DUBLIN--(BUSINESS WIRE)--The "Automotive Integrated Antenna System Market - A Global and Regional Analysis: Focus on Component, Antenna Type, Antenna Design, Connectivity, Frequency, Placement, Vehicle Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global automotive integrated antenna system market is projected to reach $2,426.9 million by 2031 from $1,006.1 million in 2022, growing at a CAGR of 10.28% during the forecast period 2022-2031.
Key Companies Profiled
- TE Connectivity
- Ficosa International S.A.
- Continental Automotive
- Harada Industry Co. Ltd.
- Denso Corporation
- Kathrein Solutions GmbH
- Rohde and Schwarz GmbH & Co KG
- Yokogawa Electric Corporation
- Antcom Corporation
- Laird Connectivity
- AGC Automotive
- ACE Technologies Corporation
- FIAMM Componenti Accessori - F.C.A.
- Mistral Solutions Pvt. Ltd.
The growth in the automotive integrated antenna system market is expected to be driven by technological advancements and increasing demand for advanced driver assistance systems (ADAS).
Market Lifecycle Stage
Globally connected vehicles are moving the automotive industry into a new era. Vehicles are being deployed with extensive sensor platforms that generate vast amounts of data from different systems, such as LIDAR, telematics control units, or OBD-II interfaces.
At the same time, the advent of 5G and underlying low latency, high bandwidth V2X technology is enabling dozens of new automotive use cases.
The automotive industry has been undergoing dynamic changes in recent years due to factors such as declining fuel prices, low industry growth rate, the emergence of electric and hybrid electric vehicles, improvement in automotive credit availability, aging vehicle fleet, and last but not least, the emergence of disruptive trends such as car sharing and ride-hailing services globally.
Impact of COVID-19
COVID-19 caused disruptions in the supply chain of the semiconductor industry. It had short-term and long-term effects on the automotive integrated antenna system market. The environment for semiconductor operations is quite complex. For assembly, testing, packing, and equipment, suppliers and partners around the world need a lot of raw materials. Increased use of the internet is benefiting the automotive integrated antenna system market.
Since the market is predominantly driven by expanding car sales and production, the influence of the COVID-19 pandemic on the automotive integrated antenna system market was unavoidable. Due to the repeated lockdowns and shutdowns of manufacturing units, car output and sales grew slowly in various parts of the world.
Demand - Drivers and Limitations
The following are the demand drivers for the automotive integrated antenna system market:
- Increasing Sales of Electric and Autonomous Vehicles
- Increasing Focus on Vehicle Safety
The market is expected to face some limitations as well due to the following challenge:
- Conflict between Requirements for Smaller Device Size and Larger Antenna Bandwidth
Segmentation 1: by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
The passenger vehicles segment accounts for largest share of the automotive integrated antenna system market. Rise in the sale of connected vehicles, passenger vehicles with infotainment systems, and autonomous vehicles is driving the segment growth.
Segmentation 2: by Antenna Type
- Planar Antenna
- Non-Planar Antenna
The planar antenna segment accounts for the largest share of the automotive integrated antenna system market. In automotive sensing applications, planar antennas are gaining popularity due to their low cost, low profile, and ease of integration with host systems.
Segmentation 3: by Component
- Telematics Control Unit (TCU)
- Data Connectors
The telematics control unit segment accounts for highest share of the automotive integrated antenna system market.
Segmentation 4: by Antenna Design
- Shark-Fin Antenna (without TCU)
- Antenna Farm (Without TCU)
- Antenna Farm with TCU
- TCU Box with Integrated Antenna
- Antenna Farm with Slim TCU
The Shark-Fin Antenna (Without TCU) segment accounts for the largest share of the automotive integrated antenna system market. These antennas are growing in popularity because they are more resilient, aesthetically pleasing, and functional.
Segmentation 5: by Connectivity
The WiFi-Bluetooth segment accounts for the largest share of the automotive integrated antenna system market. The increase in the demand of wireless technology drives the WiFi-Bluetooth segment growth.
Segmentation 6: by Frequency
- High Frequency
- Very High Frequency
- Ultra-High Frequency
The high frequency segment accounts for the largest share of the automotive integrated antenna system market due to an increase in shipment of the conventional and connected cars globally.
Segmentation 7: by Region
- North America
- Asia-Pacific and Japan
North America is currently one of the most competitive markets in the automotive integrated antenna system market. The North America region comprises the U.S. and Canada. The presence of technology providers, minimal miscalculations, product customization, and reduced production timescale are the primary driving factors of the North America automotive integrated antenna system market.
For more information about this report visit https://www.researchandmarkets.com/r/rc6t97
Laura Wood, Senior Press Manager
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