Mexico Automotive Smart Antenna Market Size & Outlook
Mexico automotive smart antenna market, 2018-2030 (US$M)
Related Markets
Mexico automotive smart antenna market highlights
- The Mexico automotive smart antenna market generated a revenue of USD 74.6 million in 2024 and is expected to reach USD 159.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 13.5% 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.
Automotive smart antenna market data book summary
| Market revenue in 2024 | USD 74.6 million |
| Market revenue in 2030 | USD 159.1 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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.7% of the global automotive smart antenna market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive smart antenna market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 159.1 million by 2030.
Passenger vehicles was the largest segment with a revenue share of 54.69% in 2024. Horizon Databook has segmented the Mexico automotive smart antenna market based on passenger vehicles, commercial vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of automotive smart antenna in Electric Vehicles (EVs) in Mexico is shaped by the convergence of technological advancements, regulatory developments, and market dynamics within the automotive and telecommunications sectors.
As Mexico is a key player in the automotive industry, with growing investments in EVs, smart antennas are becoming increasingly important in enhancing vehicle connectivity, safety, and performance. Automotive smart antennas are essential for electric vehicles (EVs) because they enable communication with charging infrastructure and other vehicles.
As local car manufacturers and foreign brands manufacturing EVs in Mexico such as Volkswagen AG, and Tesla, Inc. target consumers looking for sophisticated, high-tech vehicles, there will be an emphasis on minimalist antenna designs.
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Automotive Smart Antenna Market Scope
Automotive Smart Antenna Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico automotive smart antenna market size, by technology, 2018-2030 (US$M)
Mexico Automotive Smart Antenna Market Outlook Share, 2024 & 2030 (US$M)
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