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:
Amphenol Corp. - The company offers automotive antenna modules such as FPC FM Antenna and Antenna LNA.
ANTONICS ICP GmbH - The company offers automotive antenna modules such as OmPlecs TOP 200 RA MF 043, 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.
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Global competitiveness and key competitor positions
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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).
The market growth in the high-range segment will be significant during the forecast period. The growth of the segment is primarily driven by the increasing demand for premium cars and the rising adoption of connectivity technologies in commercial vehicles. The advent of vehicle-to-vehicle (V2V) and vehicle-to-vehicle communication architectures is also contributing to the segment's growth.
Geography Overview The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive antenna module market.
North America will account for 44% of the market growth during the forecast period. The high demand for luxury vehicles is one of the prime factors driving the growth of the regional market. Also, the increasing adoption of SUVs and pickup trucks is contributing to the growth of the regional market.
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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.
The passenger vehicle telematics market is estimated to grow at a CAGR of 18.05% between 2022 and 2027. The size of the market is forecasted to increase by USD 24.78 billion. The market is segmented by product (smartphone integration, tethered, and embedded), type (remote message processing system, brake system, and transmission control system), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The automotive dashboard camera market is estimated to grow at a CAGR of 23.65% between 2022 and 2027. The size of the market is forecast to increase by USD 4,518.77 million. The market is segmented by application (passenger cars and commercial vehicles), product (single channel and dual channel), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
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.
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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