Increasing installation of safety and connectivity solutions in vehicles using smart antenna to drive India automotive smart antenna market through 2024
According to TechSci Research report, “India Automotive Smart Antenna Market By Product Type, By Vehicle Type, By Frequency, By Application, Competition, Forecast & Opportunities, 2024”, India automotive smart antenna market is projected to cross $ 130 million by 2024, owing to rising use of smart antennas in vehicles because of increasing use of infotainment and safety solutions. Moreover, increasing demand of convenience features in vehicles in India over the past few years which require smart antenna is compelling automotive vehicle manufacturers to integrate smart antennas in their vehicles.
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India automotive smart antenna market can be segmented based on vehicle type, by product type, by frequency, by application and by region. Rod type antenna is the dominant segment in the India automotive smart antenna market, owing to the its cheaper price and strong reception in AM/FM application. In terms of vehicle type, the market can be segmented into passenger car and commercial vehicle. The passenger car segment is estimated to have the largest market share by volume in 2019 as these vehicles generally have the safety and convenience solutions which require the installation of smart antenna.
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Nippon Audiotronix, TE Connectivity, Harada Industrico Ltd., Hyundai Mobis, Infac, etc. are the leading players operating in India automotive smart antenna market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market penetration. Increasing demand for better smart antenna is pushing the automotive smart antennas manufacturers to focus on R&D to improve their smart antenna offerings that are smaller in size and easier to deploy in vehicles.
“Growth of automotive smart antenna market in India is backed by increasing smart antenna installations by most of the Indian passenger car manufacturers such as Hyundai, Toyota, Honda, Mahindra, etc., in even their entry level/lower variants of their vehicles. Moreover, the integration of smart antennas is also rising on account of connectivity-based safety features and increasing use of cellular applications for connected vehicles.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Automotive Smart Antenna Market By Product Type, By Vehicle Type, By Frequency, By Application, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India automotive smart antenna market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India automotive smart antenna market.
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