Automotive Controller Area Network (CAN) Transceiver Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.30 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global Automotive Controller Area Network (CAN) Transceiver market was valued at approximately USD 3.2 billion in 2022. This market is anticipated to grow at a compound annual growth rate (CAGR) of about 6.5% from 2022 to 2028. The increasing adoption of advanced driver-assistance systems (ADAS) and the rise in vehicle electrification are significant drivers fueling the demand for CAN transceivers. The expansion of the automotive industry, particularly in emerging economies, further supports market growth. As vehicles become more sophisticated, the need for reliable and efficient communication systems like CAN transceivers continues to surge, propelling market expansion.
Opportunities within the Automotive CAN Transceiver market are substantial, driven by technological advancements and the growing trend of automotive connectivity. The integration of CAN transceivers in electric vehicles (EVs) and autonomous vehicles (AVs) presents a promising area for market development. The shift towards more complex automotive electronics, including infotainment systems and enhanced safety features, opens up new avenues for growth. Additionally, the rise in demand for vehicles with integrated telematics systems and the ongoing innovations in communication protocols are expected to create significant opportunities for market players.
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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 Automotive Controller Area Network (CAN) Transceiver Market
Body
Powertrain
Infotainment System
Based on Types the Market is categorized into Below types that held the largest Automotive Controller Area Network (CAN) Transceiver market share In 2023.
Independent
Combination
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 Automotive Controller Area Network (CAN) Transceiver 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 Automotive Controller Area Network (CAN) Transceiver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Controller Area Network (CAN) Transceiver Market, By Type
6. Global Automotive Controller Area Network (CAN) Transceiver Market, By Application
7. Global Automotive Controller Area Network (CAN) Transceiver Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Controller Area Network (CAN) Transceiver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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