The Automotive Ethernet Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Automotive Ethernet Market:
https://www.thebusinessresearchcompany.com/report/automotive-ethernet-global-market-report
According to The Business Research Company’s Automotive Ethernet Global Market Report 2024, 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.
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5877&type=smp
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
Major companies operating in the automotive Ethernet market are focusing on innovative solutions such as multi-gig ethernet camera bridge solutions to meet the increasing demands for high-resolution, real-time video data processing and transmission in autonomous vehicles. Multi-gig Ethernet camera bridge solution, a technology facilitating high-speed data transfer between multiple cameras and ECUs (Electronic Control Units) in automotive systems through Ethernet connectivity. For instance, in December 2021, Marvell Technology Inc., a US-based data infrastructure semiconductor solutions provider, launched the 88QB5224, the industry’s first multi-gig Ethernet camera bridge solution designed to optimize video sharing within connected vehicles. The new bridge offers IEEE 802.3ch-compliant 10GBASE-T1 PHY, IEEE 802.1AE MACsec for security, time synchronization, energy-efficient Ethernet for reduced power consumption, power-over-data line, and time-sensitive networking. With this Ethernet-based camera bridge, developers can create interoperable software supporting critical services via a multilayer communication stack and benefit from a well-established ecosystem for software-based service delivery.
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
.
.
.
26. South America Automotive Ethernet Market
27. Brazil Automotive Ethernet Market
28. Middle East Automotive Ethernet Market
29. Africa Automotive Ethernet Market
30. Automotive Ethernet Market Competitive Landscape And Company Profiles
Top Major Players:
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
The cancer supportive care drugs global market report 2024from The Business Research Company provides comprehensive…
The waste management software market size is expected to see strong growth in the next…
The business process documentation tools global market report 2024 from The Business Research Company provides…
The end of life planning global market report 2024from The Business Research Company provides comprehensive…
The dental implants and prosthetics contract manufacturing global market report 2024from The Business Research Company…
The cloud object storage global market report 2024from The Business Research Company provides comprehensive market…