Global CAN Transceivers Market

CAN Transceivers Market Size, Share, Growth Analysis, By Product(Independent and Combination), By Type(High Speed and Low Speed), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2078 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 59 |Figures: 77

CAN Transceivers Market Insights

Global CAN Transceivers Market size was valued at USD 1.87 Billion in 2022 and is poised to grow from USD 2.02 Billion in 2023 to USD 3.71 Billion by 2031, at a CAGR of 7.90% during the forecast period (2024-2031).

The purpose of the CAN Transceivers market is to provide efficient and reliable communication solutions for the CAN protocol, which enables the transfer of data between various electronic devices and systems. CAN transceivers are used to convert the digital signals from a microcontroller or processor into a physical signal that can be transmitted over a communication network. In the automotive industry, CAN transceivers are used to enable communication between various electronic control units (ECUs) in a vehicle, such as the engine control unit, transmission control unit, and body control module. Market elements including drivers, trends, constraints, and opportunities were discovered, and the influence of these factors was analysed to determine the market growth.

US CAN Transceivers Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 1.87 Billion

Largest Segment

High Speed

Fastest Growth

High Speed

Growth Rate

7.90% CAGR

Global CAN Transceivers Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)

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CAN Transceivers Market Segmental Analysis

Global CAN Transceivers Market is segmented on the basis of product, type, application and region. By product, the market is segmented into independent and combination. By type, the market is segmented into high speed and low speed. By application, the market is segmented into automotive, industrial, medical. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global CAN Transceivers Market Analysis by Product

The dominant segment in the CAN Transceivers market is the high-speed CAN transceivers segment. This is due to the increasing adoption of high-speed CAN transceivers in various applications, including automotive and industrial automation. High-speed CAN transceivers are widely used in applications that require high-speed data transmission, making them an essential component in the design of modern vehicles, machines, and devices.

The fastest-growing segment in the CAN Transceivers market is the low-speed CAN transceivers segment. The low-speed CAN transceivers segment is expected to grow at a CAGR of over 7% during the forecast period. The growth of this segment is attributed to the increasing demand for low-speed CAN transceivers in applications such as medical devices and building automation. The rise in demand for low-speed CAN transceivers is mainly due to their ability to provide reliable communication with low power consumption, making them an ideal choice for battery-powered devices.

Global CAN Transceivers Market Analysis by Type

In Controller Area Network (CAN) systems, independent transceivers are employed to add an extra layer of security and dependability. A CAN system can be set up to process data from several sources and control various nodes simultaneously by using multiple independent transceivers. This makes it more likely that the remaining nodes will be able to interact with one another even if one or more of the transceivers experience a malfunction.

The two physical signals, the Transmit Data (TxD) and the Receive Data (RxD), are combined in CAN transceivers to create one differential pair (CAN_H and CAN_L), which is sent via the CAN bus. The combination enables the CAN transceiver to concurrently receive and transmit data. The terms "Bi-directional" and "Duplex" are also used to describe this kind of combination. Additionally, the combination enables the CAN transceiver to switch between the "Listen only" and "Normal" working modes.

Global CAN Transceivers Market Size By Type 2021(%), 2023 (%)

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CAN Transceivers Market Regional Insights

Due to the widespread use of CAN systems in the automobile sector and the concentration of significant manufacturers there, North America currently holds a leading position in the global market for CAN transceivers. Due to the presence of major automakers and the development of the automotive industry, the United States significantly contributes to the North American market. Due to the growing need for high-speed data transfer in automotive applications, the high-speed CAN transceivers market is prominent in this area.

Asia-Pacific is the region of the world market for CAN transceivers that is expanding at the highest rate. During the projection period, the area is anticipated to increase at a CAGR of over 7%. The region's CAN Transceivers market is expanding as a result of the rising demand for industrial and automotive automation in developing nations like China and India. The need for CAN transceivers in the Asia-Pacific area is also anticipated to increase as electric vehicle usage rises.

Global CAN Transceivers Market Size By Geography, 2021-2030, 2024-2031
  • Largest
  • Fastest

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CAN Transceivers Market Dynamics

Global CAN Transceivers Market Drivers

Increasing Adoption of CAN Protocol to Bolster Market Growth

  • The use of the CAN protocol is increasing in various industries, such as automotive, industrial automation, medical devices, and building automation. This is driving the demand for CAN transceivers, as they are essential components for enabling communication over the CAN protocol.
  • As the need for faster communication between devices and systems increases, the demand for CAN transceivers that offer high-speed communication is also increasing. This is driving the development of new and advanced CAN transceivers that can support higher communication speeds.

