Automotive V2X Antenna Market: Current Analysis and Forecast (2022-2030)

Report Description

The automotive V2X antenna market is expected to grow at a strong CAGR of around 38% during the forecast period 2022-2030. As the world is progressing towards autonomous driving, V2X technology is becoming an inherent part of modern cars. It is paving the path for a more efficient and safer driving environment as it enables vehicles to communicate with other vehicles, infrastructure, and vulnerable pedestrians among others. Furthermore, the V2X going forward will be the only sensor that could detect objects which are not in the line of sight of the driver or the sensors and will be warned of road accidents, traffic congestions, diversions, and other potential road hazards thus helping in efficient traffic management and increased road safety. Moreover, V2X technology is one of the integral enablers of the connected car ecosystem which will eventually lead to autonomous driving. However, for the V2X system to work efficiently it has to communicate with the world through high bandwidth, low latency, and has to be highly reliable enabling the communication of vehicles to everything. This can happen only by the implementation of wireless communication and the use of various protocols such as GNSS, cellular 5G/4G/LTE, WiFi, Bluetooth, and ultra-wideband (UWB). And Antennas play an important role in establishing and maintaining effective wireless connectivity in and among the networks of interest and are some of the key drivers which are boosting the demand for automotive V2X antennas and can be seen in the investments and research which are happening in this industry. For instance, on March 2023, Bengaluru-based IISc (Indian Institute of Science) released a statement, where they have stated that Researchers at the Indian Institute of Science (IISc) are working on building antennas that can empower 6G technology, which is imperial in realizing efficient V2X (Vehicle to Everything) communications. Such full-duplex antennas are particularly important for applications that require almost instantaneous relay of commands, like driverless cars.

Some of the major players operating in the market include Danlaw, Inc; Qualcomm Technologies, Inc; Cohda Wireless; Continental AG; Robert Bosch GmbH; HARMAN International; Huawei Technologies Co., Ltd; NTT DOCOMO; Telefonaktiebolaget LM Ericsson; and Ficosa Internacional SA

Insights Presented in the Report

 Based on antenna type, the market is segmented into planar, non-planar, and conformal antennae. Among these, the smart conformal antenna is showing a promising future and is expected to grow at a significant CAGR during the forecast period. Conformal antennas are flat antennas that appear outside of the car body structure. Unlike conventional antennas, which protrude outside of the vehicle roof, this surface structure enables the integration of more radio technologies than conventional antennas. Furthermore, V2X is an integral part of all conformal antennas that the companies are launching and the mounting of these antennas on both front and back can give full 360-degree coverage to the V2X system, making it more efficient and reliable. Moreover, conformal antennas cost less than conventional antennas due to the elimination of all the cables and connectors, as well as the manufacturing cost of the antennas themselves, further boosting the adoption and growth of this in the coming years.

Based on technology type, the market is bifurcated into DSRC (dedicated short-range communication) and C-V2X. The DSRC segment holds a significant share of the market. The major reason for this domination was simply because, until 2017, DSRC was been the only available V2X technology. But the development of C-V2X which runs on more powerful cellular modules and is more reliant, and can support high-speed data exchange over extended distances is bound to take away the market share from the DSRC systems and is expected to witness significant growth in the forecast years. For instance, In November 2018, an agreement of C-V2X standards cooperation framework protocol on the reinforcing management of vehicles, intelligent transportation, communication, and transportation management was jointly signed by National Technical Committee 485 on Communications of Standardization Administration of China, which has standardized the use of C-V2X architecture in China. This decision is taken amidst China facing major mobility challenges in the major cities, with lots of traffic jams and accidents. C-V2X is regarded as an efficient tool for these problems, and the Chinese government wants to implement this as a standard sooner rather than later.

 “North America dominated the automotive V2X antenna market in 2021.”

The automotive V2X antenna market in the North American region held the largest market share and is expected to maintain its growth throughout the forecast period. North America is one of the biggest markets of passenger vehicles with almost 287 million passenger cars running on American roads and has a penetration of an average of 1.88 vehicles per household in the US and around 700 cars per 1000 people in North America, making it one of the highest in the world. The fundamental forces that played out for this high penetration are the early adoption of passenger cars with the industrial revolution and the economy of America which has been built around the automobile industry. American society relies heavily on their cars making it the most used mode of transportation, where almost 75 percent of American commuters use their own car to travel between their home to work. Car travel being an everyday life event has created a significant market for automotive V2X antennas, as the rising traffic on the pre-existing infrastructure will lead to traffic congestion, and safety issues which needs to be managed efficiently. Furthermore, other applications of V2X systems, leading to its mass-scale adoption are road safety-related warnings and alerts, traffic management and optimization, transit, and public transportation management, and commercial vehicle management help make roads safer and more convenient to travel. For instance, as per ITS America, the V2X system can help in almost 80 percent crash reduction, 40 percent roadways capacity increase, and 10 % emission and fuel waste reduction

Automotive V2X Antenna Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global automotive V2X antenna market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Automotive V2X Antenna Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive V2X antenna market were the three major steps undertaken to create and analyze the adoption of automotive V2X antenna in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive V2X antenna market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the automotive V2X antenna market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the automotive V2X antenna market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as antenna type, technology, communication system type, and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive V2X antenna market. Further, we conducted factor analysis using dependent and independent variables such as antenna type, technology, communication system type, and vehicle type of the automotive V2X antenna market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive V2X antenna market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive V2X antenna market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive V2X antenna market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global automotive V2X antenna market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive V2X antenna market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the antenna type, technology, communication system type, and vehicle type in the global automotive V2X antenna market.

The main objective of the Global Automotive V2X Antenna Market Study

The current & future market trends of the global automotive V2X antenna market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the automotive V2X antenna market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the antenna type, technology, communication system type, and vehicle type.
• Define and analysis of the regulatory framework for the automotive V2X antenna market
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the automotive V2X antenna market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the automotive V2X antenna market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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