Automotive Antenna Global Market Report 2024

The automotive antenna market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. During the historical period, growth in this sector can be attributed to several factors including the escalating demand for enhanced connectivity requirements, governmental initiatives supporting technological advancements, the upsurge in vehicle production rates, the rapid pace of urbanization, and consumer preferences emphasizing the integration of infotainment systems within vehicles.

The automotive antenna market size is expected to see strong growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. Anticipated growth in the forecast period is expected to be driven by the integration of 5G technology, the increasing prominence of electric vehicles (EVs), the emergence of vehicle-to-everything (V2X) communication, the growing demand for advanced safety features, and the sustained need for connectivity. Key trends projected in this period encompass the adoption of smart antenna technology, the implementation of 5G connectivity within vehicles, a heightened focus on vehicle-to-everything (V2X) communication, the utilization of flexible and printed antenna technologies, and advancements in enhanced security features.

The increasing sales of connected and autonomous vehicles are playing a significant role in driving the growth of the automotive antenna market. Connected vehicles, capable of wireless communication with nearby devices, and autonomous vehicles, which can function without human intervention, utilize automotive antennas for various communication and connectivity applications. These applications include V2X (vehicle-to-everything), modems, GNSS (global navigation satellite system), SDARS (satellite digital audio radio service), Wi-Fi, and Bluetooth. For example, Stellantis, a Netherlands-based automotive manufacturing company, projects a growth in monetizable connected cars from 12 million in 2021 to 34 million in 2025. Capgemini, a France-based information technology service, forecasts that autonomous cars will constitute 15% of global car sales, with an annual sales expectation of 95 million by 2035. This surge in the sale of connected and autonomous vehicles is expected to drive the automotive antenna market.

The expansion of 5G networks is a key factor driving the automotive antenna market forward. 5G networks, known for their advanced wireless communication capabilities such as faster data speeds, low latency, and increased connectivity, enhance the functionality of automotive antennas. These antennas facilitate faster, more reliable, and secure communication within and between vehicles, contributing to various applications, including enhanced mobile services and the Internet of Things (IoT). T-Mobile International AG, a Germany-based mobile telecommunications company, reported over 1 billion active 5G subscriptions in February 2023, with a projected 5 billion individuals expected to have 5G subscriptions by the end of 2028. The expansion of 5G networks is therefore a significant driver for the automotive antenna market.

Innovation in antenna technology, exemplified by products such as the Windshield Mount Antenna, is a strategic focus for major companies in the automotive antenna market. The Windshield Mount Antenna, installed on the windshield of vehicles, enhances connectivity. Airgain, Inc., a US-based antenna manufacturer, introduced the UltraMax Glass 5G high-performance windshield in August 2023. This antenna is designed to provide exceptional LTE and 5G connectivity, supporting multiple frequency bands with a 5-in-1 configuration. The versatile design ensures high-performance connectivity, making it suitable for fleet and public safety vehicles. Major companies are investing in innovative antenna solutions to maintain a strong market position.

Prominent companies in the automotive antenna market are embracing innovative technologies, exemplified by the adoption of vehicle GPS antennas, to fortify their market standing. Vehicle GPS antennas are specialized antennas crafted for Global Positioning System (GPS) applications within vehicles. A noteworthy example is the introduction of Advanced Vehicle GPS Antennas by KP Performance Inc., a US-based antenna manufacturer, in September 2023. Distinguished by an impressive high gain of 28 dB, these antennas exhibit exceptional sensitivity, enabling them to effectively capture weak signals even in challenging environments such as crowded cities or remote rural landscapes. The Advanced Vehicle GPS Antennas from KP Performance Inc. offer outstanding signal quality and stability, enhancing tracking and navigation accuracy by minimizing multipath effects and mitigating signal interference through high out-of-band rejection.

In October 2021, TE Connectivity, a Switzerland-based technology company specializing in the design and manufacture of connectors and sensors across various industries, acquired Laird External Antennas for an undisclosed amount. This acquisition strategically enhances TE Connectivity's portfolio by incorporating Laird External Antennas, a US-based company renowned for its expertise in designing, manufacturing, and customizing antennas and wireless connectivity solutions. The addition of Laird External Antennas further solidifies TE Connectivity's position in the automotive antenna market, reinforcing its commitment to providing diverse and advanced antenna solutions for the evolving needs of the automotive industry.

Major companies operating in the automotive antenna market report are Kathrein Solutions GMBH, Harada Industry Co. Ltd., Yokogawa Electric Corporation, FIAMM Energy Technology, Northeast Industries Group Corp., Hirschmann Laborgeräte GmbH & Co. KG, Taizhou Suzhong Antenna Group Co., Ace Technologies Corp., Shenzhen Tuko Technology Co. Ltd., INZI Controls Co. Ltd., Guangdong Shenglu Telecommunication Tech. Co. Ltd., SHIEN LIEN ENT Co. Ltd., Tianyi Satcom Co. Ltd., Continental AG, STMicroelectronics NV, Laird Technologies, Schaffner Holding AG, Hella KGaA Hueck & Co., TE Connectivity, Ficosa International SA, Denso Corporation, Harman International Industries, Amphenol Corporation, Molex LLC, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Pulse Electronics Corporation, Taoglas Group Holdings Limited, PCTEL Inc., Antenova Limited, Galtronics Corporation Ltd.

North America was the largest region in the automotive antenna market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automotive antenna market report during the forecast period. The regions covered in the automotive antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive antenna market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of automotive antennas include the fin type, rod type, and screen and film type. Fin-type antennas typically resemble a shark's fin in shape. These antennas are utilized across different vehicle categories, including commercial vehicles and passenger cars. They operate within various frequency ranges such as low, medium, and high, catering to end-users in both the aftermarket and original equipment manufacturers (OEM) sectors.

The automotive antenna market research report is one of a series of new reports that provides automotive antenna market statistics, including automotive antenna industry global market size, regional shares, competitors with automotive antenna market share, detailed automotive antenna market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive antenna industry. This automotive antenna market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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