The North America Automotive Smart Antenna Market would witness market growth of 11.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Smart Antenna Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,248.3 million by 2031. The Canada market is experiencing a CAGR of 13.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.6% during (2024 - 2031).
The automotive industry has undergone significant technological advancements over the past few decades, with innovations designed to enhance safety, connectivity, and overall driving experience. One of the most transformative developments in automotive technology is the emergence of smart antenna systems.
Smart antennas are integral to the vehicle’s communication system, allowing for the seamless transmission and reception of signals for numerous in-vehicle technologies. With the rise of 5G networks, the proliferation of advanced driver-assistance systems (ADAS), and the growing demand for enhanced infotainment, this market is poised for rapid expansion.
Mexico ranks seventh in the world for passenger car production, with 3.5 million cars manufactured annually, according to the International Trade Administration (ITA). Of these, 88% are exported, with the U.S. being the destination for 76%. This strong export orientation, particularly to the U.S., makes it essential for Mexican automakers to integrate advanced technologies like smart antennas to meet the growing demand for connected vehicles in international markets. The U.S. is at the forefront of the autonomous vehicle revolution, with projections from the National Association of Insurance Commissioners estimating that 3.5 million self-driving vehicles will be on U.S. roads by 2025, increasing to 4.5 million by 2030. Autonomous vehicles rely heavily on advanced communication systems for navigation, real-time data sharing, and safety features. Automotive smart antennas enable V2X communication, helping autonomous vehicles interact with traffic infrastructure, other vehicles, and external networks. Thus, the expanding automotive production in Mexico and the rising deployment of autonomous vehicles in the U.S. are accelerating the growth of the market.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Vehicle
By Propulsion
By Frequency
By Sales Channel
By Country
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