The global automotive communication technology market size is expected to reach US$ 36.30 billion by 2030 from US$ 7.63 billion in 2020 and is expected to grow at an impressive double-digit rate of 15.4% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global automotive communication technology Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Automotive Communication Technology consists of computer networks that permit vehicles as well as roadside units for sharing information and data for example traffic information and safety warnings. It is very beneficial in avoiding accidents and small traffic jams. It is a part of intelligent transportation system that allows buyer for being a part of more reliable transport network.
Various communication protocols are used in a vehicle to provide real-time information of surrounding systems such as traffic congestion, position of surrounding vehicle, and safety warnings. There are various types of communication protocols that include CAN, LIN, MOST, FlexRay, and ethernet that are used for establishing smooth communication between various parts of an automobile. CAN is the oldest protocol that has wide application owing to its higher level of safety, whereas automotive ethernet seems to grow at rapid rate because of higher data transmission speed. However, both the technologies have its own advantage and disadvantage depending on the requirement and purpose in the vehicle.
Growth Factors
Rise in the air pollution with an alarming rate mainly because of carbon emission particularly from the transportation sector is one of the prime factors that drives the market growth for automotive communication technology. To control the emission rate from vehicles government of various regions are significantly switching their transportation sector into green mobility that includes zero-emission vehicles, shared mobility, electric & solar powered vehicles, and so on. These modern renewable sourced vehicles are equipped with new and advanced technologies and hence increase complexity within vehicles. This all triggers the need for better and advanced communication protocol for automobiles.
In addition, rising concern for safety and security spurs the sales growth of luxury vehicles along with vehicles equipped with advanced safety & comfort features. This is primarily attributed to the rising disposable income in developing nations coupled with increase in the road fatality rate. According to World Health Organization (WHO), every year 1.35 million people die because of road accidents and 90% of these deaths are in developing or under-developed regions. This is because of bad health condition of national highways and city roads.
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Why should you invest in this report?
If you are aiming to enter the global automotive communication technology market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive communication technology are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Report Highlights
- The Asia Pacific leads the global automotive communication technology market because of the largest semiconductor market across the globe
- MEA is the fastest growing region in the global market owing to high disposable income and prominent growth of infrastructure in the region
- By bus module, CAN bus dominated the global automotive communication technology market owing to more secure communication between internal ECUs
- Ethernet is the fastest growing bus module due to its high data transmission rate
- Body control & comfort leads the global automotive communication technology market because of increasing demand for intelligent body control modules
- Powertrain is the fastest growing application segment due to rising demand for safe and smooth driving experience
- Mid-size vehicle class is the front-runner in terms of both revenue as well as growth rate owing to 50% of the world’s population is middle class and is highly affordable for them
Regional Snapshots
The Asia Pacific emerged as the global in automotive communication technology market as is one of the most significant automotive market and accounts for prominent revenue share on the global scale. The region held 44.7% of revenue share in the year 2020 and expected to continue its dominance with a growth rate of 11.8% during the analysis period. It accounts for more than three-fifth of the global automobile sales and the share is increasing every year at a significant rate. China and India are the front-runners in the Asian automotive industry and expected to be the most promising regions for the automotive sales growth in the forthcoming years. The prime reason accounting for the growth of these countries is advanced semiconductor market coupled with large consumer base.
On the contrary, Middle East and Africa is the fastest growing market and registers a CAGR of 22.8% during the forecast period of 2021 to 2031. Automotive industry is highly receptive to advanced technologies and MEA is one of the fastest growing regions in terms of technology development. The region is a hotspot for various smart upcoming technologies such as smart home, smart communication devices, smartphones, and smart cars as well.
Further, Automotive industry has been transformed to a greater extent by the influence of these new technologies and hence the approach for forerunner players and new comers to the market also varies. New entrants are adopting different approaches for jumping directly to the new technology penetration while forerunners in the market are focusing on inorganic approaches for their growth such as merger & acquisition, collaboration, investment in research & development. For instance, in 2020, a Dubai-based automotive manufacturer, W Motors plans to move its luxury hypercar centre for production to UAE from its facility in Italy. Therefore, MEA is a promising region for the automotive industry growth.
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Key Players & Strategies
The market for automotive communication technology is highly fragmented because of the presence of large number of industry participants. Further, several automotive communication technology market players are investing prominently for the advancement and development in automotive ethernet. For instance, in March 2020, Argus Cyber Security, a leading cyber security solution provider for automotive sector and NXP Semiconductor, an automotive semiconductor supplier, announced a new integrated solution that protects the ethernet network communications that are based on the NXP S32G vehicle processor. The solution will upgrade the security of ethernet ports by using Argus’ Ethernet Intrusion Detection System (IDS). Similarly, other market players are also investing significantly for the product advancement.
Some of the key players in the global automotive communication technology market are Toshiba Corporation, Robert Bosch, Texas Instruments, Broadcom Inc., NXP Semiconductors, Infineon Technologies AG, STMicroelectronics, Renesas Electronics Corporation, Microchip Technology Inc., ON Semiconductor, Rohm Semiconductor, Maxim Integrated, Melexis NV, Xilinx Inc., Elmos Semiconductor SE, Analog Devices, Vector Informatik GmbH, and Intel Corporation among others.
Market Segmentation
By Bus Module Outlook
- Controller Area Network (CAN)
- Local Interconnect Network (LIN)
- Media-Oriented Systems Transport (MOST)
- FlexRay
- Ethernet
By Application Outlook
- Powertrain
- Infotainment & Communication
- Body Control & Comfort
- Safety & ADAS
By Vehicle Class Outlook
- Luxury
- Mid-Size
- Economy
Regional Analysis:
The geographical analysis of the global automotive communication technology market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global automotive communication technology Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global automotive communication technology market in 2030?
- What is the expected CAGR for the automotive communication technology market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global automotive communication technology market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Communication Technology Market, By Bus Module
7.1. Automotive Communication Technology Market, by Bus Module Type, 2021-2030
7.1.1. Controller Area Network (CAN)
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Local Interconnect Network (LIN)
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Media-Oriented Systems Transport (MOST)
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. FlexRay
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Ethernet
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Automotive Communication Technology Market, By Application
8.1. Automotive Communication Technology Market, by Application, 2021-2030
8.1.1. Powertrain
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Infotainment & Communication
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Body Control & Comfort
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Safety & ADAS
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Communication Technology Market, By Vehicle Class
9.1. Automotive Communication Technology Market, by Vehicle Class, 2021-2030
9.1.1. Luxury
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Mid-Size
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Economy
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Communication Technology Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Bus Module (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
Chapter 11. Company Profiles
11.1. Toshiba Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Robert Bosch
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Texas Instruments
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Broadcom Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. NXP Semiconductors
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Infineon Technologies AG
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. STMicroelectronics
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Renesas Electronics Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Microchip Technology Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ON Semiconductor
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Rohm Semiconductor
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Maxim Integrated
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Melexis NV
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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