Skip to main content

Automotive Smart Antenna Market Expected to Witness High Growth by 2032

 As per the report published by FMI, the global automotive smart antenna market is projected to have a rapid-paced CAGR of 12.2% during the forecast period. The current valuation of the market is US$ 3.94 Billion in 2022. The market value of automotive smart antennas is anticipated to reach a high of US$ 12.45 Billion by the year 2032. The base year recorded a valuation of US$ 3.44 Billion.

The automotive smart antenna is anticipated to play an integral role in establishing communication to enhance the safety and performance of the vehicles. This product is allowing original equipment manufacturers (OEMs) to fulfill customer requirements for infotainment services.

While analyzing the automotive smart antenna market, an expert analyst reveals that gradual increase in the incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in vehicles is expected to drive the global automotive smart antenna market in the current and future years.

According to the findings of Future Market Insights, smart antennas are expected to reduce the overall costs and weight of automobiles with the benefits of easier cable routing and reduced cable length, without affecting the overall design of the automotive since they are completely invisible. Improvised connectivity in automobiles is enhancing the user’s experience such as a stronger interface community, active steering, and improved connectivity.  Therefore, the automotive smart antenna market is likely to have a significant rise in demand during the estimated period.

FMI has analyzed that automotive smart antennas are becoming the most pivotal component of position location systems and they are also crucial in telematics devices, allowing easy detection of locations. However, the lack of developed infrastructure in some developing countries may create a barrier to wireless technology and in-vehicle connectivity, hampering the progression of the automotive smart antenna in the coming years.

Key Takeaways from the Automotive Smart Antennas Market

  • Asia Pacific region is projected to dominate the global automotive smart antenna market with a market valuation of US$ 4,394.07 by 2032.
  • The current market valuation for automotive smart antennas stands at US$ 3.94 Billion in 2022. 
  • The automotive smart antenna market is anticipated to record a CAGR of 12.2% during the period 2022-2032.
  • Passenger Vehicles segment is identified to be the largest adopter of automotive smart 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

Competition Landscape in the Automotive Smart Antennas Market 

The market can be described as a competitive market. The key companies have adopted several strategies to broaden their customer base worldwide. Furthermore, the manufacturers are indulging in several growth strategies with frequent innovation of smart automotive smart antennas to provide consumers with a seamless, safe, and comfortable experience.

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 key players in the market.

For More Info@ https://www.futuremarketinsights.com/reports/automotive-smart-antenna-market

Recent Developments in the Automotive Smart Antennas Market:

  • In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and announced to launch of the Revie Flex 700 flexible PCB antennas. This product is launched to accelerate the development of wireless products for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would help the company to enhance its product portfolio and increase its revenue in the near future.

  • In May 2020, Airgain, Inc. launched their new product, high-power user equipment (HPUE) antenna-modem platform for the First Responder Network Authority (FirstNet) network using a module from Assure Wireless. This platform will enable superior performance for 4G and 5G communications. This will enhance the company’s product portfolio.

  • In January 2019, Hella showcased its sensible and protected mobility options at the North American International auto exhibit which is the greatest motor exhibit in the USA.

  • In 2018, Hirschman Car Communication/TE Connectivity has introduced its Remote Tuner Module the subsequent step in vehicles’ radio technology.

  • In 2018, Hella launched its new joint project with the business enterprise BHAP, offering digital components, 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.

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Frozen Fruits Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

 The Frozen Fruits Market has witnessed remarkable growth in recent years, driven by consumers' increasing preference for convenient and nutritious food options. Frozen fruits have become a popular choice among health-conscious individuals and busy households, offering a quick and easy way to incorporate the goodness of fruits into daily meals, smoothies, and desserts. These fruits are picked at the peak of ripeness and flash-frozen to lock in their natural flavors and nutritional value, making them a tasty and nutritious choice year-round. One of the key factors propelling the growth of the Frozen Fruits Market is the rising awareness of the health benefits associated with frozen fruits. They are often nutritionally comparable to fresh fruits, as freezing preserves vitamins and minerals. Additionally, frozen fruits are free from artificial preservatives or additives, making them an attractive option for those seeking a natural and wholesome diet. Their long shelf li...
Post a Comment
Read more

Kelp Market Future Trends, Industry Size and Forecast to 2032

 The kelp market is experiencing significant growth and is poised to become a prominent player in the global food and agriculture industry. Kelp, a type of large brown seaweed, offers a wide range of benefits and applications, driving its increasing demand across various sectors. First and foremost, the nutritional value of kelp makes it highly sought after. Packed with essential vitamins, minerals, and antioxidants, kelp offers a nutrient-rich addition to diets around the world. It is particularly valued for its high iodine content, which is vital for thyroid function and overall health. Additionally, kelp is a good source of fiber, calcium, iron, and other essential nutrients, making it a valuable ingredient for health-conscious consumers and dietary supplement manufacturers. The culinary world has also embraced the versatility of kelp. With its umami flavor and unique texture, kelp has become a popular ingredient in various cuisines. It is used in the preparation...
Post a Comment
Read more