CAN Bus Gateways Market was valued at USD 1.35 Billion in 2022 and is projected to reach USD 2.15 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The CAN Bus Gateways market, spanning from 2018 to 2022, witnessed significant growth due to increased adoption across automotive, industrial, and IoT sectors. During this period, the demand for CAN Bus Gateways rose substantially, driven by the surge in connected vehicles, smart cities, and industrial automation. The CAN Bus Gateway serves as an integral component in facilitating communication between various devices, sensors, and systems, ensuring seamless data transmission. In the automotive industry, the demand for these gateways accelerated with the rapid evolution of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), where real-time data exchange and control are critical. The year 2022 marked a peak in demand, with the global automotive sector making strides toward enhanced vehicle connectivity and autonomous driving technology.
Looking toward the future, from 2023 to 2033, the CAN Bus Gateways market is expected to experience even greater demand, fueled by advancements in autonomous systems, the rise of 5G connectivity, and growing applications in industrial automation. The adoption of connected devices in various sectors is poised to escalate, expanding the market potential for CAN Bus Gateways. In automotive, the increasing reliance on vehicle-to-everything (V2X) communication and the push for electrification are expected to significantly boost demand. Additionally, the shift toward smart manufacturing and Industry 4.0 will increase the need for reliable communication solutions, including CAN Bus Gateways. As industrial IoT devices grow in complexity, the ability to interconnect sensors, controllers, and machinery will rely heavily on these systems.
The market will continue to expand through 2033 as digitalization in both public and private sectors accelerates. New developments in automotive software, coupled with the rising demand for data-driven insights, will make CAN Bus Gateways indispensable for the operation of smart cities, connected transport systems, and sustainable manufacturing. The demand for seamless integration across multiple systems in real-time will drive continued innovation in the CAN Bus Gateway space.
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SIEMENS
Phoenix Contact
HMS Industrial Networks
3onedata
Moxa Technologies
Bueno Electric
proconX
ICP DAS
UTEK
TITAN Electronics
Jinan USR IOT Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global CAN Bus Gateways Market
CAN-bus Network Diagnosis and Test
Electric Power Communication Network
Industrial Control Devices
High-speed and Large Data Communications
Others
Based on Types the Market is categorized into Below types that held the largest CAN Bus Gateways market share In 2023.
Wall Mounting
DIN-Rail Mounting
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global CAN Bus Gateways Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global CAN Bus Gateways Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global CAN Bus Gateways Market, By Type
6. Global CAN Bus Gateways Market, By Application
7. Global CAN Bus Gateways Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global CAN Bus Gateways Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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