Automotive Transparent Antenna Market to New profit-making Growth By 2030
According to Market Statsville Group (MSG), the global market size for transparent automotive antennas is expected to grow from USD 263.7 million in 2021 to USD 476.8 million by 2030, at a CAGR of 6.9% from 2022 to 2030. Vehicle traffic and accidents have become major issues around the world. The introduction of vehicle radar systems has been instrumental in addressing these key challenges. Advanced cruise control, collision warning, blind spot monitoring, lane change assist, cross traffic warnings, parking assist and other vital responsibilities that are invaluable in preventing accidents are the main capabilities of these systems. The most important aspect of these radar systems are their antennas, which have been an important area of research. Antennas should be architecturally as small as possible to be easily inserted into cars. Previously, antennas were too large and expensive to install in automobiles. However, as technology advanced, the size of the antenna became smaller and more cost effective.
Once installed, these antennas improve efficiency and bandwidth in calculating the distance between the vehicle and oncoming objects. Previously, radar system circuitry was composed of non-transparent materials, making it heavier, thicker, and unsuitable for optically transparent applications such as windows, windshields, or display panels. Optically transparent indium tin oxide (ITO) thin films serve as the main raw material for transparent antennas. These transparent antennas offer strong omnidirectionality and bidirectionality; and its high optical transparency can be easily incorporated into the surface of windows or display panels with low danger of detection or exposure and save space.
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Impact of COVID-19 on the Global Automotive Transparent Antennas Market
COVID-19 has spread rapidly across numerous nations and areas and is continually spreading, wreaking havoc on the lives of individuals and the community. It started as a human health problem and has become a major danger to global trade, economy and finance. In addition, major companies are concerned about coronavirus outbreaks, supply chain disruptions, and a potential decline in consumer disposable income due to the COVID-19 pandemic. This is due to significant disruptions to their respective industrial and supply chain activities caused by various precautionary lockdowns implemented by government agencies around the world. The global market for transparent car antennas is similar. Besides, consumer demand has slowed as people are now more focused on cutting non-essential items from their budgets as the pandemic has negatively impacted the overall economic health of most people. As these imposed lockdowns are loosened by various government agencies, the global Automotive Transparent Antenna market is likely to recover.
Automotive Transparent Antenna Market Dynamics
Drivers: Increasing adoption of nanotechnology Increasing adoption of nanotechnology
is likely to drive market growth. Nanocarbon, metallic nanowires and other materials used in nano-patterned transparent antennas will improve the efficiency and performance of antennas, leading to a growing demand for transparent vehicle antennas. Another important reason supporting the growth of the global transparent car antenna market is the expanding demand for passenger cars and strong production from major nations such as China, India and the United States.
In addition, the increasing demand for vehicle safety features such as automatic emergency braking, lane keeping assist, blind spot monitoring, adaptive cruise control, cross traffic alert and others, as well as The fact that antennas improve the performance of automobile radar systems is expected to drive the market forward during the forecast period.
Opportunities: Growth in adoption in developing countries
Emerging economies such as India, China and Mexico are concentrating their efforts on transparent automotive antennas for vehicle radar systems. In addition, government attempts to improve radar system practices are expected to provide opportunities for market expansion.
Scope of Global Automotive Transparent Antenna Market
The study categorizes the Automotive Transparent Antenna market on the basis of material, frequency type, component and end-user on a regional and global basis.
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Perspective by Material Type (Sales, Millions of USD, 2017-2030)
Conductive Oxides Transparent
Nanowire Conductive Nanocarbon
Polymer Perspective by Type of Frequency (Sales, Millions of USD, 2017-2030) High Frequency Very High Frequency Ultrahigh Frequency Perspective by Component (Sales, USDM, 2017-2030) Transceivers ECU Other Components By End User Perspective (Sales, USDM, 2017-2030) Passenger Vehicle Commercial Vehicles Outlook by Region (Sales, USDM, 2017-2030) North America TO US Canada Mexico
Rest of Europe
Australia and New Zealand
Rest of Asia Pacific
Rest of South America
Middle East and Africa
United Arab Emirates
Africa North Africa Rest
passenger vehicles represent the largest market share by end use
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The end-user segment is divided into passenger vehicles and commercial vehicles. The passenger vehicle category had the largest market share due to the growing demand for luxury and passenger cars around the world.
North American automotive transparent antenna market accounts for majority of revenue share
The global Automotive Transparent Antenna market has been divided into five regions: North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Globally, North America leads the global market for transparent automotive antennas in terms of revenue potential, due to the growing use of hybrid vehicles in the region, which is expected to increase demand. Increasing technological advancements coupled with the presence of major market players in the region will drive the growth of the market.
Asia Pacific represents the highest CAGR during the forecast period
Asia Pacific is anticipated to be the fastest growing geographic market during the projection period due to favorable government regulations for hybrid vehicles and higher disposable income in this area. As a result, the demand for transparent vehicle antennas has increased dramatically over the coming period.
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Key Market Players in Global Automotive Transparent Antenna
meta materials inc.
Eastman Kodak Company