NEW YORK, Jan. 14, 2022 /PRNewswire/ -- 40% of the growth will originate from North America for the automotive antenna module market. The US is the key market for automotive antenna modules in North America. Market growth in this region will be faster than the growth of the market in regions. The high demand for automobiles in the US will facilitate the automotive antenna module market growth in North America over the forecast period. The automotive antenna module market is set to grow by USD 525.67 million from 2020 to 2025, progressing at a CAGR of 8% according to the latest report by Technavio.
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Automotive Antenna Module Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive antenna module market report covers the following areas:
- Automotive Antenna Module Market size
- Automotive Antenna Module Market trends
- Automotive Antenna Module Market industry analysis
Automotive Antenna Module Market 2021-2025: Vendor Analysis
The automotive antenna module market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 major market participants.
Automotive Antenna Module Market 2021-2025: Driver
The global automotive market is witnessing an increase in the adoption of connectivity technologies for added comfort through connected infotainment systems and navigation systems. The growing penetration of connectivity in cars is driving the global automotive antenna module market. Remote diagnostics is witnessing increasing adoption in vehicles and will be crucial for the adoption of automotive antennas in mid-segment cars during the forecast period. More than half of the vehicles in the US are fitted with remote diagnostics, and the adoption rate of the same is expected to increase further during the forecast period. The demand for luxury cars in emerging markets such as China is increasing because of the rise in average disposable income. The connected technology is also gaining traction in mid-segment vehicles, which will increase the volume sales of automotive antenna modules.
Automotive Antenna Module Market 2021-2025: Challenge
The frequent advancements and updates in technology will be a major challenge for the automotive antenna module market. Automotive antennas are necessary components that enable a vehicle to conduct wireless communications, and these are closely related to the communication channel. However, these automotive antennas are not able to cope with frequent advancements and software updates in wireless technologies. As a result, they tend to become incompatible or redundant in due course. Thus, dealing with the continuous changes taking place in communication technologies is proving to be a challenge for automotive antenna module manufacturers. Though OEMs are working in collaboration with automotive antenna module manufacturers and technology providers, adapting to frequent technological changes would continue to challenge the global automotive antenna module market during the forecast period.
Automotive Antenna Module Market 2021-2025: Revenue Generating Segment
The automotive antenna module market share growth by the passenger cars segment will be significant for revenue generation. The market share of passenger cars is expected to grow during the forecast period, which will further drive the global market. Passenger cars are continuously witnessing higher uptake of advanced antenna modules because of the improvements in wireless technologies and the need for antennas for the same. The increasing demand for premium cars and growing technological advancements in the passenger car segment will have a positive impact on the global automotive antenna module market.
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Automotive Antenna Module Market 2021-2025: Segmentation
- Passenger Cars
- Commercial Vehicles
- North America
- South America
- Market Landscape
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Automotive Antenna Module Market 2021-2025: 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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Automotive Antenna Module Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 8%
Market growth 2021-2025
USD 525.67 million
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 40%
Key consumer countries
US, Germany, France, China, Japan, and UK
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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