Global Automotive LIN Transceivers Market Projected to Surpass $6.13 Billion by 2029 with 7.9% Annual Growth

"Which drivers are expected to have the greatest impact on the over the automotive lin transceivers market's growth?
The surge in electric and hybrid vehicle demand is anticipated to fuel the expansion of the automotive LIN transceivers markets in the future. Electric and hybrid vehicles are automobiles that employ either wholly electric propulsion systems (electric vehicles) or simultaneously with an internal combustion engine (hybrid vehicles). These types of vehicles have seen a rise in demand due to their lower greenhouse gas and pollutant emissions compared to traditional gasoline-powered cars. Automotive LIN transceivers provide efficient interaction between different vehicle components, improving the overall system's performance and aiding in the incorporation of fundamental features for electrified vehicle platforms. As an example, in April 2024, the International Energy Agency noted that 14 million new electric cars were registered globally, increasing the total number to 40 million. By 2023, the percentage of electric vehicle sales out of total car sales had increased from 14% to 18%. Additionally, according to the Society of Motor Manufacturers and Traders, hybrid electric car sales saw a significant increase of 40.0% in February 2024, while plug-in hybrid electric cars saw a notable 25.1% growth. The market share of electrified vehicles stood at 5.6%, marking a rise from 4.0% in 2022. Hence, the accelerating demand for electric and hybrid vehicles is driving the expansion of the automotive LIN (local interconnect network) transceivers market. The increased desire for sophisticated electronics and communication systems is also expected to stimulate expansion in the automotive LIN transceivers markets. Advanced automobile electronics and communication systems are comprised of interconnected technology networks designed to boost vehicle performance, safety, and connectivity. The escalating demand for these systems within the automotive industry can be traced back to consumers' growing emphasis on safety features. Automotive LIN transceivers enable the efficient transfer of crucial data between sensors, controllers, and actuators, providing the real-time responsiveness and accuracy necessary for advanced electronic and communication systems to operate effectively and enhance driving safety. For example, the Highway Loss Data Institute predicted in April 2022, that by 2026 there would be substantial progress in integrating advanced driver assistance and safety features into the vehicle landscape, predicting an over 20% rise. Specifically, by 2026, it's projected that 71% and 60% of registered vehicles will be equipped with standard rear cameras and parking sensors respectively. Additionally, it is anticipated that the use of front automatic emergency braking (AEB) will increase from 18% in 2021 to 43% by 2026 among registered vehicles. Consequently, the demand for advanced electronics and communication systems is propelling the growth of the automotive LIN (local interconnect network) transceivers market.

Get Your Automotive LIN Transceivers Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-lin-transceivers-global-market-report

What is the future CAGR of the automotive lin transceivers market, and how will it impact industry expansion?
The market for automotive LIN transceivers has significantly expanded in the past few years. The market is set to increase from $4.17 billion in 2024 to $4.51 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. This growth surge in the historic period is a result of factors such as the proliferation of LIN-enabled electronic power steering (EPS) systems, increased demand for LIN in automotive passive entry/passive start (PEPS) systems, expanded usage of LIN in automotive climate control modules, and the growing introduction of LIN in automotive instrument clusters.

In the coming years, the automotive LIN transceivers market is expected to experience robust growth, reaching $6.13 billion by 2029, with a CAGR of 7.9%. This growth during the projected period is due to increasing needs for sophisticated comfort and convenience features, demands for advanced electronics and communication systems, adoption of electric and hybrid vehicles, the uptake of LIN 2x technology, and the use of LIN in advanced driver assistance systems. The forecast period is set to see trends such as the integration of LIN transceivers with various other communication protocols, a transition towards LIN for decentralized automotive architectures, technological advancements, the incorporation of LIN in automotive HVAC systems, and combining LIN transceivers with other communication protocols.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14859&type=smp

What are the emerging trends shaping the future of the automotive lin transceivers market?
Leading businesses in the automotive LIN transceivers market are concentrating on creating local interconnect network (LIN) system basis chips (SBC), including TLIN1431x-Q1, to achieve a competitive advantage. The TL1431-Q1 is a precise programmable reference tailored for usage in electronic systems. This local interconnect network (LIN) system basis chip (SBC) enhances communication efficiency in automotive environments and industrial situations, making wiring more straightforward and reducing costs for users. For example, in October 2023, Texas Instruments Incorporated, an American semiconductor company, released TLIN1431x-Q1, which is a local interconnect network system basis chip specifically designed for automotive applications. The chip hosts a range of features including: a watchdog, a high-side switch, limp home capability, a configurable WAKE input pin, a low dropout voltage regulator, a window-based watchdog supervisor, and numerous wake-up methods.

Which key market segments comprise the automotive lin transceivers market and drive its revenue growth?
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

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14859

What regions are at the forefront of automotive lin transceivers market expansion?
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.

Who are the leading players fueling growth in the automotive lin transceivers market?
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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14859&type=smp

What Is Covered In The Automotive LIN Transceivers Global Market Report?

• Market Size Forecast: Examine the automotive lin transceivers market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive lin transceivers market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive lin transceivers market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive lin transceivers market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive lin transceivers market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive lin transceivers market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive lin transceivers market.
• Competitive Landscape: Review strategic developments in the automotive lin transceivers market, including expansions, agreements, and new product launches.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.

Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.

This release was published on openPR.