The Latin America, Middle East and Africa Automotive Smart Antenna Market would witness market growth of 14.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Smart Antenna Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $113.3 million by 2031. The Argentina market is showcasing a CAGR of 15.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.4% during (2024 - 2031).
The adoption of these smart antennas is accelerating as automakers increasingly focus on enhancing vehicle connectivity and safety. The rapid adoption of advanced communication systems, the implementation of 5G networks, and the growing shift towards autonomous vehicles all contribute to the rising demand for smart antennas.
One key factor driving the adoption of automotive smart antennas is the growing importance of connectivity in the automotive industry. Consumers now expect vehicles to be equipped with the latest communication technologies, such as high-speed internet, real-time navigation, and vehicle-to-vehicle communication.
Saudi Arabia’s automotive industry is the largest GCC, accounting for nearly 52% of all vehicles sold and 35% in the broader MENA region. In 2019, 556,000 vehicles were sold in Saudi Arabia, reflecting the country’s strong automotive demand. Although vehicle sales are expected to reach 543,000 units by 2025, the adoption of connected vehicle technology is rising steadily. Dubai’s Autonomous Transportation Strategy, which aims for 25% of all transportation to be autonomous by 2030, is a game-changer for the automotive sector. The Dubai Roads and Transport Authority (RTA) plans to deploy 4,000 autonomous taxis by 2030, integrating smart antenna technology for vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication. This technology will be essential for ensuring the safety and efficiency of autonomous vehicles by enabling high-speed data transfer and continuous connectivity. Therefore, the rising vehicle sales in Saudi Arabia and Dubai’s focus on autonomous transportation are collectively boosting the market in the region.
Free Valuable Insights: The Worldwide Automotive Smart Antenna Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Vehicle
By Propulsion
By Frequency
By Sales Channel
By Country
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