World Good Antenna Automotive Business, 2020 to 2027 – Key Market Developments & Drivers – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – The report “Automotive Smart Antenna – Global Market Trajectory & Analytics” has been added ResearchAndMarkets.com Offer.
In the midst of the COVID-19 crisis, the global market for intelligent automotive antennas, which is estimated at 2.9 billion US dollars in 2020, is expected to reach a revised size of 7.2 billion US dollars by 2027 and with in the analysis period of 2020 a CAGR of 13.6% grow -2027.
Transceivers, one of the segments analyzed in the report, is expected to post a CAGR of 14.3% and reach $ 3.4 billion by the end of the analysis period. After an early analysis of the business impact of the pandemic and its triggered economic crisis, growth in the ECU segment is adjusted to a revised CAGR of 13.2% for the next 7 year period.
The US market is valued at $ 866.3 million, while China is forecast to grow 13.1% CAGR
The U.S. automotive intelligent antenna market is estimated at $ 866.3 million in 2020. China, the world’s second largest economy, is expected to reach a forecast market size of $ 1.2 billion by 2027, followed by a CAGR of 13.1% over the 2020-2027 analysis period. Other notable geographic markets include Japan and Canada, which forecast growth of 12% and 11.6% respectively over the period 2020-2027. A growth of approx. 9.9% CAGR is forecast for Germany within Europe.
Other components segment records CAGR of 12.8%
In the global Other Components segment, the United States, Canada, Japan, China, and Europe will achieve the CAGR estimated for this segment of 12.6%. These regional markets, with a combined market size of $ 511.5 million in 2020, are projected to reach a projected size of $ 1.2 billion by the end of the analysis period. China will continue to be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is projected to reach $ 849.4 million by 2027.
Selected competitors (41 recommended in total):
Hirschmann car communication
HUF Hulsbeck & Furst
Main topics covered:
1. MARKET OVERVIEW
Influencer Market Insights
World market trends
Effects of Covid-19 and an emerging global recession
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. PERSPECTIVE OF THE GLOBAL MARKET
III. MARKET ANALYSIS
Profiled companies in total: 41
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