Global Automotive Ethernet Market was valued at US$ 1.3 Bn in 2019 and is expected to reach US$ 6.2 Bn by 2027, at a CAGR of 21.56% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Automotive Ethernet Market
Global Automotive Ethernet MarketGlobal Automotive Ethernet Market Dynamics:
The increase in demand for luxury vehicles will propel the growth prospects for the global automotive Ethernet market in the upcoming years. One of the major factors responsible for the continual growth in the luxury vehicle market is the growing population of high-net-worth individuals across the world. Moreover, one of the major sectors that came forward to adopt new technology like the Ethernet technology is the Luxury and premium vehicles sector.
However, intricacy in-migration from traditional in-vehicle connectivity technologies to Ethernet is the major restraint factor in the market for automotive Ethernet. Interoperability among components and application computability, a proliferation of security attacks are the challenges faced by the automotive Ethernet market.
Global Automotive Ethernet Market Segment Analysis:
1Gbps Ethernet bandwidth is the fastest-growing segment in the automotive Ethernet market owing to the growing need for high-speed connectivity in vehicles. 1Gbps Ethernet proposals higher bandwidth and low latency for automotive applications, specifically ADAS and infotainment systems.
The Advanced Driver Assistance Systems (ADAS) segment is expected to have the highest market share in the automotive Ethernet market globally. The OEMs are re-engineering in-car infrastructure to support next-generation connected car & autonomous vehicles. Vehicles are now included with high-tech devices, with a platform for in-vehicle communication.
Global Automotive Ethernet Market Regional Analysis:
Region-wise, the Asia Pacific expected to dominate the market for an automotive Ethernet during the forecast period. The income per capita has shown growth in developing countries such as China and India. Hence, automotive OEMs have huge opportunities in the Asia Pacific to drive business revenue. Automotive OEMs are focusing more on safety and security features to improve the consumer experience.
A recent development in the automotive Ethernet market. In September 2018, NXP acquired OmniPHY, an automotive Ethernet sub-solution supplier. Following this acquisition, the company would increase the speed of its growth in in-vehicle networks. OmniPHY was one of the innovative vendors in the automotive Ethernet market globally.
Various prominent players operating in the global automotive Ethernet market. Microchip Technology is an American semiconductor industrial manufacturing company. The company is a leading provider of microcontrollers and analog and flash IP solutions.
Broadcom is an American semiconductor company, which is generally involved in the manufacture of networking devices. Its product portfolio contains Gigabit Ethernet, integrated circuits, cable converter boxes, wireless networks, cable modems, network switches, VoIP, and other devices.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Automotive Ethernet Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Scope of the Global Automotive Ethernet Market Report:
Global Automotive Ethernet Market, By Component
o Training and Support
Global Automotive Ethernet Market, By Bandwidth
Global Automotive Ethernet Market, By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Farming and Off-Highway Vehicles
Global Automotive Ethernet Market, By Application
• Advanced Driver Assistance Systems (ADAS)
• Body and Comfort
Global Automotive Ethernet Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Automotive Ethernet Market:
• Texas Instruments
• TTTech Auto
• System-On-Chip Engineering S.L. (SoC-E)
• Vector Informatik
• AllGo Embedded Systems
• DASAN Networks
•Rohde & Schwarz
•Realtek Semiconductor Corp.
•TSN Systems GmbH
•Intrepid Control Systems
• Spirent Communications
•RUETZ SYSTEM SOLUTIONS GMBH
This Report Is Submitted By : Maximize Market Research Company
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.