Press release
Automotive Transceivers Market Share Sales, Production, and Cost Forecasting upto 2025
The global automotive transceivers market accounted for $4.43 billion in 2017 and is expected to garner $7.19 billion by 2025, registering a CAGR of 6.2% from 2018 to 2025.
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Rise in demand for economical and luxury vehicles due to rise in disposable income of the consumers, increase in demand for advanced, comfort, and convenience feature in vehicles, stringent government regulations toward automotive safety norms and rising electronic integration in automotive are the major drivers of the global automotive transceivers market. However, increasing electronic system complexities hampers market growth. On the contrary, the rising popularity of autonomous vehicles and the trend of connected car devices are expected to create lucrative opportunities in the near future.
The market across Asia-Pacific region held the largest share in 2017, contributing more than half of the market, owing to high adoption rates of smart mobility services, government regulation, rise in concerns toward safety systems, and surge in trend toward adopting non-fossil fuel-based vehicles in the region. However, the market across LAMEA is expected to register the fastest CAGR of 8.9% during the forecast period, owing to increase in automobile production due to rising population and industrialization.
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The global automotive transceivers market report provides a detailed analysis of the major market players such as Broadcom Corporation, Infineon technologies, Cypress Semiconductors, Maxim Integrated, NXP Semiconductors, Microchip Technology Inc., STMicroelectronics, Robert Bosch GmbH, Toshiba Corporation, and Texas Instruments Inc.
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