Automotive CAN Transceivers Market Trends

Global Automotive CAN Transceivers Market size was valued at USD 4.28 billion in 2023 and is poised to grow from USD 4.58 billion in 2024 to USD 7.8 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

The Global Automotive CAN Transceivers Market is a highly competitive and fragmented market, with several key players vying for market share. Some of the major players operating in the market compete on the basis of product features, performance, reliability, pricing, and brand reputation. The automotive CAN transceivers market is highly competitive due to the presence of several established players and the emergence of several new entrants. To maintain their market position and gain a competitive edge, companies are focusing on product innovation, strategic partnerships and collaborations, and mergers and acquisitions. Furthermore, companies are also investing heavily in research and development activities to enhance their product offerings and stay ahead of the competition. 'Texas Instruments (USA) ', 'Infineon Technologies (Germany) ', 'STMicroelectronics (Switzerland) ', 'ON Semiconductor (USA) ', 'Analog Devices Inc. (USA) ', 'Microchip Technology Inc. (USA) ', 'Robert Bosch GmbH (Germany) ', 'Broadcom Inc. (USA) ', 'Renesas Electronics Corporation (Japan) ', 'Cypress Semiconductor Corporation (USA) ', 'TE Connectivity Ltd. (Switzerland) ', 'Maxim Integrated (USA) ', 'Qualcomm Incorporated (USA) ', 'Intel Corporation (USA) ', 'Marvell Technology Group Ltd. (USA) ', 'Rohm Semiconductor (Japan) ', 'Toshiba Corporation (Japan) ', 'Hitachi, Ltd. (Japan) ', 'Panasonic Corporation (Japan)'

The growing demand for advanced safety features such as lane departure warnings, adaptive cruise control, and blind-spot detection is driving the market growth. CAN transceivers enable these safety features by facilitating communication between various ECUs in a vehicle.

Increasing use of CAN FD Transceivers: The automotive industry is witnessing a shift toward the use of CAN FD (Flexible Data Rate) transceivers. CAN FD transceivers offer higher data transfer rates, making them suitable for use in advanced automotive applications such as autonomous driving.

North America dominated the global automotive CAN transceivers market, owing to the high adoption rate of advanced automotive technologies in the region. The presence of major automotive players and the availability of advanced manufacturing facilities have also contributed to the region's dominant position in the market.