The Asia Pacific Automotive Smart Antenna Market is being considerably pushed by robust financial progress. Europe is anticipated to account for a vital half of the worldwide automotive good antenna business.
NEWARK, Del., Oct. 13, 2022 /PRNewswire/ — As per the report printed by FMI, the worldwide automotive smart antenna market is projected to have a rapid-paced CAGR of 12.2% during the forecast interval. The present valuation of the market is US$ 3.94 Billion in 2022. The market worth of automotive good antennas is anticipated to attain a excessive of US$ 12.45 Billion by the yr 2032. The base yr recorded a valuation of US$ 3.44 Billion.
The automotive good antenna is anticipated to play an integral function in establishing communication to improve the protection and performance of the autos. This product is permitting unique gear producers (OEMs) to fulfill buyer necessities for infotainment providers.
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While analyzing the automotive good antenna market, an skilled analyst reveals that gradual enhance within the incorporation of wi-fi know-how and positioning applied sciences akin to Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting applied sciences in autos is anticipated to drive the worldwide automotive good antenna market within the present and future years.
According to the findings of Future Market Insights, good antennas are anticipated to scale back the general prices and weight of cars with the advantages of simpler cable routing and decreased cable size, with out affecting the general design of the automotive since they’re fully invisible. Improvised connectivity in cars is enhancing the person’s expertise akin to a stronger interface neighborhood, energetic steering, and improved connectivity. Therefore, the automotive good antenna market is probably to have a vital rise in demand during the estimated interval.
FMI has analyzed that automotive good antennas have gotten probably the most pivotal part of place location techniques and they’re additionally essential in telematics units, permitting straightforward detection of places. However, the shortage of developed infrastructure in some creating international locations could create a barrier to wi-fi know-how and in-vehicle connectivity, hampering the development of the automotive good antenna within the coming years.
Key Takeaways from the Automotive Smart Antennas Market
- Asia Pacific area is projected to dominate the worldwide automotive good antenna market with a market valuation of US$ 4,394.07 by 2032.
- The present market valuation for automotive good antennas stands at US$ 3.94 Billion in 2022.
- The automotive good antenna market is anticipated to file a CAGR of 12.2% during the interval 2022-2032.
- Passenger Vehicles section is recognized to be the most important adopter of automotive good antennas.
“The rising concern about traffic congestion and the increasing demand for dashboard features are likely to create lucrative growth opportunity for the market players of the automotive smart antennas market.” – Says an FMI Analyst
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Competition Landscape within the Automotive Smart Antennas Market
The market will be described as a aggressive market. The key corporations have adopted a number of methods to broaden their buyer base worldwide. Furthermore, the producers are indulging in a number of progress methods with frequent innovation of good automotive good antennas to present customers with a seamless, protected, and snug expertise.
Ace Technologies Corp., Antenova Ltd., Beijing BDStar Navigation Co. Ltd., Calearo Antenne SPA, Continental AG, Harada Industry Co. Ltd., INFAC Corp., INPAQ Technology Co. Ltd., Koch Industries Inc., Lorom Industrial Co. Ltd., LS MTRON Ltd., Panasonic Corp., Samsung Electronics Co. Ltd. are some of the important thing gamers within the market.
Key Segments Covered within the Automotive Smart Antenna Report
By Frequency:
- Ultra-High Frequency Automotive Smart Antenna
- Very High Frequency Automotive Smart Antenna
- High Frequency Automotive Smart Antenna
By Component:
- Automotive Smart Antenna
- Automotive Smart Tuner
- Automotive Smart Transceivers
By Vehicle Type:
- Automotive Smart Antenna for Passenger Cars
- Automotive Smart Antenna for Light Commercial Vehicles
- Automotive Smart Antenna for Heavy Commercial Vehicles
- Automotive Smart Antenna for Battery Electric Vehicles
- Automotive Smart Antenna for Plug-in Hybrid Vehicles
By Sales Channel:
- Automotive Smart Antenna Sales by way of OEMs
- Automotive Smart Antenna Sales by way of OESs
- Automotive Smart Antenna Sales by way of IAMs
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Recent Developments within the Automotive Smart Antennas Market:
- In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and introduced to launch of the Revie Flex 700 versatile PCB antennas. This product is launched to speed up the event of wi-fi merchandise for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would assist the corporate to improve its product portfolio and enhance its income within the close to future.
- In May 2020, Airgain, Inc. launched their new product, high-power person gear (HPUE) antenna-modem platform for the First Responder Network Authority (FirstInternet) community utilizing a module from Assure Wireless. This platform will allow superior performance for 4G and 5G communications. This will improve the corporate’s product portfolio.
- In January 2019, Hella showcased its smart and protected mobility choices at the North American International auto exhibit which is the best motor exhibit within the USA.
- In 2018, Hirschman Car Communication/TE Connectivity has launched its Remote Tuner Module the next step in autos’ radio know-how.
- In 2018, Hella launched its new joint challenge with the business enterprise BHAP, providing digital elements, as HELLA BHAP Electronics Co., Ltd. • In September 2018, Airgain, Inc. launched OptumX antenna, a shot-glass MIMO LTE antenna.
- In September 2018, Airgain, Inc. launched MULTIMAX FV 5-in-1 & 6-in-1 antennas.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node within the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Automotive Smart Antenna Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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About FMI – Automotive and Transportation
The Automotive and Transportation division of FMI supplies unique protection and actionable insights about automotive and transportation business encompassing automotive, aviation, transport and marine, and railway sectors. Market findings and competitors intelligence of OEM, aftermarket, providers and know-how panorama have helped quite a few business stakeholders’ proper from automakers, part producers, channel companions and service suppliers in taking knowledgeable selections and retaining them up-to-date with market behaviour.
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About Future Market Insights, Inc.
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