Automotive Ethernet Market By Component (Hardware, Software, Services), By Application (Chassis, Infotainment, Powertrain, Driver Assistance, Body and Comfort, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global automotive Ethernet market is envisioned to garner $8,765.8 million by 2031, growing from $ 2,135.1 million in 2021 at a CAGR of 14.4% from 2022 to 2031.
Automotive ethernet is a physical network that connects different auto parts via a wired network. It is designed in a manner that it meets the electrical and bandwidth requirements. By achieving synchronization and lowering the complexity of the network within the vehicle, this arrangement lowers the cost of cabling and labor. The in-vehicle infrastructure becomes more sophisticated because of the next-generation automotive applications. The proliferation of sensors, actuators, connectivity modules, network modules, and Electronic Control Units (ECUs) in modern cars has increased the complexity of the vehicle. The original equipment manufacturers (OEMs) for the automotive industry are implementing next-generation technologies to maintain infrastructure stability and reduce network strain.
The automotive sector is being dramatically led toward innovation by the integration of cutting-edge technologies, such as communication, linked devices, and artificial intelligence (AI) technology, in connected vehicles, which is raising customer happiness and improving the driving experience. Automobiles also employ a number of unique communication standards, with each component often using a separate connection or wire. By adopting a single standard, all of the communications between the various components can cohabit on a single switched ethernet network, with a single pair of cables running from a central switch to each point inside the car. Additionally, as technology develops, car electronic systems become more complicated with more controllers, sensors, and interfaces, necessitating a larger bandwidth. There is a huge need for automotive ethernet since these electronic components in the connected vehicle must constantly speak with one another.
However, the market's expansion is anticipated to be constrained by the difficulty of switching from conventional in-vehicle connectivity to ethernet.
A significant opportunity in the automotive ethernet market is technological improvement in automobiles. To create the sophisticated, high-bandwidth communications systems needed by next-generation automobiles, businesses are focusing on intelligent automotive ethernet solutions. For instance, the first automotive ethernet switch firmware for EVs, sophisticated ADAS, and self-driving cars was introduced in 2021 by the German business Elektrobit which develops automotive software. The firmware gives automotive ethernet switches an extra layer of intelligence, enabling them to manage the massive network functions necessary to improve the scalability, safety, and security of automobiles. Routing, gateways, firewalls, and network intrusion detection and prevention systems are just a few of the sophisticated network management and security features it offers.
Businesses now have to rewire their business strategies in response to COVID-19. The pandemic has had a negative effect on the automotive industry globally. In the first half of 2020, automobile ecosystem vendors will cease operations due to the widespread lockdown and social distance standards. A growing trend in the automotive industry has been set off by improvements in the COVID-19 vaccine, government stimulus programs, and a recovery in the global economy. The market is expanding primarily because businesses are starting up again and adjusting to the new normal as they recover from the COVID-19 effect, which had previously resulted in restrictive containment measures like social isolation, remote work, and the closure of commercial activities that created operational difficulties.
The key players profiled in this report include Vector Informatik GmbH, NXP Semiconductors N. V., Marvell Semiconductor, Inc., Molex, Broadcom Inc., Microchip Technology Inc., Aukua Systems, Keysight Technologies, Cadence Design Systems, Inc, and Texas Instruments Incorporated.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive ethernet market analysis from 2021 to 2031 to identify the prevailing automotive ethernet market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the automotive ethernet market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive ethernet market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
Services
By Application
Others
Chassis
Infotainment
Powertrain
Driver Assistance
Body and Comfort
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Broadcom
NXP
Marvell
Microchip
Vector Informatik
Dryv.io
Molex
Texas Instruments
Cadence
DASAN Networks.
AUKUA SYSTEMS
Keysight Technologies
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