The Increasing demand for connected based safety features is one of the key factors stimulating demand for the global automotive smart antenna market. The increase in cellular uses for connected vehicles is likely to be another trend stimulating demand for this market in the coming years.
On the other hand, the dearth of communication infrastructure and information technology in emerging regions is likely to be one of the key factor negatively limiting the growth of the automotive smart antenna market. The lag in government regulatory policy is projected to be another restraints majorly impacting the growth of the automotive smart antenna market.
The report provides an in-depth analysis of the automotive smart antenna market along with the regional and segmental analysis is also included. The report also profiles key players functioning in this market. The market driving and restraining factors are also highlighted in the research report. The competitive landscape of the automotive smart antenna market is also provided in the research report.
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The rapid increase in cellular connectivity in vehicles is likely to boost demand for the global automotive smart antenna market in the coming years. In addition to this, growing adoption of satellite antennas in smart homes is likely to propel demand for this market in the coming years. Furthermore, the use of MIMO antenna technology in the automotive sector is another trend positively contributing towards the growth of this market in the near future.
The growing demand for the hybrid electric vehicle is expected to be one of the key reason behind the growth of the automotive smart antenna market. This is likely to generate key opportunities to increase the number of connected features in the coming years. Additionally, the growing demand for convenience and comfort is likely to surge the addition of various features such as GPS services, cellular connectivity, and video broadcast and digital audio. The increasing the adoption of the aforementioned features in the automobiles is expected to supplement demand for the global automotive smart antennas.
From the geographical point of view, North America and Europe are likely to account for maximum share in the global automotive smart antenna market. This is owing to the growing adoption of hybrid vehicles in North America and Europe is likely to boost demand for this market. Furthermore, adoption of hybrid electric vehicles has increased in the developing region especially in the U.S. and this is likely to offer key opportunities to increase the number of connected features. This is another factor propelling demand in North America regions.
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The key players operating in the automotive smart antenna market are Kathrein (Germany), TE Connectivity (Switzerland) and Harada (Japan), Ficosa (Spain). The key players are majorly focused towards software and hardware platform for external communications and in-vehicle. This has further boosted increasing need for communication devices such as Antennas and hence this market has registered significant growth in the coming years. The technology advancement with respect to disruptive trends, for instance, IoT, autonomous vehicle and highly advanced vehicle have boosted demand for communication electronics in vehicles.