A recent report published by Infinium Global Research on the automotive antenna market provides an in-depth analysis of segments and
sub-segments in the global as well as regional automotive antenna market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional automotive antenna market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast, and dollar values of the global automotive antenna market. According to
the report, the global automotive antenna market is projected to grow at a CAGR
of 4.2% over the forecast period of 2020-2026.
The COVID-19 pandemic has a severe impact on the globally
integrated automotive industry. Moreover, it is directly affecting the demand
and production, and causing a supply chain disruption in the market.
Additionally, the pandemic could delay the development of advanced
technologies. This is placing intense pressure on the automotive sector already
coping with a downshift in global demand is having a negative impact on the
growth of the global automotive antenna market.
Over the long term, the growth of the global automotive antenna
market will be driven by the increasing demand for connected vehicles across
the globe. Connected cars facilitate connectivity on wheels offering comfort,
convenience, safety, and security along with powerful network technology.
Furthermore, the development of new communication technologies and innovations
primarily towards improving the safety and overall experience is expected to
have a positive impact on the market. Moreover, the high adoption of automotive
antennas in several applications such as vehicle tracking, satellite
navigation, and collision notifications is expected to grow at a consistent
pace in the coming years. Automotive manufacturers are focusing on the cellular
connectivity in the vehicles as per the different frequencies required by each
communication channel. That, in, turn, offers immense opportunities for the
automotive antenna market throughout the forecast period.
Additionally, rising importance regarding the safety of drivers all
over the world are resulting in many governments across the globe focusing on
the adoption of safety features. For instance, the initiative taken by the
European government regarding eCall development, a system that provides an
automated message to the emergency services following a road crash which
includes the precise crash location is expected to augment the growth of the
automotive antenna market. Going further, increasing demand for a hybrid
electric vehicle across the world is expected to be of a key factor that drives
the growth of the automotive antenna market. Moreover, companies operating in
this market is inclined towards improving the design structure of an
automotive antenna, which is expected to create immense opportunities for the
market players in the coming years.
Among the geographies, Asia Pacific holds the maximum share in the
automotive antenna market owing to the high adoption of advanced technologies
in emerging countries such as China, India, and Japan. Europe is expected to
hold the second position in the global automotive antenna market over the
forecast period owing to the high adoption rate of Advanced Driver Assistance
System. Additionally, the high adoption of hybrid vehicles is another factor
that supports the growth of the market in this region. The presence of leading
luxury manufacturers based in European countries such as the U.K., Germany,
France, and Spain, which incorporates numerous advanced technologies, including
safety, security, and comfort system along with antenna in their vehicles are
influencing the growth in European markets.
The report on the global automotive antenna market covers segments
such as antenna type, cellular technology, vehicle technology, antenna
technology, and vehicle type. On the basis of the antenna type, the sub-markets
include the on-glass antenna. On the basis of cellular technology, the sub-markets
include 3G. On the basis of vehicle technology, the sub-markets include
conventional. On the basis of antenna technology, the sub-markets include a broadcasting antenna. On the basis of vehicle type, the sub-markets include
The report provides profiles of the companies in the market such
as TE Connectivity, Aptiv PLC, and Ace Technologies Corp.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of automotive
antenna market. Moreover, the study highlights current market trends and
provides forecast from 2020-2026. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.