Global Automotive Smart Antenna Industry to reach USD 5.8 million by 2026. Global Automotive Smart Antenna Industry is valued approximately USD 2.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14% over the forecast period 2020-2026. Smart antennas also known as digital antenna arrays or multiple antennas that are used to identify spatial signal signatures such as the direction of arrival (DOA) of the signal in vehicles. Increasing installation of safety and convenience features in light and heavy-duty vehicles, and growing advancements in the field of vehicle electronics is expected to promote the growth of the Industry. According to global strategy by the United Nations’ Decade of Action for Road Safety is expected to reduce fatalities and injuries by 50 per cent by 2020 through advanced safety features in vehicles. Thus, growing advancement in automotive sector is also driving the Industry growth.
The regional analysis of global automotive smart antenna Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading Industry region for global automotive smart antenna Industry in terms of Industry revenue share. Factors such as emerging automotive Industry players in North America is promoting the growth of the Industry.
The objective of the research study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming six years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the research study. However, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industry for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Automotive Smart Antenna Market Segmentation:
Very High Frequency
Electronic Control Unit (ECU)
Others (Connectors, Wiring Harness, Digital Bus)
Light Duty Vehicle
By Electric Vehicle:
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa