Global Automotive Smart Antenna Market Forecast to 2025: Market is Expected to Grow from USD 2.3 Billion in 2018 to USD 5.9 Billion in 2025

News provided by

Nov 13, 2018, 09:30 ET

DUBLIN, Nov. 13, 2018 /PRNewswire/ --

The "Automotive Smart Antenna Market by Vehicle (Light Duty Vehicle and Commercial Vehicle), Frequency (High, Very High, and Ultra-High), Component (Transceivers, ECU, and Others), Electric Vehicle (BEV, HEV, and PHEV), and Region-Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The market for automotive smart antenna 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 fueling the growth of this market.

By Vehicle, thelight duty vehicle segment is expected to be the largest contributor in the Automotive Smart Antenna Market during the forecast period.

The market size can be attributed to the growing light duty vehicle production, increasing installation of safety and convenience features in light duty vehicles, and advancements in the field of vehicle electronics. Moreover, various advanced features such as remote keyless entry, connectivity, and V2V communication are expected to be offered in premium vehicles, which, in turn, would drive this market for light duty vehicles. The introduction of autonomous vehicles will also have a massive impact on the automotive smart antenna market because of the increased need for smart and connected features in a vehicle.

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

Transceivers are the most critical components for 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 technological growth of connected and autonomous vehicles.

In electric vehicle type, the battery electric vehicle (BEV) segment is growing at the fastest rate during the forecast period.

The demand for BEVs is expected to increase in the coming years because of an increase in the adoption of strict emissions norms by the governments of various countries. Also, several governments now provide subsidies for the use of environment-friendly cars, thereby encouraging the use of battery operated vehicles. The electric vehicle sales in North America has grown exponentially, registering an increase of 37% in 2016. Stringent emission regulations in the US, particularly in states such as California, have led to increased sales of electric vehicles. The increased number of electric vehicles will drive the market for automotive electronics to support various functions, which, in turn, would increase the demand for automotive smart antennas.

Asia Pacific is expected to account for the largest market size during the forecast period

The demand for automotive smart antenna in Asia Pacific is significantly driven by strong economic growth, growing population, rapid urbanization, and growing connected cars. As connectivity-based safety regulations have been established in Japan and South Korea, the demand for smart antennas in these countries is anticipated to increase during the next 5 years. As a result of the growing population and vehicle demand, countries like China are expected to introduce vehicle and road safety regulations. The growing cellular applications and increasing demand for safety features in vehicles are expected to trigger the market for automotive smart antennas in the region.

The major vendors in the global automotive smart antenna market are Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).

The technological advancements in accordance with the huge disruptive trends such as IoT and connected and autonomous vehicles have proliferated the demand for communication electronics in vehicles. Thus, leading automotive players have started to focus on hardware and software platforms for in-vehicle and external communications. This results in an increasing need for communication devices including antennas. Therefore, this market has registered substantial growth in recent years.

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 Questions addressed by the report

What should be the go-to-market strategy to expand the reach into developing countries of Asia Pacific?
Which are the key players in the market and how intense is the competition?

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
3 Executive Summary

4 Premium Insights
4.1 Automotive Smart Antenna Market, 2018 vs. 2025 (USD Billion)
4.2 Automotive Smart Antenna Market, By Region
4.3 Automotive Smart Antenna Market, By Vehicle
4.4 Automotive Smart Antenna Market, By Frequency
4.5 Automotive Smart Antenna Market, By Component
4.6 Automotive Smart Antenna Market, By Electric Vehicle

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Cellular Applications for Connected Vehicles
5.2.1.2 Increasing Demand for Safety Features in Vehicles
5.2.2 Restraints
5.2.2.1 Developing Reliable In-Vehicle Architecture
5.2.2.2 Lack of Communication Infrastructure in Developing Countries
5.2.3 Opportunities
5.2.3.1 New Revenue Opportunities in the Autonomous Vehicle Ecosystem
5.2.3.2 Significant Revenue Contribution From Premium Vehicle Sales
5.2.4 Challenges
5.2.4.1 Unavailability of Standard Platforms for Vehicle Communication
5.2.4.2 Design Challenges to Mount the Smart Antenna in Vehicles

6 Automotive Smart Antenna Market, By Frequency
6.1 Introduction
6.2 High Frequency
6.2.1 Europe is Estimated to Be the Largest Market for High Frequency Smart Antenna
6.3 Very High Frequency
6.3.1 Asia Pacific is Estimated to Be the Largest Market for Very High Frequency Smart Antenna
6.4 Ultra High Frequency
6.4.1 Europe is Estimated to Be the Largest Market for Ultra High Frequency Smart Antenna

