Market revenue in 2024 | USD 67.5 million |
Market revenue in 2030 | USD 142.3 million |
Growth rate | 13.2% (CAGR from 2025 to 2030) |
Largest segment | Passenger vehicles |
Fastest growing segment | Commercial Vehicles |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Passenger Vehicles, Commercial Vehicles |
Key market players worldwide | Airgain Inc, Nokia Oyj, ArrayComm, Broadcom Inc, CalAmp, Cobham Wireless, Intel Corp, Motorola Solutions Inc, Samsung Electronics Co Ltd, Semtech Corp |
Passenger vehicles was the largest segment with a revenue share of 78.67% in 2024. Horizon Databook has segmented the Australia automotive smart antenna market based on passenger vehicles, commercial vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for connected car services, technological advancements in vehicle connectivity technology, and regulatory requirements for enhanced vehicle safety and communication systems are some significant factors encouraging the adoption of the smart antenna in Australia.
As per the Federal Chamber of Automotive Industries (FCAI), in 2023, Australia achieved a record-breaking sale of 1.21 million new electric cars, exceeding the former peak of 1.18 million reached in 2017.
The Australian government is actively working on developing a comprehensive regulatory framework for connected and autonomous vehicles to ensure safety, privacy, and ethical considerations. Such initiatives are also supporting the growth of the market.
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