Embedded Files
Automotive Ethernet Market
The Automotive Ethernet Market was valued around USD 1,494 million in 2019 and is predicted to reach USD 5,928 million by the end of 2027, expanding at a CAGR of 18.8% over the period (2020-2027).
The factors driving the growth of Automotive Ethernet Market includes rise in the adoption of Advanced Driver Assistance Systems (ADAS) in passenger vehicles, growing demand for luxury vehicles and growing emphasis on reducing carbon emissions around the world. According to the report published by Statista, the Global Luxury Cars Market is expected to reach USD 19,260 million by the end of 2022, growing at a CAGR of 1.81% over the forecast period (2022-2026), which will boost the Automotive Ethernet Market share in the approaching years. Moreover, rising popularity of connected vehicles, improvements in the bandwidth connectivity, rapid growth in the Automotive industry and technological innovations in the Automotive Ethernet, are some of the additional factors supplementing the Automotive Ethernet Market size. In addition, the increasing investments by the major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing to the market growth.
Request a free sample of this report
However, the growth of Automotive Ethernet Market is hindered due to high maintenance cost of Automotive Ethernet.
The prominent players operating in the Automotive Ethernet Market are Candence Design Systems, Inc., TTTech Auto AG, System-on-Chip Engineering, NXP Semiconductors, Broadcom, Marvell, Vector Informatik GmbH, Microchip Technology Inc., Molex LLC and Texas Instruments Incorporated, among others.
Component: Segment Analysis
Based on Component, the Services segment is expected to expand at a significant CAGR during the forecast period attributed to rising emphasis on simplifying the in-vehicle network complexities across the globe.
Bandwidth: Segment Analysis
Based on Bandwidth, the 1Gbps segment is anticipated to capture the largest market share over the forecast period because the 1Gbps ethernet offers enhanced bandwidth connectivity and reduces the latency in the automotive applications.
Vehicle Type: Segment Analysis
Based on Application, the Advanced Driver Assistance Systems segment is projected to grow at a remarkable CAGR during the forecast period. The increasing demand of fuel-efficient vehicles and regulations imposed by the Government regarding the adoption of safety systems, are some of the important factors augmenting the segment’s growth.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is estimated to hold the highest market share over the forecast period. Rise in the sales of electric vehicles, growing adoption of advanced safety systems inside the vehicles, increasing disposable incomes and high population growth rates, are some of the major factors influencing the market growth in Asia-Pacific.
Market Segmentation
Global Automotive Ethernet Market by Component
Hardware
Software
Services
Consulting
Implementation
Training and Support
Global Automotive Ethernet Market by Bandwidth
10Mbps
100Mbps
1Gbps
5/5/10Gbps
Global Automotive Ethernet Market by Vehicle Type
Advanced Driver Assistance Systems (ADAS)
Infotainment
Powertrain
Body and Comfort
Chassis
Global Automotive Ethernet Market by Application
Passenger Cars
Commercial Vehicles
Farming and Off-highway Vehicles
Global Automotive Ethernet Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Page updated
Google Sites
Report abuse