Automotive Antenna Market Size Worth $8.1 Billion By 2030: IndustryARC

The Global Automotive Antenna Market size is predicted to reach $8.1 billion by 2030, growing at a CAGR of 5.4% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The surging demand for smart antennas, shark fin antennas and Rising adoption of advanced driver assistance systems (ADAS) are poised to propel the market growth, finds IndustryARC in its recent report, titled “Automotive Antenna Market Size, Share & Trends Analysis Report By Type (Planer Antenna, Non-Planer Antenna), By Product Type (Shark Fin Antenna, Glass Mount Antenna, Patch Antenna, External Whip Antenna, Others), By Components (Transceivers, Electronic Control Unit, Wiring Harness, Digital Bus, Connectors), By Frequency Band (High Frequency, Very High Frequency, Ultra-High Frequency, Others), By Application (V2N (Vehicle-to-Network), V2I (Vehicle-to-Infrastructure), V2P (Vehicle-to-Pedestrian), V2V (Vehicle-to-Vehicle), V2G (Vehicle-to-Grid), Others) By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Sales Channel (OEMs, Aftermarket], By Region and Segment Forecasts, 2024–2030”.

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South America to Register Highest Growth:

The Automotive Antenna Market in this region is expanding due to the rise in demand for connected cars and increasing opportunities by offering new products such as 5G compatible automotive antennas, smart antennas, multiband antennas. Additionally, favourable government policies and incentives, coupled with South America’s strong manufacturing capabilities and investments in research and development, contribute to the region’s growth prospects. For instance, first wave of investments from Stellantis and its suppliers totaling over €200 million to manufacture four models with start of production of FIAT 500 in December 2023.

Automotive Antenna Market 2023-2030: Scope of the Report

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Automotive Antenna Market Report – Key Takeaways:
 
Advancements in vehicle infotainment and telematics systems

Modern vehicles are equipped with advanced infotainment systems and telematics features that rely on wireless connectivity. Antennas enable the reception of signals for services like satellite radio, Wi-Fi, Bluetooth, and GPS navigation. As automakers continue to enhance these systems and integrate more connectivity options, the demand for automotive antennas increases. In September 2022, Mercedes-Benz AG and Qualcomm Technologies, Inc. announced a collaboration to use Qualcomm Cockpit Platforms to power intuitive and intelligent infotainment systems.

Very High Frequency Band to Register Highest Growth

Very High Frequency Band is analyzed to grow with the highest CAGR of 6.6% during the forecast period 2024-2030. A Very High Frequency (VHF) car antenna is an antenna designed to operate in the VHF frequency range, which typically covers the frequency band of 30 MHz to 300 MHz. Some vehicles, especially emergency and public safety vehicles, may use VHF car antennas for two-way radio communication with base stations or other vehicles.  

Asia Pacific is leading the market

Asia Pacific region held a major market share of 38% in 2023. The automotive industry in Asia Pacific, particularly in countries like the India, China, and Japan, is well-established and highly competitive. The presence of major automotive manufacturers, suppliers, and research institutions has driven the development and adoption of cutting-edge automotive technologies, including antennas. 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.
 
Opportunities in V2X communication technologies

The automotive industry is witnessing a rapid integration of advanced connectivity features in vehicles. Antennas play a crucial role in enabling reliable wireless communication for functions such as, telematics, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, and over-the-air (OTA) updates that offer improved signal reception, enhanced data transfer speeds. For instance, by 2023, the Chinese government wants to equip 90 percent of its cities and motorways with V2X technology. In September 2022, Harxon joined hands with Zhito Technology on application of high-precision positioning and intelligent connection and communication technologies in Zhito’s L3 intelligent heavy trucks, including high-precision positioning service, integrated navigation, 5G communication, and V2X communication. 

