Automotive Smart Antenna Market Size, Share, Growth Analysis, By Frequency(High Frequency, Ultra High Frequency and Very High Frequency), By Vehicle (ICE Vehicles and Electric Vehicles), By Component(Transceivers, Electronic Control Units) - Industry Forecast 2024-2031

Automotive Smart Antenna Market size was valued at USD 18.35 Billion in 2022 and is poised to grow from USD 19.53 Billion in 2023 to USD 31.85 Billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

The competitive environment of the Automotive Smart Antenna Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The automotive smart antenna market features a competitive landscape characterized via excessive competition among key gamers striving to take advantage of an aggressive aspect through product innovation, strategic partnerships, and mergers and acquisitions. Leading agencies operating within the automotive smart antenna market include Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Ericsson AB, ZTE Corporation, and Nokia Corporation, among others. These players are specializing in growing automotive smart antenna market tailor-made to satisfy the evolving necessities of 5G networks, IoT applications, and other wi-fi verbal exchange technologies. 'Laird Connectivity (US)', 'MD ELEKTRONIK (Germany)', 'WISI group (Germany)', 'Airgain, Inc. (US)', 'Continental AG (Germany)', 'Ficosa Internacional SA (Spain)', 'SCHAFFNER HOLDING AG (Switzerland)', 'TE Connectivity (Switzerland),', 'DENSO CORPORATION (Japan)', 'HELLA GmbH & Co. KGaA (Germany)', 'Calearo Antenne SPA (Italy)', 'INPAQ Technology Co., Ltd. (Taiwan)', 'Yokowo co., ltd (Japan)', 'HARADA INDUSTRY CO., LTD (Japan)', 'LOROM INDUSTRIAL CO. LTD. (China)', 'Taoglas (Dublin), KDPOF (Spain)', 'STMicroelectronics (Switzerland)'

High-end connectivity technologies have become a priority in the automotive industry due to changing consumer preferences. The most used is the shark-pin antenna which can perform many communication tasks such as voice communication, mobile data, vehicle asset tracking and more, shark fin antennas are easy to install existence, aesthetically appealing, cost-effective, high performance and longevity build. Additionally, shark fin antennas used to be used in luxury sedans but today with the development in the market and decrease in the price of shark fin antennas, entry-level cars are also using shark fin antennas.

Rising Usage of Smart Antenna: Almost all cars use smart antennas with a factory-installed infotainment system. Additionally, the smart antenna is also part of vehicles integrated into the cabin as well as a built-in SIM for communication. Smart antennas are also used to recognize spatial signal signatures such as direction of signal arrival (DOA) in vehicles for better communication It is anticipated that safety and security systems for passenger cars and commercial vehicles and development a rising trend in automotive electronics will fuel market growth.

Asia Pacific dominates the automotive smart antenna market owing to higher passenger vehicle sales due to higher Chinese sales revenue. Currently Asia Pacific is witnessing a significant increase in the demand for SUVs and crossovers over the last 3-4 years. The adoption of SUVs in weekend off-road applications has driven the demand from consumers for better comfort and connectivity in this segment which is also driving the demand for smart antennas high height.