Asia-Pacific Automotive Smart Antenna Market, By Component (Transceivers, Electronic Control Unit, Wiring Harness and Others), Vehicle Type (ICE Vehicle and Electric Vehicle), Frequency (High Frequency, Very High Frequency and Ultra High Frequency), Country (China, Japan, India, South Korea, Australia, Singapore, Indonesia, Malaysia, Thailand, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Automotive smart antenna market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 15.7% in the forecast period of 2020 to 2027 and is expected to reach USD 2,471.17 million by 2027. The increasing growth of automobile industry is boosting the growth of the market.
Asia region holds strong manufacturing hubs such as Japan, China, India and others due to which its region behind fastest growing region in the market. Rising production facilities and service agreement with companies is further driving the market growth. Increasing competition between market players is enhancing the market growth.
The increase in the cellular uses for connected vehicles is likely to be another trend stimulating demand for this market in the coming years. On the other hand, the dearth of communication infrastructure and information technology in emerging regions is likely to be one of the key factors negatively limiting the growth of the automotive smart antenna market. The lag in government regulatory policy is projected to be other restraints majorly impacting the growth of the automotive smart antenna market.
Automotive smart antenna is a signal getting and signal transporting gadget through which remote gadgets, Bluetooth gadgets, 3G/4G administrations, and others are associated. The association may be done by means of wire or remote medium. All remote data is related to vehicle’s security and security depends upon a car savvy receiving wire. In ordinary vehicles, car keen radio wire is introduced either at the front beneath glass, metallic roof, spoiler or raise bumper. Though, in convertible car, car shrewd radio wire is introduced on spoiler or deck cover.
This automotive smart antenna market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Automotive smart antenna market is segmented into three notable segments which are based on frequency, component and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of frequency, the automotive smart antenna market is segmented into high frequency, very high frequency and ultra high frequency. In 2020, very high frequency accounted largest market share as the growing demand for luxurious vehicle in the developing economies has increases the requirement for the smart antenna.
- On the basis of component, the automotive smart antenna market is segmented into transceivers, electronic control unit, wiring harness and others. In 2020, transceivers accounted largest market share as the growing integration of electronic component in the vehicle has increases the demand for transceivers.
- On the basis of vehicle type, the automotive smart antenna market is segmented into ICE vehicle and electric vehicle. In 2020, ICE vehicle accounted for the largest market as growing demand of passenger cars and increasing disposable income is boosting the demand for the vehicle in the developed economies.
Automotive Smart Antenna Market Country Level Analysis
Automotive smart antenna market is analysed and market size information is provided by country, frequency, component and vehicle type as referenced above.
The countries covered in automotive smart antenna market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific.
China accounted largest market share as the growing expansion of manufacturing plant in China by the automakers to fulfill the demand is driving the market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Automotive Smart Antenna Market
Automotive smart antenna market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in automotive smart antenna market and changes in regulatory scenarios with their support for the automotive smart antenna market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Automotive Smart Antenna Market Share Analysis
Automotive smart antenna market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to automotive smart antenna market.
The major players covered in the report Laird Connectivity, MD ELEKTRONIK, WISI group, Airgain, Inc, SCHAFFNER HOLDING AG, TE Connectivity, DENSO CORPORATION, HELLA GmbH & Co. KGaA, Calearo Antenne SPA, INPAQ Technology Co., Ltd, PulseLarsen Electronics, Yokowo co., ltd, HARADA INDUSTRY CO., LTD, HARMAN International, LOROM INDUSTRIAL CO. LTD., STMicroelectronics, KDPOF, Taoglas, Continental AG and Ficosa Internacional SA among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of automotive smart antenna market.
- In August 2020, Laird Connectivity launched new product named as Revie Flex 600 and announced to launch 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
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for automotive smart antenna market through expanded range of size.