7 Automotive Smart Antenna Market, By Component
7.1 Introduction
7.2 Transceivers
7.2.1 Europe is Estimated to Grow at A Significant Rate for Transceivers in Automotive Smart Antenna Market
7.3 Electronic Control Unit (ECU)
7.3.1 Asia Pacific is Estimated to Be the Largest Market for ECU
7.4 Others (Connectors, Wiring Harness, Digital Bus)
7.4.1 Row is Estimated to Be the Fastest Growing Market for Other Components of Smart Antenna

8 Automotive Smart Antenna Market, By Vehicle
8.1 Introduction
8.2 Light Duty Vehicle
8.2.1 Asia Pacific is Estimated to Be the Largest Market for Light Duty Vehicle
8.3 Commercial Vehicle
8.3.1 Automotive Smart Antenna Market in North America is Estimated to Grow at Significant Rate for Commercial Vehicle

9 Automotive Smart Antenna Market, By Electric Vehicle
9.1 Introduction
9.2 Battery Electric Vehicle (BEV)
9.2.1 North America is Estimated to Be the Fastest Market for Battery Electric Vehicle
9.3 Hybrid Electric Vehicle (HEV)
9.3.1 Asia Pacific is Estimated to Be the Largest Market for Hybrid Electric Vehicle
9.4 Plug-In Hybrid Electric Vehicle (PHEV)
9.4.1 Europe is Estimated to Grow at Significant Growth Rate for Plug-In Hybrid Electric Vehicle

10 Automotive Smart Antenna Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 China is Estimated to Contribute Highest Market Share During the Forecast Period
10.2.2 India
10.2.2.1 Increase in Demand of Infotainment and Connected Services Will Drive the Market
10.2.3 Japan
10.2.3.1 Presence of Innovative Oems is One of the Factor to Make Japan Secure Second Largest Market in Asia Pacific
10.2.4 South Korea
10.2.4.1 Rising Implementation of Artificial Intelligence Platform for Communication Will Drive the Market of South Korea
10.2.5 Thailand
10.2.5.1 Growing Demand of Connectivity Based Convenient and Safety Features Will Push the Market
10.2.6 Rest of Asia Pacific
10.2.6.1 Light Duty Vehicle is Estimated to Grow at Significant Growth Rate
10.3 North America
10.3.1 US
10.3.1.1 Increase in Communication Digital Media Services Would Make the Market Dominate in the Region
10.3.2 Canada
10.3.2.1 Canada is Estimated to Be Second Largest Market for Smart Antenna in the Region
10.3.3 Mexico
10.3.3.1 Light Duty Vehicle is Estimated to Be the Largest Market for Smart Antenna
10.4 Europe
10.4.1 Germany
10.4.1.1 Government Regulations Will Propel the Market for Automotive Smart Antenna
10.4.2 France
10.4.2.1 Commercial Vehicle Segment is Estimated to Be the Fastest Segment
10.4.3 UK
10.4.3.1 High Luxury Vehicle Sales is Going to Drive the Market
10.4.4 Spain
10.4.4.1 Increase in Vehicle Communication Services Will Grow the Market
10.4.5 Russia
10.4.5.1 Rise in Electronic Content Will Boost the Market of Smart Antenna
10.4.6 Turkey
10.4.6.1 Light Duty Vehicle is Estimated to Grow at High Growth Rate
10.4.7 Rest of Europe
10.4.7.1 Rest of Europe is Estimated to Be the Second Largest Market
10.5 Rest of the World
10.5.1 Brazil
10.5.1.1 Light Duty Vehicle is Estimated to Dominate the Automotive Smart Antenna Market
10.5.2 Iran
10.5.2.1 Growing Connected Infrastructure Will Make the Smart Antenna Market to Rise
10.5.3 Other Countries
10.5.3.1 Light Duty Vehicle is Estimated to Grow at Significant Growth Rate

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.3.1 New Product Development
11.3.2 Expansion
11.3.3 Partnership

12 Company Profiles
12.1 Continental
12.2 Denso
12.3 Te Connectivity
12.4 Hella
12.5 Laird
12.6 Yokowo
12.7 Harada
12.8 Schaffner
12.9 Kathrein
12.10 Ficosa
12.11 Harman
12.12 Hirschmann Car Communication
12.13 MD Electronik
12.14 HUF Hlsbeck & Frst
12.15 Wisi Group
12.16 Calearo Antenne
12.17 Lorom
12.18 Inpaq Technology
12.19 Pulselarsen Antenna

For more information about this report visit https://www.researchandmarkets.com/research/dvswjf/global_automotive?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets