Market revenue in 2024 | USD 75.5 million |
Market revenue in 2030 | USD 169.7 million |
Growth rate | 14.4% (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 81.46% in 2024. Horizon Databook has segmented the Brazil automotive smart antenna market based on passenger vehicles, commercial vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian automotive smart antenna market has experienced steady growth over the past few years, driven by factors such as growing awareness, government regulations, and technological advancements that support advanced driver assistance systems.
Brazil's EV market is emerging, with significant growth potential. The government has launched the Green Mobility and Innovation Program, offering tax incentives for low-emission vehicle development and manufacturing. Thus, the increasing emphasis on improving EV infrastructure is encouraging the adoption of automotive smart antenna.
Smart antennas play a crucial role in enabling these features. Thus, the growing consumer demand for such advanced features is improving the demand for automotive smart antenna, thereby supporting the growth of the market.
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