Automotive Antenna Module Market to Grow by USD 525.67 million | Technavio | State

NEW YORK, Feb. 3, 2022 /PRNewswire/ — The latest automotive antenna module market report by Technavio infers that the increasing connectivity technologies in vehicles is driving this market’s growth, resulting in market growth of USD 525.67 million from 2020 to 2025. 

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The automotive antenna module market report covers the following areas:

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. Amphenol Corp., ANTONICS-ICP GmbH, Continental AG, HARADA INDUSTRY Co. Ltd., Kymeta Corp., Laird Plc, Lorom Industrial Co. Ltd., Schaffner Holding AG, Taoglas Group Holdings Ltd., and TE Connectivity Ltd. are some of the few key vendors competing to maintain their market position in the market.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

• Segmentation by Type: 
• Passenger Cars: 
• The passenger cars segment contributed largely to the overall market growth in 2020.
• The rising demand for premium cars and increasing technological advances in the passenger car segment will have a positive impact on the global automotive antenna module market.
• Commercial Vehicles

• Segmentation by frequency range:
• Medium-range:
• In terms of frequency range, the medium-range segment will have significant market share growth during the forecast period.
• The increasing demand for connected vehicles and the increase in the adoption of cellular technology in vehicles would increase the range of applications like connected infotainment, navigation, usage-based insurance, remote diagnostics, prognostics that use medium-range antennas.
• High-range
• Low-range

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Regional Market Outlook

North America will contribute to 40% of the market growth during the forecast period. The high demand for automobiles in the US will drive the automotive antenna module market growth in North America during the forecast period. If we look at the country-wise market growth, the US will contribute the highest market growth.

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Latest Trends and Drivers in the Automotive Antenna Module Market

• Market Driver:
• Increase in the adoption of connectivity technologies for added comfort:

The global automotive market is witnessing a rise in the adoption of connectivity technologies through connected infotainment systems and navigation systems. The demand for luxury cars in emerging markets such as China is increasing due to the rise in average disposable income. Connected technology is also gaining traction in mid-segment vehicles, which will increase the volume sales of automotive antenna modules.

• Market Trend:
• Growing popularity of cellular V2X technologies:

The growing popularity of cellular V2X technologies is supporting the automotive antenna module market share growth. The developments in 4G LTE and 5G wireless technology are helping the testing and adoption of cellular V2X communication. C-V2X technologies for connectivity would have a positive impact on the global automotive antenna module market in the near future with the adoption of 4G LTE for connectivity in a few regions.

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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• Evaluate a specific segment or region in detail
• Identify key suppliers, customers, or other market players
• Analyze market regulations

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Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist automotive antenna module market growth during the next five years
• Estimation of the automotive antenna module market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive antenna module market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive antenna module market vendors

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