Strong Growth Ahead: Automotive Communication Technology Market Size To Grow At Arecord 15.7% Cagr By 2029

The Automotive Communication Technology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Automotive Communication Technology Market Size Expected to Be by 2034?
The market size for automotive communication technology has seen a fast-paced expansion in the past few years. The future predicts a growth from $12.86 billion in 2024 to $14.9 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. Factors contributing to this historical growth include the usage of CAN (controller area network) as a basic communication protocol, the launch of LIN (local interconnect network) to enable affordable connectivity in entry-level vehicles, the creation of flex ray for swift data transmission in advanced car systems, the addition of ethernet for improved bandwidth and connection in modern cars, and the employment of MOST (media oriented systems transport) for top-notch multimedia streaming in high-end vehicles.

In the coming years, the automobile communication technology market is poised for a swift expansion, expecting to reach a value of $26.68 billion in 2029, with a compound annual growth rate (CAGR) of 15.7%. This anticipated growth is due to the surging proliferation of connected and self-driving cars, escalating demand for communication technologies, 5g connectivity incorporation for effective and dependable car-to-infrastructure communication, widening the reach of edge computing for real-time data processing in auto applications, growing focus on cybersecurity to protect connected cars from digital attacks, and the surge in electric cars (EVS) propelling the demand for communication tools to supervise battery management and charging framework. Upcoming trends in the forecast period involve moving towards centralized automobile architectures to simplify communication and reduce complexity, higher adoption of OTA (over-the-air) updates for software and firmware enhancements in cars, the advent of vehicle-to-everything (v2x) communication for improved safety and efficiency on the streets, the employment of artificial intelligence (AI) and machine learning for predictive maintenance and customized driving experiences, and the use of blockchain technology for safe and transparent data exchanges in automobile ecosystems.

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What Are the Emerging Segments Within the Automotive Communication Technology Market?
The automotive communication technology market covered in this report is segmented -

1) By Bus Module: Controller Area Network (CAN), Local Interconnect Network (LIN), Media-Oriented Systems Transport (MOST), FlexRay, Ethernet
2) By Vehicle Class: Luxury, Mid-Size, Economy
3) By Application: Powertrain, Infotainment Ans Communication, Body Control And Comfort, Safety And Advanced Driver Assistance System

Subsegments"
1) By Controller Area Network (CAN): High-Speed CAN (CAN HS), Low-Speed CAN (CAN LS), Fault-Tolerant CAN
2) By Local Interconnect Network (LIN): LIN 2.x, LIN 1.x
3) By Media-Oriented Systems Transport (MOST): MOST150, MOST25, MOST50
4) By FlexRay: FlexRay Standard (High-Speed), FlexRay Low-Speed
5) By Ethernet: Automotive Ethernet 100BASE-T1, Automotive Ethernet 1000BASE-T1, Time-Sensitive Networking (TSN) Ethernet

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What Long-Term Drivers Are Shaping Automotive Communication Technology Market Trends?
The escalation in connected car demand is predicted to fuel advancement in the automotive communication technology market. Connected cars-vehicles featuring internet connectivity and communication capability that allows interaction with other vehicles, infrastructure, and broader networks-are experiencing a surge in demand. Factors contributing to this include inventive safety features, consumer interest, perceived value, and environmental factors. Automotive communication technology, which enables flawless connectivity, data sharing, and integrative functionality enhancing driver experience, safety, and convenience, is utilised in these connected cars. As reported by the Otonomo-an Israeli-based organization offering a cloud-based Software as a Service solution for car manufacturers-in March 2022, it is expected that the quantity of connected vehicles will rise from roughly 237 million in 2021 to over 400 million by 2025. This rising demand for connected cars is, therefore, propelling the growth of the automotive communication technology market.

Who Are the Top Competitors in Key Automotive Communication Technology Market Segments?
Major companies operating in the automotive communication technology market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Schneider Electric Inc., Honeywell International, Inc., ABB Ltd., Emerson Electric Co., Enbridge Inc., The Williams Companies, Inc., Wipro Enterprises (P) Ltd., Rockwell Automation Inc., Xylem Inc., Moxa Technologies, Targa Resources Corp., KROHNE Group, BRUGG Group AG, ORBCOMM, PSI Software, Optasense, Microflex, LLC, Pure Technologies Ltd., Necon Group, Sensornet, Open Access Technology International Inc.

What Are the Major Trends Shaping the Automotive Communication Technology Market?
Leading firms in the automotive communication technology market are honing in on the creation of novel facilities such as centers of excellence. This is part of their strategy to remain contemporary, competitive, and adaptable to the ever-changing demands of consumers and the prevailing regulatory landscape. These centers are enabling a new standard in innovation and customer satisfaction, becoming the new benchmark for intelligent automotive communications. For instance, in February 2024, CallRevu LLC, a software firm based in the US, instigated a center of excellence in the automotive communication technology sphere. This was intended to shift the paradigms of innovation and customer satisfaction. Some of the features of this ground-breaking technology initiative include an Artificial Intelligence (AI) training prototype, enhanced security measures, improved operational efficiency, groundbreaking innovations, accessibility and inclusivity measures, and data analytics. All these elements underline CallRevu's dedication to amalgamating cutting-edge technology with strategic alliances, underscoring a tech-neutral approach that privileges top-tier, flexible, and germane solutions.

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Which Regions Are Becoming Hubs for Automotive Communication Technology Market Innovation?
Asia-Pacific was the largest region in the automotive communication technology market in 2024. The regions covered in the automotive communication technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Communication Technology Market?
2. What is the CAGR expected in the Automotive Communication Technology Market?
3. What Are the Key Innovations Transforming the Automotive Communication Technology Industry?
4. Which Region Is Leading the Automotive Communication Technology Market?

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