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.
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?