Latin America Automotive Smart Antenna Market Size & Outlook
Latin America automotive smart antenna market, 2018-2030 (US$M)
Related Markets
Latin America automotive smart antenna market highlights
- The Latin America automotive smart antenna market generated a revenue of USD 182.1 million in 2024.
- The market is expected to grow at a CAGR of 14.2% from 2025 to 2030.
- In terms of segment, passenger vehicles was the largest revenue generating technology in 2024.
- Commercial Vehicles is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 182.1 million |
| Market revenue in 2030 | USD 404.0 million |
| Growth rate | 14.2% (CAGR from 2025 to 2030) |
| Largest segment | Passenger vehicles |
| Fastest growing segment | Commercial Vehicles |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.5% of the global automotive smart antenna market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 226.0 million by 2030.
Passenger vehicles was the largest segment with a revenue share of 71.06% in 2024. Horizon Databook has segmented the Latin America automotive smart antenna market based on passenger vehicles, commercial vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is actively supporting the adoption of electric vehicles through different government incentives and policies such as incentives for EV purchases, tax benefits, exclusions from road taxes, and congestion charges.
In recent years, foreign companies have focused on strategic initiatives such as partnerships with local governments or organizations to take advantage of these incentives. Electric vehicles (EVs) represent a growing EV market in Latin America, and ultimately, it offers lucrative growth opportunities for the automotive smart antenna market in the coming years.
Governments in several Latin American countries are recognizing the potential of connected cars and are implementing supportive policies, such as infrastructure development and regulatory frameworks.
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Automotive Smart Antenna Market Scope
Automotive Smart Antenna Market Companies
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Latin America automotive smart antenna market size, by country, 2018-2030 (US$M)
Latin America Automotive Smart Antenna Market Outlook Share, 2024 & 2030 (US$M)
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