Press release
Automotive Ethernet Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Automotive Ethernet Market
The Business Research Company's Automotive Ethernet Global Market Report 2023 identifies increased demand for motor vehicles as the major driver for the Automotive Ethernet market's growth in 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.
The global automotive ethernet market size will grow 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 size of automotive ethernet market is expected to grow to $5.2 billion in 2027 at a CAGR of 21.0%.
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Major competitors in the Automotive Ethernet market are Broadcom Inc., Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Inc., Texas Instruments Incorporated.
A key trend in the Automotive Ethernet market includes technological advancements. Companies are focusing on intelligent automotive ethernet solutions to develop the advanced, high-bandwidth communications systems required by next-generation vehicles. For instance, in 2021, Germany-based automotive software company Elektrobit launched the first automotive ethernet switch firmware for secure, high-performance, in-vehicle communications required for EVs, sophisticated ADAS and self-driving vehicles. The firmware adds a layer of intelligence to automotive ethernet switches, thus enabling them to handle the immense network functions required to enhance the scalability, safety, and security of vehicles.
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The Automotive Ethernet market is segmented -
• 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.
The Business Research Company's "Global Automotive Ethernet Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
…………………………………………………………
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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