10 October 2019 - 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.
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.
Market Segment:
Key Applications
•
Passenger Car
•
Commercial Vehicle
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
Ace Technology
•
Delphi
•
Harada
•
Hirschmann
•
Kathrein
•
Laird Technologies
•
Schaffner
•
Sumida
•
Taizhou Suzhong
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