PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1460125
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1460125
Automotive Smart Antenna Market size is poised to expand at over 6.5% between 2024 and 2032 driven by the expansion of the IoT in the automotive sector.
IoT integration in vehicles is revolutionizing the automotive industry by enabling advanced data collection, analytics, and communication capabilities. Smart antennas play a pivotal role in this ecosystem, facilitating seamless connectivity for IoT applications like vehicle diagnostics, predictive maintenance, and real-time monitoring. With automakers embracing IoT technologies to enhance driver experience, safety, and efficiency, the demand for smart antennas will continue to surge. For instance, in December 2023, LG Electronics collaborated with Saint-Gobain Sekurit, a well-known French glass maker, to create a transparent film-type antenna for vehicles that can be mounted directly to vehicle glass. This transparent telematics solution is likely to make waves in the fast-growing mobility industry, bolstering position of LG in the automotive solutions sector.
The automotive smart antenna industry is segmented into vehicle, component, antenna, frequency, sales channel, and region.
Based on vehicle, the market size from the electric vehicles (EV) segment is projected to record substantial growth from 2024-2032, due to the rising shift towards electrification. EVs need sophisticated connectivity for efficient battery management, navigation, and autonomous features. To that end, smart antennas offer improved reception and data transfer crucial for EV performance and user experience. Moreover, advancements, such as beamforming and 5G integration are catering to the unique needs of electric vehicles for enhancing range estimation, charging efficiency, and overall connectivity, adding to the segment growth. For instance, in August 2023, TE Connectivity introduced the FP20 and FP40multi-port antennas integrating many functionalities like LTE/5G, Wi-Fi 6E/7, and Bluetooth into one for simplifying installation, minimizing roof clutter, and improving aesthetics.
In terms of antenna, the automotive smart antenna market from the shark-fin antenna segment generated substantial revenue in 2023 and is estimated to gain significant traction through 2032. Shark-fin antennas offer a blend of aesthetics and functionality for seamlessly integrating with vehicle designs while providing superior connectivity. As their compact design houses advanced technologies, such as GPS, Wi-Fi, and cellular connectivity, smart antennas appeal to manufacturers and consumers alike. Additionally, automakers are prioritizing aerodynamics and aesthetics, further boosting the product demand.
Given the regional landscape, the North America automotive smart antenna industry is set to exhibit robust growth from 2024 to 2032 attributed to the escalating demand for advanced connectivity in vehicles. With an ever-increasing emphasis on seamless communication, these antennas offer enhanced performance in navigation, infotainment, and autonomous driving systems. Innovations like multiple-input and multiple-output (MIMO) technologies are augmenting reception quality and data speeds, further appealing the desire of consumers for uninterrupted connectivity. Furthermore, industry leaders are investing heavily in R&D activities for driving advancements, contributing to the regional market growth.