Global Controller Area Network (CAN) Market Growth 2023-2029

Global Controller Area Network (CAN) Market Growth 2023-2029

Controller Area Network (CAN) is a serial network technology that was originally designed for the automotive industry, especially for European cars, but has also become a popular bus in industrial automation as well as other applications. The CAN bus is primarily used in embedded systems, and as its name implies, is a network technology that provides fast communication among microcontrollers up to real-time requirements, eliminating the need for the much more expensive and complex technology of a Dual-Ported RAM.
LPI (LP Information)' newest research report, the “Controller Area Network (CAN) Industry Forecast” looks at past sales and reviews total world Controller Area Network (CAN) sales in 2022, providing a comprehensive analysis by region and market sector of projected Controller Area Network (CAN) sales for 2023 through 2029. With Controller Area Network (CAN) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Controller Area Network (CAN) industry.
This Insight Report provides a comprehensive analysis of the global Controller Area Network (CAN) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Controller Area Network (CAN) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Controller Area Network (CAN) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Controller Area Network (CAN) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Controller Area Network (CAN).
The global Controller Area Network (CAN) market size is projected to grow from US$ 385.3 million in 2022 to US$ 649.2 million in 2029; it is expected to grow at a CAGR of 649.2 from 2023 to 2029.
The main manufacturers of Controller Area Network (CAN) include NXP Semiconductor, Texas Instruments and Infineon Technologies, and the top five manufacturers account for about 70% of the market share. Asia-Pacific is the largest market with about 8% share, followed by Total and Europe, both with more than 5% share. Max Data Rate 8Mbps is the largest segment with about 50% share. Automotive is the largest application with about 50% share.
This report presents a comprehensive overview, market shares, and growth opportunities of Controller Area Network (CAN) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Max Data Rate 1Mbps
Max Data Rate 5Mbps
Max Data Rate 8Mbps
Others
Segmentation by application
Automotive
Industrial Application
Aerospace & Defense
Building Automation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP Semiconductor
Texas Instruments
Infineon Technologies
onsemi
Analog Devices
Microchip Technology
STMicroelectronics
MaxLinear
Renesas Electronics
Silicon IoT
Chipanalog
Novosense Microelectronics
Elmos Semiconductor
Guangzhou Zhiyuan Electronics
CAES
Huaguan Semiconductor
Key Questions Addressed in this Report
What is the 10-year outlook for the global Controller Area Network (CAN) market?
What factors are driving Controller Area Network (CAN) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Controller Area Network (CAN) market opportunities vary by end market size?
How does Controller Area Network (CAN) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.