The automotive industry is undergoing a significant transformation led by the path to autonomous driving and connected vehicles. The market position of the connected car today is similar to where the smartphone was in 2010 — it has taken off and is ready to explode. According to a report by Markets and Markets, the connected car market is expected to reach $46.69 Billion by 2020, at a CAGR of 10.82% from 2014 to 2020.
Automakers seek to integrate a wide range of radio access technologies to support connected vehicles, from 2G and 3G for light, telematics-based connectivity, to LTE and Wi-Fi for heavy infotainment use, and DSRC for safety applications such as collision avoidance. Other standards such as 802.11p will play a role in V2V and V2X communications, while GPS will remain a basic requirement for vehicle location tracking and navigation.
The connected vehicle segment has six distinct product categories, including Mobility management, Vehicle management, Entertainment, Safety, Drive assistance, and Well-being. Many of these categories can be particularly useful to owners of vehicle fleets, such as company and service vehicles, as well as companies in the car-rental and car-sharing industries. Although many of the technologies needed to support these functions are already established, the number of fleet sales in this segment is expected to triple by 2020.
Airgain is playing an important role in the connected vehicle market by providing antenna technology in support of advanced wireless connectivity solutions for in-vehicle, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) applications. Airgain has a leading portfolio of automotive antenna connectivity solutions, from embedded solutions for OBD II, IHU and Connected Car Gateways, to custom shark fin antennas for automotive OEM’s, and high-quality antenna products for mobile and automotive fleet applications for government, public safety, and enterprise applications.