Automotive Communication Protocols Market to grow by USD 507.12 Million during 2021-2025, Elmos Semiconductor AG and Infineon Technologies AG emerge as Key Contributors to growth | Technavio

NEW YORK, May 28, 2021 /PRNewswire/ —

Technavio has been monitoring the automotive communication protocols market and it is poised to grow by USD 507.12 million during 2021-2025, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive communication protocols market. 

Frequently Asked Questions:

  • Based on segmentation by application, which is the leading segment in the market?

    Passenger cars application segment will lead the market during the forecast period.
  • What is the key trend influencing the market? 

    Increasing electrification in vehicles will influence the market positively during the next few years.
  • At what rate is the market projected to grow?

    The market is projected to grow at a CAGR of almost 9%.
  • What is the key challenge hampering the market growth?

    Additional cost to manage rough operating conditions of automotive networks will have an adverse impact on the market.
  •  How big is the APAC market?

    59% of the growth will originate from APAC.

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Elmos Semiconductor AG, Infineon Technologies AG, Melexis NV, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, Texas Instruments Inc., and Xilinx Inc. are some of the major market participants. Although the increasing government support to promote EVs and government initiatives encouraging the use of telematics will offer immense growth opportunities, additional cost to manage rough operating conditions of automotive networks is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive communication protocols market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Communication Protocols Market 2021-2025: Segmentation

Automotive Communication Protocols Market is segmented as below:

  • Application
    • Passenger Cars
    • Commercial Vehicles
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44204

Automotive Communication Protocols Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive communication protocols market report covers the following areas:

  • Automotive Communication Protocols Market Size
  • Automotive Communication Protocols Market Trends
  • Automotive Communication Protocols Market Industry Analysis

This study identifies increasing electrification in vehicles as one of the prime reasons driving the automotive communication protocols market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Communication Protocols Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist automotive communication protocols market growth during the next five years
  • Estimation of the automotive communication protocols market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive communication protocols market across APAC, Europe, North America, South America, and MEA
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive communication protocols market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Passenger cars – Market size and forecast 2020-2025
  • Commercial vehicles – Market size and forecast 2020-2025
  • Market opportunity by Application

Market segmentation by Technology

  • LIN
  • CAN
  • FlexRay
  • MOST
  • Ethernet

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Elmos Semiconductor AG
  • Infineon Technologies AG
  • Melexis NV
  • Microchip Technology Inc.
  • NXP Semiconductors NV
  • ON Semiconductor Corp.
  • Robert Bosch GmbH
  • STMicroelectronics NV
  • Texas Instruments Inc.
  • Xilinx Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Report: https://www.technavio.com/report/automotive-communication-protocols-market-industry-analysis

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