Automotive Antenna Market (Components - Transceivers, ECU, and Others; Frequency - Very High Frequency, High Frequency, and Ultra-high Frequency; Vehicle Type - Passenger Vehicle, and Commercial Vehicle): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

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 2021-2027.

Market Insight

The demand for antenna systems in vehicles has continuously increased in recent years. 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.

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. Additionally, rising importance regarding the safety of drivers all over the world is resulting in many governments across the globe focusing on the adoption of safety features. For instance, the initiative was 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 a key factor that drives the growth of the automotive antenna market. Moreover, companies operating in this market are 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.

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.

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 the 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.

Segment Covered

The report on global automotive antenna market covers segments such as components, frequency, and vehicle type. On the basis of components, the sub-markets include transceivers, ECU, and others. On the basis of frequency, the sub-markets include very high frequency, high frequency, and ultra-high frequency. On the basis of vehicle type, the sub-markets include passenger vehicle, and commercial vehicle.

Companies Profiled:

The report provides profiles of the companies in the market such as TE Connectivity, Aptiv PLC, Ace Technologies Corp., Laird Technologies, Continental AG, Kathrein-Werke KG, Ficosa, and Other Companies.

Report Highlights:

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 the automotive antenna market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.