The Edge Computing in Automotive Market is valued at 1.43 billion in the current year and is expected to register a CAGR of 44.47% during the forecast period to become 9.01 billion by the next five years. The evolution of autonomous vehicles and connected car infrastructure and the requirement for lightweight frameworks and systems to heighten the efficiency of edge computing solutions are anticipated to generate abundant opportunities for edge computing vendors.
Edge computing in the automotive market is moderately competitive and consists of several major players. Few major companies today hold a disproportionate amount of the market share, which continues to be significant in all developed nations, particularly in North America and Europe. The market is highly disorganized in developing nations like Japan and China, where regional or local sellers predominate. International players are gradually creating supply networks and entering these unstructured marketplaces through mergers and acquisitions as they become aware of the significant potential opportunities.
In January 2023, Belden introduced its Single Pair Ethernet (SPE) portfolio of connectivity products designed to optimize Ethernet connection possibilities in harsh environments, including industrial and transportation operations. The SPE portfolio includes IP20-rated PCB jack, patch cords, and cord sets for clean-area connections and IP65/IP67-rated circular M8/M12 patch cords, cord sets, and receptacles for reliable field device industrial ethernet connections.
In November 2022 - Belden Inc. announced the launch of solutions for network security, ruggedization, and simplified deployment, including the Hirschmann GDME Heavy-Duty Valve Connectors and the Belden HorizonTM edge orchestration platform. The platform manages software that allows secure access to remote equipment while sustaining secure and easy deployment, connection, and management of OT devices and applications.
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