Automotive Communication Technology Global Market Report 2024

Description

Automotive communication technology encompasses specialized communication systems utilized in vehicles to facilitate seamless communication between electronic components, subsystems, and external devices. These technologies enable modern vehicles to integrate various electronic components and systems, enhancing safety, performance, and user experience.

The main types of bus modules in automotive communication technology include controller area network (CAN), local interconnect network (LIN), Media-Oriented Systems Transport (MOST), FlexRay, and Ethernet. Controller Area Network (CAN) is a communication protocol primarily utilized in automotive and industrial applications for real-time control and data exchange between electronic control units. It is employed across various vehicle categories, including luxury, mid-size, and economy, and finds applications in powertrain, infotainment and communication, body control and comfort, as well as safety and advanced driver assistance systems.

The automotive communication technology market research report is one of a series of new reports from The Business Research Company that provides automotive communication technology market statistics, including automotive communication technology industry global market size, regional shares, competitors with an automotive communication technology market share, detailed automotive communication technology market segments, market trends and opportunities, and any further data you may need to thrive in the automotive communication technology industry. This automotive communication technology market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive communication technology market size has grown rapidly in recent years. It will grow from $11.13 billion in 2023 to $12.86 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth observed during the historic period can be attributed to several factors such as widespread adoption of controller area network (CAN), efficient real-time control and data exchange between electronic control units in vehicles, and rising demand for communication technology in automotive industry.

The automotive communication technology market size is expected to see rapid growth in the next few years. It will grow to $23.09 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to proliferation of connected and autonomous vehicles, increasing demand for communication technology, integration of 5g connectivity for faster and more reliable communication between vehicles and infrastructure, expansion of edge computing capabilities to support real-time data processing in automotive applications, growing emphasis on cybersecurity solutions to protect connected vehicles from cyber threats, rise of electric vehicles (EVS) driving demand for communication technology to support battery management and charging infrastructure. Major trends in the forecast period include shift towards centralized vehicle architectures to streamline communication and reduce complexity, increasing use of OTA (over-the-air) updates for software and firmware upgrades in vehicles, emergence of vehicle-to-everything (v2x) communication for enhanced safety and efficiency on the road, adoption of ai (artificial intelligence) and machine learning for predictive maintenance and personalized driving experiences, integration of blockchain technology for secure and transparent data sharing in automotive ecosystems.

The surging demand for connected cars is anticipated to drive the expansion of the automotive communication technology market in the coming years. Connected cars, characterized by their integration of internet connectivity and communication technologies, facilitate interaction with other vehicles, infrastructure, and external networks. This heightened demand stems from the introduction of innovative safety enhancements, growing consumer interest, perceived value, and environmental considerations. Automotive communication technology plays a pivotal role in connected cars, enabling seamless connectivity, data exchange, and integration of functionalities to enrich the driving experience, bolster safety, and enhance convenience. For instance, as per the Otonomo Report in March 2022, the number of connected vehicles on roads is projected to surge from approximately 237 million in 2021 to surpass 400 million by 2025. Consequently, the escalating demand for connected cars emerges as a driving force propelling the growth trajectory of the automotive communication technology market.

Leading enterprises in the automotive communication technology market are directing their efforts towards cultivating innovative facilities, such as centers of excellence, to maintain relevance, competitiveness, and adaptability to the shifting landscape of consumer demands and regulatory mandates. These facilities serve as pivotal hubs redefining benchmarks for innovation and customer satisfaction, thereby reshaping the standards for intelligent communications within the automotive sector. For instance, in February 2024, CallRevu LLC, a prominent US-based software company, inaugurated a center of excellence (COE) dedicated to the automotive communication technology realm, aimed at setting new standards for innovation and customer satisfaction. This initiative showcases cutting-edge features including an AI training prototype, heightened security measures, operational efficiency enhancements, innovative solutions, accessibility and inclusivity initiatives, and robust data analytics capabilities. It underscores CallRevu's unwavering commitment to integrating advanced technology with strategic partnerships, advocating for a tech-agnostic approach prioritizing the delivery of high-quality, scalable, and pertinent solutions to the market.

In February 2021, Harman International strengthened its position in the automotive technology sector through the acquisition of Savari, Inc. This undisclosed acquisition is expected to bolster Harman International's leadership in connected technologies for automotive applications and accelerate the development of advanced mobility solutions. Savari Inc., known for its expertise in vehicle-to-everything communications (V2X) technology, further enhances Harman International's capabilities in automotive communication technology, positioning the company for continued success in the evolving automotive landscape.

