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Global Automotive Ethernet Market 2023 - Top Manufacturers, Business Opportunities, Industry Analysis And Forecast To 2032
Automotive Ethernet Market
Automotive Ethernet Market Size, Growth Rate, And Forecast
The global automotive ethernet market size grew from $2.01 billion in 2022 to $2.42 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive ethernet market size is expected to grow to $5.2 billion in 2027 at a CAGR of 21.0%.
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Automotive Ethernet Market Drivers
The increased demand for motor vehicles has contributed to the growth of the automotive ethernet market during the forecast period. The addition of innovative solutions, such as connected devices and artificial intelligence (AI) and technology, to connected vehicles accelerates innovation in the automotive industry, which further increases demand for automotive Ethernet solutions.
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Automotive Ethernet Market Segments
• By Component: Hardware, Software and Services
• By Application: Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Body and Comfort, Chassis
• By Vehicle Type: Passenger Cars, Commercial Vehicles, Farming and Off-Highway Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Ethernet market.
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Automotive Ethernet Market Key Players
Major competitors in the Automotive Ethernet market include Broadcom Inc., Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Inc., Texas Instruments Incorporated, Molex LLC, Cadence Design Systems Inc.
The Business Research Company's "Global Automotive Ethernet Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Ethernet Market Include:
1. Executive Summary
2. Automotive Ethernet Market Characteristics
3. Automotive Ethernet Market Trends And Strategies
4. Automotive Ethernet Market - Macro Economic Scenario
5. Automotive Ethernet Market Size And Growth
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26. Africa Automotive Ethernet Market
27. Automotive Ethernet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Ethernet Market
29. Automotive Ethernet Market Future Outlook and Potential Analysis
30. Appendix
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