What is the present valuation and projected CAGR of the automotive ethernet market?
The automotive ethernet market size has grown rapidly in recent years. It will grow from $2.87 billion in 2024 to $3.44 billion in 2025 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to bandwidth demand, data transmission speed, cost efficiency, standardization and interoperability, reliability and safety, scalability.
The automotive ethernet market size is expected to see rapid growth in the next few years. It will grow to $6.8 billion in 2029 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to emerging automotive use cases, R&D investments in connected cars, standardization and compatibility, demand for over-the-air (OTA) updates, regulatory push for vehicle efficiency. Major trends in the forecast period include industry collaboration and innovation, rise of subscription-based service, increased focus on environmental impact, evolving automotive software architectures, demand for in-vehicle connectivity.
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Which industry factors have accelerated the automotive ethernet market’s expansion?
The increased demand for motor vehicles has contributed to the growth of the automotive ethernet market during the forecast period. The addition of innovative solutions, such as connected devices and artificial intelligence (AI) and technology, to connected vehicles accelerates innovation in the automotive industry, which further increases demand for automotive Ethernet solutions. For instance, in April 2022, according to a study released by the European Automobile Manufacturers Association, a Belgium-based standard group, 79.1 million automobiles were produced globally in 2021, rising 1.3% from the previous year. Therefore, the increasing automobiles demand is expected to generate high demand for automotive ethernet, thus driving the market during the period.
What are the primary segments of the automotive ethernet market?
The automotive ethernet market covered in this report is segmented –
1) By Component: Hardware, Software And Services
2) By Application: Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Body And Comfort, Chassis
3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Farming And Off-Highway Vehicles
Subsegments:
1) By Hardware: Ethernet Switches, Connectors And Cables, Network Interface Controllers (NICs), Gateways, Transceivers
2) By Software: Network Management Software, Security Software, Communication Protocol Software, Diagnostic And Monitoring Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services
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Which firms are leading the automotive ethernet market?
Major companies operating in the automotive ethernet market include Broadcom Inc., Texas Instruments Incorporated, TE Connectivity Ltd., STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corp., Microchip Technology Inc., Marvell Technology Group, Keysight Technologies Inc., Marvell Technology Group Ltd., Visteon Corporation, Realtek Semiconductor Corp., Molex LLC, Cadence Design Systems Inc., Vector Informatik GmbH, Spirent Communications plc, ACTIA Technologies Group, TTTech Computertechnik AG, Excelfore Corp., Ruetz System Solutions GmbH, AllGo Embedded Systems Private Limited, Inova Semiconductors GmbH, KDPOF SL, System-on-Chip Engineering S.L., TSN Systems GmbH, Aukua Systems Inc., Acome Group
Which market trends are set to define the future of the automotive ethernet market?
Technological advancements are a key trend gaining popularity in the automotive Ethernet market. Companies are focusing on intelligent automotive ethernet solutions to develop the advanced, high-bandwidth communications systems required by next-generation vehicles. For instance, in May 2022, Marvell, a US-based company that design and manufacture semiconductors, launched the Brightlane Ethernet Switch, which is designed to enhance security and reliability for in-vehicle networks, and to enhance in-vehicle networking capabilities, supporting advanced applications such as Advanced Driver Assistance Systems (ADAS) and central gateways. The switch features lockstep dual-core Arm processing redundancy, advanced security features, and increased bandwidth. It is designed to meet the requirements of the ISO 26262 ASIL-B safety standard and is available in two versions: the 88Q5152/51 and the 88Q5192. The switch is part of Marvell’s complete portfolio of automotive Ethernet products.
Which geographic trends are shaping the automotive ethernet market, and which region has the highest market share?
The countries covered in the automotive ethernet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Automotive Ethernet Market Report 2025 Offer?
The automotive ethernet market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Automotive Ethernet is a fast in-vehicle communication protocol offering high bandwidth to support high-end vehicular functions such as vehicle interaction, calibration, measurement, and diagnostics through diagnostics over internet protocol (DoIP) and others. Ethernet bypasses traditional connectivity cabling in automobiles, allowing all vehicle components to connect with lighter and more effective wires, thus reducing connectivity costs and cabling weight.
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