Automotive Antenna Market In-Depth Analysis and Industry Revenue Details
Global automotive
antenna market is expected to grow at a significant CAGR of
6.5% in the upcoming period as the scope and its applications are rising
enormously across the globe. The automotive antenna facilitates communication
and allows a moving vehicle to connect to the outside world. The aim is to
enhance the driving experience and increase safety by using wireless
communication to perform the task.
The factors that are playing a major role in
the growth of market are the high demand for wireless connectivity in vehicles,
rise in production of luxury vehicles, and rising use of enhanced connectivity
technologies in vehicles. However, regular updates in technology may restrain
overall market growth in the years to come. Automotive antenna market is
segmented based on the frequency range, vehicle type, technology, end-user, and
region.
High range, low range, and medium range
frequency could be explored in an automotive antenna in the forecast period.
The high and medium range frequency accounted for the majority market share of
the automotive antenna and is estimated to lead the overall market in the years
to come. The reason behind the overall market growth could be the high demand
from mid-sized and luxury vehicles.
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Electric vehicles, passenger vehicles,
and commercial vehicles are the vehicle types that could be explored in the
automotive antenna in the forecast period. Electric vehicle sector comprises
hybrid vehicles, battery-operated electric vehicles, and plug-in hybrid
vehicles. Passenger vehicles comprise sports utility vehicles, hatchback cars,
multi-purpose vehicles, and sedans. Commercial vehicles comprise heavy and
lightweight vehicles.
Monopoles, patch antenna, on-glass
antenna, glued foil antenna, and fractal antenna are the technologies that
could be explored in an automotive antenna in the forecast period. Based on
services, Short- and medium wave bands, Digital Radio Mondiale (DRM), VHF-band
and UHF-band, Digital broadcasting systems, IBOC system, and Satellite Digital
Audio Radio System (SDARS) could classify automotive antenna in the forecast
period.
The market could be categorized based
on end-users like aftermarket, original equipment manufacturers (OEM), and
others could be explored in the forecast period. The OEM sector accounted for
the substantial market share of the automotive antenna and is estimated to lead
the overall market in the years to come. In addition, the aftermarket sector is
estimated to grow at the fastest pace in the years to come. The reason could be
the high acceptance of automotive antenna module in commercial and old
vehicles.
Globally, North America accounted for
the substantial market share of the automotive antenna and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be the expansion of the automotive sector, rising use of enhanced
technology, and growing acceptance rate of wireless connectivity. The United
States is a major consumer of the automotive antenna in this region.
Europe and the Asia Pacific are also
estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The key players
of automotive antenna market are Yokowo Co., Ltd., Continental AG, Amphenol
Corporation, HARADA INDUSTRY CO., LTD., Laird, Delphi Technologies, Hirschmann
Car Communication, KATHREIN-Werke KG, and Schaffner Group. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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