Automotive antenna module market size to grow by USD 1,071.96 million from 2022 to 2027; A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio
NEW YORK, Jan. 10, 2023 /PRNewswire/ -- The global automotive antenna module market size is estimated to increase by USD 1,071.96 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 10.07% during the forecast period. Discover some insights on market size before buying the full report. Request a sample report
Vendor Landscape - The global automotive antenna module market is fragmented due to the presence of several vendors. The vendors in the market are continuously working on the development of advanced antenna electronics owing to the increasing demand for seamless connectivity solutions from automakers and customers. They are also focusing on increasing the penetration of connectivity solutions to give users access to connected infotainment, comfort, and convenience. This is increasing the competition among vendors and the competition is expected to intensify further during the forecast period.
A few prominent vendors that offer automotive antenna module in the market are Amphenol Corp., ANTONICS ICP GmbH, Continental AG, FIAMM Componenti Accessori FCA Spa, Guangdong Shenglu Telecommunication Tech Co. Ltd., Harada Industry Co. Ltd., Kymeta Corp., Laird Group, Lorom Industrial Co Ltd, MP Antenna Ltd., Panasonic Holdings Corp., Ruian Tianye Auto Parts Co. Ltd., Samsung Electronics Co. Ltd., Schaffner Group, Schwarzbeck Mess Elektronik OHG, SHIEN LIEN ENT Co Ltd, Taoglas Group Holdings Ltd., TE Connectivity Ltd., Telefonaktiebolaget LM Ericsson, and Texas Instruments Inc.
Vendor Offerings -
ANTONICS ICP GmbH - The company offers automotive antenna modules such as OmPlecs TOP 200 RA MF 04 3, and OmPlecs TOP 200 RA UB MF 05 5 5G MIMO 4x4.
Continental AG - The company offers automotive antenna modules such as KR5 BSRFV1RW0 Intelligent Antenna Module.
FIAMM Componenti Accessori FCA Spa - The company offers automotive antenna modules such as FIAMM Universal Smart Antenna SM21.
Guangdong Shenglu Telecommunication Tech Co. Ltd. - The company offers automotive antenna modules such as SL10846A and SL10938A.
Technavio has segmented the market based on frequency range (high-range, medium-range, and low-range), vehicle type (passenger cars and commercial vehicles), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The market share growth by the high-range segment will be significant during the forecast period. The growth of the segment is driven by the increasing demand for premium cars and advances in connectivity technologies in commercial vehicles.
Geography Overview
By geography, the global automotive antenna module market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive antenna module market.
North America is estimated to contribute 44% to the growth of the global market during the forecast period. The rising demand for premium cars and the increase in the penetration of vehicle connectivity in CVs are driving the growth of the regional market.
The increasing connectivity technologies in vehicles is driving the growth of the market.
The rising consumer demand for entertainment, comfort, and other features such as remote diagnostics and ECU software management have increased the penetration of connectivity technologies in vehicles.
This increasing the adoption of automotive antennas in mid-segment cars. For instance, currently, more than half of the vehicles in the US are fitted with remote diagnostics and it is expected to increase further during the forecast period. This is increasing the adoption for automotive antennas.
Similarly, the rising disposable incomes of consumers have increased the adoption of luxury cars, especially in emerging markets such as China. These cars come with connected technologies as standard fitting.
As a result of these factors, the market size is expected to increase during the forecast period.
Key Trends ?
The growing popularity of cellular V2X technologies is identified as one of the key trends in the market.
Developments in cellular technologies such as 4G LTE and 5G are increasing the scope for testing and adoption of Vehicle-to-everything (V2X) technology.
It plays a crucial role in the efficient working of connected cars.
The technology is being tested by several major automotive brands to facilitate communication between passenger cars, motorcycles, and road infrastructure.
This trend is expected to have a positive impact on the growth of the global automotive antenna module market during the forecast period.
Major challenges ?
The direction of the antenna and its ability to detect signals is identified as one of the major challenges in the market.
Positioning antennas to pick signals from any direction is one of the challenges faced by automotive manufacturers.
In addition, the lack of signal strength is another barrier to the adoption of telematics in many regions.
Thus, producing antennas that can overcome such barriers is a challenge for antenna module manufacturers. This is hindering the growth potential in the market.
