Dublin, March 21, 2024 (GLOBE NEWSWIRE) -- The "Automotive Ethernet Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Ethernet Market Exhibits Prominent Growth
According to a recent market research report, the automotive ethernet market is on a significant upward trajectory. This comprehensive research delivers a complete perspective of the market status and its prospective outlook. The report unveils that the automotive ethernet market, valued at $2.41 billion in 2023, is expected to burgeon to a remarkable $2.91 billion in 2024. At a CAGR of 20.5%, the industry's growth is propelled by an increasing demand for advanced driver-assistance systems (ADAS), connected vehicle technologies, and innovative automotive data transmission solutions.
Key Drivers of the Automotive Ethernet Market
The projected expansion of the automotive ethernet market, at a CAGR of 18.9% leading to $5.81 billion by 2028, is anchored in the surge of automotive use cases requiring high bandwidth and the infusion of investments in research and development for connected cars. Standardization, interoperability, and regulatory mandates promoting vehicle efficiency have also become pivotal in shaping market growth.
Technological advancements are a standout trend, marked by the development of sophisticated, high-bandwidth in-vehicle communication systems. Notable market activity includes significant strides by major companies in producing multi-gig Ethernet camera bridge solutions, enhancing the delivery of high-resolution, real-time video data crucial for the safe operation of autonomous and connected vehicles.
Strategic Acquisitions and Innovations Shaping the Market
The report highlights strategic corporate actions, such as KPIT Technologies' acquisition of Technica Engineering subsidiaries, aimed at enhancing the providers' capabilities and facilitating comprehensive automotive ethernet solutions. Furthermore, the evolution of Asia-Pacific as the largest market, closely followed by North America's rapid growth, reflects the dynamic global landscape of automotive Ethernet.
Automotive Ethernet Applications and Vehicle Integration
Applications of automotive Ethernet cited in the report cover ADAS, infotainment, powertrain, body and comfort, and chassis systems. Vehicles types impacted include passenger cars, commercial vehicles, and off-highway vehicles. The report meticulously evaluates every segment, providing a thorough understanding of the automotive ethernet environment.
The detailed research publication serves as an essential resource, with in-depth analysis providing market insight for stakeholders. It emphasizes the market's current state and future potential, which will undoubtedly influence the decisions and strategies of industry participants.
Comprehensive Market Coverage
- Assessment of automotive ethernet segments
- Insight into high-growth applications and regions
- Analysis of key market players and competitive landscape
- Examination of trends, opportunities, and marketplace challenges
This market research report is an indispensable tool for understanding the global automotive ethernet market's past progression, current status, and forecast growth. The data encompassed within this report articulate the market's trajectory, influenced by technological innovation and evolving vehicle connectivity demands.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $2.91 Billion |
| Forecasted Market Value (USD) by 2028 | $5.81 Billion |
| Compound Annual Growth Rate | 18.9% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Broadcom Inc.
- Texas Instruments Incorporated
- TE Connectivity Ltd.
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Analog Devices Inc.
- Renesas Electronics Corporation
- ON Semiconductor Corp.
- Microchip Technology Inc.
- Marvell Technology Group
- Keysight Technologies Inc.
- Marvell Technology Group Ltd.
- Visteon Corporation
- Realtek Semiconductor Corp.
- Molex LLC
- Cadence Design Systems Inc.
- Vector Informatik GmbH
- Spirent Communications plc
- ACTIA Technologies Group
- TTTech Computertechnik AG
- Excelfore Corp.
- Ruetz System Solutions GmbH
- AllGo Embedded Systems Private Limited
- Inova Semiconductors GmbH
- KDPOF SL
- System-on-Chip Engineering S.L.
- TSN Systems GmbH
- Aukua Systems Inc.
- Acome Group
For more information about this report visit https://www.researchandmarkets.com/r/sdqye6
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