Continental AG (Germany) and Denso Corporation (Japan) are leading players in Automotive Smart Antenna Market
The automotive smart antenna market is estimated to grow from USD 2.5 billion in 2023 to USD 5.2 billion by 2030 at a CAGR of 10.9% during the forecast period. The automotive smart antenna market is growing due to increased demand for connected car & in-vehicle infotainment features in autonomous and electric vehicles, which is projected to boost the adoption of smart antennas during the forecast period. Automotive smart antennas offer better data transfer and are compatible with 5G technology, making them suitable for future vehicles. Hence, these factors are driving the automotive smart antenna market.
The automotive smart antenna market is dominated by globally established players such as Continental AG (Germany), Denso Corporation (Japan), TE Connectivity (Switzerland), Forvia (France), and Ficosa Internacional SA (Spain). These companies focus on developing new products and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in this growing automotive smart antenna market.
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Continental AG is a major player in the automotive smart antenna market, offering solutions that support connected car technologies such as V2X (Vehicle-to-Everything) communication and 5G connectivity. They also have a diversified product portfolio with a wide range of automotive smart antenna solutions, including cellular antennas, V2X antennas, GNSS antennas, Wi-Fi antennas, and diversity antennas. The company has four business segments: Automotive, Tires, ContiTech, and Contract Manufacturing. The automotive smart antenna comes under the Automotive business segment. Continental AG has manufacturing operations in 57 different countries. As of December 2022, the company had a global workforce of 199,038 employees across 519 locations engaged in production, R&D, and administrative functions across 57 countries and markets. In addition to this, the company also managed distribution outlets, encompassing 917 company-owned tire outlets and approximately 5,228 franchises and operations representing the Continental brand. The company's presence extends to key countries, mainly China, Germany, the UK, the US, and India. Continental AG has many subsidiaries, such as Barum, ContiTech, Continental Reifen Deutschland GmbH, Matador, and Elektrobit Automotive GmbH.
Denso Corporation is one of the top suppliers of automotive technologies to OEMs across the globe. It has a geographic presence in North America, South America, Europe, Asia Pacific, and Africa. The company operates in 38 different countries with 219 manufacturing plants and has approximately 6,500 suppliers across the globe. Denso Corporation is an innovation leader in the automotive industry value chain and has R&D centers in Japan and the US. Denso Corporation operates through 7 business segments: thermal systems, powertrain systems, electrification systems, mobility systems, sensor systems & semiconductors, non-automotive business, and others. Also, they have a broad product portfolio and services related to automotive smart antennae such as DSRC (Dedicated Short-Range Communication) antennas, C-V2X (Cellular-V2X) antennas, GNSS (Global Navigation Satellite System) antennas, radar antennas, and smart antenna modules.
Related Reports:
Automotive Smart Antenna Market by Frequency (High, Very High, & Ultra High), Type (Shark-Fin & Fixed Mast), Component (Transceivers, ECU), Vehicle Type (Passenger Cars, LCV, & HCV), EV (BEV, FCEV, & PHEV) and Region - Global Forecast to 2030
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