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Automotive Communication Technology Market | Top Leaders - NXP Semiconductors, STMicroelectronics, Texas Instruments, Xilinx, Qualcomm, Maxim Integrated, Toshiba, Intel Corporation, Microchip Technology, ON Semiconductor

01-25-2019 05:36 PM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc

/ PR Agency: Automotive Industry
Automotive Communication Technology Market | Top Leaders - NXP

Automotive Communication Technology Market for powertrain application is anticipated to grow at a CAGR of over 13% by 2024. As automobile manufacturers are inclined toward decreasing their dependence on the gasoline engine, the adoption of powertrain application is growing further. The use of network communication in powertrain sensor provides all the relevant information for transmission control and engine management, augmenting its usage rate.

Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/3008

Automotive Communication Technology Market is projected to surpass USD 18 billion by 2024. The increasing purchasing power and economic growth have made consumers habituated to personalized, intuitive, and seamless experiences, mainly during the interaction with digital technologies. The growing development of autonomous vehicles assists in meeting the consumer expectations by delivering an automated experience. The autonomous vehicles are projected to offer real-time route optimization mechanisms, enabling driverless vehicles to capture real-time information on factors such as current weather & road conditions. Adopting advanced communication technologies in these vehicles will assist in reducing the fuel & time consumption, driving the overall automotive communication market growth.

The mid-sized car segment is projected to grow at a CAGR of over 14% over the forecast timespan. The average wiring in a mid-sized car consists of over thousand wires weighing around 45 kilos and measuring around a km in length. This has enabled automotive manufacturers to include bus networking in their vehicles to reduce the electronic system complexity and cost. Furthermore, the government has also enforced various restrictions for reducing CO2 emissions from vehicles of all sizes, driving the adoption of automotive communication technology solutions in these vehicles.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Cypress Semiconductor
2. Infineon
3. Intel
4. Maxim Integrated
5. Melexis
6. Microchip
7. NXP Semiconductor
8. ON Semiconductor
9. Qualcomm
10. Renesas
11. Robert Bosch
12. STMicroelectronics
13. Texas Instruments

Automotive Communication Technology Market, By Bus Module

o Local Interconnect Network (LIN)
o Controller Area Network (CAN)
o FlexRay
o Media-oriented Systems Transport (MOST)
o Ethernet

Automotive Communication Technology Market, By Application

o Powertrain
o Body and Comfort Electronics
o Infotainment and Communication
o Safety and ADAS
o Others

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/3008

The CAN bus dominates the automotive communication technology market and accounted for around 40% of the market share in 2017. CAN bus acts as a method of automotive communication between various electronic devices such as active suspension, engine management systems, advanced braking system, lighting control, gear control, and central locking system embedded in the vehicle. The CAN bus assists in reducing the wiring of the vehicle to a large extent thereby lessening the complexity and bulkiness of the vehicle, reducing the overall vehicle cost. The CAN bus acts as a backbone of the automotive communication technology and is used for a number of applications including body comfort, powertrain, chassis, telematics, and safety, increasing its adoption rate in the automotive communication technology market.

The Latin America automotive communication technology market is anticipated to cross over USD 1 billion by 2024. The growth is attributed to the rise in car sales throughout the region. In 2017, Brazil accounted for a rise of around 10% in new car sales, followed by Argentina and Mexico. Latin America is also projected to have around 8.5 million connected cars by 2023, which increases the demand for in-vehicle connectivity solution, accelerating the automotive communication technology market.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-communication-technology-market

The leading companies functioning in the automotive communication technology market include Robert Bosch, NXP Semiconductors, Microchip, Texas Instruments, Broadcom, Toshiba, Rohm Semiconductors, Qualcomm, Intel, and STMicroelectronics.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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