On-Glass Antenna for Connected Vehicles Market Size

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.