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Automotive Antenna Market Overview:
Automotive Antenna Market size is estimated to reach $8.1 billion by 2030, growing at a CAGR of 5.4% during the forecast period 2023-2030. Increasing demand for connectivity and communication, rising adoption of advanced driver assistance systems (ADAS), growth in electric and autonomous vehicles, the evolution of connected car services, and advancements in antenna technologies such as multi-band antennas, phased array antennas, smart antennas, and miniaturization techniques are propelling the automotive antenna market's growth.
Additionally, the increasing integration of Advanced Driver Assistance Systems (ADAS) in vehicles is a significant driver behind the growth of the Automotive Antenna Market. ADAS technologies, aimed at enhancing safety and improving the driving experience, rely on sensors, cameras, and communication systems to collect and process data in real time. Automotive antennas are crucial in facilitating seamless communication between these systems, ensuring information's accurate transmission and reception. The rising demand for ADAS functionalities, driven by safety regulations and growing consumer awareness, is fueling the need for advanced automotive antennas that support reliable connectivity and enable effective decision-making. This presents lucrative business opportunities for antenna manufacturers to cater to the evolving requirements of the automotive industry.
Market Snapshot:
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Automotive Antenna Market - Report Coverage:
The “Automotive Antenna Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Antenna Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
● Covid had disrupted global supply chains, leading to delays and potential shortages of automotive antennas. The decline in vehicle production and sales, along with shifting consumer priorities and spending patterns, has decreased demand for automotive antennas. Adopting advanced technologies, such as ADAS and connected car systems, has been delayed. At the same time, the accelerated digital transformation of the automotive industry has highlighted the importance of in-car connectivity, potentially driving future demand for antennas. As the industry recovers, there is potential for a rebound in vehicle production and sales, which could positively impact the need for automotive antennas.
● The Ukraine-Russia conflict led to disruptions in supply chains, causing delays and shortages of antennas. Market instability and uncertainty arose, affecting automotive manufacturers and suppliers long-term investment decisions. The crisis also has region-specific effects, with production disruptions in Ukraine or Russia and potential increased demand in neighboring regions. Geopolitical factors, such as changes in trade policies, impacted the import and export of antennas. Additionally, the crisis influenced consumer demand, reducing confidence and vehicle sales. The exact impact will depend on the duration and severity of the problem and the responses of industry stakeholders.
Key Takeaways:
● Fastest growth of South America region
Geographically, in the global Automotive Antenna market share, South America is analyzed to grow with the highest CAGR of 6.3% during the forecast period 2024-2030. The region's booming automotive industry, driven by rising disposable income and urbanization, creates a strong demand for vehicles and the antennas that support their advanced technologies. Additionally, favorable government policies and incentives, coupled with South America's strong manufacturing capabilities and investments in research and development, contribute to the region's growth prospects. As a result, South America offers a promising market for automotive antenna manufacturers and suppliers, attracting increased investments and positioning the region for accelerated market expansion.
● Shark Fin Antenna Segment Dominates the Market
In the Automotive Antenna Market analysis, the Shark Fin Antenna segment is estimated to grow with the highest CAGR of 6.2% during the forecast period 2024-2030. Because of their high adaptability, shark fin antennas are better suited for uses including vehicle monitoring, communications, and navigation. They have a modern, inviting aesthetic and they are generally affordable, feature a variety of customization possibilities, and are simple to install. Shark fin antennas have a longer lifespan since they are tough and incredibly resilient. 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.
● Increasing demand for connected vehicles
The automotive industry is witnessing a rapid rise in the adoption of connected cars. These vehicles require robust and reliable communication systems to connect with external networks, such as cellular networks, GPS systems, and other vehicles. Antennas play a crucial role in establishing and maintaining these wireless connections, driving the demand for automotive antennas. In June 2022, Harxon cooperated with Neta Auto on several new model projects, providing intelligent connected vehicle antenna products for Hozon New Energy Automobile.
● Increasing automobile production
In recent years, there has been a massive demand for automobiles across the world. The automotive industry is experiencing growth globally, driven by factors such as increasing population, urbanization, and improving economic conditions. This growth leads to higher demand for vehicles, which in turn, driving the need for antennas. In January 2023, MG Motor India announced an investment of US$100 million to expand capacity and expect 70 percent growth in 2023.
● Antenna design along with performance is a challenge
Automotive antennas must have good performance while being small and attractive. Vehicles have limited space available for antenna installation. In order to create streamlined and compact antenna systems that don't conflict with other vehicle parts, designers must work within these spatial limitations. It can be difficult to create antennas that can fit within the limited space available on vehicles and still provide reliable signal reception is a challenge.
