Press release
Automotive Transceiver Market Global shipments to grow at over 7% CAGR To 2024 | By Leading Participants - Texas Instruments, STMicroelectronics, Renesas Electronics, ON Semiconductor, NXP Semiconductors, National Instruments, Microchip Technology, Maxim
Automotive Transceivers
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Automotive Transceivers Market is expected to reach USD 7 billion by 2024. The rapid innovation and electrification of vehicular systems, such as drivetrain, steering, and engines, is accelerating the automotive transceivers market growth. Due to the high amount of pollution and energy consumption in conventional vehicles, the OEMs and suppliers have innovated automobile systems which provide low-emission benefits. These systems require several electronic components including ECUs and semiconductors, resulting in an increasing demand for communication products in the automotive transceivers market. Moreover, the rising government regulations related to road & vehicle safety to reduce fatalities will enforce manufacturers to develop highly integrated and efficient systems, creating several opportunities for industry expansion.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Analog Devices, Inc.
• Asahi Kasei Microdevices Corporation
• Autotalks Ltd.
• Broadcom Inc.
• Cypress Semiconductor Corporation
• Elmos Semiconductor AG
• Embien Technologies
• Infineon Technologies AG
• Marvell
• Maxim Integrated
• Melexis
• Microchip Technology Inc.
• National Instruments
• Nexperia
• NXP Semiconductors
• ON Semiconductor
• Renesas Electronics Corporation
• Robert Bosch GmbH
• ROHM Semiconductor
• STMicroelectronics
• Texas Instruments
• Toshiba Electronic Devices & Storage Corporation
• Vector Informatik GmbH
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In the automotive transceivers market, body electronics application is gaining high traction in recent years owing to the transformation in control modules, dashboard, and lighting modules. The growing incorporation of IoT into these systems to provide connectivity benefits and support passengers with real-time traveling information is further creating a high demand for the transceiver interfaces. The trend of enhancing luxury & comfort features in newly developed passenger and commercial vehicles among OEMs across the globe is creating high adoption of the enhanced body electronics systems. These factors along with the demand for in-vehicle luxury and advanced car architectures are also generating several prospects for the development of the automotive transceivers market.
Ethernet protocols are predicted to witness a high adoption among OEMs, resulting in the automotive transceivers market development. The growth is attributed to the growing implementation of advanced vehicular systems such as self-driving technology, driver assistance, electrified engines, powertrain, and infotainment. The incorporation of such automobile systems requires effective communication and in-vehicle networking, which is offered by the Ethernet protocols due to their high bandwidth features. Furthermore, these components have capabilities to sustain the pressure of highly complex systems that are incorporated into modern autonomous and electric vehicles. OEMs across the globe are increasingly adopting the Ethernet protocols, resulting in a rapid industry growth.
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The key companies present in the automotive transceivers market include NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, Infineon Technologies AG, National Instruments, Microchip Technology, Inc., Texas Instruments, Analog Devices, Inc., Broadcom, Inc., and Robert Bosch GmbH. These players adopt various product development and innovation strategies that include the evolution of high bandwidth providing interfaces. Furthermore, the leading players also focus on developing partnerships and acquisition strategies to strengthen the regional presence and expand their product portfolio.
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