[196+ Pages Report] The latest finding surrounding the “Global Automotive Ethernet Market” published by Facts & Factors offers a neatly packaged and comprehensive read. We at Facts & Factors projected the global automotive ethernet market to value USD 5.9 Billion by 2026 with a growth rate of 19.6% CAGR from an initial value of USD 1.9 Billion in the year 2020.
Automotive ethernet refers to the set of protocols and equipment that is the physical endowment of networking which is used for connecting components in a car with the help of a wired network. Ethernet often refers to a wider range of functions such as smartphone connectivity, navigation, high-powered infotainment systems, and driver safety systems, among others. These systems are specifically equipped for meeting the demands for enabling rapid communication and faster data allotment among users.
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Global Automotive Ethernet Market: Growth Factors
The global automotive Ethernet market is expected to be occupied by contributing factors such as the rising prevalence of electric vehicles on a global purview coupled with rising government initiatives for electrification of the current generation of automobiles to name a few. Additionally, the rising deployment of advanced driver assistant systems (ADAS) coupled with decreasing cost of ethernet equipment is expected to increase the footprint of the global automotive Ethernet market during the advent of the forecast period. Moreover, the integration of ethernet for high-performance navigation systems and high-end entertainment &telematics to offer better and efficient data transfer is expected to fuel the growth of the global automotive Ethernet market during the advent of the forecast.
The global automotive Ethernet market is expected to be driven by the integration of IoT in automotive ethernet coupled with the proliferation of high bandwidth ethernet for the emergence of connected cars to name a few. Factors pertaining to reduced labor costs coupled with minimum latency due to the rising technological advancements are expected to push the boundaries of the global automotive Ethernet market during the advent of the forecast period. However, the rising complexities and intricacy coupled with difficulty in the integration of automotive ethernet equipment toward the older generation of automobiles are expected to hamper the growth of the global automotive Ethernet market during the advent of the forecast period.
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Global Automotive Ethernet Market: Segmentation
The global automotive ethernet market can be segmented into components, bandwidth, application, vehicle type, and region.
On the basis of components, the global automotive Ethernet market is divided into hardware, software, and services. The services segment is expected to witness the largest market share during the advent of the forecast owing to stronger demand from OEMs toward simplifying in-vehicle networks coupled with the rising incidences of challenges faced by the implementation of ethernet for training and support services to name a few. The global automotive Ethernet market is segmented into 10Mbps, 100Mbps, 1Gbps, and 2.5/5/10Gbps on the basis of bandwidth. The 1Gbps category is expected to witness the largest market share during the advent of the forecast owing to the rising demand for stronger bandwidth coupled with lower latency to name a few. Based on application, the global automotive Ethernet market is fragmented into advanced driver assistance systems (ADAS), infotainment, powertrain, body & comfort, and chassis. The ADAS is expected to witness the largest market share during the advent of the forecast owing to a shifting tradition between consumers’ preference for a strong and fuel-efficient vehicle coupled with the rapid increase in the integration of high-tech devices from OEMs to name a few. Based on vehicle type, the global automotive Ethernet market is categorized into passenger cars, commercial cars, and farming & off-highway vehicles. The passenger vehicles segment is expected to be increasing vehicular production coupled with rising disposable income among consumers and rising need for private transportation to name a few.
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Global Automotive Ethernet Market: Regional Analysis
Asia-Pacific is expected to witness the largest market share during the advent of the forecast period owing to the rising demand for automotive in the region coupled with rising technological innovation to name a few. Additionally, stable socio-economic condition coupled with the presence of massive production hubs such as China and India is expected to increase the footprint of the automotive ethernet market during the advent of the forecast period. Rising per capita income among consumers coupled with an increasing number of OEMs is expected to push the boundaries of the automotive ethernet market to a higher boundary. Moreover, the penetration of international players in the region and favorable government policies are further expected to fuel the growth of the automotive ethernet market during the advent of the forecast period.
Global Automotive Ethernet Market: Competitive Players
The key market participants for the global automotive Ethernet market are Broadcom, NXP Semiconductors N.V., Marvell, Microchip Technology, Inc., Vector Informatik, System-On-Chip Engineering S.L., Molex LLC, Texas Instruments, Cadence Design Systems, Inc., TTTech Auto AG., Excelforce, Spirent Communications, Aukua Systems, Inc., RUETZ SYSTEM SOLUTIONS, and Rohde & Schwarz, among others.
Browse detail report with in-depth TOC @ Global Automotive Ethernet Market, 2021-2026
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