LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive antenna module market to grow at a CAGR of over 9% during the forecast period, according to their latest market research report.
Development of software-defined antennas to control electronically is one of the major trends being witnessed in the global automotive antenna module market 2018-2022. In a conventional antenna, the signal is received efficiently if the antenna is pointed in the direction of the signal. As a result, in automotive antennas, directivity plays an important role for the quality of signal reception. However, current antenna solutions use mechanical steering components to steer and point the antenna towards the transmitter direction. The development of software-defined antennas could provide an efficient solution to this, as these antennas would use a software to point and steer towards the signal direction electronically.
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According to Technavio analysts, one of the key factors contributing to the growth of the global automotive antenna module market is the increasing connectivity technologies in vehicles:
Global automotive antenna module market: Increasing connectivity technologies in vehicles
The global automotive market is witnessing an increase in the adoption of connectivity technologies. These connectivity features not only provide added comfort to vehicle occupants through their connected infotainment systems and navigation systems but also enhance the vehicle’s safety quotient. The growing penetration of connectivity in cars will have a significant role to play in driving the global automotive antenna module market during the forecast period.
According to a senior analyst at Technavio for research on automotive electronics, “Connected infotainment services in vehicles provide all modern features of entertainment, comfort, and information like remote diagnostics and electronic control unit software management. Remote diagnostics is witnessing increasing adoption in vehicles and will be crucial for the adoption of automotive antennas in mid-segment cars during the forecast period. For example, in countries such as the US, more than half of the vehicles are fitted with remote diagnostics, and the adoption rate of the same is expected to increase further during the forecast period.”
Global automotive antenna module market: Segmentation analysis
The global automotive antenna module market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas led the market in 2017 with a share of nearly 46%. This region is expected to dominate the market through 2022, however, there will be a decrease in its overall market share.
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