The automotive industry is driving towards cleverly fully-connected cars which empower vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication in accordance to supply moved forward security. It has been watched that fleet companies utilize M2M systems that utilize real-time fleet following to screen benefit effectiveness and operational execution.

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Global automotive smart antenna market is expected to reach USD 5,868.68 million by 2027 from USD 2,607.66 million in 2019 growing with a CAGR of 14.8% in the forecast period of 2020 to 2027. The increasing demand for connected-based safety features is one of the key factors stimulating the global automotive smart antenna market demand. The increase in the cellular uses for connected vehicles is likely to be another trend stimulating demand for this market in the coming years.            

Growing electronics and infotainment systems in vehicles across the world will drive the market's growth rate

High-end electronics offer entertainment, in-car navigation and information distribution to passengers and drivers over a wireless network. There is a growing need to make vehicle systems safer and provide personal assistance, which is the major factor driving the automotive smart antenna market growth. The automotive infotainment market is developing at an impressive rate as inclination of technologically progressed vehicles is expanding among customers. Such development and dominance of hardware and infotainment systems in vehicles market has driven the demand for the global automotive smart antenna market.

Report Scope and Market Segmentation

Segment Analysis:

Global automotive smart antenna market is segmented into three notable segments which are based on frequency, component and vehicle type. 

• On the basis of frequency, the automotive smart antenna market is segmented into high frequency, very high frequency and ultra high frequency. In 2020, as it offer wide range of coverage that help the driver to efficiently manage the route. This factor result in increasing safety of vehicle as well as driver.
• On the basis of component, the automotive smart antenna market is segmented into transceivers, electronic control unit, wiring harness and others. In 2020, transceivers is expected to dominate the market with 39.72% market share very high frequency segment is expected to dominate the market with 38.8% market share as growing integration of smart antenna in the luxurious cars has increase the demand for the transceiver in the market.

The transceivers segment will dominate the component segment of the automotive smart antenna market

The transceivers segment will emerge as the dominating segment under component with approximately 40.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the automotive industry all around the globe will further bolster the growth of this segment.

• On the basis of vehicle type, the automotive smart antenna market is segmented into ICE vehicle and electric vehicle. In 2020, internal combustion engine segment is expected to dominate the market with 81.33% market share as growing demand of passenger cars and increasing disposable income is boosting the demand for the vehicle in the developed economies.

The internal combustion engine segment will dominate the vehicle type segment of the automotive smart antenna market

The internal combustion engine segment will emerge as the dominating segment under vehicle type segment. This is because of the growing number of technological advancements in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: Laird Connectivity (U.S.), MD ELEKTRONIK (Germany), WISI group (Germany), Airgain, Inc. (U.S.), Continental AG (Germany), Ficosa Internacional SA (Spain), SCHAFFNER HOLDING AG (Switzerland), TE Connectivity (Switzerland),  DENSO CORPORATION (Japan), HELLA GmbH & Co. KGaA (Germany), Calearo Antenne SPA (Italy), INPAQ Technology Co., Ltd. (Taiwan), Yokowo co., ltd (Japan), HARADA INDUSTRY CO., LTD (Japan), LOROM INDUSTRIAL CO. LTD. (China), Taoglas (Dublin), KDPOF (Spain) and STMicroelectronics (Switzerland).

Market Development

• In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and announced launching the Revie Flex 700 flexible PCB antennas. This product is launched to accelerate the development of wireless products for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would help the company to enhance their product portfolio and increase the revenue in the near future. 
• In July 2020, WISI Group launched new product which is its 10G MicroPlug OLT Transceivers. This transceiver has the capability to directly plug into a remote node and Ethernet. This MicroPlugOLT offers a cost-effective, scalable alternative to OLT equipment. This Product launch has helped the company to enhance their product portfolio in the market.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in automotive smart antenna market during the forecast period 2020 - 2027

Asia-Pacific (APAC) dominates the automotive smart antenna market because of the rise in population and rapid urbanization within the region.

North America is estimated to be the fastest growing region in automotive smart antenna market the forecast period 2020 - 2027

North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in demand for connected cars in the region.

COVID-19 Impact

As a result of the stringent lockdowns and social isolation necessary to stop the virus's propagation, the COVID-19 had a detrimental effect on the automobile smart antenna market. Demand for car smart antennas was hindered by the uncertain economy, a partial corporate shutdown, and poor customer confidence. During the epidemic, the supply chain was impeded along with logistics operations. However, because of the relaxing of the restrictions, it is anticipated that the market for vehicle smart antennas will pick up speed in the post-pandemic environment.

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