Automotive Transceivers Market Growth Factors with Key Players- Autotalks, Broadcom, Cypress Semiconductor, Infineon Technologies AG, NXP Semiconductors, Texas Instruments, STMicroelectronics, Renesas Electronics Corporation, National Instruments

Global Automotive Transceivers Market to Reach USD 8.63 Billion by 2028
The Global Automotive Transceivers Market is projected to reach USD 8.63 billion by 2028, growing at a CAGR of 4.9% over the forecast period. Automotive transceivers suit the automotive environment, designed to meet and exceed the latest Electrostatic discharge (ESD) and Electromagnetic Compatibility (EMC) requirements.

The increasing demand for data exchange in modern vehicles has prompted the automotive industry to implement networks like CAN (Controller Area Network), LIN (Local Interconnect Network), and FlexRay protocol-based bus system. In future, as cars start having more electronic control units (ECUs), the need for automotive transceiver will increase for ensuring higher level of functionality. The importance of in-vehicle networking devices will increase with larger consumption and exchange of data between ECUs. The automotive transceiver ensures reliable in-vehicle communication and also helps in minimizing the current consumption of fuel and CO2 emissions at the vehicle level.

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Increasing integration of automotive electronics will supplement the development of the automotive transceivers market. An increase in demand for economical and luxury vehicles owing to a rise in disposable income of the consumers, rising demand for advanced convenience features in automotive, and stringent government regulations for ensuring automotive safety will provide a major boost to the growth of the global automotive transceivers market.

Vehicle safety plays a critical role in averting crashes and in reducing the impact of a crash. According to the World health organization (WHO), 1.25 million people die every year due to road accidents while injuring millions. There is an increasing trend to include safety standards in vehicles, which is creating lucrative opportunities for the automotive transceivers market expansion. The growing popularity of autonomous vehicles and the trend of connected car devices will also generate ample opportunities for the automotive transceivers market soon. However, rising electric system complexities will hinder the automotive transceivers' market growth.

Automotive Transceivers Market, By Protocol:
The LIN Segment will hold a dominant share in the automotive transceivers market. LIN protocol has seen high popularity in the automotive transceivers market, owing to the deployment in automotive body electronic applications that include accessories, mirrors, power seats, etc. The growing requirements for high-end automotive body electronics for integration in modern passenger and luxury cars will create demand for LIN interfaces.

The CAN segment is also to hold a significant share in the automotive transceivers market during the forecast period. The CAN Protocol deployed in passenger and commercial vehicles due to their usage in body electronics, powertrain, and chassis & safety applications will drive the growth of this segment.

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Automotive Transceivers Market, By Vehicle Type:
The passenger vehicle segment will lead the automotive transceivers market based on vehicle type. Increasing demand for passenger vehicles worldwide will propel the segment’s growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), the sale of passenger cars worldwide increased from 49,650,336 in 2009 to 70,849,466 in 2017, which is expected to increase further over the next few years.

Automotive Transceivers Market, By Application:
Infotainment applications will dominate the automotive transceivers market owing to the developments of multimedia, navigation, and advanced telematics solutions. The growing focus on offering comfort and vehicle connectivity through sophisticated infotainment technologies adds to these products' demand.

Some Major Developments in Automotive Transceivers Market:
1. In January 2018, NXP (Netherlands) announced a new secure CAN transceiver that offers a seamless, effective solution for secure CAN communications requiring no software or cryptography.
2. In June 2019, Infineon (Germany) announced its intention to acquire Cypress Semiconductor Corporation (US). The acquisition will be able to offer its customers the most comprehensive portfolio for linking the real with the digital world. A combination of highly complementary technology portfolios to open up great potential in high-growth target markets, such as automotive, industrial, and the Internet of Things (IoT).

Some Key Findings of the Global Automotive Transceivers Market Report Include:
1. Major global market trend & forecasts analysis along with a country-specific market analysis for up to 10 countries.
2. In-depth global Automotive Transceivers market report that includes an analysis by Protocol, by Vehicle Type, by Application, and by regions with the analysis of trend-based insights and factors.
3. Competitive benchmarking, product offering details, and growth strategies adopted by the leading market players, along with their investments in the last five years
4. The market study includes the micro and macro analysis of the regions, drivers, restraints, opportunities, challenges, guidelines, and regulations that are influencing the global Automotive Transceivers market.
5. Some major market players operating in the global Automotive Transceivers market include Infineon Technologies AG, NXP Semiconductors, Texas Instruments, STMicroelectronics, Renesas Electronics Corporation, National Instruments, Analog Devices Inc., Microchip Technology Inc., Broadcom Inc., Robert Bosch GmbH, Cypress Semiconductors, and Broadcom Corporation.

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Market Segmentation:
• By Protocol
o CAN
o LIN
o Flexray
o Others

By Vehicle Type
o Passenger
o Commercial

By Application
o Body
o Infotainment
o Powertrain
o Chassis & Safety
o Others

• By Region:
o North America
o Western Europe
o Eastern Europe
o Asia a Pacific
o Middle East
o Rest of the world

Reasons to Buy This Report:
Market size estimation of the global automotive transceivers market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.