Global CAN Transceivers Market Restraints

High Competition and Pricing Pressure to Hinder Market Growth

  • The market for CAN Transceivers is highly competitive, with many established players and new entrants. This competition often leads to pricing pressure, which can affect the profit margins of companies operating in the market

 

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CAN Transceivers Market Competitive Landscape

These companies are focused on product innovation, expanding their product portfolio, and strategic collaborations to stay competitive in the market. They also invest heavily in research and development to develop new and advanced CAN Transceivers that offer higher communication speeds, lower power consumption, and improved reliability. Additionally, mergers and acquisitions are also common in the market, with larger companies acquiring smaller players to expand their product portfolio and increase their market share.

Top Player’s Company Profiles in Global CAN Transceivers Market

  • Texas Instruments (USA)
  • NXP Semiconductors (Netherlands)
  • 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)
  • Allegro MicroSystems, LLC (USA)
  • Melexis NV (Belgium)
  • Cirrus Logic, Inc. (USA)
  • TDK Corporation (Japan)
  • Nexperia (Netherlands)
  • HELLA GmbH & Co. KGaA (Germany)
  • Kvaser AB (Sweden)
  • Toshiba Electronic Devices & Storage Corporation (Japan)
  • ROHM Semiconductor (Japan)

Global CAN Transceivers Market Recent Developments

  • In March 2022, Infineon Technologies AG introduced the TLE925x series of CAN FD transceivers.
  • In February 2022, Texas Instruments Incorporated launched the TCAN1042H and TCAN1051H high-temperature CAN transceivers.

CAN Transceivers Key Market Trends

  • There is a growing trend towards miniaturization and integration of electronic components, including CAN Transceivers. Smaller and more integrated CAN Transceivers can reduce the overall size and weight of electronic systems, which is particularly important in automotive and consumer electronics applications.

CAN Transceivers Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global CAN transceivers market refers to the market for Controller Area Network (CAN) transceivers, which are electronic devices that enable communication between different components in a vehicle or other electronic system. CAN transceivers are widely used in a variety of applications, including automotive, industrial, and medical equipment. The global CAN transceivers market is expected to experience steady growth over the next few years, driven by increasing demand for reliable and efficient communication solutions in various industries. The market is also likely to benefit from the increasing adoption of CAN-based networks in automotive and industrial applications, which require robust and high-speed communication between different components.

Report Metric Details
Market size value in 2023 USD 1.87 Billion
Market size value in 2031 USD 3.71 Billion
Growth Rate 7.90%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Independent and Combination
  • Type
    • High Speed and Low Speed
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Texas Instruments (USA)
  • NXP Semiconductors (Netherlands)
  • 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)
  • Allegro MicroSystems, LLC (USA)
  • Melexis NV (Belgium)
  • Cirrus Logic, Inc. (USA)
  • TDK Corporation (Japan)
  • Nexperia (Netherlands)
  • HELLA GmbH & Co. KGaA (Germany)
  • Kvaser AB (Sweden)
  • Toshiba Electronic Devices & Storage Corporation (Japan)
  • ROHM Semiconductor (Japan)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on CAN Transceivers Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on CAN Transceivers Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the CAN Transceivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CAN Transceivers Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CAN Transceivers Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the CAN Transceivers Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

CAN Transceivers Market size was valued at USD 1.87 Billion in 2022 and is poised to grow from USD 2.02 Billion in 2023 to USD 3.71 Billion by 2031, at a CAGR of 7.90% during the forecast period (2024-2031).

These companies are focused on product innovation, expanding their product portfolio, and strategic collaborations to stay competitive in the market. They also invest heavily in research and development to develop new and advanced CAN Transceivers that offer higher communication speeds, lower power consumption, and improved reliability. Additionally, mergers and acquisitions are also common in the market, with larger companies acquiring smaller players to expand their product portfolio and increase their market share. 'Texas Instruments (USA)', 'NXP Semiconductors (Netherlands)', '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)', 'Allegro MicroSystems, LLC (USA)', 'Melexis NV (Belgium)', 'Cirrus Logic, Inc. (USA)', 'TDK Corporation (Japan)', 'Nexperia (Netherlands)', 'HELLA GmbH & Co. KGaA (Germany)', 'Kvaser AB (Sweden)', 'Toshiba Electronic Devices & Storage Corporation (Japan)', 'ROHM Semiconductor (Japan)'

The use of the CAN protocol is increasing in various industries, such as automotive, industrial automation, medical devices, and building automation. This is driving the demand for CAN transceivers, as they are essential components for enabling communication over the CAN protocol.

There is a growing trend towards miniaturization and integration of electronic components, including CAN Transceivers. Smaller and more integrated CAN Transceivers can reduce the overall size and weight of electronic systems, which is particularly important in automotive and consumer electronics applications.

Due to the widespread use of CAN systems in the automobile sector and the concentration of significant manufacturers there, North America currently holds a leading position in the market for CAN transceivers. Due to the presence of major automakers and the development of the automotive industry, the United States significantly contributes to the North American market. Due to the growing need for high-speed data transfer in automotive applications, the high-speed CAN transceivers market is prominent in this area.

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Global CAN Transceivers Market

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