Global Automotive Ethernet Market

Automotive Ethernet Market Size, Share, Growth Analysis, By Components(Hardware, Software), By Bandwidth(10Mbps, 100Mbps), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Application(Advanced Driver Assistance Systems, Infotainment) - Industry Forecast 2024-2031

Report ID: SQMIG25E2113 | Region: Global | Published Date: February, 2024
Pages: 223 | Tables: 119 | Figures: 76

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FAQs

Automotive Ethernet Market size was valued at USD 2.1 billion in 2021 and is poised to grow from USD 2.40 billion in 2022 to USD 7.05 billion by 2030, at a CAGR of 14.4% during the forecast period (2023-2030).

The competitive environment of the Automotive Ethernet Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Tesla Inc.', 'BYD', 'Lyft Inc', 'Uber Technologies', 'Daimler AG', 'Anhui Jianghuai Automobile CoLtd (AC)', 'DidiChuxing', 'Broadcom', 'Beijing Automotive IndustryHolding Co. Ltd. (BAIC)', 'Baidu', 'JAC Motors', 'Broadcom', 'Marvell', 'Keysight Technologies', 'NXP', 'Vector Informatik', 'AUKUA SYSTEMS,', 'Microchip', 'DASAN Networks'

The anticipated rise in vehicles equipped with autonomous driving capabilities forecasts a significant upsurge in opportunities for automotive ethernet. Autonomous driving systems heavily rely on high-definition (HD) maps, integrating detailed road-based information such as lane dimensions, crosswalks, and road signs. These precise HD maps are constructed using data gathered from an array of sensors. The critical role of ethernet emerges in connecting these multifaceted components, ensuring efficient and seamless data transfer within the autonomous driving system. This pivotal function positions automotive ethernet as a vital contributor to the sustained growth and optimization of autonomous vehicle technologies.

The automotive ethernet market is experiencing rapid growth, propelled by the robust expansion of the automotive industry and escalating production rates of automobiles. Data from the European Automobile Manufacturers Association reveals a significant increase in motor vehicle production, reaching 85.4 million units in 2022 compared to around 79.1 million units in 2021. This surge in vehicle manufacturing directly corresponds to an amplified demand for automotive ethernet. With the continually rising number of vehicles on the road, there is an increasing need for reliable in-vehicle networking solutions like automotive ethernet. This escalating demand contributes substantially to the market's upward trajectory and expansion, underlining the critical role of automotive ethernet in meeting the connectivity requirements of the growing automotive landscape.

Anticipated to exhibit consistent growth, North America's automotive ethernet market is poised for expansion attributed to the escalating adoption of electric vehicles (EVs) and plug-in electric vehicles (PHEVs) across the region. These innovative vehicles heavily depend on robust and high-speed communication networks to facilitate efficient power management, real-time battery monitoring, and seamless integration of advanced functionalities.

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