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Automotive Antenna Module Market Size
- Report ID: GMI12355
- Published Date: Nov 2024
- Report Format: PDF
Automotive Antenna Module Market Size
The global automotive antenna module market size was valued at USD 3.6 billion in 2024 and is projected to grow at a CAGR of 7.2% between 2025 and 2034. One significant driver of the market is the increasing demand for vehicle connectivity. Modern consumers and regulatory bodies expect vehicles to be equipped with advanced connectivity features, such as internet access, GPS navigation, and emergency communication (e.g., eCall in Europe). This demand is amplified by the rise of connected services like real-time traffic information, remote diagnostics, and over-the-air software updates, which require reliable, high-performance antenna modules.
Additionally, the push toward autonomous driving relies on seamless communication with infrastructure and other vehicles (V2X), which depends on sophisticated antenna systems. As a result, automakers and OEMs are investing in multi-functional, compact antenna modules that integrate various connectivity options to meet these evolving requirements.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Automotive Antenna Module Market Size in 2024: | USD 3.6 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 7.2% |
| 2025 – 2034 Value Projection: | USD 7.5 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Form, Type, Vehicle, Propulsion, Sales Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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For instance, According to GMI Automotive Over-The-Air Update Market size was valued at USD 3.8 billion in 2023 and is estimated to register a CAGR of over 17% between 2024 and 2032. This high growth rate for OTA compatibility in vehicles would generate the consistent demand for automotive antenna module globally.
Another key driver in the Automotive Antenna Module Market is the adoption of advanced driver assistance systems (ADAS), which rely heavily on real-time data exchange. ADAS features like collision avoidance, lane-keeping, and adaptive cruise control require continuous communication with external sources, such as GPS satellites, other vehicles (V2V), and roadside infrastructure (V2I). This demand for reliable data transmission has led to the development of specialized antenna modules that support high-speed, low-latency connectivity. As ADAS features become standard in many vehicles, the need for advanced antenna modules continues to rise, pushing market growth.
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Automotive Antenna Module Market Scope
