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(I-AutoNewsWire.com, May 26, 2021 ) The Global Automotive Smart Antenna Market size is expected to grow from $2.3 billion in 2018 to $5.9 billion by 2025, at a CAGR of 14.2% during the forecast period.
The major driving factors in the automotive smart antenna market are growing cellular applications of connected vehicles and an increase in demand for connectivity-based safety features.
The major automotive smart antenna vendors include Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).
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The very high-frequency segment holds the largest share in the automotive smart antenna market, by frequency
Very high frequency ranges between 800 MHz and 2000 MHz. The navigation-related feature is one of the prominent and leading applications in the automotive industry. The navigation and cellular connectivity applications include convenience and safety features. The convenience features are in high demand from the customer end, whereas connectivity-based safety features are being mandated by the government. The growing concerns over traffic congestion and the rising demand for dashboard features are the primary factors supporting the very high-frequency segment in the automotive smart antenna market. Hence, the very high-frequency segment is estimated to contribute the largest revenue share in the automotive smart antenna market.
Ultra-high frequency is expected to grow at the highest CAGR in the global automotive smart antenna market during the forecast period
The applications of ultra-high frequency are based on long-range communication. Applications such as satellite radio (SDARS), digital video broadcasting (DVB), cellular connectivity, WLAN, and V2V communication fall under ultra-high frequency. The ultra-high frequency segment is estimated to be the fastest owing to an increase in the number of connected cars. The connected car concept has brought the next growth cycle for the automotive industry with loads of convenience and safety features. These features are making the ultra-high frequency segment grow at the highest CAGR during the forecast period.
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The Asia Pacific is expected to hold the largest market size in the automotive smart antenna market during the forecast period
The Asia Pacific automotive smart antenna market is estimated to be the largest, in terms of value, in 2018. As connectivity-based safety regulations have been established in Japan and South Korea, the demand for smart antennas in these countries is anticipated to increase during the next 5 years.
The European automotive smart antenna market is estimated to be the second-largest, by value, in 2018. The increasing concerns over the safety of vehicles and passengers on the road have led to the adoption of intelligent transportation systems in Europe. The European Transport Safety Council (ETSC) focuses on the adoption of intelligent transportation systems. Also, the European countries have a strong network infrastructure to provide seamless services for connected cars. Hence, Europe presents a major growth opportunity for the automotive smart antenna market.
Mr. Aashish Mehra