Global Automotive Ethernet Market Size, Share & Trends Forecast to 2030
- VynZ Research
- Sep 8, 2023
- 2 min read
The global automotive ethernet market was USD 1.77 billion in 2022 and is anticipated to grow to USD 5.8 billion by 2030, witnessing a CAGR of 21.2% during the forecast period 2023-2030.
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Automotive Ethernet is a high-speed communication technology that is used to connect various electronic components in vehicles. It is replacing traditional automotive communication technologies, such as CAN bus and FlexRay, due to its higher bandwidth and lower latency.
The following are the key trends driving the growth of the global automotive Ethernet market:
Increasing demand for connected and autonomous vehicles
Growing adoption of advanced driver-assistance systems (ADAS)
Rise in the number of electronic control units (ECUs) in vehicles
Need for high-speed data transfer between ECUs
Government regulations mandating the use of automotive Ethernet in vehicles
The following are the major players in the global automotive Ethernet market:
Aptiv PLC
Continental AG
Robert Bosch GmbH
Infineon Technologies AG
Renesas Electronics Corporation
Texas Instruments Incorporated
STMicroelectronics N.V.
Vector Informatik GmbH
Elektrobit Automotive GmbH
Broadcom Inc.
Huawei Technologies Co., Ltd.
The global automotive Ethernet market is segmented by vehicle type, application, and region.
By vehicle type, the market is segmented into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars are the largest market for automotive Ethernet, followed by commercial vehicles.
By application, the market is segmented into infotainment, ADAS, telematics, and powertrain. Infotainment is the largest application segment, followed by ADAS.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the largest market for automotive Ethernet, followed by Europe.
The growth of the global automotive Ethernet market is being hindered by the following challenges:
High cost of automotive Ethernet systems
Lack of standardization in the automotive Ethernet market
Security concerns
Despite these challenges, the global automotive Ethernet market is expected to grow at a significant pace in the coming years. The increasing demand for connected and autonomous vehicles and the growing adoption of advanced driver-assistance systems are expected to drive the growth of the market.
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