Global Automotive Antenna Module Market
Market Overview:
The global automotive antenna market size was valued at USD 7.8 billion in 2021 and is projected to grow at a CAGR of 4.6% during the forecast period. The global automotive antenna module market refers to the market for antenna modules used in automobiles for various communication and entertainment purposes. Automotive antenna modules are devices that enable communication and entertainment systems within a vehicle to operate by receiving and transmitting signals. These antenna modules are installed in various locations within the vehicle, such as the roof, windshield, and rear windshield. The market includes various types of antenna modules such as GPS, cellular, satellite, and others. The demand for automotive antenna modules is driven by the increasing use of infotainment and connected car systems in automobiles.
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the global automotive industry, including the automotive antenna module market. The outbreak of the pandemic has led to a slowdown in the production and sales of automobiles globally, as governments imposed lockdowns and social distancing measures, leading to a decline in consumer demand. This decline in production and sales has had a direct impact on the demand for automotive antenna modules.
Additionally, the disruption in the supply chain caused by the pandemic has led to a shortage of raw materials and components required for the production of automotive antenna modules. This has further impacted the production and supply of antenna modules in the market.
However, as the world adjusts to the pandemic, the market is expected to recover and grow steadily in the coming years. The demand for automotive antenna modules is likely to increase with the growing trend of connected cars, autonomous driving, and electric vehicles. Moreover, the increasing focus on safety and security in automobiles is expected to drive the demand for advanced antenna modules that can support features like collision avoidance, emergency call systems, and vehicle-to-vehicle communication.
Market Dynamics:
Drivers:
Increasing adoption of advanced driver assistance systems (ADAS): With the growing demand for safety features and advanced technologies in automobiles, the use of ADAS has increased significantly. This has led to a surge in demand for automotive antenna modules that enable seamless communication between various components of the ADAS.
Growing demand for connected cars: Connected cars, which are equipped with various sensors and devices that allow for communication with the outside world, are becoming increasingly popular. Antenna modules play a crucial role in ensuring reliable and seamless communication between the car and the outside world, driving the demand for automotive antenna modules.
Technological advancements: Advancements in antenna technology have led to the development of more efficient and high-performance antenna modules. These modules offer better connectivity and faster data transfer rates, which is driving their adoption in the automotive industry.
Increasing demand for high-speed data transfer: With the growing popularity of in-car entertainment and infotainment systems, the demand for high-speed data transfer has increased significantly. Antenna modules play a crucial role in enabling high-speed data transfer, driving their adoption in the automotive industry.
Government regulations: Governments across the world are mandating the use of various safety features in automobiles. This is driving the demand for automotive antenna modules that are required for the proper functioning of these safety features.
Restraints:
Limited Range: One of the major challenges of automotive antenna modules is that they have a limited range. This can lead to signal dropout or weak signal reception in areas where the antenna is out of range. This can be a major concern for users who rely heavily on wireless connectivity while traveling.
Cost: Automotive antenna modules can be expensive to manufacture and install, especially when compared to other types of antennas. This can make them less accessible to budget-conscious consumers and can limit their adoption in some markets.
Complex Installation: Automotive antenna modules require careful installation and positioning to ensure optimal performance. This can be challenging for some users and may require professional installation, which can add to the overall cost.
Regional Analysis:
North America: The North America region has a significant share in the automotive antenna module market due to the presence of major automotive manufacturers in this region. The high adoption rate of advanced automotive technologies such as connected cars and electric vehicles is expected to fuel the growth of the automotive antenna module market in this region.
Europe: Europe is a significant market for automotive antenna modules owing to the high demand for advanced safety features and increasing production of electric vehicles in countries such as Germany, France, and the UK. The presence of major automotive manufacturers in this region is also contributing to the growth of the market.
Asia Pacific: The Asia Pacific region is expected to grow at a significant rate due to the growing automotive industry in countries such as China, Japan, and India. The increasing demand for connected cars and advanced safety features is also contributing to the growth of the automotive antenna module market in this region.
Latin America: The Latin America region is also expected to witness growth in the automotive antenna module market due to the increasing adoption of electric vehicles and advanced safety features in countries such as Brazil and Mexico.
Middle East & Africa: The Middle East & Africa region is expected to witness moderate growth in the automotive antenna module market due to the increasing adoption of advanced automotive technologies in countries such as Saudi Arabia and the UAE.
Market Segmentation:
By Vehicle Type:
· Passenger Cars
· Commercial Vehicles
By Frequency Range:
· Very High Frequency (VHF)
· Ultra-High Frequency (UHF)
· Cellular
· Global Positioning System (GPS)
· Satellite Radio
By Sales Channel:
· Original Equipment Manufacturers (OEM)
· Aftermarket
Competitive Landscape:
The global automotive antenna module market is highly competitive, with the presence of several major players. Some of the key players operating in the market include TE Connectivity Ltd., Hirschmann Car Communication GmbH, Continental AG, Harada Industry Co. Ltd., Laird Connectivity, Kathrein Automotive GmbH, Amphenol Corporation, Yokowo Co. Ltd., Schaffner Holding AG, and Suzhou RF Top Electronic Communications Co. Ltd.
These players are focusing on various strategies such as mergers and acquisitions, collaborations, and new product launches to strengthen their market position. For instance, in 2020, TE Connectivity Ltd. launched its new MATEnet modular and scalable connector system designed for automotive Ethernet, which is expected to cater to the growing demand for high-speed data transmission in vehicles. Similarly, in 2021, Laird Connectivity announced the launch of its new 5G automotive grade connectivity module, which is expected to enhance the performance of next-generation vehicles.
The market is also witnessing partnerships and collaborations among key players to expand their market presence. For example, in 2019, Hirschmann Car Communication GmbH and Veoneer, Inc. collaborated to develop and commercialize automotive-grade Ethernet components and systems for autonomous driving and connected vehicles.
In addition to these strategies, players are also investing in research and development to develop advanced automotive antenna modules that can cater to the evolving automotive industry's changing demands.
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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