Global LIN Transceivers Market

LIN Transceivers Market Size, Share, Growth Analysis, By Type(Body Control Module, HVAC System, Steering Wheel, Others), By End Use(Automotive, Industrial, Consumer Electronics), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45N2093 | Region: Global | Published Date: February, 2024
Pages: 197 | Tables: 64 | Figures: 76

LIN Transceivers Market News

  • In February 2023, Ownership of the 7,330 shares of company stock now stands at $1,160,000 for the New York-based investor. A holding company called NXP Semiconductors NV offers semiconductor products.
  • In November 2022, The LAN8840 and LAN8841 Gigabit Ethernet transceiver devices, which adhere to IEEE 1588v2 Precision Timing Protocol standards, were presented by Microchip Technology Inc. These gadgets are made to give essential process synchronization.
  • In September 2022, RF CMOS radar transceiver family of the second generation was put into production by NXP Semiconductors. For quick chirp modulation, it is optimized.
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LIN Transceivers Market size was valued at USD 866.5 billion in 2021 and is poised to grow from USD 934.09 billion in 2022 to USD 1580.22 billion by 2030, at a CAGR of 7.8% during the forecast period (2023-2030).

These companies are investing heavily in research and development to develop advanced LIN transceivers that meet the evolving demands of the automotive and industrial sectors. They are also expanding their product portfolios through strategic partnerships and collaborations with other players in the industry. 'NXP Semiconductors (Netherlands)', 'Infineon Technologies (Germany)', 'Texas Instruments (United States)', 'ON Semiconductor (United States)', 'STMicroelectronics (Switzerland)', 'Microchip Technology (United States)', 'Robert Bosch GmbH (Germany)', 'Analog Devices, Inc. (United States)', 'Renesas Electronics Corporation (Japan)', 'Melexis (Belgium)', 'Maxim Integrated (United States)', 'Vishay Intertechnology, Inc. (United States)', 'Rohm Semiconductor (Japan)', 'Integrated Device Technology, Inc. (United States)', 'Semtech Corporation (United States)', 'Silicon Laboratories Inc. (United States)', 'Kvaser AB (Sweden)', 'Elmos Semiconductor AG (Germany)', 'ZMDI (Germany)', 'NEC Corporation (Japan)', 'Beijing Eleteck Technology Co., Ltd. (China)'

Various government regulations around the world are mandating the implementation of safety features in vehicles, such as anti-lock brakes, airbags, and electronic stability control, which is driving the demand for LIN transceivers in the automotive industry.

The emergence of Industry 4.0 is driving the adoption of LIN technology in various industrial applications. Industry 4.0 emphasizes the use of connected devices and smart automation solutions, which requires reliable communication between different components. LIN technology provides a cost-effective and reliable communication solution for Industry 4.0 applications.

The North America region is expected to dominate the LIN transceivers market, driven by the increasing adoption of LIN communication technology in the automotive industry and the presence of major automotive manufacturers in the region. The fastest-growing segment in this region is expected to be the automotive industry, with a CAGR of around 5%.

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Global LIN Transceivers Market

Report ID: SQMIG45N2093