The Asia Pacific Automotive Smart Antenna Market would witness market growth of 12.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automotive Smart Antenna Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $615 million by 2031. The Japan market is registering a CAGR of 11.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 13.1% during (2024 - 2031).
ADAS technologies such as collision avoidance, lane-keeping assist, adaptive cruise control, and parking assistance require high-performance antenna systems to support sensors and communication protocols. Integrating smart antennas in ADAS is essential for ensuring reliable and accurate data exchange between the vehicle and its surroundings.
These smart antennas also contribute to safety and security features, including emergency response services, vehicle tracking, and theft deterrence systems. Antennas enable real-time communication with emergency services in case of an accident or vehicle breakdown, ensuring faster response times and better outcomes.
China remains the global leader in vehicle sales and manufacturing, with 26 million vehicles sold in 2021, of which 21.48 million were passenger vehicles, representing a 7.1% year-over-year growth. According to the International Trade Administration (ITA), domestic production will reach 35 million vehicles by 2025. This rapid expansion in production and sales and the growing adoption of electric and connected vehicles drive demand for advanced communication solutions like automotive smart antennas. India’s automotive industry, valued at over $222 billion, contributes 35% to the country’s manufacturing GDP. With 22.93 million vehicles produced annually, India has secured a strong position in the global heavy vehicles industry. It is the largest tractor manufacturer, the second-largest bus manufacturer, and the third-largest heavy truck manufacturer worldwide. As India transitions towards connected and smart vehicles, the demand for these smart antennas is rising. Hence, the rapid growth of the automotive industries in India and China is set to propel the market.
Free Valuable Insights: The Global Automotive Smart Antenna Market is Predict to reach USD 5.84 Billion by 2031, at a CAGR of 11.8%
Based on Vehicle, the market is segmented into Passenger Vehicles and Commercial Vehicles. Based on Propulsion, the market is segmented into Non-electric and Electric. Based on Frequency, the market is segmented into Ultra-High, Very High, and High. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Vehicle
By Propulsion
By Frequency
By Sales Channel
By Country
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