Automotive Smart Antenna Market – Latest Trends | Market Size Estimation | Future Forecast

The Automotive Smart Antenna Market is expected to grow from USD 2.3 billion in 2018 to USD 5.9 billion by 2025, at a CAGR of 14.2% during the forecast period. The growing cellular applications for connected vehicles and increasing connectivity-based safety features are some of the key drivers fuelling the growth of Automotive Smart Antenna Market.

The report provides detailed profiles of the following companies:

• Continental (Germany),
• Denso (Japan),
• TE Connectivity (Switzerland),
• Hella (Germany),
• Laird (UK),
• Yokowo (Japan),
• Harada (Japan),
• Schaffner (Switzerland),
• Kathrein (Germany),
• Ficosa (Spain) and many more…

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The electronic control unit (ECU) segment is expected to grow at a higher CAGR during the forecast period.

The ECU is an alliance of electronic components with internal pre-programmed and programmable chipsets used to control one or more units in a vehicle. With the advent of intelligent vehicles, the automotive industry is moving toward a connected future. Vehicles are getting equipped with advanced features for controlling the communication bridge internally and externally. The ECU of the smart antenna includes hardware and software components that perform diverse functions for communication.

Ultra-high frequency is expected to grow at the highest CAGR in the global automotive smart antenna market during the forecast period

The applications of ultra-high frequency are based on long-range communication. Applications such as satellite radio (SDARS), digital video broadcasting (DVB), cellular connectivity, WLAN, and V2V communication fall under ultra-high frequency. The ultra-high frequency segment is estimated to be the fastest owing to an increase in the number of connected cars. The connected car concept has brought the next growth cycle for the automotive industry with loads of convenience and safety features. These features are making the ultra-high frequency segment grow at the highest CAGR during the forecast period.

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The infrastructure service provider accounts for the largest market size during the forecast period.

Transceivers are the most critical components of communication. The transceiver considered in the scope is for both external and internal communications. The external communication transceivers are used to transmit and receive signals through cellular connectivity, whereas MOST (Media Oriented System Transport) and Ethernet are used for in-vehicle communication. The market for communication terminals like transceivers has increased with the increase in the technological growth of connected and autonomous vehicles.

Recent Developments

• In June 2018, Laird announced its new design center in Bucharest, Romania, to continue expanding the company’s global footprint and its leadership in automotive telematics, wireless in-vehicle charging, smartphone integration, and sophisticated antenna systems.
• In August 2017, TE Connectivity announced the complete acquisition of Germany-based Hirschmann Car Communication (HCC). The acquisition is a key growth strategy as it expands the product portfolio and enables the company to offer end-to-end data connectivity solutions for evolving connected and autonomous vehicles.
• In June 2017, Continental joined hands with Carnegie Technologies to expand its portfolio of holistic vehicle connectivity. The technology provides bandwidth aggregation and gapless handover of calls and data for faster speeds and seamless switching between different networks such as Wi-Fi, LTE, 3G, and satellite.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive smart antenna market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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