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Automotive Transceivers Market 2019-2024 Forecast | Analog Devices, Broadcom Inc., Infineon Technologies, Marvell Semiconductor, Microchip Technology, National Instruments, NXP Semiconductors, Texas Instruments, STMicroelectronics
automotive transceivers
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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.
Growth drivers –
Asia Pacific
1. Increasing demand for powertrain solutions in China
2. Penetration of semiconductor manufacturers in Asia and Europe
3. Technological advancements in the electronics industry
4. High automotive production coupled with rising safety standards
North America & Europe
1. Development of self-driving technologies
2. Increasing integration of advanced features in luxury vehicles
3. Rising production of autonomous and semi-autonomous vehicles
4. Proliferation of automotive camera technology in the ADAS applications
Latin America
1. Growing awareness of energy efficient cars
2. Increasing vehicle production activities in Mexico and Japan
MEA
1. Rising demand for the infotainment and multimedia technologies
2. Improvements in the in-vehicle networking and communication
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Analog Devices, Inc., Autotalks Ltd., Broadcom Inc., Cypress Semiconductor Corporation, Infineon Technologies AG, Marvell, Maxim Integrated, Melexis, Microchip Technology Inc., National Instruments, NXP Semiconductors, ON Semiconductor, Renesas Electronics Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments
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The North America automotive transceivers market is expected to grow at a rapid pace owing to the increasing demand for passenger and commercial vehicles in the region. The rapid adoption of autonomous driving technologies in the U.S. and government support to develop these vehicles are the major factors contributing to the increasing transceiver demand. Moreover, the highly competitive automobile industry in North America enforces OEMs to offer technically advanced and legally compliant vehicles. The vehicle innovations including alternate powertrain, ADAS, and real-time navigation are increasingly consumed by the U.S.-based OEMs, further contributing to the automotive transceivers market growth.
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.
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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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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.
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Global Market Insights, Inc.
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