Within the automotive sector, new technologies and innovations are primarily aimed toward improving the safety and overall driving experience. As automotive manufacturers continue to formulate different strategies to improve their market position and share, the focus on improving the electronic features of vehicles has gained significant momentum in recent years. With significant advancements in wireless communication technology, the automotive antenna market is expected to witness a noteworthy growth during the forecast period. Automotive antennas are increasingly used for multiple applications, including radio, satellite navigation, vehicle tracking, remote diagnostics, and collision notification. The adoption of automotive antennas in pre-crash systems and collision avoidance systems is increasing at a rapid pace due to which, the automotive antenna market is expected to grow at a consistent pace in the coming years.
Technological advancements in the automotive sector, growing focus on the development of Intelligent Transport Systems (ITS), and emphasis on safety are anticipated to play a key role in increasing the adoption of information technologies. The advent of 4G and 5G, along with advancements in global positioning systems (GPS), wireless fidelity (Wi-Fi), Bluetooth, etc., are likely to increase the demand for different types of automotive antennas in coming period. At the back of these factors, the global automotive antenna market is expected to reach market value of ~US$ 11 Bn by the end of 2027.
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Technological Advancements Trigger Demand for Autonomous Driving
Technological advancements have provided a massive boost for autonomous driving in recent years. The soaring demand for autonomous driving are expected to provide significant opportunities for market players operating in the automotive antenna market. The adoption of radars in the automotive sector to identify the trajectories of different objects. Over the past few years, a range of technology start-ups has introduced cutting-edge and innovative solutions that improve the capabilities of radars. Some of the most notable advancements in the radar technology include the onset of 4D radars, deployment of meta-materials for the production of modern-day antennas, sub-terahertz radar, detection of road conditions, etc. The production and demand for meta-material antennas is expected to move in the upward trajectory in the upcoming years. Several companies particularly, start-ups are focusing on maximizing the radar performance and increase the economic value of their product offerings.
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The meta-material antenna wave is set to continue during the forecast period, as more number of companies continue to invest in research and development activities to launch different antennas. For instance, Echodyne, combined Acuity intelligent radar software and meta-material electronically scanning array (MESA) to maximize the performance of their radar sensors. Metawave, a start-up combined artificial intelligence techniques and meta-materials to focus on the development of smart radar platforms used in autonomous driving systems.
5G Wireless Communication Technology to Boost Development of Fifth Generation Antennas
Companies operating in the automotive antenna market are largely focusing on addressing the existing challenges pertaining to the transmission and receiving of signals. The demand for communication technologies in the automotive sector and innovations in the field are expected to gradually replace conventional antennas with technologically advanced antennas. The development of new antennas with Meta material structures, substrate integrated waveguide, and micro strip antennas. The onset of 5G wireless communication antenna is set to revolutionize the automotive antenna market landscape in the coming years. Companies within the current market ecosystem are increasingly focused toward improving the design structure of their antennas, while minimizing the size of the same to gain an edge over their competitors. Several players are also rolling out 3D printed automotive antennas that have exhibited excellent properties in term of weight, efficiency, and costs.
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