Increase in Awareness Regarding Automotive Safety among Citizens Anticipated to Drive Global Automotive Communication Technology Market: Ken Research

0


Automotive communication systems are computer networks in which roadside units and vehicles are the communicating nodes. It is used for providing some information, such as safety warnings and traffic information. It can be effective in avoiding accidents & traffic congestion. Automotive communication technologies are classified as current wired technologies and multimedia technologies. Current wired technologies include Local Interconnect Network (LIN), Controller Area Network (CAN) and Byteflight whereas multimedia technologies include Domestic Digital Bus (D2B) and Media-Oriented Systems Transport (MOST).

According to the study, “Global Automotive Communication Technology Market Size study, by bus module (LIN, CAN, FlexRay, MOST, and ethernet), application (powertrain, body control & comfort, infotainment & communication, and safety & ADAS), vehicle class (economy, mid-size and luxury), and Region – Global Forecast to 2025” the key companies operating in the global automotive communication technology market are Cypress SemiconductorCorp., STMicroelectronics, Texas Instruments, Robert Bosch GmbH, Renesas Electronics Corp., Toshiba Corp., Rohm Semiconductor, Broadcom Inc., Microchip Technology Inc., NXP Semiconductors NV, Continental AG, Infineon Technologies AG, Elmos Semiconductor AG, ON Semiconductor Corp., Xilinx Inc., Maxim Integrated Products Inc., Melexis NV, Qualcomm Inc., Vector Informatik GmbH, Intel Corp. The key companies have improved requirements for providing safer & convenient automotive communication with the customers, which has directed the growth of the market. Companies are also investing in ongoing process improvements to convey about flexibility & ease-of-usage in the automotive communication technology sector.

Based on the bus module, the automotive communication technology market is segmented into LIN, FlexRay, CAN, Ethernet and MOST.CAN segment is predicted to be the dominating segment in the market owing to the increase in electronic content for applications such as powertrain, body control, comfort, and infotainment & communication during the forecast period. The MOST bus module segment provides a data-efficient communication infrastructure for interconnecting infotainment and multimedia devices, for instance, GPS navigation, video display, radio, and active speakers. Based on vehicle class, the market is segmented into luxury, mid-size and economy. In addition, based on application, the market is segmented into powertrain, infotainment & communication, body control & comfort, and safety & Advanced driver-assistance systems (ADAS). Infotainment & communication segments hold the major share in the market due to rapid growth in vehicle production & telematics regulations and rise in demand for luxurious, safe, and smart vehicles.

The automotive the communication technology market is driven by an increase in government regulations to reduce emission & improve the safety of vehicles, followed by a rise in the adoption of electronic devices for IP-based routings in vehicles, data transmissions, and growth in the contribution of electronic systems in passenger cars. However, the higher cost per node with an increase in communication nodes in a vehicle and more complexity & less reliability of electronics, the architecture may impact the market. Moreover, the rise in sales of premium vehicles and the emergence of autonomous vehicles are key opportunities for the market.

Based on geography, the Asian-Pacific region holds the major share in the automotive communication technology market owing to the rise in sales of luxury vehicles and an increase in investment in infrastructure &construction activities in the region. The North-American and European regions are expected to witness higher growth rate due to high standards of living, rise in government mandates for safe & secure vehicles and growth in demand for advanced technologies over the forecast period. In the upcoming years, it is estimated that the future of the market will be bright because of a rise in disposable income and rapid urbanization during the forecast period. It is projected that the market will be reached at the US $19.8 billion by 2025.

To Know More, Click On The Link Below:-

Global Automotive Communication Technology Market

Related Reports:-

5G Infrastructure Market by Communication Infrastructure Analysis and Industry Forecast, 2018 – 2025

Global Automotive Battery Sensors Forecasts 2018-2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Share.

Comments are closed.