The global automotive antenna module market is forecast to grow at a CAGR of 7.23% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Satellite communication is cheaper to implement than the current 4G LTE communication. Currently, 4G LTE covers just 10% of the globe, and incremental investment needed for rest of the coverage is high compared to satellite communication. Hence, we expect the satellite broadband technology to replace mobile network technology. The trend of this shift in network technology will be positive for the automotive antenna module and telematics markets to a great extent.
According to the report, vehicles worldwide are seeing the rising adoption of wireless connectivity that allows users to stay connected with the external world while driving. The connectivity not only enhances driving pleasure through navigation capabilities and other features, but also improves the safety quotient of the driver and passengers compared to traditional vehicles. Embedded cellular connectivity is the most reliable method to provide connectivity to the car.
Growing adoption of this technology in the passenger car segment is a crucial driver for market growth. For instance, 34% of the new vehicles in the US have embedded cellular solution, and the percentage is expected to increase to 86% by 2020. Also, the global penetration of embedded cellular solutions accounted for 12% in 2015 and is expected to reach 50% by 2020.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Hirschmann Car Communication
- Kathrein Automotive
- Schaffner Solutions
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end users
PART 07: Market segmentation by vehicle type
PART 08: Market segmentation by frequency range
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Market challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/brcrfm/global_automotive
Related Topics: Automotive Parts
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