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Automotive Communication Technology Market Size To Record US$ 36.30 billion by the end of the year 2030

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The automotive communication technology market size is projected to reach over US$ 36.30 billion by the end of the year 2030 from US$ 7.63 billion in 2020 at a steady CAGR of 15.4% from 2021 to 2030, according to Precedence Research.

Latest Research Study on ” automotive communication technology Market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.

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This research report evaluates the automotive communication technology market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global automotive communication technology market for the period from 2017 to 2030.

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.

Market Report Scope

Report Highlights Details
Market Size USD 36.30 billion by 2030
Growth rate CAGR of 15.4% from 2021 to 2030
Base Year 2020
Historical Years 2017-2019
Forecast Period 2021 to 2030
Segments Covered Bus Module, Application, Vehicle Class, Region
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, Latin America

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global automotive communication technology market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global automotive communication technology market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key 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
  • 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.
  • 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.
  • 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.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global automotive communication technology market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the automotive communication technology market include:

  • 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
  • Intel Corporation

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 Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the automotive communication technology in 2020?

What is the expected market size by 2030?

What is the automotive communication technology market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the automotive communication technology market?

Why Buy this Report?

The purpose of Precedence Research’s automotive communication technology market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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