Automotive Smart Antenna Market Analysis

Automotive Smart Antenna Market Analysis

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Based on the vehicle, the passenger cars segment dominated around USD 1.6 billion revenue in 2023. The introduction of innovative transparent antennas with enhanced vehicle telecommunications capabilities is fueling the passenger cars segment of the market. These antennas offer seamless integration with vehicle design while providing robust communication capabilities including improved connectivity for infotainment systems, navigation, and advanced driver assistance features.
 

For instance, in December 2023, LG Electronics (LG) announced plans to reveal a groundbreaking transparent antenna for automobiles. This innovative technology, a result of collaboration with Saint-Gobain Sekurit, a renowned French glass manufacturer, represents a notable advancement in seamlessly integrating design and improving vehicle telecommunications capabilities.
 

Based on the frequency, the very high frequency segment held over 55% of the automotive smart antenna market share in 2023. Emerging applications in connected and autonomous vehicles, such as collision avoidance systems and cooperative adaptive cruise control, are creating a demand for very high frequency antennas. These antennas facilitate real-time communication between vehicles, enabling advanced functionalities that enhance safety and efficiency on the road.
 

Technological advancements in very high frequency antenna design including multi-beam and phased array antennas are improving signal reception, range, and reliability. These advancements are crucial in meeting the evolving communication needs of modern vehicles and supporting the integration of emerging automotive technologies.
 

Asia Pacific automotive smart antenna market accounted for 40% of the revenue share in 2023. The region is witnessing a surge in automotive production, driven by countries including China, Japan, and South Korea. According to the International Organization of Motor Vehicle Manufacturers, in 2022, the production of the Passenger cars surged from 38,188,956 to 42,324,447. This growth is fueled by factors such as the rising consumer demand, increasing industrialization, and favorable government policies supporting the automotive industry. As vehicle production continues to expand, there is a parallel increase in the demand for smart antennas as integral components for advanced connectivity and communication systems in modern vehicles, propelling market growth.