$5.9 Billion Automotive Smart Antenna Market by Vehicle, Frequency, Component, Electric Vehicle and Region - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Automotive Smart Antenna Market by Vehicle (Light Duty Vehicle and Commercial Vehicle), Frequency (High, Very High, and Ultra-High), Component (Transceivers, ECU, and Others), Electric Vehicle (BEV, HEV, and PHEV), and Region-Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The automotive smart antenna market size is expected to grow from USD 2.3 billion in 2018 to USD 5.9 billion by 2025, at a CAGR of 14.2% during the forecast period.
The automotive smart antenna market is driven by various factors such as the growing cellular applications for connected vehicles and the rise in demand for connectivity-based safety features. However, lack of information technology and communication infrastructure in developing regions along with the lag in government norms are the major restraints that can hamper the growth of the automotive smart antenna market.
The ECU is an alliance of electronic components with internal pre-programmed and programmable chipsets used to control one or more units in a vehicle. With the advent of intelligent vehicles, the automotive industry is moving toward a connected future. Vehicles are getting equipped with advanced features for controlling the communication bridge internally and externally. The ECU of the smart antenna includes hardware and software components that perform diverse functions for communication.
HEVs are intended to deliver improved fuel economy, increased power, or additional auxiliary power for electronic devices and power tools. As a result of the increasing stringency of emission norms and growing pollution levels, the adoption of hybrid electric vehicles (HEVs) has increased in developed regions such as North America and Europe. Moreover, the increasing use of hybrid taxis in developed countries such as the US would propel the market for HEVs. The surging adoption of HEVs would provide opportunities to increase the number of connected features. The growing demand for comfort and convenience would increase the integration of features such as digital audio and video broadcast, GPS services, and cellular connectivity. The increasing acceptance of such features in vehicles will, in turn, boost the demand for automotive smart antennas.
Rest of the World (RoW) is expected to have the highest growth rate during the forecast period. Factors such as increasing demand for automobiles, the availability of cheap labor, lenient environmental regulations, low transportation costs, and flexible export-import policies are driving the growth of the automotive industry in this region. Many organizations are working in this region to promote the latest wireless technologies such as IoT, which would create an opportunity for the growth of automotive smart antenna market.
The automotive smart antenna market comprises major solution providers such as Continental (Germany), Denso (Japan), TE Connectivity (Switzerland), Hella (Germany), Laird (UK), Yokowo (Japan), Harada (Japan), Schaffner (Switzerland), Kathrein (Germany), and Ficosa (Spain).
DriversGrowing Cellular Applications for Connected Vehicles Increasing Demand for Safety Features in Vehicles
RestraintsDeveloping Reliable In-Vehicle Architecture Lack of Communication Infrastructure in Developing Countries
OpportunitiesNew Revenue Opportunities in the Autonomous Vehicle Ecosystem Significant Revenue Contribution From Premium Vehicle Sales
ChallengesUnavailability of Standard Platforms for Vehicle Communication Design Challenges to Mount the Smart Antenna in Vehicles
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Smart Antenna Market, By Frequency
7 Automotive Smart Antenna Market, By Component
8 Automotive Smart Antenna Market, By Vehicle
9 Automotive Smart Antenna Market, By Electric Vehicle
10 Automotive Smart Antenna Market, By Region
11 Competitive Landscape
12 Company Profiles
12.3 Te Connectivity
12.12 Hirschmann Car Communication
12.13 MD Electronik
12.14 HUF Hlsbeck & Frst
12.15 Wisi Group
12.16 Calearo Antenne
12.18 Inpaq Technology
12.19 Pulselarsen Antenna
For more information about this report visit https://www.researchandmarkets.com/research/5d7hxb/5_9_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005655/en/
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Related Topics:Satellite Communications ,Automotive Parts,Electric and Hybrid Vehicles
KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SATELLITE AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/13/2018 07:24 AM/DISC: 11/13/2018 07:24 AM