Automotive Communication Technology Market by Bus module (Local Interconnect Network (LIN), Controller Area Network (CAN), Flex Ray, Media-Oriented Systems Transport (MOST) & Ethernet), by Application (Powertrain, Body Control & Comfort, Infotainment & Communication & Safety & ADAS) by vehicle class (Economy, Mid-Size & Luxury) and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America)” Global Automotive Communication Technology Market was valued at US$ 6Bn in 2017 and is expected to reach US$ 20Bn by 2026, at a CAGR of 16.24% during a forecast period.
Major driving factors of the Automotive Communication Technology Market are increase in the modernization of Transport infrastructure and safety features. Rise in sales of luxury vehicles, increasing number of electrical systems in the vehicle are driving the growth of the automotive communication technology market. Trend is around reducing the overall weight of the vehicle. Apart from technological advancements the manufacturers have been gunning towards increased passenger safety in the traditional sense and thus have resulted in developing high quality vehicle segment. Technology opens up possibilities around vehicles communicating with each other or with broader infrastructure will create more opportunity in this sector. Less reliability of electronics architecture and higher cost installation will act as a restraint to the market.
Ethernet is leading the Automotive Communication Technology Market.
Ethernet segment is expected to hold the largest share in the market during the forecast period. Automation and connectivity are driving the automotive industry. Rising luxury car purchasing power and lowering maintenance costs. Ethernet is emerging as a preferred choice. Automotive Ethernet is slightly different; a flavor of regular Ethernet, it’s optimized for vehicular use. By 2020, it is estimated that 40% of the cost of a car will be in electronics (up from about 32% today). New safety, infotainment, and communication features and technologies will drive this increase. Automotive wiring harnesses will change from heterogeneous networks of proprietary protocols (such as CAN and MOST) to hierarchical homogenous automotive Ethernet networks.
Asia pacific is the leading regional market for Automotive Communication Technology Market.
Asia pacific is expected to hold the largest share in the market during the forecast period. The Asia-Pacific region is home to some 3.9 billion people representing just over half of the world’s population and increasing number of local automakers and Tier 1 suppliers operating in the region. Increasing awareness of green vehicles and new ideas from new players giving inspirations to the traditional automotive industry. Population with enormous projected growth has important implications in terms of economic development. India, China, Japan, Singapore, Thailand and Malaysia have been reduced the number of road accidents and accident fatalities. China Is the Main Target for In-Vehicle Applications Newcomers Will Make the Automotive Market more exciting.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Robert Bosch, NXP Semiconductors, Microchip, Texas Instruments, Broadcom, Renesas, Vector Informatik, Toshiba, Rohm Semiconductors, Qualcomm, Intel, STMicroelectronics, Elmos Semiconductor and Xilinx.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Automotive Communication Technology Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive Communication Technology Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Communication Technology Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Automotive Communication Technology Market”.
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, VadgaonBk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607065656