Revving Up Connectivity: In-Vehicle Ethernet System Market Poised to Reach US$ 9.4 Billion by 2033

The In-Vehicle Ethernet System Market Size is expected to grow to US$ 9.4 billion in value by 2033. The Global In-Vehicle Ethernet System Market is anticipated to reach US$ 2.7 Billion in value in 2023 and is expected to grow at a CAGR of 14.6% from 2023 to 2033, according to FMI.

The automotive industry has evolved considerably since the advent of the first motor car (Benz Patent Motor Car, which made its first run on New Year's Eve -1879). Vehicles with simple combustion engines are a thing of the past, and have made way for far more technologically superior vehicles that are capable of self-driving and interacting with exterior components such as traffic signals and other vehicles on the road, and also with the driver and occupants.

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Adoption of new and innovative technologies in vehicles globally is rapidly increasing and automotive manufacturers are increasingly offering vehicles with control systems, smartphone connectivity, navigation systems, entertainment components, driver safety systems, Internet access etc., and the list goes on. Vehicles are steadily becoming increasingly high-tech as technology continues to witness rapid evolution.

However, in order to enable efficient and fluid interconnectivity of the various complex systems in vehicles such as electronics, hardware & software, and application & mechanical systems, there is need for reliable and fast signal transmission technology. To fulfil these requirements, in-vehicle Ethernet has emerged as the ideal solution to physically network systems that connect the various components within a vehicle. This wired network system is designed to meet electrical, bandwidth, latency, synchronization and network management requirements. Ethernet meets all requirements than other technologies or network systems cannot fulfill and the in-vehicle Ethernet system market is expected to witness significant and rapid growth in the near future.

Global In-Vehicle Ethernet System Market: Dynamics

Drivers: High complexity & increasing number of applications in vehicles are prime factors driving growth of the global in-vehicle Ethernet system market. Growing investment in smart vehicles and adoption of intelligent transportation systems are other factors expected to drive robust growth of the global in-vehicle Ethernet system market over the forecast period. Increasing investment in autonomous vehicle systems is also working as a catalyst for growth of the global in-vehicle Ethernet system market. Growth of the automotive electronics market is attributed to increasing need for higher bandwidth, latency and synchronization of wired networks, which can be fulfilled by Ethernet. Availability of a standard in-vehicle Ethernet solution for 100Mbps & 1Gbsp speed is pushing growth of the global in-vehicle Ethernet system market. Ethernet can bring standardization in the automotive service industry by providing strong data transfer mode.

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Opportunity: Ethernet deployment is creating major opportunities in the global in-vehicle Ethernet system market. Increasing demand for smart cars globally is expected to create major opportunity for various players in the global in-vehicle Ethernet system market in the near future. Moreover, rising adoption of ADA systems in vehicles and increasing use of complex circuitry is expected to create a significant opportunity in the global in-vehicle Ethernet system market.

Trends: Increasing adoption of smartphones, tables and smart watches with vehicle apps is the latest trend in the global in-vehicle Ethernet system market.

Global In-vehicle Ethernet System Market: Key Players

Vector Informatik GmbH,
Broadcom Limited,
DASAN Network Solutions,
Bosch Rexroth
B&R Automation
Ruetz system solutions gmbh
Microchip Technology Inc.

Global In-vehicle Ethernet System Market: Segmentation

By Ethernet Type, In-Vehicle Ethernet System Market is segmented as:

One pair Ethernet -OPEN
Energy efficient Ethernet
Power over Ethernet-PoW
Gigabit Ethernet -GIG-E

By Vehicle Type, In-Vehicle Ethernet System Market is segmented as:

Passenger car
Light commercial vehicle
Heavy commercial vehicle

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By Region, In-Vehicle Ethernet System Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Global In-vehicle Ethernet System Market: Region-wise Outlook

North America is currently leading in terms of market share contribution to the global in-vehicle Ethernet system market revenue, with increasing deployment of smart infotainment application systems in vehicles. Asia pacific market is expected to witness significantly fast revenue growth in future, primarily due to low penetration levels of electronic assist vehicle and developing consumer's interest towards adoption of smart featured vehicles. In Western Europe, the in-vehicle Ethernet system market in Germany is expected to exhibit relatively higher growth as compared to markets in other countries in the region owing to the government electric mobility initiative in the region.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.