Automotive Antenna Market Share (%) By Region, 2023
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Antenna Market. The top 10 companies in this industry are listed below:
1. Kathrein-Werke KG
2. Harada Industry Co. Ltd
3. Laird Connectivity
4. Yokowo Co., Ltd
5. Continental AG
6. Ficosa International S.A.
7. Harman International Industries
8. TE Connectivity
9. DENSO Corporation
10. HELLA GmbH & Co. KGaA
Scope of Report:
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1. Automotive Antenna Market - Overview
1.1. Definitions and Scope
2. Automotive Antenna Market - Executive Summary
3. Automotive Antenna Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Automotive Antenna Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Automotive Antenna Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Automotive Antenna Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Automotive Antenna Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Automotive Antenna Market – By Type (Market Size – $Million/$Billion)
8.1. Planer Antenna
8.2. Non-Planer Antenna
9. Automotive Antenna Market – By Product Type (Market Size – $Million/$Billion)
9.1. Shark Fin Antenna
9.2. Glass Mount Antenna
9.3. Patch Antenna
9.4. External Whip Antenna
9.5. Others
10. Automotive Antenna Market – By Components (Market Size – $Million/$Billion)
10.1. Transceivers
10.2. Electronic Control Unit
10.3. Wiring Harness
10.4. Digital Bus
10.5. Connectors
11. Automotive Antenna Market – By Frequency Band (Market Size – $Million/$Billion)
11.1. High Frequency
11.2. Very High Frequency
11.3. Ultra-High Frequency
11.4. Others
12. Automotive Antenna Market – By Application (Market Size – $Million/$Billion)
12.1. V2N (Vehicle-to-Network)
12.2. V2I (Vehicle-to-Infrastructure)
12.3. V2P (Vehicle-to-Pedestrian)
12.4. V2V (Vehicle-to-Vehicle)
12.5. V2G (Vehicle-to-Grid)
12.6. Others
13. Automotive Antenna Market – By Vehicle Type (Market Size – $Million/$Billion)
13.1. Passenger Vehicles
13.2. Commercial Vehicles
14. Automotive Antenna Market – By Sales Channel (Market Size – $Million/$Billion)
14.1. OEMs
14.2. Aftermarket
15. Automotive Antenna Market – By Geography (Market Size – $Million/$Billion)
15.1. North America
15.1.1. The U.S.
15.1.2. Canada
15.1.3. Mexico
15.2. Europe
15.2.1. UK
15.2.2. Germany
15.2.3. France
15.2.4. Italy
15.2.5. Spain
15.2.6. Russia
15.2.7. Rest of Europe
15.3. Asia-Pacific
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Australia & New Zealand
15.3.6. Rest of Asia-Pacific
15.4. South America
15.4.1. Brazil
15.4.2. Argentina
15.4.3. Chile
15.4.4. Colombia
15.4.5. Rest of South America
15.5. Rest of the World
15.5.1. Middle East
15.5.2. Africa
16. Automotive Antenna Market – Entropy
17. Automotive Antenna Market – Industry/Segment Competition Landscape Premium
17.1. Market Share Analysis
17.1.1. Market Share by Product Type – Key Companies
17.1.2. Market Share by Region – Key Companies
17.1.3. Market Share by Country – Key Companies
17.2. Competition Matrix
17.3. Best Practices for Companies
18. Automotive Antenna Market – Key Company List by Country Premium Premium
19. Automotive Antenna Market - Company Analysis
19.1. Kathrein-Werke KG
19.2. Harada Industry Co. Ltd
19.3. Laird Connectivity
19.4. Yokowo Co., Ltd
19.5. Continental AG
19.6. Ficosa International S.A.
19.7. Harman International Industries
19.8. TE Connectivity
19.9. DENSO Corporation
19.10. HELLA GmbH & Co. KGaA
· "Financials to the Private Companies would be provided on best-effort basis."
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The Automotive Antenna Market is projected to grow at 5.4% CAGR during the forecast period 2024-2030.
Global Automotive Antenna Market size is estimated to be $5.6 billion in 2023 and is projected to reach $8.1 billion by 2030
The leading players in the Automotive Antenna Market are Kathrein-Werke KG, Harada Industry Co. Ltd, Laird Connectivity, Yokowo Co., Ltd, Continental AG and others.
Advancements in antenna technologies such as multi-band antennas, phased array antennas, smart antennas, and miniaturization techniques are some of the major Automotive Antenna Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing demand for connectivity and communication, Increasing automobile production are the driving factors of the market. Rising adoption of advanced driver assistance systems (ADAS) and integration of antennas into vehicle design are the growth opportunities for the market during the forecast period.