Global Automotive Smart Antenna Market is expected to witness exponential growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Smart Antenna Market that contains the information from 2018 to 2023. The Global Automotive Smart Antenna Market is expected to progress with the CAGR of ~7.5% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Smart Antenna Market Information from 2018 to 2023″
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The prominent players in the global Automotive Smart Antenna Market include Ficosa International, S.A.(Spain), Continental AG (Germany), Hirschmann Car Communication GmbH (Germany), West Corporation (US), Ace Technologies Corp. (Korea), Antenova M2M (UK), WORLD PRODUCTS INC.(US), KATHREIN SE (Germany), Laird (US), among others.
The automotive industry relies on the very latest communication technologies and provides access to always-on communication and real-time data to keep everyone safe and connected everywhere. Automotive smart antenna enables critical communications and makes the traveling smooth and reliable. In a vehicle, smart antenna is a signal receiver and transporting device connected to Bluetooth, wireless, and other devices.
The rise in wireless and other positioning technologies incorporation in vehicle along with increasing automotive production is attributed to drive the global automotive smart antenna market during the forecast period. Furthermore, growing installation of infotainment and communication devices coupled with rising automotive fleet to enhance the sales of aftermarket automotive smart antennas during the review period.
However, relatively higher cost of infotainment and other V2X and V2V technology, lack of infrastructure, and improper radio and signal processing data collection are the factors which are expected to hamper the growth of the automotive smart antenna market.
Stringent road safety regulations, rising awareness among end users towards intelligent transportation and communication are expected to fuel the growth of automotive smart antenna market.
The global Automotive Smart Antenna Market is estimated to witness ~7.5% CAGR during the period from 2018 to 2023.
The global Automotive Smart Antenna Market is segmented on the basis of frequency, vehicle type, sales channel, and region. On the basis of frequency, the market has been segmented into ultra-high frequency, very high frequency, and high frequency. On the basis of vehicle type, the market has been segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicle. On the basis of sales channel, the market has been segmented into original equipment manufacturer, original equipment supplier, and independent aftermarket.
On the basis of frequency type, the ultra-high frequency segment is estimated to register significant growth in the next five years owing to rising demand for more accurate and efficient smart antenna to perform and adhere to multi tasks of communication, safety, and infotainment operations
On the basis of vehicle type, the passenger cars segment is expected to hold significant share in the global automotive smart antenna market. This is due to relatively high adoption rate of smart antennas and upgradation of existing passenger cars in developed regions. Furthermore, the increase in spending of end users and rising interest towards technical and safety features to augment the growth of the segment.
On the basis of sales channel, the OEM segment is projected to hold the largest share in the Automotive Smart Antenna Market from 2018 to 2023. This growth is attributed due to rise in sales of sedan and luxury cars in developing nations and integrated smart antenna systems. Furthermore, the aftermarket and OES segments are projected to witness substantial growth in the future owing to increase in installation of automotive smart antenna in the existing vehicles or total fleet.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global Automotive Smart Antenna Market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.