Automotive Smart Antenna Market Will Reach at a Highest CAGR of 7.5% by 2023

The report on the Global Automotive Smart Antenna Market 2019 historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Automotive Smart Antenna Market Highlights

The automotive industry relies on the very latest communication technologies and provides access to always-on communication and real-time data to keep everyone safe and connected everywhere. Automotive smart antenna enables critical communications and makes the traveling smooth and reliable. In a vehicle, smart antenna is a signal receiver and transporting device connected to Bluetooth, wireless, and other devices.

The rise in wireless and other positioning technologies incorporation in the vehicle along with increasing automotive production is attributed to driving the global automotive smart antenna market during the forecast period. Furthermore, the growing installation of infotainment and communication devices coupled with the rising automotive fleet to enhance the sales of aftermarket automotive smart antennas during the review period.

Automotive Smart Antenna Market Key Players:

The prominent players in the global Automotive Smart Antenna Industry include Ficosa International, S.A.(Spain), Continental AG (Germany), Hirschmann Car Communication GmbH (Germany), West Corporation (US), Ace Technologies Corp. (Korea), Antenova M2M (UK), WORLD PRODUCTS INC.(US), KATHREIN SE (Germany), Laird (US), among others.

Scope of the Report

This study provides an overview of the global Automotive Smart Antenna Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Smart Antenna Market by solutions, system, vehicle type, propulsion, and region.

Automotive Smart Antenna Market Segmentation:

On the basis of frequency, the market has been segmented into ultra-high frequency, very high frequency, and high frequency. On the basis of vehicle type, the market has been segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicle. On the basis of sales channel, the market has been segmented into original equipment manufacturer, original equipment supplier, and independent aftermarket.

On the basis of frequency type, the ultra-high frequency segment is estimated to register significant growth in the next five years owing to rising demand for more accurate and efficient smart antenna to perform and adhere to multi tasks of communication, safety, and infotainment operations

On the basis of vehicle type, the passenger cars segment is expected to hold a significant share in the global automotive smart antenna market. This is due to the relatively high adoption rate of smart antennas and upgradation of existing passenger cars in developed regions. Furthermore, the increase in spending of end users and rising interest in technical and safety features to augment the growth of the segment.

Global Automotive Smart Antenna Market Regional Analysis:

The global Automotive Smart Antenna Market is segmented on the basis of frequency, vehicle type, sales channel, and region. On the basis of frequency, the market has been segmented into ultra-high frequency, very high frequency, and high frequency. On the basis of vehicle type, the market has been segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicle. On the basis of sales channel, the market has been segmented into original equipment manufacturer, original equipment supplier, and independent aftermarket.

Geographically, the global Automotive Smart Antenna Market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is estimated to witness substantial growth in the future owing to stringent standards pertaining to vehicle connectivity and safety in countries such as Japan and China. Furthermore, increasing vehicle production and potential of electric vehicles in the market is projected to drive the global automotive smart antenna market. Europe, on the other hand, is expected to hold substantial market share in the global automotive smart antenna market owing to rising awareness among OEMs and end users to communication and intelligent transportation.

I am Miller Peet, I am working in market research future as a automotive research analyst