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Automotive Ethernet Market: Accelerated Growth, Emerging Trends, and Predicted Market Size
Automotive Ethernet Market
What Is The Projected Market Size Of The Global Automotive Ethernet Market And Its Growth Rate?
• The automotive ethernet market is set to expand from $2.87 billion in 2024 to $3.44 billion in 2025, with a CAGR of 19.8%. This significant growth owes to increased bandwidth demand, data transmission speed, cost efficiency, standardization and interoperability, reliability, and safety.
• Expected to grow further, the market size is forecasted to reach $6.8 billion in 2029 at a CAGR of 18.6%. The predicted growth factors include 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.
What Is Driving The Growth In The Automotive Ethernet Market?
The burgeoning demand for motor vehicles plays a significant role in the growth of the automotive ethernet market. Novel solutions such as connected devices and artificial intelligence applied to connected vehicles are expediting innovation in the automotive industry, thereby increasing the demand for automotive ethernet solutions. For instance, a study released by the European Automobile Manufacturers Association in April 2022 showed that automobile production increased by 1.3% from the previous year, with a total of 79.1 million automobiles produced globally in 2021. Therefore, the rising demand for automobiles is expected to generate high demand for automotive ethernet, thus driving the market growth.
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Who Are the Key Players Driving Automotive Ethernet Market Growth?
Major players in the automotive ethernet market include:
• 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
What Are The Key Trends In The Automotive Ethernet Market?
Key Trends in the market include:
• Industry collaboration and innovation
• Rise of subscription-based service
• Increased focus on environmental impact
• Evolving automotive software architectures
• Demand for in-vehicle connectivity
What Are The Segments Of The Global Automotive Ethernet Market?
The market is segmented into:
1) Hardware
2) Software and Services
3) Advanced Driver Assistance Systems (ADAS)
4) Infotainment
5) Powertrain
6) Body and Comfort
7) Chassis
8) Passenger Cars
9) Commercial Vehicles
10) Farming and Off-Highway Vehicles
Which Region Leads The Automotive Ethernet Market?
Asia-Pacific held the largest share in the automotive Ethernet market in 2024. However, North America is anticipated to be the fastest-growing region in the forecast period. The regions considered in the automotive ethernet market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Automotive Ethernet Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Ethernet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Ethernet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Ethernet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Ethernet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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