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Automotive Smart Antenna Market Size

Report ID: GMI8151
Published Date: Feb 2024
Report Format: PDF

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Automotive Smart Antenna Market Size

Automotive Smart Antenna Market size was valued at USD 2.9 billion in 2023 and is estimated to register a CAGR of over 6.5% between 2024 and 2032. As more vehicles are equipped with advanced connectivity features, there is a rising demand for smart antennas that enable seamless communication and connectivity.

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According to the Society of Indian Automobile Manufacturers, the sales of passenger vehicles increased from 3,069,523 units to 3,890,114 units during the transition from 2021-22 to 2022-23. Smart antennas enhance signal reception, improve data transmission rates, and support various connected services such as navigation, infotainment, and telematics. This increasing integration of smart antenna technology into passenger vehicles is fueling market expansion in the automotive industry.

Automotive Smart Antenna Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Smart Antenna Market Size in 2023:	USD 2.9 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.5%
2032 Value Projection:	USD 5.3 Billion
Historical Data for:	2018 - 2023
No. of Pages:	265
Tables, Charts & Figures:	400
Segments covered:	Vehicle, Component, Antenna, Frequency, Sales Channel
Growth Drivers:	Increasing demand for connected vehicles Advancements in communication technologies Emphasis on vehicle safety and autonomous driving Stringent government regulations mandating the inclusion of safety features, such as emergency call (eCall) systems
Pitfalls & Challenges:	Cost and complexity of implementation Interference and compatibility issues

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The increasing demand for connected vehicles is a significant factor in the automotive smart antenna market expansion. Modern consumers expect vehicles equipped with advanced connectivity features including seamless integration with smartphones, internet access, and real-time data services. Smart antennas play a vital role in enabling these capabilities by ensuring reliable and high-speed communication between the vehicle and external networks. As automakers strive to meet consumer preferences for connected experiences, the adoption of smart antennas continues to grow, propelling market expansion.

As vehicle technologies advance, ensuring the seamless integration of smart antennas with existing systems and communication protocols becomes increasingly complex. Compatibility issues may arise due to differences in hardware and software standards among various vehicle models and manufacturers. Overcoming these challenges requires robust R&D efforts to develop versatile smart antenna solutions that can seamlessly integrate with a wide range of vehicle platforms and communication networks.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive smart antenna reached USD 2.9 billion in 2023 and is set to witness 6.5% CAGR from 2024 to 2032, owing to rising demand for smart antennas that enable seamless communication and connectivity worldwide.

The passenger cars segment exceeded USD 1.6 billion in 2023, due to the introduction of innovative transparent antennas with enhanced vehicle telecommunications capabilities.

Asia Pacific market recorded over 40% revenue share in 2023, attributed to the rising consumer demand, increasing industrialization, and favorable government policies in the region.

Airgain Inc., Continental AG, Denso Corporation, Harman International, Laird, NXP Semiconductors, Schaffner, TE Connectivity, WISI Automotive GmbH, and World Products Inc., are some of the major automotive smart antenna companies worldwide.