The automotive engine sensors market is estimated to grow at a CAGR of 4.84% between 2022 and 2027. The size of the market is forecast to increase by USD 6,277.47 million. The increasing demand for vehicle and environmental safety is notably driving the market growth, although factors such as issues related to inappropriate tuning of sensors may impede the market growth.
The automotive driving simulator market is estimated to grow at a CAGR of 5.65% between 2022 and 2027. The size of the market is forecast to increase by USD 380.89 million. The decrease in vehicular production costs and reduced TTM leading to increased use of driving simulators across the value chain are notably driving the market growth, although factors such as the high cost of validating simulation resulting in increased TCO of simulators may impede the market growth.
Automotive Antenna Module Market Scope
Report Coverage
Details
Page number
167
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 10.07%
Market growth 2023-2027
USD 1071.96 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.49
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 44%
Key countries
US, China, Japan, Germany, and France
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Amphenol Corp., ANTONICS ICP GmbH, Continental AG, FIAMM Componenti Accessori FCA Spa, Guangdong Shenglu Telecommunication Tech Co. Ltd., Harada Industry Co. Ltd., Kymeta Corp., Laird Group, Lorom Industrial Co Ltd, MP Antenna Ltd., Panasonic Holdings Corp., Ruian Tianye Auto Parts Co. Ltd., Samsung Electronics Co. Ltd., Schaffner Group, Schwarzbeck Mess Elektronik OHG, SHIEN LIEN ENT Co Ltd, Taoglas Group Holdings Ltd., TE Connectivity Ltd., Telefonaktiebolaget LM Ericsson, and Texas Instruments Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Frequency Range
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Vehicle Type
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive antenna module market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global automotive antenna module market 2017 - 2021 ($ million)
4.2 Frequency range Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size ? Frequency range Segment 2017 - 2021 ($ million)
Exhibit 130: Harada Industry Co. Ltd. - Business segments
Exhibit 131: Harada Industry Co. Ltd. - Key offerings
Exhibit 132: Harada Industry Co. Ltd. - Segment focus
12.9 Kymeta Corp.
Exhibit 133: Kymeta Corp. - Overview
Exhibit 134: Kymeta Corp. - Product / Service
Exhibit 135: Kymeta Corp. - Key offerings
12.10 Laird Group
Exhibit 136: Laird Group - Overview
Exhibit 137: Laird Group - Product / Service
Exhibit 138: Laird Group - Key offerings
12.11 Lorom Industrial Co Ltd
Exhibit 139: Lorom Industrial Co Ltd - Overview
Exhibit 140: Lorom Industrial Co Ltd - Product / Service
Exhibit 141: Lorom Industrial Co Ltd - Key offerings
12.12 MP Antenna Ltd.
Exhibit 142: MP Antenna Ltd. - Overview
Exhibit 143: MP Antenna Ltd. - Product / Service
Exhibit 144: MP Antenna Ltd. - Key offerings
12.13 Schaffner Group
Exhibit 145: Schaffner Group - Overview
Exhibit 146: Schaffner Group - Business segments
Exhibit 147: Schaffner Group - Key offerings
Exhibit 148: Schaffner Group - Segment focus
12.14 Taoglas Group Holdings Ltd.
Exhibit 149: Taoglas Group Holdings Ltd. - Overview
Exhibit 150: Taoglas Group Holdings Ltd. - Product / Service
Exhibit 151: Taoglas Group Holdings Ltd. - Key offerings
12.15 TE Connectivity Ltd.
Exhibit 152: TE Connectivity Ltd. - Overview
Exhibit 153: TE Connectivity Ltd. - Business segments
Exhibit 154: TE Connectivity Ltd. - Key offerings
Exhibit 155: TE Connectivity Ltd. - Segment focus
12.16 Telefonaktiebolaget LM Ericsson
Exhibit 156: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 157: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 158: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 159: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 160: Telefonaktiebolaget LM Ericsson - Segment focus
12.17 Texas Instruments Inc.
Exhibit 161: Texas Instruments Inc. - Overview
Exhibit 162: Texas Instruments Inc. - Business segments
Exhibit 163: Texas Instruments Inc. - Key news
Exhibit 164: Texas Instruments Inc. - Key offerings
Exhibit 165: Texas Instruments Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations
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