Top Emerging Trends of Automotive Communication Technology Market Progress Forecast 2028

Automotive Communication Technology Market was valued at US$ 6Bn in 2021 and is expected to reach US$ 20Bn by 2028, at a CAGR of +16% during a forecast period.

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Automotive communication technology is the wireless technology allow the vehicles to send and receive the messages and create awareness of other vehicles. The technology provides tactile, audible and visual alerts to warn drivers which help to avoid crashes. The automotive communication technology market is expected growth in the future due to increasing concern about vehicle safety and accidents. Increasing the sale of vehicles and government initiatives to reduce emission boosting the growth of the market.

Some of the key players include: NXP Semiconductor, Intel, Vector Informatik, Continental, On Semiconductor, Broadcom, Qualcomm, Microchip, Robert Bosch, Renesas, Elmos Semiconductor, STMicroelectronics, Xilinx, Melexis, Infineon, Texas Instruments and Cypress Semiconductor.

Global Vaccine Storage & Packaging Market Segmentation:

Major Product Types are:
• Local Interconnect Network (LIN)
• Controller Area Network (CAN)
• FlexRay
• Media-Oriented Systems Transport (MOST)
• Ethernet

Major Applications are:
• Powertrain
• Body Control & Comfort
• Infotainment & Communication
• Safety & ADAS

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