You are currently viewing Global Automotive Ethernet Market to be Driven by the Increasing Global Demand for Automobiles in the Forecast Period of 2022-2027
Automotive Ethernet Market

Global Automotive Ethernet Market to be Driven by the Increasing Global Demand for Automobiles in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Automotive Ethernet Market Size, Share, Demand, Analysis, Report and Forecast 2022-2027’, gives an in-depth analysis of the global automotive ethernet market, assessing the market based on its segments such as components, bandwidths, vehicle types, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/automotive-ethernet-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2020): USD 1.23 Billion
• Forecast CAGR (2022-2027): 22.9%

Automotive ethernet is created expressly to fulfil the needs of the automotive sector, allowing for speedier data transmission. With the rising need for advanced driver assistance systems (ADAS) and entertainment in passenger cars, the automotive ethernet market is expected to rise fast over the projected period.

Moreover, the automotive ethernet market is predicted to develop due to increased acceptance of low-cost ethernet technology by automakers and advancements in the area. The increase in production can be attributed to a reduced cost and continuous miniaturisation of hardware components, which is helping the market increase. Also, the growing adoption of Internet of Things (IoT) solutions in automotive is providing growth opportunities to a wide range of highly connected modern ADAS and autonomous driving functions.

Industry Definition and Major Segments

Automotive ethernet connects numerous automotive applications such as ADAS, infotainment, powertrain, and chassis. It allows for high bandwidth operating at fast speeds. It also saves money on manpower and cables by simplifying and optimising in-vehicle networks.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/automotive-ethernet-market

The several components of the market are:

• Hardware
• Software
• Services

Based on bandwidth, the market is divided into:

• 10Mbps
• 100Mbps
• 1Gbps
• 2.5/5/10Gbps

The several types of vehicles are:

• Passenger Cars
• Commercial Vehicles
• Farming and Off-Highway Vehicles
• Others

The significant applications of the market are:

• Advanced Driver Assistance Systems
• Infotainment
• Powertrain
• Body and Comfort
• Chassis

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The increase in demand for personal vehicles across the globe has affected the air quality drastically in the world. The carbon emission by vehicles is severely affecting the environment. Therefore, governments across the globe are promoting green transportation and providing subsidies for the purchase of electric vehicles.

Hence, the rise in demand for electric vehicles is expected to drive the growth of the automotive ethernet switches market. Technology advancements, government policies, growth in the consumer economy, and OEM’s investments are the key drivers propelling the EV production. The global demand for automotive ethernet is also growing due to the increasing disposable income. The growing demand for higher bandwidth and infotainment systems is adding to the growth of the market.

Key Market Players

The major players in the market are Broadcom Inc., NXP Semiconductors N.V., Marvell Technology, Inc., Microchip Technology Inc., Molex, LLC, Texas Instruments Incorporated, Cadence Design Systems, Inc., and Vector Informatik GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.