Global Automotive Smart Antenna Market to Reach $5.58 Billion by 2032

The automotive industry is rapidly evolving, and at the forefront of this transformation is the automotive smart antenna market. Valued at USD 2.37 billion in 2023, the market is expected to reach USD 5.58 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% over the forecast period. With increasing demand for vehicle connectivity, infotainment systems, and safety features, smart antennas are becoming integral to next-generation vehicles.

Market Overview

In 2024, the market is projected to grow from USD 2.65 billion, paving the way for substantial technological advancements in vehicular communication systems. Smart antennas integrate multiple functions such as AM/FM, GPS, cellular, Wi-Fi, and satellite radio into a single compact module—enhancing design efficiency and vehicle connectivity.

The rising integration of connected and autonomous vehicle technologies, along with the proliferation of 5G networks, is significantly influencing the growth trajectory of this market.

List Of Key Players:

Mitsumi Electric Co., Ltd. (Japan)

Continental AG (Germany)

Harada Industry Co., Ltd. (Japan)

Molex (U.S.)

INFAC Corporation (South Korea)

Ficosa International SA (Spain)

Huf Group (Germany)

Harman International Inc. (U.S.)

Fuba Automotive Electronics GmbH (Germany)

Laird Connectivity (U.S.)

Regional Insights

Asia Pacific Leads the Charge

The Asia Pacific region dominated the global market in 2023 with a share of 59.07%. This dominance is largely driven by the automotive manufacturing hubs in countries such as China, Japan, South Korea, and India. These nations are not only investing heavily in connected vehicle technology but are also witnessing a rapid rise in electric vehicle (EV) adoption.

United States Market Outlook

In addition to Asia Pacific, the U.S. market is also on a high-growth path. By 2032, the automotive smart antenna market in the U.S. is expected to reach an estimated value of USD 577.2 billion. This sharp increase reflects the growing emphasis on advanced driver assistance systems (ADAS), vehicle-to-everything (V2X) communication, and stringent safety standards in North America.

Key Market Drivers

Several factors are fueling the expansion of the automotive smart antenna market:

Increasing Demand for In-Car Connectivity: Consumers now expect seamless mobile, navigation, and media experiences while driving.

Rise in Electric and Autonomous Vehicles: Smart antennas support data transmission for autonomous driving systems and EV infrastructure.

Growth in 5G and V2X Technologies: Enhanced bandwidth and low latency of 5G are accelerating the adoption of connected features.

Vehicle Safety Regulations: Government mandates for vehicle safety and emissions indirectly support the adoption of smart antennas.

OEM Integration Trends: Automakers are integrating multifunctional antennas during vehicle design to improve performance and reduce production complexity.

Challenges and Restraints

Despite its promising outlook, the market does face a few hurdles:

High initial cost of smart antenna systems

Complex integration with legacy vehicle architectures

Concerns over cybersecurity in connected vehicles

KEY INDUSTRY DEVELOPMENTS:

April 2024: Calian GNSS, also formerly known as Tallysman Wireless, announced that it has released its latest professional-grade GNSS antenna. The antenna integrates the Quectel chipset and offers various solutions such as dual-band GNSS, extended filtering, low phase center, low signal-to-noise ratio, and similar. The company claims the TW5387 antenna offers suitable choices for automotive, UAV, and robotics applications, which require accuracy and precise timing.

December 2023: LG showcased its latest technological innovation in vehicle connectivity solutions at the CES 2024 held in Las Vegas. The company unveiled its new generation of transparent automotive antenna. The company’s entry into the automotive antenna market is expected to further expand its customer base and product business in the communication auto component segment.