Market revenue in 2024 | USD 482.9 million |
Market revenue in 2030 | USD 1,030.2 million |
Growth rate | 13.5% (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 85.55% in 2024. Horizon Databook has segmented the China automotive smart antenna market based on passenger vehicles, commercial vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is driven by increasing investments in research & development initiatives by domestic as well as international automotive and technology companies, fostering innovation in smart antenna technologies. China is a leader in electric vehicle adoption in Asia-Pacific region.
According to the International Energy Agency (IEA), China saw 8.1 million new electric car registrations in 2023, marking a 35% increase from 2022. Due to increasing sales of electric cars, the demand for smart automotive antenna has also improved.
The Chinese government has invested heavily in EVs, providing government subsidies and tax breaks to consumers, public transportation, and taxis. The government has also developed infrastructure and supported research and development for the adoption of EVs.
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