Precedence Research recently published a report on “Automotive Communication Technology Market Size, Share and Growth Analysis (By Bus Module: CAN, LIN, MOST, FlexRay, and Ethernet; By Application: Powertrain, Infotainment & Communication, Body Control & Comfort, and Safety & ADAS; By Vehicle Class: Luxury, Mid-Size, and Economy) – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”. Amid the COVID-19 crisis, the global automotive communication technology market value is projected to reach US$ 36.30 billion by 2027, rising at a CAGR of 15.4% from 2020 to 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents a breakdown of the market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates the automotive communication technology market on a global and regional level. It offers a thorough analysis of market status, growth and forecast of the global automotive communication technology market for the period from 2017 to 2030. This research study offers historic data for the years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
Scope of the Study
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Market Estimations:
| Market Was Valued In 2020 | US$ 7.63 Billion |
| Market Is Projected To Grow By 2030 | US$ 36.30 Billion |
| Compound Annual Growth Rate (CAGR) From 2021-2030: | 15.4 Percent |
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.
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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.
Report Highlights
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:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the automotive communication technology market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the automotive communication technology market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this study, Precedence Research has segmented the global Automotive Communication Technology Market report on the basis of bus module, application, vehicle class, and region:
By Bus Module Outlook
By Application Outlook
By Vehicle Class Outlook
By Geography
Key Takeaways
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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