Automotive Antenna Module Market by Vehicle Type, Frequency Range, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41334
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The automotive antenna module market share is expected to increase by USD 525.67 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This automotive antenna module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (passenger cars and commercial vehicles), frequency range (medium-range, high-range, and low-range), and geography (North America, Europe, APAC, South America, and MEA). The automotive antenna module market report also offers information on several market vendors, including 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. among others.

What will the Automotive Antenna Module Market Size be During the Forecast Period?

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Automotive Antenna Module Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing connectivity technologies in vehicles is notably driving the automotive antenna module market growth, although factors such as frequent advancements and updates in technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive antenna module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Antenna Module Market 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. 

Key Automotive Antenna Module Market Trend

The growing popularity of cellular V2X technologies is another major factor supporting the automotive antenna module market share growth. Vehicle-to-everything (V2X) technology adoption has its origins in The Institute of Electrical and Electronics Engineers (IEEE) 802.11p standards. Dedicated short-range communication (DSRC) is highly adopted across the world for V2X communication. However, cellular connectivity technology is being tested in the V2X market because of the wider presence of the cellular network. The developments in 4G LTE and 5G wireless technology are helping the testing and adoption of cellular V2X communication. With the adoption of 4G LTE for connectivity in a few regions, C-V2X technologies for connectivity would have a positive impact on the global automotive antenna module market in the near future.

Key Automotive Antenna Module Market 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.

This automotive antenna module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Dynamics

Technavio categorizes the global automotive antenna module system market as a part of the global auto parts and equipment market within the global auto components market. The global auto parts and equipment market cover companies engaged in the production of parts and accessories for automobiles such as passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.

Who are the Major Automotive Antenna Module Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • TE Connectivity Ltd.

 

This statistical study of the automotive antenna module market encompasses successful business strategies deployed by the key vendors. The automotive antenna module market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Continental AG - In January 2019, the company collaborated with German-based start-up company, Automotive Artificial Intelligence to enhance its approach for virtual development of its automated driving technology
  • Schaffner Holding AG - In November 2019, the company introduced extensions for 50 Hz eco sine Evo line passive harmonic filter series
  • Amphenol Corp. - In July 2019, the company launched a new facility in New Messa, Arizona (US).

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Automotive Antenna Module Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive antenna module market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Services
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Antenna Module Market?

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40% of the market’s growth will originate from North America during the forecast period. 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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Various countries in North America have been severely affected by the outbreak of the COVID-19 pandemic during 2020. The rise in the incidence of COVID-19 in various countries across the region influenced the governments to introduce emergency legislation, which included restrictions on several operational and business activities across industries. This led to the shutting down of several manufacturing units in North America, including those for automotive antenna modules. However, growing demand for advanced commercial and passenger vehicles, efforts by manufacturers to increase the production of a new range of advanced automobiles, which was halted for some time in 2020 due to the pandemic, and growing investments by automobile manufacturers in the region are the major factors that are expected to contribute to the recovery and growth of the overall automotive antenna module market in the region during the forecast period.

What are the Revenue-generating Type Segments in the Automotive Antenna Module Market?

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The automotive antenna module market share growth by the passenger cars segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive antenna module market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Antenna Module Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 525.67 million

Market structure

Fragmented

YoY growth (%)

6.32

Regional analysis

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

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Antenna Module Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive antenna module market growth during the next five years
  • Precise estimation of the automotive antenna module market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive antenna module industry across North America, Europe, APAC, South America, and MEA
  • A thorough 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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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Vehicle Type

  • Market segments
  • Comparison by Vehicle Type
  • Passenger cars - Market size and forecast 2020-2025
  • Commercial vehicles - Market size and forecast 2020-2025
  • Market opportunity by Vehicle Type

Market Segmentation by Frequency Range

  • Market segments
  • Comparison by Frequency range
  • Medium-range - Market size and forecast 2020-2025
  • High-range - Market size and forecast 2020-2025
  • Low-range - Market size and forecast 2020-2025
  • Market opportunity by Frequency range

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.
  • TE Connectivity Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive antenna module market growth will increase by $660.61 million during 2019-2024.
The automotive antenna module market is expected to grow at a CAGR of 9.22% during 2019-2024.
Technavio has segmented the automotive antenna module market by other 1 (Passenger cars and Commercial vehicles) and geographic (North America, Europe, APAC, and South America).
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., TE Connectivity Ltd. are a few of the key vendors in the automotive antenna module market.
North America will register the highest growth rate of 40.27% among the other regions. Therefore, the automotive antenna module market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive antenna module market growth are:
  • Increasing connectivity technologies in vehicles
The automotive antenna module market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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