NEW YORK, Feb. 3, 2022 /PRNewswire/ -- The latest automotive antenna module market report by Technavio infers that the increasing connectivity technologies in vehicles is driving this market's growth, resulting in market growth of USD 525.67 million from 2020 to 2025.
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The automotive antenna module market report covers the following areas:
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. 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. are some of the few key vendors competing to maintain their market position in the market.
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Key Market Segmentation
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Regional Market Outlook
North America will contribute to 40% of the market growth during the forecast period. The high demand for automobiles in the US will drive the automotive antenna module market growth in North America during the forecast period. If we look at the country-wise market growth, the US will contribute the highest market growth.
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Latest Trends and Drivers in the Automotive Antenna Module Market
The global automotive market is witnessing a rise in the adoption of connectivity technologies through connected infotainment systems and navigation systems. The demand for luxury cars in emerging markets such as China is increasing due to the rise in average disposable income. Connected technology is also gaining traction in mid-segment vehicles, which will increase the volume sales of automotive antenna modules.
The growing popularity of cellular V2X technologies is supporting the automotive antenna module market share growth. The developments in 4G LTE and 5G wireless technology are helping the testing and adoption of cellular V2X communication. C-V2X technologies for connectivity would have a positive impact on the global automotive antenna module market in the near future with the adoption of 4G LTE for connectivity in a few regions.
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Key Highlights
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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 |
USD 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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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