The Automotive Communication Technology Market Size was valued at USD 7.10 billion in 2022 and is expected to reach USD 22.61 billion by 2030 and grow at a CAGR of 15.57% over the forecast period 2023-2030.
Electronic systems such as adaptive cruise control, blind-spot recognition, and lane pursuit assist help manufacturers to meet safety rules, which encourages manufacturers to add these systems into their vehicles. The powertrain, chassis, safety, infotainment, and body comfort are the major applications that use automotive communication technology, as a result of which car manufacturers have increased the adoption of in-vehicle electronics, thereby boosting the market growth for automotive communication technology.
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The automotive industry has grown quickly as a result of the increased use of electronic control units, which has benefited a variety of vehicle subsystem communications. Automotive communication technologies aid in reducing the complications that arise in circuits. Specifically, demand for automotive electronics has influenced and is directly proportionate to demand vehicle communication systems.
Government laws require stricter emission reductions and enhanced vehicle safety.
Luxury automobile sales are on the rise.
Autonomous vehicle development.
Demand for automotive electronics is increasing.
Investment in automobile technologies is increasing.
Electronic architecture has become more sophisticated and less reliable.
With more communication nodes in a vehicle, the cost per node rises.
The rise of self-driving cars
The surge in premium automobile sales
Cybersecurity issues are becoming more prevalent in connected vehicles.
The connectivity nodes inside the automobile have a high cost.
Maintenance issues in the vehicle network infrastructure
COVID 19 has impacted 215 countries, as well as the Communication Industry. Countries have implemented lockdown to combat the harmful consequences, which has had a negative impact on the Communication Market. The pandemic has posed significant hurdles to the sector, which has been severely impacted around the world. The method is used to meet the needs of various businesses. People are not as active as they were previously. Significant strategic changes are taking place. MNCs are expanding their investments in the Communication Market Size as customer demand grows around the world.
This application includes video and audio material, social networking, communication, games, navigation features, rear parking assistance, and vehicle diagnostics, resulting in increased market demand. This application primarily uses CAN and MOST networks, which provide a quick and effective method of communication and enable the transmission of all types of infotainment data throughout a vehicle.
In the automotive business, Ethernet technology has offered new functionality. Low cost, increased bandwidth, synchronization, flexibility, and scalability are all advantages of Ethernet, making it ideal for quickly changing platforms and developing automobile series. The demand for in-vehicle networking technology is rapidly increasing, demonstrating the potential of automotive ethernet.
The use of sophisticated communication technologies in this segment is being driven by fast-emerging technology. Adaptive cruise control, ADAS, active chassis stability, and infotainment are just a few of the technologies that high-end automobile manufacturers have implemented in their vehicles over the last decade to provide increased comfort and safety to their consumers.
Body Control & Comfort
Infotainment & Communication
Safety & ADAS
By Bus Module:
Local Interconnect Network (LIN)
Media-Oriented Systems Transport (MOST)
Controller Area Network (CAN)
By Vehicle Class:
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During the projection period, the Asia Pacific market is expected to hold the highest market share and increase at a considerable CAGR. The region's market growth can be linked to rising car production and regulatory rules addressing active and passive vehicle safety. Furthermore, rising infrastructure investment, construction activity, and sales of luxury automobiles are expected to boost market expansion in this region. High complexity and less reliability of electronics architecture, as well as increased cost per node as the number of communication nodes in a vehicle grows, are some of the primary limitations for the global industry.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Major company profiles included are Robert Bosch, Broadcom Inc., NXP Semiconductors N.V., Continental AG, ON Semiconductor, Toshiba Corporation, Texas Instruments, Infineon Technologies AG, Renesas Electronics Corporation, and STMicroelectronics are only a few of the significant companies.
|Market Size in 2022
|US$ 7.10 Bn
|Market Size by 2030
|US$ 22.61 Bn
|CAGR of 15.57% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Application (Powertrain, Body Control & Comfort, Infotainment & Communication, Safety & ADAS)
• By Bus Module (Local Interconnect Network (LIN), Media-Oriented Systems Transport (MOST), Controller Area Network (CAN), FlexRay, Ethernet)
• By Vehicle Class (Economy, Luxury, Mid-Size)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Robert Bosch, Broadcom Inc., NXP Semiconductors N.V., Continental AG, ON Semiconductor, Toshiba Corporation, Texas Instruments, Infineon Technologies AG, Renesas Electronics Corporation, and STMicroelectronics
|• Government laws require stricter emission reductions and enhanced vehicle safety
• Luxury automobile sales are on the rise
• Autonomous vehicle development
|• Cybersecurity issues are becoming more prevalent in connected vehicles
• The connectivity nodes inside the automobile have a high cost
• Maintenance issues in the vehicle network infrastructure
Automotive Communication Technology Market Expected to Reach USD 22.61 Billion by 2030
Automotive Communication Technology Market grow at a CAGR of 15.57% over the forecast period 2023-2030.
Broadcom Inc., NXP Semiconductors N.V., Continental AG, ON Semiconductor, Toshiba Corporation, Texas Instruments, Infineon Technologies AG, Renesas Electronics Corporation, and STMicroelectronics., and others in the final report.
COVID-19 has impacted 215 countries, as well as the Communication Industry. Countries have implemented lockdowns to combat the harmful consequences, which has had a negative impact on the Communication Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Communication Technology Market Segmentation, by Application
8.2 Body Control & Comfort
8.3 Infotainment & Communication
8.4 Safety & ADAS
9. Global Automotive Communication Technology Market Segmentation, by Bus Module
9.1 Local Interconnect Network (LIN)
9.2 Media-Oriented Systems Transport (MOST)
9.3 Controller Area Network (CAN)
10. Global Automotive Communication Technology Market Segmentation, by Vehicle Class
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Broadcom Inc.
12.3 NXP Semiconductors
12.4 N.V. Continental AG
12.5 ON Semiconductor
12.6 Toshiba Corporation
12.7 Texas Instruments
12.8 Infineon Technologies AG
12.9 Renesas Electronics Corporation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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