Global Automotive Communication Technology
Market Report
2024
Automotive Communication Technology Market size is USD 28978.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.90% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Automotive Communication Technology market size is USD 28978.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.90% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Communication Technology Market Sales Revenue 2024 | $ 28978.3 Million |
Global Automotive Communication Technology Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.9% |
Market Split by Bus Module |
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Market Split by Vehicle Class |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Communication Technology industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Communication Technology Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Automotive Communication Technology Market refers to the ecosystem of communication systems and protocols employed within vehicles and between vehicles and external infrastructure. Rapid advancements in automotive electronics, connectivity, and automation have propelled the demand for sophisticated communication technologies to enable seamless data exchange and coordination among vehicle components and external networks. This market encompasses various technologies such as Controller Area Network (CAN), Local Interconnect Network (LIN), FlexRay, Ethernet, and wireless communication standards like Wi-Fi and Bluetooth. These technologies facilitate crucial functions, including vehicle diagnostics, infotainment systems, telematics, advanced driver assistance systems (ADAS), and vehicle-to-everything (V2X) communication for enhanced safety and efficiency. With the ongoing evolution towards connected and autonomous vehicles, the Automotive Communication Technology Market is assured of substantial growth.
Rising Demand for Enhanced Safety and Efficiency to Increase the Demand Globally - One key driver in the Automotive Communication Technology market is the demand for enhanced safety and efficiency. Automotive communication technologies facilitate the implementation of advanced driver assistance systems (ADAS), collision avoidance systems, and cooperative intelligent transport systems (C-ITS), enhancing vehicle safety and operational efficiency. As safety regulations tighten and consumers demand safer driving experiences, the demand for robust communication technologies in automobiles continues to grow. Rise of Connected and Autonomous Vehicles- The growing adoption of connected and autonomous vehicles requires advanced communication systems to allow real-time data exchange between vehicles, infrastructure, and the cloud.
Interoperability Challenges- The proliferation of diverse communication standards and protocols within the automotive industry poses interoperability challenges, hindering seamless data exchange and integration between different vehicle systems and components. Cybersecurity Risks- The surging connectivity of vehicles exposes them to cybersecurity threats such as hacking and data breaches, raising concerns about the privacy, safety, and integrity of automotive communication networks and systems.
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In September 2022, Renesasa Electronics Corporation launched an integrated software development environment that supported multi-chip ECU, post-designing modifications, and minimized developing time without any hardware.
(Source: https://www.renesas.com/us/en)
Top Companies Market Share in Automotive Communication Technology Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue as the region is home to major automotive manufacturers and technology companies pioneering innovations in connected and autonomous vehicles. Further, stringent safety regulations and consumer demand for advanced features drive the adoption of communication technologies such as V2X systems. Additionally, North America boasts a robust infrastructure for telecommunications and data networks, supporting the implementation of high-speed, reliable communication systems within vehicles and across transportation networks.
Asia-Pacific stands out as the fastest-growing region in the Automotive Communication Technology market for several compelling reasons. The region's burgeoning automotive industry, fueled by rapid urbanization, growing disposable incomes, and rising demand for passenger and commercial vehicles, drives the adoption of advanced communication technologies. Moreover, government initiatives promoting smart transportation infrastructure and the integration of connected vehicle solutions further accelerate market growth. Additionally, the presence of primary automotive manufacturers and suppliers in countries like China, Japan, and South Korea contributes to the region's rapid expansion in automotive communication technology.
The current report Scope analyzes Automotive Communication Technology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Communication Technology Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Communication Technology Industry growth. Automotive Communication Technology market has been segmented with the help of its Bus Module, Vehicle Class Application, and others. Automotive Communication Technology market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Ethernet is the dominating category due to its high data transfer speeds, scalability, and reliability. With the increasing complexity of automotive systems and the surging demand for advanced features such as autonomous driving and connected services, Ethernet provides the bandwidth required to support large volumes of data generated by sensors, cameras, and other onboard devices. Moreover, Ethernet's compatibility with existing IT infrastructure and widespread adoption in industries like telecommunications and computing make it a preferred option for automotive manufacturers seeking standardized and interoperable communication solutions. This dominance positions Ethernet as a key enabler of future automotive innovations and connectivity.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Communication Technology Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Communication Technology from 2019 to 2031. This will also help to analyze the demand for Automotive Communication Technology across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle Class of Automotive Communication Technology are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Communication Technology market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Communication Technology Market is witnessing significant growth in the near future.
In 2023, the Controller Area Network (CAN) segment accounted for noticeable share of global Automotive Communication Technology Market and is projected to experience significant growth in the near future.
The Economy segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Epson (Japan) , Broadcom Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Bus Module | Controller Area Network (CAN), Ethernet, Flexray, Local Interconnect Network (LIN), Media-Oriented Systems Transport (MOST) |
Vehicle Class | Economy, Mid-Size, Luxury |
Application | Powertrain, Body Control & Comfort, Infotainment & Communication, Safety & ADAS |
List of Competitors | Epson (Japan), Robert Bosch, Broadcom Inc., NXP Semiconductors N.V., Infineon Technologies AG, ON Semiconductor, Continental AG, Toshiba Corporation, Texas Instruments, Renesas Electronics Corporation, STMicroelectronics |
This chapter will help you gain GLOBAL Market Analysis of Automotive Communication Technology. Further deep in this chapter, you will be able to review Global Automotive Communication Technology Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Communication Technology Market Trends North America Automotive Communication Technology Technological Road Map North America Automotive Communication Technology Market Drivers North America Automotive Communication Technology Market Restraints North America Automotive Communication Technology Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Bus Module Analysis 2019 -2031, will provide market size split by Bus Module. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Bus Module Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Class Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Communication Technology market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Controller Area Network (CAN) have a significant impact on Automotive Communication Technology market? |
What are the key factors affecting the Controller Area Network (CAN) and Ethernet of Automotive Communication Technology Market? |
What is the CAGR/Growth Rate of Economy during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Communication Technology Market? |
Which region is expected to dominate the global Automotive Communication Technology Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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