Global Automotive Ethernet Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Automotive Ethernet is a physical layer standard that is specially designed for the use of automotive connectivity applications. This is a physical network that helps in linking automotive parts through the wired network. The growing penetration of infotainment and advanced driver assistance systems, surging demand for electric vehicles, and the rising proliferation of autonomous vehicles are prominent factors for the market growth around the world.
According to Statista, in 2021, the global autonomous car market was estimated to value around USD 24.1 billion. Also, it is projected the market for an autonomous car is continuously expand and reached USD 61.87 billion by the year 2026. Thus, the rising demand for the autonomous car is augmenting the growth of the Automotive Ethernet Market in the near future. In addition, growth in vehicle production and increasing advancements in Ethernet technology are creating various growth prospects for the market. However, interoperability among components and application computability and increasing incidences of security attacks are hindering stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automotive Ethernet Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the development of the emerging economies, as well as high production of vehicles and sales of vehicles. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing investment in technology development, and the rising emergence of connected cars.
Major market players included in this report are:
NXP Semiconductors N.V.
Marvell Technology, Inc.
Microchip Technology Inc.
Vector Informatik GmbH
System-on-Chip Engineering S.L.
Texas Instruments Incorporated
Cadence Design Systems, Inc.
TTTech Auto AG
Recent Developments in the Market:
In May 2019, Marvell announced the acquisition of Aquantia, for expanding the company's position in the multi-Gig 2.5G/5G/10G Ethernet segments. This acquisition supports Marvell's to boost its leadership in the transformation of the in-car network to high-speed Ethernet over the next decade.
In March 2019, Broadcom declared the introduction of the BCM8956X- a family of automotive multilayer Ethernet switches. The product helps in rising security, bandwidth, and Time-Sensitive Networking (TSN). The product is IEEE compliant for 100 BASE-T1 PHY. The company helps automotive OEMs and Tier1 suppliers advance into Gigabit Ethernet Systems.
In January 2019, Molex entered into a collaborative agreement with AllGo for media and connectivity solutions. This collaboration assists in the delivery of versatile infotainment and connectivity solution for automotive OEMs.
Global Automotive Ethernet Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Component, Vehicle Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Automotive Ethernet Network
Automotive Ethernet Testing
By Vehicle Type:
Farming and Off-highway Vehicles
Advanced Driver Assistance Systems (ADAS)
Body and Comfort
Rest of the World