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Automotive Ethernet Market to Surpass $9,885.1 Million Revenue by 2030: P&S Intelligence
During 2021–2030, the fastest growth in the automotive Ethernet market, under segmentation by application, will be likely witnessed in the infotainment category. With vehicle infotainment systems being integrated with artificial intelligence, the passenger experience is getting enhanced.
The 1 Gbps category will observe the highest CAGR in the bandwidth segment of the automotive Ethernet market in the years to come. Automakers are looking to offer low-latency and high-speed internet connectivity in vehicles, for which 1-Gbps Ethernet is ideal. This is why even the automotive technology providers are investing in Ethernet that supports data transmission at 1 Gbps.
In the past, Asia-Pacific (APAC) dominated the automotive Ethernet market, a situation that will not change till 2030. The key reasons driving the industry growth in the region are the burgeoning production of automotive batteries and passenger cars and installation of connected devices in automobiles. China is the world's largest auto producer, manufacturing 21.3 million passenger cars in 2019, according to Organisation Internationale des Constructeurs d'Automobiles (OICA).
In order to expand their share in the global automotive Ethernet market, industry players, such as Broadcom Inc., NXP Semiconductors N.V., Marvell Technology Group Ltd., Microchip Technology Inc., Molex LLC, Texas Instruments Inc., Cadence Design Systems Inc., TTTech Computertechnik AG, System-on-Chip Engineering S.L., and Vector Informatik GmbH, are launching new products and entering into partnerships.
For instance, a multi-gigabit ethernet switch, named NXP SJA1110, was launched by NXP Semiconductors N.V. in January 2020 . This switch will enable the deployment of connected vehicles by providing the high-speed internet connectivity required in them. A component of a comprehensive networking solution that includes the VR5510 power management integrated circuit (IC), SJA1110 is compatible with the S32G vehicle network processor developed by NXP.
Additionally, Molex LLC entered into a partnership with AllGo Embedded Systems Pvt. Ltd. in
January 2019 to create an infotainment head unit that will make the access to media smoother and help tackle challenges with the connected solutions embedded in high-speed vehicles. This unit uses an Ethernet gateway to offer remote access to the media hub.
In the automotive cybersecurity market, the Asia-Pacific region is expected to progress at the fastest pace during the forecast period, as the region is home to largest market for automobiles.
North America dominated the automotive OTA updates market in the past on account of the burgeoning sales of connected vehicles. In the near future, the automotive OTA updates market is projected to grow the fastest in Asia-Pacific .
Geographically, Asia-Pacific is predicted to dominate the automotive software market in 2030. The demand for autonomous and electric vehicles in the region has been growing significantly, and these vehicles depend largely upon software.
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Prajneesh Kumar
P&S Intelligence
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