Core Viewpoint - The automotive antenna industry is experiencing significant growth driven by the increasing penetration of new energy vehicles and the trend towards vehicle intelligence, with the market size projected to grow from 2.267 billion yuan in 2017 to 4.033 billion yuan in 2024 [1][8]. Industry Overview - Automotive antennas intercept high-frequency radio waves and transmit them to automotive receivers, playing a crucial role in the intelligent vehicle industry [1]. - The main types of automotive antennas include ground antennas, shark fin antennas, and built-in antennas, with ground antennas being largely phased out [1][2]. Industry Status - China is the largest automotive producer and consumer globally, with 30.16 million vehicles produced and 30.09 million sold in 2023, marking a year-on-year growth of 11.6% and 12% respectively [4]. - The automotive antenna market is expected to exceed 31 million units in production and sales in 2024, with a projected growth of 3.7% and 4.5% year-on-year [4]. Development Trends - The automotive antenna industry is moving towards smart and integrated designs, enhancing communication efficiency and stability [16]. - There is a trend towards miniaturization and invisibility in antenna design, improving aesthetics and reducing space occupation [17]. - High efficiency and low energy consumption are becoming key focuses for product upgrades, aligning with environmental sustainability goals [19]. Competitive Landscape - The market is characterized by foreign dominance, local rise, and accelerated technological upgrades, with international giants like Continental AG and Harman International leading the high-end market [10]. - Local companies such as Suobede, Beidou Star, and Xinwei Communication are rapidly growing through technological breakthroughs and domestic substitution strategies [10][12]. - The market concentration is increasing, with the top three companies holding approximately 30% market share [10]. Key Companies - Suobede specializes in mobile communication, focusing on wireless RF technology and has seen a revenue increase of 12.37% in 2024 [12]. - Xinwei Communication, listed in 2010, reported revenues of 8.744 billion yuan in 2024, reflecting a year-on-year growth of 15.85% [14].