PUBLISHER: Market Research Future | PRODUCT CODE: 1601594
PUBLISHER: Market Research Future | PRODUCT CODE: 1601594
Global Automotive Ethernet Market By Type (Automotive Ethernet Network, and Automotive Ethernet Testing), By Component (Hardware, Software, Services), By Bandwidth Outlook (10 Mbps, 100 Mbps, 1 Gbps, 2.5/5/10 Gbps), By Application (Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Chassis, Body And Comfort), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Others) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2033
In 2023, the Automotive Ethernet Market was valued at USD 2,156.4 million. The Automotive Ethernet market is expected to increase from USD 2,648.8 million in 2024 to USD 19,057.9 million by 2033, with a compound yearly growth rate (CAGR) of 24.5% over the forecast period (2024-2033).
Automotive Ethernet is a form of network cable built specifically for automobiles, with fast data transfer and minimal delays. It was designed specifically for cars. This network enables automobile parts to communicate fast. Unlike typical automotive cabling, Ethernet in cars may reach speeds of up to 1 Gbps. This speed is critical for advanced functions like as self-driving, entertainment, and telematics. This technology represents a significant advancement in automobile communication. New versions of car Ethernet contain technologies that improve longevity and save costs in the automotive environment. There are several standards for automotive Ethernet, including 100BASE-T1, 1000BASE-T1, and 10GBASE-T1. These standards enable data transfers at speeds ranging from 100 MB/s to 10 Gb/s.
Market Segment insights
The Automotive Ethernet market is divided into two segments based on its type: Automotive Ethernet Network and Automotive Ethernet Testing.
Components include hardware, software, and services.
The Automotive Ethernet Market is divided into four segments based on bandwidth: 10 Mbps, 100 Mbps, 1 Gbps, and 2.5/5/10 Gbps.
The Automotive Ethernet Market is segmented into passenger automobiles and commercial vehicles.
Regional insights
The global automotive ethernet market is divided into four regions: North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the Automotive Ethernet market in 2023, with the greatest CAGR throughout the forecast period.
Asia-Pacific led the automotive ethernet market due to a variety of reasons. The growing acceptance of linked automobiles, as well as technology improvements in the automotive sector, have expanded its popularity. Rapid industrialization in APAC countries accelerated market growth. China, India, Japan, and South Korea all experienced tremendous growth in their automobile industries. Economic expansion and favorable government policies drove higher automobile manufacturing and sales.
North America is rapidly expanding due to the increased use of ethernet in driver assistance systems (ADAS) and self-driving vehicles to improve data transmission speeds and reliability, which has stimulated the rise of automotive ethernet in the North American market. Furthermore, significant firms such as Tesla, General Motors, and Ford are heavily investing in ethernet-based technologies to improve vehicle communication and performance, resulting in the growth of the automotive sector.
Europe's automotive Ethernet industry is predicted to be the fastest growing by 2033. The market is rapidly expanding across Europe, with France, Germany, the United Kingdom, Spain, and the rest of the area playing key roles.
Broadcom Inc., NXP Semiconductors N.V., Marvell Technology Group Ltd., Microchip Technology Inc., Texas Instruments, Cadence Design System Inc., TTTech Auto, Xilinx, Inc., TE Connectivity Ltd., Toshiba Corporation, Keysight Technologies Inc., Realtek Semiconductor Corp., Rohde & Schwarz, Infineon Technologies AG, and Tektronix Inc. are the market's leading vendors.