India Automotive Smart Antenna Market to Surpass $ 130 Million by 2024
Increasing installation
of safety and connectivity solutions in vehicles using smart antenna to drive
India automotive smart antenna market through 2024
According
to TechSci Research report, “India
Automotive Smart Antenna Market By Product Type, By Vehicle Type, By
Frequency, By Application, Competition, Forecast & Opportunities, 2024”, India automotive smart antenna market is projected to
cross $ 130 million by 2024, owing to rising use of smart antennas in vehicles
because of increasing use of infotainment and safety solutions. Moreover, increasing demand of convenience
features in vehicles in India over the past few years which require smart
antenna is compelling automotive vehicle manufacturers to integrate smart
antennas in their vehicles.
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"India Automotive
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India
automotive smart antenna market can be segmented based on vehicle type, by product
type, by frequency, by application and by region. Rod type antenna is the
dominant segment in the India automotive smart antenna market, owing to the its cheaper price and
strong reception in AM/FM application. In terms of vehicle type, the
market can be segmented into passenger car and commercial vehicle. The passenger car segment is estimated to have the largest
market share by volume in 2019 as these vehicles generally have the safety and
convenience solutions which require the installation of smart antenna.
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Nippon Audiotronix, TE Connectivity, Harada Industrico Ltd., Hyundai
Mobis, Infac, etc. are the leading
players operating in India automotive smart antenna market. Companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their market penetration. Increasing demand for
better smart antenna is pushing the automotive smart antennas manufacturers to
focus on R&D to improve their smart antenna offerings that are smaller in
size and easier to deploy in vehicles.
“Growth
of automotive smart antenna market in India is backed by increasing smart antenna installations by most of the Indian
passenger car manufacturers such as Hyundai, Toyota, Honda, Mahindra, etc., in
even their entry level/lower variants of their vehicles. Moreover, the
integration of smart antennas is also rising on account of connectivity-based
safety features and increasing use of cellular applications for connected
vehicles.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Automotive Smart Antenna Market By Product
Type, By Vehicle Type, By Frequency, By Application, Competition, Forecast
& Opportunities, 2024” has
evaluated the future growth potential of India automotive smart antenna market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India automotive smart antenna market.
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