The Automotive Smart Antenna Market was valued at USD 3.0 Billion in 2021 and is projected to grow to USD 4.13 Billion in the coming years, registering a CAGR of 5.5% in terms of revenue during the forecast period.
The COVID-19 pandemic hindered the growth of the automotive industry across the globe in the year 2020. Several manufacturing industries were closed. The supply chain management and distribution channels were disrupted due to a shortage of raw materials. However, the automotive industry is now recovering from the losses and paving the way to introduce quality products to cater to the rising demand from consumers across the regions. The automotive industry witnessed significant growth in terms of production in 2021, which is likely to increase the demand for smart antenna during the forecast period.
Over the medium term, the rise in vehicle production and the increasing use of electronics in vehicles are likely to increase the demand for antenna during the forecast period. Growing demand for comfort and safety features in vehicles, which in turn is likely to witness major growth for the market during the forecast period.
Smart Antennas are used in almost all vehicles that come equipped with a factory-fitted infotainment system. Additionally, smart antennas are also a part of the cars that get connected to car features and an embedded sim for connectivity. Smart antennas are also used to identify spatial signal signatures, such as the Direction of Arrival (DOA) of the signal in vehicles, for better communication. Increasing the installation of safety and convenience systems in passenger cars and commercial vehicles and growing advancements in the communications field of vehicle electronics are expected to promote the market's growth.
With increasing vehicle sales, the adoption of smart antennas has also increased. Asia Pacific is expected to be the fastest-growing region, while Europe is the market leader. Growing demand for luxury vehicles across Asia-Pacific is likely to witness significant growth for the market during the forecast period.
Earlier, this type of antenna was offered in luxury sedans and SUVs. Even entry-level cars in developing automobile markets such as India are provided with shark-fin antennas. Driven by the increased adoption and technological advancements, the shark-fin antennas in the future may be even smaller and serve a wide range of purposes compared to a conventional antenna. For instance,
However, future technologies require multiple antennas to establish better communication signals. Although there is an option of installing various antennas, this will interfere with other antennas in proximity.
To eliminate this, TU Wien, Vienna University of Technology, has developed a special antenna box that can be integrated into the front area of the car roof. This technology has been tested, and results showed that the directionality of wireless signals is better around cars. The new antenna variants make cars extremely well-equipped for wireless requirements.
Manufacturers are currently working on a newer type of smart antenna that can replace the conventional antenna. In the future, data exchange will play a significant role in road transportation.
To retain their loyal consumer base, major premium car manufacturers are trying to improvise on the existing antennas or produce better hardware to stand out.
Although due to the global pandemic the global automotive industry saw a dip in sales as well as demand. However, with life returning to near normal, vehicle sales in the Asia-pacific region are expected to increase in the forecast period.
For instance, in 2021, in the Asia-Pacific region, the total number of vehicles sold equaled about 34 million units, which is 7% high than compared to 2020. Such an increase in vehicle sales is likely to witness major growth for the market during the forecast period.
As the majority of passenger cars come equipped with smart antennas, the increase in the demand and sales of vehicles is expected to drive the market in the Asia-pacific region. Additionally, the SUV segment being the most popular about the buyers, which is expected to have a significant share in the market. The sales of SUVs have gained significant traction with growing consumer preference towards owning a vehicle with better city driving in bad roads and for the better off-road experience.
Asia-Pacific countries are now witnessing a considerable spike in the demand for SUV and crossover vehicles over the past 3-4 years. With the SUVs finding their use in weekend off-road applications, the demand from the customer for better convenience and communication systems in this segment grew substantially which in-turn is driving the demand for smart antennas.
China is the largest market in terms of sales as well as vehicles produced. In 2021, SUVs occupied more than 46% of the total market share in passenger cars. Hence, in the coming years, the market share of SUVs is expected to grow aiding the Automotive Smart Antenna Market.
With the increase in vehicle sale and growing manufacturing industries across the region is likely to witness major growth for the market during the forecast period.
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The COVID-19 pandemic hindered the growth of the automotive industry across the globe in the year 2020. Several manufacturing industries were closed. The supply chain management and distribution channels were disrupted due to a shortage of raw materials. However, the automotive industry is now recovering from the losses and paving the way to introduce quality products to cater to the rising demand from consumers across the regions. The automotive industry witnessed significant growth in terms of production in 2021, which is likely to increase the demand for smart antenna during the forecast period.
Over the medium term, the rise in vehicle production and the increasing use of electronics in vehicles are likely to increase the demand for antenna during the forecast period. Growing demand for comfort and safety features in vehicles, which in turn is likely to witness major growth for the market during the forecast period.
