On-Glass Antenna for Connected Vehicles Market size is poised to witness over 8.2% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to growing concern towards automotive safety, and increasing penetration of IoT in the automotive industry with wireless technology incorporation and positioning technologies, including Wi-Fi, 3G/4 LTE, Bluetooth, vehicle-to-vehicle (V2V), and vehicle-to-everything (V2X) connecting technologies. In 2020, it was estimated that over 45% of all new cars shipped worldwide were connected cars, and by 2030, this share is expected to double to nearly 95%.
On-glass antenna, embedded into a laminated vehicle window glass, is used for 5 GHz WLAN/Wi-Fi, dedicated short-range communications (DSRC), vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications. By installing an on-glass antenna on the vehicle, radio waves can be transmitted and received using beamforming, which concentrates radio waves in a specific direction, and multiple-input multiple-output (MIMO) functionality. This improves communication speed by simultaneously transmitting different data from multiple antennas. This allows stable, high-speed communication even for vehicles in operation.
However, growing concern towards automotive safety as these systems are prone to technological hacking, which can compromise the security of the vehicles, is expected to operate as a key barrier to the growth of the market. Furthermore, declining production rate in the global automotive industry due to lower consumer confidence on the back of an increase in interest rates, higher fuel prices, and a hike in vehicle insurance costs is also anticipated to hinder the growth of the market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
8.2% |
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Regional Scope |
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The market is segmented by connection technology into 3G, 4G, and 5G, out of which, the 4G segment is anticipated to hold the largest share of the market over the forecast period owing to extensive utilization of 4G network. Further, several governments across the globe are emphasizing on the deployment of 5G spectrum which is expected to revolutionize the current transport systems. Owing to this factor, the 5G segment is estimated to witness highest growth during the forecast period.
The on-glass antenna for connected vehicles market is further segmented on the basis of vehicle type into passenger vehicle and commercial vehicle, out of which, the passenger vehicle segment is estimated to witness highest growth during the forecast period. The growth of the segment is attributed to increasing implementation of on-glass antennas in passenger vehicles for efficient utilisation of various wireless technologies, such as GPS, satellite radio, Wi-Fi, bluetooth, and electronic toll collection.
Our in-depth analysis of the global market includes the following segments:
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By Connection Technology |
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By Antenna Type |
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By Vehicle Type |
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Geographically, the global on-glass antenna for connected vehicles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is estimated to dominate majority revenue share by 2036, attributed to significant demand for automotive smart antennas propelled by strong economic growth, growing population, rapid urbanization, and growing connected cars. Furthermore, growing cellular applications and increasing demand for safety features in vehicles are driving emerging economies, such as China and India, along with Japan and South Korea, to introduce vehicle and road safety regulations. As of 2021, the connected car fleet in China and Japan was approximately 68 and 8 million units, respectively. These numbers are expected to grow to approximately 170 and 27 million units, respectively, by 2030. This is anticipated to provide untapped business opportunities for market players to invest in the region.
Author Credits: Abhishek Verma
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