Automotive Ethernet Market Growth Outlook Through 2024-2033

Overview and Scope
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.

Sizing and Forecast
The automotive ethernet market size has grown exponentially in recent years. It will grow from $2.41 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. 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 $5.81 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. 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.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/automotive-ethernet-global-market-report

Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the automotive Ethernet market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the automotive ethernet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5877&type=smp

Major Driver Impacting Market Growth
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. According to statistics from the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced from January to September 2021 increased to 57.2 million units from 52.1 million units in 2020 during the same period. Hence, the increasing automobile demand is expected to generate high demand for automotive Ethernet, thus driving the market during the period.

Key Industry Players
Major companies operating in the automotive ethernet market report are 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

The automotive ethernet market report table of contents includes:

1. Executive Summary
2. Automotive Ethernet Market Characteristics
3. Automotive Ethernet Market Trends And Strategies
4. Automotive Ethernet Market – Macro Economic Scenario
5. Global Automotive Ethernet Market Size and Growth
.
.
.
32. Global Automotive Ethernet Market Competitive Benchmarking
33. Global Automotive Ethernet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Ethernet Market
35. Automotive Ethernet Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model