Automotive Ethernet Market Will Grow to USD 5.8 Billion by 2027, witnessing a CAGR of 21.2% During 2021-2027

Automotive-Ethernet-Market

The global automotive Ethernet market is expected to witness a 21.2% CAGR during 2021-2027. The rising demand for high bandwidth and infotainment systems, increased disposable income will foster the growth of the global automotive Ethernet market.

In a connected car, high-performance navigation systems, high-end entertainment, and telematics require the system to be ‘always on.’ The market for ethernet deployments has been driven by the rising bandwidth available for in-vehicle data connections.

Furthermore, the surge in demand for ADAS, regulation by the government on the safety and security of vehicles, and rising adoption of low-cost ethernet technology by automotive manufacturers and development in the field will propel the demand for the automotive ethernet market.

COVID-19 Analysis

The COVID-19 pandemic has led to a decline in the growth of the automotive ethernet market in the short run as there is a temporary halt in the production of automobile manufacturing. The global automotive ethernet vendors are severely impacted as a result of the restrictions and stated lockdowns, which are harming the global automobile ethernet makers.

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Market Segmentation

  • By Component
  • By Vehicle Type
  • By Bandwidth
  • By Application

Based on application, the rising demand for ADAS will bolster the market growth. Automotive ethernet will have additional development opportunities as the number of vehicles equipped with autonomous driving develops in the future.

HD maps with road-based information like lane sizes, crosswalks, and road signs are critical for autonomous driving. HD maps are created using sensor data, and ethernet is required to connect these components in order to ensure effective data transfer, contributing to the expansion of automotive ethernet.

The increased adoption of IoT solutions in automotive will propel the growth of highly connected modern ADAS  and autonomous driving functions. Because of the benefits of Ethernet compatibility when connecting vehicles to smart infrastructure, it is a key aspect of the vehicle.

Recent News

NXP stated in December 2021 that the S32G Family of Network Processors would be extended to accelerate higher-performance software-defined vehicle applications and pin compatibility. In comparison to the highest-performing S32G2 Series device, the S32G3 Series delivers up to 2.5x greater application processing, Ethernet bandwidth on two ports, and on-chip system memory.

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Geographical Analysis

Asia-Pacific contributes to the significant growth owing to the increased production of passenger vehicles in the region. Auto manufacturers like Mercedes-Benz, Ford, and Volkswagen are having expansion plans in India to enhance their manufacturing capacity and output and minimize the demand-supply gap. Thus, time-sensitive in-vehicle networking components will see growth leading to the development of the automotive ethernet market in the region.

Key Players:

The industry players in the automotive ethernet industry include Broadcom, NXP Semiconductors, Marvell, Microchip Technologies Inc., Cadence Design Systems, Inc., Molex, Aukua Systems Inc., Vector Informatik GmbH, TTTech Auto AG, and System-on-CChip Engineering S.L.

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Contact Information:

About VynZ Research:

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ Research has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

Contact Us:

VynZ Research
Call: +91-996-028-8381
Toll-Free (U.S. and Canada): +1-888-253-3960
Email: support@vynzresearch.com

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