[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive communication technology market was valued at around USD 7.63 billion in 2020 and is expected to register revenues worth USD 36.30 billion by the end of 2030, growing at an exceptional CAGR of approximately 15.4% between 2021 and 2030.
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Automotive Communication Technology Market 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.
Automotive Communication Technology Market Report Scope
|USD 36.30 billion by 2030
|CAGR of 15.4% from 2021 to 2030
|2021 to 2030
|Bus Module, Application, Vehicle Class, Region
|North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Automotive Communication Technology Market Report Highlights
- he 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 report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
Read Also@ Third-party Logistics Market to Witness Significant Growth by 2030
some of the prominent players in the automotive communication technology market include:
- Toshiba Corporation
- Robert Bosch
- Texas Instruments
- Broadcom Inc.
- NXP Semiconductors
- Infineon Technologies AG
- 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
Automotive Communication Technology Market Segments
By Bus Module Outlook
- Controller Area Network (CAN)
- Local Interconnect Network (LIN)
- Media-Oriented Systems Transport (MOST)
By Application Outlook
- Infotainment & Communication
- Body Control & Comfort
- Safety & ADAS
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global automotive communication technology market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive communication technology market.
The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.
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.
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