Middle East and Africa Automotive Smart Antenna Market, By Frequency (High Frequency, Very High Frequency and Ultra High Frequency), Component (Transceivers, Electronic Control Unit, Wiring Harness and Others), Vehicle Type (ICE Vehicle and Electric Vehicle), Country (U.A.E., South Africa, Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa) 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 13.2% in the forecast period of 2020 to 2027 and is expected to reach USD 177.73 million by 2027. Increasing production vehicle in the developed economies is augmenting 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 automotive smart antenna market. The developing nations over the world are thus facing issues of security inside the vehicles. This factor is restraining the automotive smart antenna market as primarily these countries need to work on proper design and infrastructure of the automobiles for providing the safety.
The advancement in technology which results in the incorporation of wireless technology and positioning technologies in intelligent transport system is creating opportunities for the growth of the automotive smart antenna market. Due to the lack of skilled workforce, the installation of smart antennas in vehicles is becoming the major challenge for the automotive smart antenna market.
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, geographical expansions, and technological innovations in the market. To understand the analysis and the automotive smart antenna market scenario contact Data Bridge Market Research 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 on the basis of component, frequency 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, ultra high frequency and very high frequency. In 2020, the very high frequency segment has been accounted for the largest market share as it offer wide range of coverage that help the driver to efficiently manage the route. This factor results in increasing safety of vehicle as well as driver.
- On the basis of the component, the automotive smart antenna market is segmented into transceivers, electronic control unit, wiring harness and others. In 2020, the transceivers segment has been accounted for the largest market share as growing integration of smart antenna in the luxurious cars has increase the demand for the transceivers in the automotive smart antenna market.
- On the basis of vehicle type, the automotive smart antenna market is segmented into ICE vehicle and electric vehicle. In 2020, ICE vehicle segment has been accounted for the largest market share 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
Middle East and Africa automotive smart antenna market is analysed and market size information is provided by country, component, frequency and vehicle type as referenced above.
The countries covered in the Middle East and Africa automotive smart antenna market are the U.A.E., South Africa, Saudi Arabia, Egypt, Israel, and rest of Middle East and Africa.
South Africa has been accounted for the largest market share since the rising disposable income has increased the sales of the passenger cars which is augmenting the demand of automotive smart antenna in the Middle East and Africa automotive smart antenna market. Increasing the utilization of cellular technology in the connected vehicles in the Middle Eastern countries specifically in gulf region is augmenting the Middle East and Africa automotive smart antenna 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 analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa 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.
Growing Demand of Passenger Vehicles
Automotive smart antenna market also provides you with detailed market analysis for every country growth in installed base of different kind of products for automotive smart antenna, impact of technology using life line curves and changes regulatory scenarios and their impact on 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, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, brand analysis, 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 Middle East and Africa automotive smart antenna market report are WISI group, Continental AG, Ficosa Internacional SA (a subsidiary of Panasonic Corporation), SCHAFFNER HOLDING AG, TE Connectivity, HELLA GmbH & Co. KGaA, HARMAN International, STMicroelectronics among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments, expansion and other strategies are also initiated by the companies worldwide which are also accelerating the growth of automotive smart antenna market.
- In January 2019, Continental AG has developed a new 5G-Hybrid-V2X Solution that integrates vehicle-to-everything technologies such as V2X. This new introduced technology enabled mobile network communication and direct data exchange at the same time. This product launch has helped the company to strengthen their connectivity category and to increase the revenue of the company.
Such increased penetration helps the market players to introduce advanced solutions and increased market share with improved coverage and presence. It also provides the benefit for organisation to improve their offering for automotive smart antenna through expanded product range.
Customization Available : Middle East and Africa Automotive Smart Antenna Market
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