iCrowdNewswire Jan 20, 2021 8:00 AM ET
The global automotive antenna module market was valued at USD 1.74 billion in 2019 and is estimated to surpass 2.03 Billion by 2026 and is projected to expand at a CAGR of approximately 3% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the utilization of automotive antenna module for multiple applications such as satellite navigation, remote diagnostics, vehicle tracking, collision notification and radio. The rise in the adoption of collision avoidance systems and pre-crash systems is expected to drive the market in the coming years.
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Automotive antenna modules are utilized for serving multiple purposes in a vehicle such as data exchange via Bluetooth, global positioning, FM Radio, phone pairing and navigation. Various manufacturing firms are providing new tools for integration of mobile device and for car to car communication, which is expected to boost the growth of the market. The focus on enhancing the electronic features of vehicles has gained momentum in recent times. The adoption of 4G and 5G along with technological advancements like Wi-Fi, Bluetooth and Global Positioning Systems (GPS) is anticipated to drive the automotive antenna module market.
Market Trends, Drivers, Restraints, and Opportunities:
- The navigation feature has become a standard feature in vehicles. Navigation, entertainment and infotainment systems are wireless. All these wireless systems require an automotive antenna module to function properly. The rapid adoption of these features in mid and entry segment vehicles is expected to increase the demand for automotive antenna modules.
- The rising importance over safety of drivers and reduction in fatality rate has encouraged governments all over the world to promote the adoption of safety features in vehicles, which require automotive antenna modules. This is expected to drive the market in the forecasted period.
- The installation of automotive antenna module leads to technological spying, which leads to hacking of the systems which utilize automotive antenna and eventually leads to a compromised security system in these vehicles. This drawback is expected to hinder the growth of the market.
- The horizontal radiation of network technologies utilized for connectivity amenities in vehicles is an issue as the automotive antenna module on the contrary, emits the polarized radiation in a circular direction. This is expected to be a restraint for the market.
- The Advanced Driver Assistance System (ADAS) is based on radar technology, vision and sensor, which includes the usage of multiple long range and short range antennas. The increase in demand for ADAS technology in Europe and North America is anticipated to be an opportunity for the global automotive antenna module market.
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Segments Covered in the Report:
The global automotive antenna module market has been segmented on the basis of
By Antenna Type:
- On-glass Antenna
- Monopole Antenna
- Shark Fin Antenna
By Cellular Technology:
- Front Windshield
- Roof Module
By Vehicle Technology:
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Few Points of Table of Content:
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Automotive Antenna Module Market Overview
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Antenna Module Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.4. Market Trends
4.4. Automotive Antenna Module Market – Supply Chain
4.5. Global Automotive Antenna Module Market Forecast
4.5.1. Automotive Antenna Module Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Antenna Module Market Size (000? Units) and Y-o-Y Growth
4.5.3. Automotive Antenna Module Market Absolute $ Opportunity
- Global Automotive Antenna Module Market Analysis and Forecast by Type
5.1. Market Trends
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive Antenna Module Market Size and Volume Forecast by Type
5.3.1. Fin Type
5.3.2. Rod Type
5.3.3. Screen Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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