Market Research Future (MRFR) has published a cooked research report on the “Global Automotive Ethernet Market” that contains information from 2019 to 2032. The Automotive Ethernet market is estimated to register a CAGR of 24.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Automotive Ethernet market—NXP V, Marvell Semiconductor, Inc., Elektrobit, Broadcom Inc., Microchip Technology Inc., Aukua Systems, Keysight Technologies, Cadence Design Systems, Inc, Texas Instruments Incorporated, Cadence Design Systems Inc, TTTech Computertechnik AG, Vector Informatik GmbH, NVIDIA, and Delphi Technologies.
Automotive Ethernet Highlights
The global Automotive Ethernet market is accounted to register a CAGR of 24.00% during the forecast period and is estimated to reach USD 12.86 billion by 2032.
The rise of connected and driverless vehicles is driving considerable growth in the automotive Ethernet market. Critical applications, including advanced driver assistance systems (ADAS), real-time sensor connections, and smooth in-car entertainment, require high-speed, dependable data transfer in these vehicles. The market's growth and widespread adoption are significantly hampered by the high initial cost of automotive Ethernet solutions, which include hardware, software development, testing, security implementation, and retrofits for older vehicles.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Ethernet Market
Segment Analysis
The global Automotive Ethernet market has been segmented based on Component, Bandwidth, Vehicle Type, and Application.
On the basis of Component, the market is segmented into Hardware, Software, and Services. The services segment was attributed to holding the largest market share in 2023. This is due to the fact that services provide a wide range of solutions, including design, testing, integration, maintenance, and support, which are especially suited for intricate Ethernet-based systems.
Based on Bandwidth, the global Automotive Ethernet market has been segmented into 10Mbps, 100Mbps, 1Gbps, and 2.5/5/10Gbps. The 1Gbps segment was expected to hold the largest market share in 2023 because of its fast connection, which is necessary for demanding applications inside cars.
On the basis of Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, and Farming & Off-highway Vehicles. The passenger cars segment was attributed to holding the largest market share in 2023 due to the improving economy, advancements in passenger automobile technology, including the adoption of a driver assistance system, and an increase in disposable cash
Based on Application, the global Automotive Ethernet market has been segmented into Advanced Driver Assistance Systems, Infotainment, Powertrain, Body & Comfort, and Chassis. The infotainment segment was expected to hold the largest market share in 2023. This is a result of its multimedia entertainment, connection, navigation, and in-car communication technologies.
Regional Analysis
The global Automotive Ethernet market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Automotive Ethernet market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Ethernet market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Ethernet market comprises the Middle East, Africa, and Latin America.
The largest market share for Automotive Ethernet was maintained by the North American regional sector. The automobile industry has experienced a notable shift in the automotive Ethernet market due to the growing complexity and requirement for connectivity. Modern cars now require sophisticated digital platforms; therefore, advanced communication technologies are essential. This technology, which was first created for the IT sector, has shown to be a reliable way to satisfy the demanding needs of the contemporary automobile environment. Furthermore, the use of autonomous driving technology and electric cars (EVs) is growing in Canada. The transition of the automotive industry towards more intelligent and eco-friendly mobility solutions needs sophisticated communication networks.
Moreover, the Europe market has been persistently growing over the forecast period. Europe's market is growing quickly, and particular nations like France, Germany, the UK, Spain, and the rest of the region are crucial to this expansion. Tight safety regulations and a focus on technological innovation in the automotive industry are important drivers behind the adoption of car Ethernet in these countries. The rest of Europe's automotive Ethernet development is aided by a shared commitment to stringent safety regulations and a growing market for connected vehicles.
Additionally, there has been a discernible shift in the automotive industry in the Asia-Pacific region as a result of technological developments, stable socio-political conditions, and substantial economic growth. In terms of worldwide vehicle production and sales, the Asia-Pacific region accounts for the majority. Growing disposable income and a sizable consumer base in developing countries like China, Malaysia, and India have propelled the automobile industry.
Furthermore, the rest of the world's Automotive Ethernet market is divided into the Middle East, Africa, and Latin America. This is due to the fact that businesses are always expanding their offerings to meet the rising needs of local automakers for automotive Ethernet products and solutions.
Key Findings of the Study
- The global Automotive Ethernet market is expected to reach USD 12.86 billion by 2032, at a CAGR of 24.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the growing disposable income and a sizable consumer base in developing countries like China, Malaysia, and India, which have propelled the automobile industry.
- Based on application, the Infotainment segment was attributed to holding the largest market in 2023.
- NXP V, Marvell Semiconductor, Inc., Elektrobit, Broadcom Inc., Microchip Technology Inc., Aukua Systems, Keysight Technologies, Cadence Design Systems, Inc., Texas Instruments Incorporated, Cadence Design Systems Inc, TTTech Computertechnik AG, Vector Informatik GmbH, NVIDIA, and Delphi Technologies are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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