Europe Automotive Smart Antenna Market – Industry Trends and Forecast to 2030

Europe Automotive Smart Antenna Market Analysis and Size

Smart antennas in automobiles are gaining popularity globally as they provide better radio and signal reception than traditional antennas. Modern vehicles are installed with smart antennas to offer the best infotainment service by enhancing the quality of radio. A few of the major developments in automobile smart antenna technology are the development of smaller, lighter designs, the combination of several antennas into one device, and the employment of cutting-edge signal processing techniques to improve performance.

Data Bridge Market Research analyses that the automotive smart antenna market, valued at USD 842.53 million in 2022, will reach USD 2,595.30 million by 2030, growing at a CAGR of 15.10% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Europe Automotive Smart Antenna Market Scope and Segmentation  

Market Definition

An antenna used in cars to enhance the radio signal quality is known as an "automotive smart antenna." It is a tool that can be utilised to automatically change the antenna's focus and direction to capture the strongest signal possible. The smart antenna achieves this by utilising a number of sensors that can identify the signal's direction and then modify the antenna as necessary.

Automotive Smart Antenna Market Dynamics

Drivers

• Growing safety concerns will bolster the market growth

Growing concerns pertaining to the driver and passenger safety has induced the manufacturers to install the vehicles with safety features and systems, in lieu with the global safety standards. The installation of automated driver assistance system (ADAS) is one such technological offering for the passengers. In addition, growing integration of smartphones and internet in the automobiles will enhance the safety measures for the passengers.

• Increased demand for premium vehicles will drive the growth

Rising personal disposable income of citizens of developing economies, such as India, China, Brazil and more, is directly influencing the demand for premium and luxurious vehicles. According to a recent report, in 2022, 37000-38000 premium and luxury vehicles were sold in India alone. This is a 50% rise from the figure achieved in 2020. A direct and proportional relationship between the sale of luxury vehicles and automotive smart antennas market is establishing a healthy market growth rate.    

Opportunities

• Increasing proliferation of 5G is a major determinant

Growth and expansion of the automotive industry has presented an excellent opportunity for the telecommunication industry to integrate 5G technology with the vehicle systems. Modern vehicles are installed with connected systems, which are used for infotainment, navigation, and safety applications. The successful and efficient functioning of connective system requires 5G technology for its high bandwidth and low latency. Manufacturers have recognized this opportunity and are increasingly focusing on this technological integration in the autonomous vehicles.

Restraints/Challenges

• Lack of standardisation will derail the market growth rate

The lack of standardisation is one of the primary constraints and hurdles that the market for automotive smart antennas is facing. The absence of standards is one of the major inhibitors for the vehicle smart antenna business. Since there are no international standards for smart antennas, it becomes challenging for the manufacturers to manufacture compatible products that are suitable for all kinds of automobiles.

This automotive smart antenna market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive smart antenna market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.  

Europe Automotive Smart Antenna Market Scope

The automotive smart antenna market is segmented on the basis of antenna type, frequency, component, electric vehicle type, vehicle type, and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Antenna Type

• Shark-fin
• Fixed Mast
• Others

Frequency

• High Frequency
• Very High Frequency
• Ultra High Frequency

Component

• Transceivers
• Electronic Control Unit
• Wiring Harness
• Others

Electric Vehicle Type

• HEV
• PHEV
• BEV

Vehicle Type

• Passenger Car
• LCV
• HCV

Sales Channel

• OEM
• OES
• IAM

Automotive Smart Antenna Market Regional Analysis/Insights

The automotive smart antenna market is analyzed and market size insights and trends are provided by country, antenna type, frequency, component, electric vehicle type, vehicle type, and sales channel as referenced above.

The countries covered in the automotive smart antenna market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Germany in Europe dominates the automotive smart antenna market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are rise in demand for autonomous vehicles, growing number of research and development proficiencies, and growing purchasing power of the people.

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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Automotive Smart Antenna Market Share Analysis

The 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive smart antenna market.

Some of the major players operating in the automotive smart antenna market are:

• STMicroelectronics (Switzerland)
• DENSO CORPORATION (Japan)
• Continental AG (Germany)
• Laird Connectivity (U.S.)
• KATHREIN Solutions GmbH (Germany)
• Ficosa Internacional SA (Spain)
• TE Connectivity (Switzerland)

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