Automotive Ethernet Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Broadcom Inc., Texas Instruments Incorporated, TE Connectivity Ltd., STMicroelectronics N.V.

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The Business Research Company offers in-depth market insights through Automotive Ethernet Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The automotive ethernet market size has grown exponentially in recent years. It will grow from $2.41 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to bandwidth demand, data transmission speed, cost efficiency, standardization and interoperability, reliability and safety, scalability.

The automotive ethernet market size is expected to see rapid growth in the next few years. It will grow to $5.81 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to emerging automotive use cases, R&D investments in connected cars, standardization and compatibility, demand for over-the-air (OTA) updates, regulatory push for vehicle efficiency. Major trends in the forecast period include industry collaboration and innovation, rise of subscription-based service, increased focus on environmental impact, evolving automotive software architectures, demand for in-vehicle connectivity.

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Market Segmentation:
The automotive ethernet market covered in this report is segmented -

1) By Component: Hardware, Software and Services
2) By Application: Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Body and Comfort, Chassis
3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Farming and Off-Highway Vehicles

Major Driver - Increasing Automotive Demand Fuels Growth Of Automotive Ethernet Market
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. According to statistics from the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced from January to September 2021 increased to 57.2 million units from 52.1 million units in 2020 during the same period. Hence, the increasing automobile demand is expected to generate high demand for automotive Ethernet, thus driving the market during the period.

Competitive Landscape:
Major companies operating in the automotive ethernet market report are Broadcom Inc., Texas Instruments Incorporated, TE Connectivity Ltd., STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corp., Microchip Technology Inc., Marvell Technology Group, Keysight Technologies Inc., Marvell Technology Group Ltd., Visteon Corporation, Realtek Semiconductor Corp., Molex LLC, Cadence Design Systems Inc., Vector Informatik GmbH, Spirent Communications plc, ACTIA Technologies Group, TTTech Computertechnik AG, Excelfore Corp., Ruetz System Solutions GmbH, AllGo Embedded Systems Private Limited, Inova Semiconductors GmbH, KDPOF SL, System-on-Chip Engineering S.L., TSN Systems GmbH, Aukua Systems Inc., Acome Group

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Top Trend - Key Player Innovation Redefining Autonomous Vehicle Data Transmission In Automotive Ethernet Market
Major companies operating in the automotive Ethernet market are focusing on innovative solutions such as multi-gig ethernet camera bridge solutions to meet the increasing demands for high-resolution, real-time video data processing and transmission in autonomous vehicles. Multi-gig Ethernet camera bridge solution, a technology facilitating high-speed data transfer between multiple cameras and ECUs (Electronic Control Units) in automotive systems through Ethernet connectivity. For instance, in December 2021, Marvell Technology Inc., a US-based data infrastructure semiconductor solutions provider, launched the 88QB5224, the industry's first multi-gig Ethernet camera bridge solution designed to optimize video sharing within connected vehicles. The new bridge offers IEEE 802.3ch-compliant 10GBASE-T1 PHY, IEEE 802.1AE MACsec for security, time synchronization, energy-efficient Ethernet for reduced power consumption, power-over-data line, and time-sensitive networking. With this Ethernet-based camera bridge, developers can create interoperable software supporting critical services via a multilayer communication stack and benefit from a well-established ecosystem for software-based service delivery.

The Table Of Content For The Market Report 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
…..
27. Automotive Ethernet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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