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Automotive Ethernet Global Market Report 2024 - By Growth, Size, Share, Trends And Outlook By 2033
Automotive Ethernet Market
As per the report, 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 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%.
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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.
Advancements In Intelligent Solutions Revolutionize Automotive Ethernet Market
Technological advancements are a key trend gaining popularity in the automotive Ethernet market. Companies are focusing on intelligent automotive ethernet solutions to develop the advanced, high-bandwidth communications systems required by next-generation vehicles. For instance, in November 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. It provides advanced network management and network security functions such as routing, gateways, firewalls, and network intrusion detection and prevention systems.
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
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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
Contents of the report:
1. Executive Summary
2. Automotive Ethernet Market Report Structure
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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