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Key Opportunity Analysis: 

Advanced Driver Assistance Systems creating opportunities

ADAS technologies, such as radar, lidar, and cameras, are becoming increasingly prevalent in modern vehicles. These systems rely on antennas for transmitting and receiving signals, enabling functions like adaptive cruise control, collision avoidance, lane-keeping assistance, blind spot detection and automatic emergency breaking. Antenna manufacturers can cater to this opportunity by developing specialized antennas optimized for ADAS applications. In January 2021, Magna partnered with Fisker to develop an ADAS, which will be applied to the Fisker Ocean SUV, expected to be launched by 2023.

Integration of Antennas into Vehicle Design

With the increasing focus on vehicle aesthetics and aerodynamics, there is a growing demand for integrated antenna solutions that seamlessly blend with the vehicle’s design. Development of hidden, embedded, or conformal antennas that do not compromise the vehicle’s aesthetics while delivering optimal performance can enhance the overall vehicle design and contribute to improved customer satisfaction. For the latest models to make them look more sleek-framed, tesla chooses to integrate the antenna module into the crossbar of the car body to further simplify the antenna layout. New Tesla Model 3/Y has placed WiFi and 4G LTE antennas in crossbar in the middle of the sunroof above the B-pillar, the GPS antenna module of Model 3 is located above the interior rearview mirror in the same space as the camera module.

Technological advancements in automotive antennas

Increasing demand for connectivity, safety, and efficiency in modern vehicles, growing implementation of 5G networks, and increasing demand for PMICs in advanced driver assistance systems (ADAS). The deployment of 5G technology in the automotive sector offers opportunities for high-speed data transfer, low-latency communication, and enhanced vehicle connectivity. Automotive antennas optimized for 5G enable advanced applications like infotainment, real-time navigation, and over-the-air updates. At the Mobile World Congress (MWC) Barcelona 2023, Huawei launched the Eco series antennas that reduce site power consumption, improve network energy efficiency, and save OPEX. Eco series antennas help operators build green, high-performance 5G networks without needing more energy, even during surges in network traffic.

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The Report also Covers the Following Areas:

Automotive Antenna Market Size and Forecast 
Automotive Antenna Market Trends
Automotive Antenna Market Analysis by Product Type

Automotive Antenna Market 2023-2030: Key Highlights

CAGR of the market during the forecast period 2024-2030? Value Chain analysis of key stake holders
Detailed analysis of market drivers and opportunities during the forecast period
Automotive Antenna Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends 
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Automotive Antenna Market

Covid and Ukrainian Crisis Impact:

Covid had disrupted global supply chains, leading to delays and potential shortages of automotive antennas. The decline in vehicle production and sales, along with shifting consumer priorities and spending patterns, has decreased demand for automotive antennas. Adopting advanced technologies, such as ADAS and connected car systems, has been delayed. At the same time, the accelerated digital transformation of the automotive industry has highlighted the importance of in-car connectivity, potentially driving future demand for antennas. As the industry recovers, there is potential for a rebound in vehicle production and sales, which could positively impact the need for automotive antennas.

The Ukraine-Russia conflict led to disruptions in supply chains, causing delays and shortages of antennas. Market instability and uncertainty arose, affecting automotive manufacturers and suppliers long-term investment decisions. The crisis also has region-specific effects, with production disruptions in Ukraine or Russia and potential increased demand in neighbouring regions. Geopolitical factors, such as changes in trade policies, impacted the import and export of antennas. Additionally, the crisis influenced consumer demand, reducing confidence and vehicle sales. The exact impact will depend on the duration and severity of the problem and the responses of industry stakeholders.

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List of Key Market Players in Automotive Antenna Market:

The Global Automotive Antenna Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

1. Kathrein-Werke KG
2. Harada Industry Co. Ltd
3. Laird Connectivity
4. Yokowo Co., Ltd
5. Continental AG
6. Ficosa International S.A.
7. Harman International Industries
8. TE Connectivity
9. DENSO Corporation
10. HELLA GmbH & Co. KGaA

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