Global Automotive Antenna Market
Automotive Antenna Market size is estimated at USD 9.2 billion in 2024 and is set to exceed USD 19 billion by the end of 2037, expanding at over 5.87% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of automotive antenna is estimated at USD 9.5 billion.
The surging demand for connected and autonomous vehicles is expected to drive global automotive antenna market growth in the upcoming years. Automotive antennas are used in wireless communication systems such as GPS, Wi-Fi, FM, TV, V2I, V2C, and other devices in connected vehicles. With the V2I type of connectivity, the vehicles exchange data with the road units and share information related to speed limits, accidents, and weather conditions. Thus, automotive antennas are being increasingly used in connected and autonomous vehicles to reduce the number of accidents. As per a 2023 study by the AAA Foundation for Traffic Safety, currently available ADAS technologies in the U.S. are projected to reduce 37 million crashes, 14 million injuries, and 250,000 deaths over the next 30 years (2021-2050). This represents 16% of crashes, injuries, and deaths that would occur on U.S. roads without the deployment of these technologies.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.87% |
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Base Year Market Size (2024) |
USD 9.2 billion |
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Forecast Year Market Size (2037) |
USD 19 billion |
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Regional Scope |
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Antenna Type (Fin, Rod, Screen, Film)
Fin segment in the automotive antenna market is estimated to exceed USD 8.5 billion by the end of 2037. Fin, also referred to as shark fin antennas, are constructed in such a way that they can withstand several hazards such as tree branches, car washes, and bad weather. It is popular in vehicles for its efficiency, stylish design, and getting along with modern vehicle technologies. Shark fin antennas are also frequently found in commercial cars and taxi fleets owing to their adaptability to voice, mobile data, WLAN, public safety, and asset tracking applications. Moreover, the need to install multiple antenna is reduced as the fin antenna alone performs various functions. This also lowers the expense of deploying the antenna. In January 2022, Mitsubishi Electric launched the world’s smallest antenna for high-precision satellite-based positioning in four frequency bands. This antenna is expected to be installed in drones, and diverse vehicles for autonomous driving.
Vehicles Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)
By 2037, passenger cars segment in the automotive antenna market is expected to exceed USD 13.3 billion, up from a revenue of USD 6 billion to be generated in 2024. This growth is attributed to the growing demand for better connectivity, navigation and infotainment systems in passenger cars. These cars have gained immense popularity among consumers across the globe due to features such as compact size, stylish design, and economic value. According to the data published by the International Organization of Motor Vehicle Manufacturers (OICS) in 2024, the sales of passenger vehicles worldwide stood at 65.27 million units in 2023. The surging sales of luxury and premium vehicles and swift adoption of ADAS in passenger cars are other key factors expected to boost the segment growth during the forecast period.
Our in-depth analysis of the global automotive antenna market includes the following segments:
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Antenna Type |
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Frequency Range |
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Vehicle Type |
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APEJ Market Statistics
Asia Pacific automotive antenna market excluding Japan is expected to cross USD 6.7 billion by the end of 2037, which is the highest in contrast to the revenue of USD 2.8 billion to be generated in 2024. The market in this region is booming due to the rapidly expanding automotive industry in emerging countries such as India, and China. Growth in the automotive sector is further increasing the need for advanced communication technologies, leading to a surging demand for automotive antennas. These advanced communication technologies receive and transmit signals between the infrastructure and vehicles with the help of antennas.
Surging investment in smart cities in China is estimated to influence the automotive antenna market revenue generated in this country. Smart cities require vehicles to interact with infrastructure such as smart traffic lights and smart traffic management. By 2037, the China market is set to gather revenue of USD 4.3 billion.
The automotive antenna market in India is poised to generate a revenue of USD 0.8 billion by 2037, attributed to the surging demand for electric vehicles. As stated by the Press Information Bureau, on August 5, 2022, India had 13,92,265 units of electric vehicles running on the road as of 2022.
Indonesia’s expertise in manufacturing small, urban-friendly cars is an excellent fit for the adaptability of smart antennas. The country is expected to hold a market revenue of USD 0.2 billion by 2037.
North America Market Analysis-
North America automotive antenna market is set to register more than 5.5% growth from 2025 to 2037. This growth can be driven by rising growing need for safety features in modern automobiles and rapid adoption of advanced technologies.
Surging production of advanced system buses is estimated to boost the automotive antenna market growth in the United States. Additionally, the growing importance of AI and IoT devices in vehicles is fostering market expansion.
The automotive antenna market in Canada is predicted to expand at a revenue CAGR of 3.9 % through 2037 due to presence of major technological firms and automotive manufacturers that continuously support the research and development in antenna technologies. This has further driven the production and sales of modern vehicles in the country.
Businesses across the globe are focusing on research and development to meet the changing preferences of their users. The key players in the automotive antenna market are rigorously adopting advanced technologies to dominate their presence in the market. Partnerships, product launches, acquisitions, and collaborations are a few of the strategies adopted by the key players in the automotive antenna market. For instance, in June 2024, Yokowo Co., Ltd., announced the launch of world’s smallest class compact private 5G MIMO antenna releasing high speed, and large capacity data communication. Some of the major key players include in the market include:
Author Credits: Saima Khursheed
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