Jersey City, New Jersey, Sept. 30, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Automotive Smart Antenna Market” By type (passenger vehicle and commercial vehicle), by product (very high frequency, high frequency and ultra-high frequency) and by geography.
According to in-depth research conducted by Verified Market Research, the global Automotive Smart Antenna market size was valued at USD 2,601.81 Million in 2019 and is projected to reach USD 5,651.80 Million by 2027, growing at a CAGR by 14.51% from 2020 to 2027.
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Browse the table of contents in depth on “Automotive Smart Antenna Market”
202 – Pages
126 – Tables
37 – Numbers
Global Automotive Smart Antenna Market Overview
The steady increase in incorporation and positioning of wireless technologies including Wi-Fi, 3G/4 LTE, Bluetooth, Vehicle-to-Vehicle (V2V) and Vehicle-to-Everything (V2X) technologies is expected to propel the growth of the global automotive smart antennas market in the current and upcoming years in vehicles. In the current technological era, the need for vehicle-to-vehicle or vehicle-to-infrastructure connectivity is gaining ground to keep up with real-time data generation and processing. Rising automotive vehicle fleet, increase in automobile production across the globe, and an increase in demand for luxury vehicles are among the factors that are expected to drive the growth of the global automotive smart antenna market over the course of the forecast period.
In addition, growing concerns regarding automotive safety are expected to boost the demand for the automotive smart antenna market. On the other hand, global automobile production has seen a significant decline due to declining consumer confidence due to an increase in interest rates, rising fuel prices and higher insurance costs for car insurance. vehicles. Declining production rate in the automotive industry subsequently creates a drag on the growth of the automotive smart antenna market. In addition, some fleet operators are unsure about the installation of the automotive smart antenna system for fear of data breach, which would cause a setback for the growth of the market.
The main market players are Continental AG, Harada, TE Connectivity, Denso, Yokowo, Hella, Laird, Schaffner and others.
Verified Market Research has segmented the global automotive smart antenna market on the basis of type, product, and geography.
- Automotive Smart Antenna Market, By Type
- Tourism vehicle
- commercial vehicle
- Automotive Smart Antenna Market, By Product
- very high frequency
- High frequency
- Ultra-high frequency
- Automotive Smart Antenna Market, By Geography
- North America
- The rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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Major Automotive Smart Antenna Manufacturersusing the miracles of science, innovating for a safer world
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