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Automotive Communication Technology Market

Automotive Communication Technology Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1026 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Automotive Communication Technology Market Size was valued at USD 6.15 billion in 2021 and is expected to reach USD 26.14 billion by 2028 and grow at a CAGR of 15.57% over the forecast period 2022-2028.

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.

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.

MARKET DYNAMICS:

KEY DRIVERS: 

  • 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.

RESTRAINTS: 

  • Electronic architecture has become more sophisticated and less reliable.

  • With more communication nodes in a vehicle, the cost per node rises.

OPPORTUNITIES: 

  • The rise of self-driving cars

  • The surge in premium automobile sales

CHALLENGES: 

  • 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

IMPACT OF COVID-19:

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.

KEY PLAYERS:

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 ESTIMATION: 

Market, By Application:

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.

Market, By Bus Module:

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.

Market, By Vehicle Class:

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.

MARKET SEGMENTATION:

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

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

                                                 Automotive Communication Technology Market Report Scope:
Report Attributes Details
 Market Size in 2021  US$ 6.15 Bn
 Market Size by 2028  US$ 26.14 Bn
 CAGR   CAGR of 15.57% From 2022 to 2028
 Base Year 2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • 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)
 Regional Analysis/Coverage 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)
 Company Profiles Robert Bosch, Broadcom Inc., NXP Semiconductors N.V., Continental AG, ON Semiconductor, Toshiba Corporation, Texas Instruments, Infineon Technologies AG, Renesas Electronics Corporation, and STMicroelectronics
 Key Drivers • Government laws require stricter emission reductions and enhanced vehicle safety
• Luxury automobile sales are on the rise
• Autonomous vehicle development
 Challenges • 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

 


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Communication Technology Market Segmentation, by Application

8.1 Powertrain

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)

9.4 FlexRay

9.5 Ethernet

 

10. Global Automotive Communication Technology Market Segmentation, by Vehicle Class

10.1 Economy

10.2 Luxury

10.3 Mid-size

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch

12.1.1 Financial

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

12.10 STMicroelectronics

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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