Le Lézard
Classified in: Ebola virus, Transportation, Science and technology, Covid-19 virus
Subject: MRR

Automotive antenna module market size to grow by USD 1,071.96 million from 2022 to 2027; Growth driven by increasing connectivity technologies in vehicles - Technavio


NEW YORK, March 30, 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. The market is driven by increasing connectivity technologies in vehicles. Automakers are incorporating connectivity technologies in vehicles to provide all modern features of entertainment, comfort, and information, such as remote diagnostics and ECU software management. For instance, more than half of the vehicles in the US are fitted with remote diagnostics. The adoption of this technology is expected to increase further during the forecast period. In addition, the increasing demand for luxury vehicles in emerging markets such as China has increased the penetration of connected technologies. All these factors are driving the growth of the global automotive antenna module market. Discover some insights on market size, historic period (2017 to 2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Global Automotive Antenna Module Market ? Vendor Analysis

The global automotive antenna module market is fragmented, with the presence of several global as well as regional vendors. Prominent vendors in the market are engaged in the development and manufacturing of antenna electronics, including modules for automotive applications. Vendors 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 increasingly focusing on increasing the penetration of connectivity solutions to give users access to connected infotainment, comfort, and convenience. Optimum product quality and adherence to specifications are important design and manufacturing considerations for vendors owing to stringent regulatory requirements that focus on the improvement of quality and adherence to industry standards.

A few prominent vendors that offer automotive antenna modules in the market include:

What's New? -

Global Automotive Antenna Module Market - Segmentation Assessment

Segment Overview
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 (APAC, Europe, Middle East and Africa, North America, and South America).

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive antenna module market.

For insights on global, regional, and country-level parameters with growth opportunities
from 2017 to 2027 - Download a Sample Report

Global Automotive Antenna Module Market ? Market Dynamics

Key Trends ? 

The increasing popularity of cellular vehicle-to-everything (C-V2X) technologies is identified as the key trend in the market. The wider presence of cellular networks has encouraged vehicle manufacturers to test the feasibility of vehicle-to-everything (V2X) technology. Developments in 4G LTE and 5G technologies have also played a crucial role in the efficient working of connected cars. 5GAA, BMW Group, Ford Motor Company, and Groupe PSA have demonstrated C-V2X direct communication technology across vehicles that could communicate between passenger cars, motorcycles, and road infrastructure. With the adoption of 4G LTE for connectivity in a few regions, C-V2X technologies for connectivity would have a positive impact on 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 the major challenge hindering market growth. Many cars currently have 20-25 antennas, and in certain situations, the number could go beyond this. Automotive manufacturers have to carefully place these antennas in such a way that they can pick signals from any direction. This becomes difficult if the number of antennas increases over 15. In addition to these challenges, lack of signal strength is another barrier to the adoption of telematics in many regions. All these factors are negatively affecting the growth of the global automotive antennal module market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this automotive antenna module market report?

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

Automotive Antenna Module Market Scope

Report Coverage

Details

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 1,071.96 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.

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Frequency Range

7 Market Segmentation by Vehicle Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 07:11
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today provided information on a fire accident that occurred at one of its silicon wafer slicing and solar...

at 06:43
Shanghai Electric (SEHK:2727, SSE:601727) announced that the Company...

at 06:00
The CAAG's "Top 20 Under 40" initiative aims to recognize and celebrate the exceptional contributions of young professionals, technicians, and leaders who have demonstrated innovation, excellence, and commitment within the HVAC...

at 06:00
Trevor Weaver, known for his solo piano compositions and connection to nature and human experiences, has transitioned his creative talents into the digital marketing...

at 05:54
Contributing to the advancement of genomics in Latin America, MGI Tech Co. Ltd. (MGI), a company committed to building core tools and technology to lead life science, announced the launch of its Customer Experience Center (CEC) in Brazil.  ...

at 03:00
Today at EVO Japan, SNK revealed that Marco Rodrigues, assistant instructor of Kyokugen Karate, will be a playable character in the highly-anticipated fighter FATAL FURY: City of the Wolves! Fatal Fury: City of the Wolves is the first FATAL FURY game...



News published on and distributed by: