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Electric And Hybrid Vehicles' Impact On The Automotive LIN Transceivers Market: Major Factor in the Transformation of the Automotive LIN Transceivers Market in 2025
Automotive LIN Transceivers Market Size
The automotive LIN transceivers market has experienced strong growth in recent years. It is forecasted to grow from $4.17 billion in 2024 to $4.51 billion in 2025 at a CAGR of 8.2%. The past growth was fueled by the expansion of LIN-enabled electronic power steering (EPS) systems, increasing demand for LIN in passive entry/passive start (PEPS) systems, the growing use of LIN in automotive climate control modules, and greater deployment of LIN in instrument clusters.
The automotive LIN transceivers market is expected to experience strong growth, reaching $6.13 billion by 2029 at a CAGR of 7.9%. The forecasted growth is driven by demand for advanced comfort and convenience features, advanced electronics and communication systems, the adoption of electric and hybrid vehicles, LIN 2x technology, and increased use in driver assistance systems. Key trends include integrating LIN transceivers with other communication protocols, decentralization of automotive architectures, technological advancements, and their use in HVAC systems.
What Key Elements Are Boosting Growth in the Automotive LIN Transceivers Market?
The rise in demand for electric and hybrid vehicles is contributing to the growth of the automotive LIN (Local Interconnect Network) transceivers market. These vehicles require LIN transceivers for efficient communication between different vehicle components, crucial for the integration of advanced features. According to the International Energy Agency, global sales of electric vehicles reached 14 million in 2023, and the Society of Motor Manufacturers and Traders (SMMT) reported significant increases in hybrid and plug-in hybrid car sales, supporting the need for LIN transceivers.
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Who Are the Major Industry Players Fueling Automotive LIN Transceivers Market Expansion?
Major companies operating in the automotive LIN transceivers market are TDK Corporation, Toshiba Electronic Devices & Storage Corporation, STMicroelectronics, Infineon Technologies, Murata Manufacturing Co. Ltd., NXP Semiconductors, Analog Devices, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductor, Maxim Integrated, Littelfuse Inc., ON Semiconductor, Diodes Incorporated, Microchip Technology, Silicon Laboratories Inc., Allegro MicroSystems, Melexis, TT Electronics plc, Elmos Semiconductor SE, Kvaser AB
Which Key Developments Are Influencing the Automotive LIN Transceivers Market?
In the automotive LIN transceivers market, companies are developing advanced local interconnect network (LIN) system basis chips (SBC) to maintain a competitive position. For instance, in October 2023, Texas Instruments Incorporated, a US-based semiconductor company, launched the TLIN1431x-Q1, an automotive LIN system basis chip. This chip provides features like a watchdog, high-side switch, and configurable wake-up input pin to improve communication and reduce user costs in automotive and industrial settings.
How Is the Segmentation of the Automotive LIN Transceivers Market Defined?
The automotive LIN transceivers market covered in this report is segmented -
1) By Type: Single Channel LIN Transceivers, Multi-Channel LIN Transceivers
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Single Channel LIN Transceivers: Standard Single Channel LIN Transceivers, Low Power Single Channel LIN Transceivers, High-Speed Single Channel LIN Transceivers
2) By Multi-Channel LIN Transceivers: Dual-Channel LIN Transceivers, Quad-Channel LIN Transceivers, Multi-Channel LIN Transceivers
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What Is the Leading Region in the Automotive LIN Transceivers Market?
Asia-Pacific was the largest region in the automotive LIN transceivers market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive LIN transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive LIN Transceivers Global Market Report?
- Market Size Analysis: Analyze the Automotive LIN Transceivers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive LIN Transceivers 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 LIN Transceivers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive LIN Transceivers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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