automotive smart antenna market is driven by the growing demand for reliable connectivity solutions, enhanced in-car entertainment, real-time navigation requirements, demand for connectivity for telematics services, and the popularity of self-driving cars in several sectors. We are poised for healthy growth due to increased vehicle types.” -Nikhil Kaitwade, Associate Vice President, Future Market Insights, Inc.
Report scope:
attribute |
detail |
Automotive smart antenna market size estimation (2023) |
6,643.2 million USD |
Automotive smart antenna market size forecast (2033) |
15,754.6 million USD |
Expected growth rate (2023-2033) |
CAGR of 9.1% |
historical data |
From 2018 to 2022 |
Forecast period |
From 2023 to 2033 |
quantitative unit |
Value (in millions of USD) and quantity (in thousands) |
Report scope |
Revenue forecast, volume forecast, company ranking, competitive environment, growth factors, trends, price analysis |
Target market segment |
|
Target area |
|
Main countries covered |
|
Overview of major companies |
Competitive environment:
TE Connectivity, Continental AG, Laird Connectivity, Harada, Yageo Corporation, TDK Corporation are the key manufacturers of the Automotive Smart Antenna market profiled in the full report.
Leading companies are focused on strategic partnerships with automakers to provide cost-effective solutions to consumers. We also invest in developing new products and expanding innovations in existing products to meet end-user demand.
Recent developments –
-
August 2023TE Connectivity acquires Schaffner to accelerate growth and diversification.
-
July 2022Linx Technologies was acquired by TE Connectivity.
-
In July 2022, Maruti Suzuki has announced that it will launch a new high-rider-based SUV, the Vitara, in India. The car is equipped with an antenna shaped like a shark fin.
-
In May 2022, Hyundai has launched a new model of its existing mid-sized sedan, the Grand i10 Nios, called the Business Edition, which is equipped with a shark fin antenna.
-
In October 2022, Robert Bosch has invested US$260 million to expand appliance manufacturing at its North Charleston facility.
Evolve your business strategy! Purchase the report for market-driven insights. https://www.futuremarketinsights.com/checkout/8257
Further Insights on the Automotive Smart Antenna Market Report
Future Market Insights (FMI), in its latest report, provides an unbiased analysis of the global Automotive Smart Antenna market with historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
This study includes persuasions regarding the Automotive Smart Antenna market based on frequency (Very High Wave, Very High Frequency, Microwave), Vehicle Type (Passenger Car, LCV, HCV, Electric Vehicle), Product Type (Cellular Antenna, GPS Antenna, Wi-Fi) Includes powerful insights. Fi antenna, Bluetooth antenna, etc.), Application (exterior, interior), Sales channel (OEM, aftermarket), Region (North America, Central and South America, Western Europe, Eastern Europe, East Asia, South Asia/Pacific, Middle East, Africa)
Automotive smart antenna market segmentation
By frequency:
-
ultra high frequency
-
very high frequency
-
microwave oven
By vehicle type:
-
passenger car
-
LCV
-
HCV
-
Electric car
By product type:
-
cellular antenna
-
GPS antenna
-
Wi-Fi antenna
-
Bluetooth antenna
-
others
By application:
By sales channel:
author:
Nikhil Kaitwade (Vice President, Future Market Insights, Inc.) has over 10 years of experience in market research and business consulting. He has successfully completed over 1,500 of his client assignments, primarily in the automotive, chemical, industrial equipment, oil and gas, and service industries.
His core competencies center around developing research methodologies, proprietary analytical frameworks, creating statistical data models for price analysis, competitive mapping, and market feasibility analysis. His expertise extends broadly beyond analysis, advising clients on identifying growth potential in established niche market segments, investment/sale decisions, and market entry decisions.
Nikhil holds an MBA degree in Marketing and IT and a postgraduate degree in Mechanical Engineering. Nikhil has authored several publications and has been cited in journals such as EMS Now, EPR Magazine, and EE Times.
Check out FMI’s wide range of services in the automotive sector:
Automotive Wiring Harness Market Size: This market is expected to grow at a significant CAGR of 8% by 2033. The market valuation is expected to reach USD 119.31 billion by 2033.
Automotive Fuel Gauge Transmission Unit Market Overview: The market demand is estimated to grow by 3.1% in 2022 and reach USD 3,242.2 million in 2023. Over the assessment period 2023 to 2033
APAC Automotive Telematics Market Review: The market size is expected to be USD 93.9 billion in 2023 and is projected to increase to USD 414.5 billion by 2033.
Smart Motor Market Forecast: Global market valuation reaches USD 1.9 billion and will expand at a steady pace of 5.2% from 2023 to 2033, eventually reaching a staggering value of USD 3.2 billion by 2033 is expected to reach.
Automotive Suspension Systems Market Analysis: The market size is expected to exceed the valuation of USD 100,875.9 million by 2033. Our automotive analysts believe that this market maker can expect a CAGR of 4.5% by 2033 and its current valuation will be USD 64,956.8 million. In 2023.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Winner, Greater New York Chamber of Commerce Member) provides deep insight into the drivers driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting, and events for the packaging, food and beverage, consumer technology, healthcare, industrial, and chemical markets. With a large team of over 5,000 analysts located around the world, FMI provides global, regional and local expertise on diverse sectors and industry trends in over 110 countries.
inquiry:
Nandini Singh Sawarani
Future Market Insights Co., Ltd.
Christiana Corporate, 200 Continental Drive;
Suite 401, Newark, Delaware – 19713, USA
Phone: +1-845-579-5705
Sales inquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blog | YouTube