Global Automotive Communication Protocols Market 2024-2028
The automotive communication protocols market is forecasted to grow by USD 637.98 mn during 2023-2028, accelerating at a CAGR of 7.11% during the forecast period. The report on the automotive communication protocols market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing electrification in vehicles, rising adoption of ADAS, and government initiatives encouraging use of telematics.
Technavio's automotive communication protocols market is segmented as below:
By Application
- Passenger cars
- Commercial vehicles
By Type
- LIN
- CAN
- Flexray
- MOST
- Ethernet
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the use of ethernet to lay backbone network of vehicles as one of the prime reasons driving the automotive communication protocols market growth during the next few years. Also, focus of oems on developing autonomous vehicles and adoption of high bandwidth automotive networks will lead to sizable demand in the market.
The report on the automotive communication protocols market covers the following areas:
- Automotive communication protocols market sizing
- Automotive communication protocols market forecast
- Automotive communication protocols market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive communication protocols market vendors that include Broadcom Inc., Continental AG, Elmos Semiconductor AG, Infineon Technologies AG, Melexis NV, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Softing Automotive Electronics GmbH, Speedgoat GmbH, Texas Instruments Inc., Toshiba Corp., Amphenol Communications Solutions, Analog Devices Inc., Aptiv Plc, Robert Bosch GmbH, STMicroelectronics International N.V., and Vector Informatik GmbH. Also, the automotive communication protocols market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.