DUBLIN, May 4, 2023 /PRNewswire/ — The “Global Automotive Ethernet Market Report and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the global automotive ethernet market attained a value of USD 1833.3 million in 2022. Aided by the increasing adoption of advanced automotive technologies and the growing demand for connected vehicles, the market is projected to further grow at a CAGR of 23.0% between 2023 and 2028 to reach a value of USD 6346.86 million by 2028.
Automotive ethernet is a communication technology that enables high-speed data transfer within vehicles, supporting various applications such as advanced driver assistance systems (ADAS), infotainment systems, and vehicle diagnostics, among others. Automotive ethernet helps to reduce the complexity and weight of wiring harnesses in vehicles while providing higher bandwidth and more reliable data transmission compared to traditional automotive communication protocols.
The growth of the global automotive ethernet market is primarily driven by the increasing adoption of advanced automotive technologies, such as ADAS, vehicle-to-everything (V2X) communication, and connected car services. These technologies require high-speed, reliable, and secure data transmission, which is provided by automotive ethernet. As a result, automotive OEMs are increasingly adopting ethernet-based communication systems in their vehicles to support these advanced applications.
Another key factor propelling the growth of the automotive ethernet market is the rising demand for electric vehicles (EVs). EVs require sophisticated electronic systems for functions such as battery management, energy distribution, and charging, among others. Automotive ethernet, with its high bandwidth and reliable data transmission capabilities, is well-suited for supporting these electronic systems, thereby driving its demand in the EV segment. Furthermore, the growing demand for connected vehicles is also contributing to the growth of the automotive ethernet market.
Automotive ethernet enables these connected vehicle services by providing a robust and scalable communication infrastructure, thereby driving its adoption in the automotive industry. Additionally, government regulations and initiatives promoting vehicle safety and fuel efficiency are also boosting the growth of the automotive ethernet market. For instance, regulations mandating the adoption of ADAS features, such as lane departure warning, automatic emergency braking, and adaptive cruise control, have spurred the demand for automotive ethernet, as it provides the necessary communication infrastructure to support these safety features.
The increasing investments in research and development by automotive OEMs and technology companies are also fuelling the growth of the automotive ethernet market. Research and development efforts are focused on developing advanced automotive ethernet solutions with higher bandwidth, lower latency, and improved security features. Moreover, collaborations between automotive OEMs, semiconductor companies, and networking technology providers have facilitated the development and commercialisation of new automotive ethernet products and solutions.
Market Segmentation
The market can be divided on the basis of component, bandwidth, vehicle type, application, and region.
Market Segregation by Component:
- Hardware
- Software
- Services
Market Division by Bandwidth:
- 10Mbps
- 100Mbps
- 1Gbps
- 25/5/10Gbps
Market Segmentation by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Farming & Off-Highway Vehicles
- Others
Market Classification by Application:
- Advanced Driver Assistance Systems
- Infotainment
- Powertrain
- Body & Comfort
- Chassis
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive ethernet companies. Some of the major key players explored in the report are as follows:
- Broadcom Inc
- NXP Semiconductors N.V
- Marvell Technology, Inc
- Microchip Technology Inc
- Molex, LLC
- Texas Instruments Incorporated
- Cadence Design Systems, Inc
- Vector Informatik GmbH
- Others
Key Topics Covered:
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Automotive Ethernet Market Analysis
9 Regional Analysis
10 Market Dynamics
11 Value Chain Analysis
12 Competitive Landscape
13 Industry Events and Developments
For more information about this report visit https://www.researchandmarkets.com/r/jrpf74
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SOURCE Research and Markets
