Global Automotive Smart Antenna Market to Reach $15.1 Billion by 2030
The global market for Automotive Smart Antenna estimated at US$5.7 Billion in the year 2023, is expected to reach US$15.1 Billion by 2030, growing at a CAGR of 14.9% over the analysis period 2023-2030. vTransceivers, one of the segments analyzed in the report, is expected to record a 15.6% CAGR and reach US$7.2 Billion by the end of the analysis period. Growth in the Antenna ECU segment is estimated at 15.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 14.2% CAGR
The Automotive Smart Antenna market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 14.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.
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