On-Glass Antenna for Connected Vehicles Market Share

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.