The global automotive smart antenna market is expected to grow at a significant CAGR during the forecast period 2021-2027. The automotive smart antenna is built in a vehicle or automobile for transmission and receiving of various signals from electronic vehicle devices. This antenna enables the electronic control unit (ECU) of the vehicle to assign a valid action based on the signals received from the vehicle system. The automobiles manufacturer integrate smart antenna in vehicles to gain better connection and safety regulation over the vehicle and allows a vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication system connected with an automobile to improve the performance and safety of the vehicle.
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The growing emergence of new automotive smart antennas, rising demand for electric vehicles, increasing automobile production and manufacturing and rising investment and initiatives by the government in technology projects and increasing technological advancement are some factors that drive the market growth. This market dynamic results in increasing demand for automotive smart antennas and is projected to explore the market growth with a significant rise in market the global automotive smart antenna market.
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The rising production and manufacturing of SUVs (sports utility vehicles) as off-road vehicles raise the demand for a better communication system for vehicle connectivity and safety thus implementing the MIMO (multiple input multiple outputs) antennae. This will significantly raise the market value and impact the growth of the global automotive smart antenna market. Additionally, the increasing demand for vehicle safety communication measures for safety regulation and better communication of vehicles is expected to boost the global automotive smart antenna market. An intelligent transport system, the growing incorporation of wireless technology and positioning technologies is projected to create lucrative growth opportunities in the global automotive smart antenna market during the forecast period.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Vehicle
o By Frequency
o By Component
- Competitive Landscape- Laird Connectivity, MD ELEKTRONIK, WISI Group, Airgain Inc., Continental AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Smart Antenna by Segment
By Vehicle
- Passenger vehicle
- Commercial vehicle
- ICE vehicle
- Electric Vehicle
By Frequency
- High Frequency
- Very High Frequency
- Ultra-High Frequency
By Component
- Transceivers
- Electric Control Unit
- Wiring Harness
- Others
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