Smart Antennas are used in almost all vehicles that come equipped with a factory-fitted infotainment system. Additionally, smart antennas are also a part of the cars that get connected to car features and an embedded sim for connectivity. Smart antennas are also used to identify spatial signal signatures, such as the Direction of Arrival (DOA) of the signal in vehicles, for better communication. Increasing the installation of safety and convenience systems in passenger cars and commercial vehicles and growing advancements in the communications field of vehicle electronics are expected to promote the market's growth.
With increasing vehicle sales, the adoption of smart antennas has also increased. Asia Pacific is expected to be the fastest-growing region, while Europe is the market leader. Growing demand for luxury vehicles across Asia-Pacific is likely to witness significant growth for the market during the forecast period.
Automotive Smart Antenna Market Trends
Increase in Development of New Smart Antennas
The integration of high-end communication technologies has become an important feature in the global automotive industry. Antennas in vehicles serve a wide range of applications, from receiving satellite-based navigation to making a call. Shark-fin antennas have become the most common element for passenger cars.Earlier, this type of antenna was offered in luxury sedans and SUVs. Even entry-level cars in developing automobile markets such as India are provided with shark-fin antennas. Driven by the increased adoption and technological advancements, the shark-fin antennas in the future may be even smaller and serve a wide range of purposes compared to a conventional antenna. 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.
- In May 2022, Hyundai India launched a new variant, the Corporate edition, of its existing entry-level hatchback Grand i10 Nios, equipped with a shark-fin antenna.
However, future technologies require multiple antennas to establish better communication signals. Although there is an option of installing various antennas, this will interfere with other antennas in proximity.
To eliminate this, TU Wien, Vienna University of Technology, has developed a special antenna box that can be integrated into the front area of the car roof. This technology has been tested, and results showed that the directionality of wireless signals is better around cars. The new antenna variants make cars extremely well-equipped for wireless requirements.
Manufacturers are currently working on a newer type of smart antenna that can replace the conventional antenna. In the future, data exchange will play a significant role in road transportation.
Asia-Pacific is the Fastest Growing Market
Smart antennas are no longer reserved for luxury cars, as these systems are making inroads irrespective of vehicle segment; even in the C and B-segment vehicles.To retain their loyal consumer base, major premium car manufacturers are trying to improvise on the existing antennas or produce better hardware to stand out.
Although due to the global pandemic the global automotive industry saw a dip in sales as well as demand. However, with life returning to near normal, vehicle sales in the Asia-pacific region are expected to increase in the forecast period.
For instance, in 2021, in the Asia-Pacific region, the total number of vehicles sold equaled about 34 million units, which is 7% high than compared to 2020. Such an increase in vehicle sales is likely to witness major growth for the market during the forecast period.
As the majority of passenger cars come equipped with smart antennas, the increase in the demand and sales of vehicles is expected to drive the market in the Asia-pacific region. Additionally, the SUV segment being the most popular about the buyers, which is expected to have a significant share in the market. The sales of SUVs have gained significant traction with growing consumer preference towards owning a vehicle with better city driving in bad roads and for the better off-road experience.
Asia-Pacific countries are now witnessing a considerable spike in the demand for SUV and crossover vehicles over the past 3-4 years. With the SUVs finding their use in weekend off-road applications, the demand from the customer for better convenience and communication systems in this segment grew substantially which in-turn is driving the demand for smart antennas.
China is the largest market in terms of sales as well as vehicles produced. In 2021, SUVs occupied more than 46% of the total market share in passenger cars. Hence, in the coming years, the market share of SUVs is expected to grow aiding the Automotive Smart Antenna Market.
With the increase in vehicle sale and growing manufacturing industries across the region is likely to witness major growth for the market during the forecast period.
Automotive Smart Antenna Market Competitor Analysis
The Automotive Smart Antenna Market is dominated by several key players such as Robert Bosch GmbH, Continental AG, TE Connectivity, Hella GmbH & Co. KGaA, and Huelsbeck & Fuerst GmbH. Several players are expanding their manufacturing facilities and investing in research and development facilities, which are anticipated to witness major growth in the market during the forecast period.- In October 2022, Robert Bosch invested USD 260 Million to expand manufacturing facilities for electrification products at the North Charleston facility.
- In Jun 2021, Gapwaves inked a license and development deal with HELLA, and HELLA purchased 10% of the company's stock. Gapwaves antenna technology is being integrated to help develop high-performance radar solutions for automated driving functionalities.
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION (Markt Size by Value - USD Billion)
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hella GmbH & Co. KGaA
- Robert Bosch GmbH
- Continental AG
- TE Connectivity
- Huf Huelsbeck & Fuerst GmbH & Co. KG
- MD ELEKTRONIK GmbH
- Ericsson Antenna Technology Germany GmbH
- Ficosa Group
- Harman International
Methodology
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