Automotive Smart Antenna Market Expected to Reach $6.2 Billion by 2033

According to a new report published by Allied Market Research, titled, “Automotive Smart Antenna Market," The automotive smart antenna market size was valued at $3.5 billion in 2023, and is estimated to reach $6.2 billion by 2033, growing at a CAGR of 6.2% from 2024 to 2033.

Automotive smart antennas are advanced antenna systems that are used in modern automobiles. Automotive smart antennas may include shark fin antennas, fixed mast antennas, blade antennas, patch antennas and others. Automotive smart antennas are used for various functions such as GPS, cellular connectivity, Wi-Fi and Bluetooth, AM/FM Radio, telematics and satellite radio applications.  Smart antennas provide signal quality, reduce interference, and enhance overall communication reliability while integrating various sensors. Smart antennas enable better and more consistent communication for various in-car and external systems.

The global automotive smart antenna market share is segregated into type, frequency, component, vehicle type, sales channel and region. On the basis of type the global market is segmented into shark fin, fixed mast and others. Based on frequency, the market is analyzed into high frequency, very high frequency, and ultra-high frequency. Based on components, the global market is segregated into electronic control units, transceivers, power modules and others. On the basis of vehicle type, the global market is bifurcated into passenger vehicles and commercial vehicles.  Based on sales channel, the market is segmented into OEM and aftermarket.  Region wise the market is analyzed into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

The global automotive smart antenna market forecast has seen significant growth due to growing advancement in autonomous driving and vehicle connectivity solutions, increasing use of cellular technology in connected vehicles, and technological advancement in the smart antenna technology. Factors such as data security and privacy concerns for vehicles equipped with connected car features, and stringent standards for the automotive industry are anticipated to hinder the market growth rate. Additionally, factors such as Integration of 5G technology in smart antennas, and Growing inclination towards hybrid and electric vehicle segment to offer lucrative market growth opportunity during the forecast period.

In addition, the market is highly competitive, with several key players dominating the industry. Prominent manufacturers focus on innovation, product differentiation, and strategic partnerships to maintain their market positions. Market leaders include companies such as Continental AG, TE Connectivity, Robert Bosch GmbH, Ficosa International S.A., Denso Corporation, Harman International, NXP Semiconductors, WISI Communications GmbH & Co. KG, TDK Corporation and Harxon Corporation.

The growth of modern communication technology resulted in increased implementation in connected vehicle features such as autonomous driving, infotainment systems, GPS navigation systems, vehicle-to-vehicle communication (V2V), vehicle-to-cloud and other connected vehicle technologies. Modern vehicles utilize LTE and 5G cellular technologies to share their status regarding location, speed and real-time updates regarding traffic and other road conditions. The use of cellular technology help in optimizing traffic congestion, suggest fastest travel routes, reduce congestion and also provide data regarding availability of parking spaces.

As the automotive industry is growing through the development phase owing to digitalization and implementation of cellular technology. Major automobile manufacturers, telecom companies and telecommunication equipment manufacturers are collaborating with each other to develop efficient, comfortable and safety features in modern vehicles. For instance, in 2016, Nokia founded the 5G Automotive Association (5GAA), which includes 120 plus members, including telecom companies and vehicle manufactures. The major aim of the association is to bring automotive manufacturers, tier-1 suppliers, chipset and communication system developers, mobile operators and infrastructure vendors together to harmonize and accelerate the development of intelligent transport and communication solutions on roads.

KEY FINDINGS OF THE STUDY

• By type, the shark fin segment is anticipated to exhibit significant growth in the automotive smart antenna market analysis in the near future.
• By frequency, the ultra high frequency segment is anticipated to exhibit significant growth in the automotive smart antenna industry in the near future.
• By component, the transceivers segment is anticipated to exhibit significant growth in the automotive smart antenna market size in the near future.
• By vehicle type, the passenger vehicle segment is anticipated to exhibit significant growth in the automotive smart antenna market in the near future.
• By sales channel, the OEM segment is anticipated to exhibit significant growth in the automotive smart antenna industry in the near future.
• By Region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.