Major companies operating in the automotive communication technology market are Huawei Technologies Co. Ltd, Hitachi Ltd, Siemens AG, General Electric Company, Schneider Electric Inc., Honeywell International, Inc., ABB Ltd, Emerson Electric Co., Enbridge Inc., The Williams Companies, Inc., Wipro Enterprices (P) Ltd, Rockwell Automation Inc., Xylem Inc., Moxa Technologies, Targa Resources Corp., KROHNE Group, BRUGG Group AG, ORBCOMM, PSI Software, Optasense, Microflex, LLC, Pure Technologies Ltd, Necon Group, Sensornet, Open Access Technology International Inc.

Asia-Pacific was the largest region in the automotive communication technology market in 2023. The regions covered in the automotive communication technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive communication technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive communication technology market consists of revenues earned by entities by providing services such as telematics services, connected car services, vehicle-to-everything (V2X) communication solutions, cybersecurity solutions, and predictive maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive communication technology market also includes sales of infotainment systems, sensors, electronic displays, security module services, and communication protocols. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Bus Module: Controller Area Network (CAN); Local Interconnect Network (LIN); Media-Oriented Systems Transport (MOST); FlexRay; Ethernet
2) By Vehicle Class: Luxury; Mid-Size; Economy
3) By Application: Powertrain; Infotainment Ans Communication; Body Control And Comfort; Safety And Advanced Driver Assistance System
Covering: Huawei Technologies Co. Ltd; Hitachi Ltd; Siemens AG; General Electric Company; Schneider Electric Inc.

Product Code: r17285

1. Executive Summary

2. Automotive Communication Technology Market Characteristics

3. Automotive Communication Technology Market Trends And Strategies

4. Automotive Communication Technology Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Automotive Communication Technology Market Size and Growth

5.1. Global Automotive Communication Technology Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Automotive Communication Technology Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automotive Communication Technology Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Automotive Communication Technology Market Segmentation

6.1. Global Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Controller Area Network (CAN)
Local Interconnect Network (LIN)
Media-Oriented Systems Transport (MOST)
FlexRay
Ethernet
6.2. Global Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Luxury
Mid-Size
Economy
6.3. Global Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Powertrain
Infotainment Ans Communication
Body Control And Comfort
Safety And Advanced Driver Assistance System

7. Automotive Communication Technology Market Regional And Country Analysis

7.1. Global Automotive Communication Technology Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automotive Communication Technology Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Automotive Communication Technology Market

8.1. Asia-Pacific Automotive Communication Technology Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Automotive Communication Technology Market

9.1. China Automotive Communication Technology Market Overview
9.2. China Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Automotive Communication Technology Market

10.1. India Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Automotive Communication Technology Market

11.1. Japan Automotive Communication Technology Market Overview
11.2. Japan Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Automotive Communication Technology Market

12.1. Australia Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Automotive Communication Technology Market

13.1. Indonesia Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Automotive Communication Technology Market

14.1. South Korea Automotive Communication Technology Market Overview
14.2. South Korea Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Automotive Communication Technology Market

15.1. Western Europe Automotive Communication Technology Market Overview
15.2. Western Europe Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Automotive Communication Technology Market

16.1. UK Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Automotive Communication Technology Market

17.1. Germany Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Automotive Communication Technology Market

18.1. France Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Automotive Communication Technology Market

19.1. Italy Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Automotive Communication Technology Market

20.1. Spain Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Automotive Communication Technology Market

21.1. Eastern Europe Automotive Communication Technology Market Overview
21.2. Eastern Europe Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Automotive Communication Technology Market

22.1. Russia Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Automotive Communication Technology Market

23.1. North America Automotive Communication Technology Market Overview
23.2. North America Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Automotive Communication Technology Market

24.1. USA Automotive Communication Technology Market Overview
24.2. USA Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Automotive Communication Technology Market

25.1. Canada Automotive Communication Technology Market Overview
25.2. Canada Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Automotive Communication Technology Market

26.1. South America Automotive Communication Technology Market Overview
26.2. South America Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Automotive Communication Technology Market

27.1. Brazil Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Automotive Communication Technology Market

28.1. Middle East Automotive Communication Technology Market Overview
28.2. Middle East Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Automotive Communication Technology Market

29.1. Africa Automotive Communication Technology Market Overview
29.2. Africa Automotive Communication Technology Market, Segmentation By Bus Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automotive Communication Technology Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automotive Communication Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Automotive Communication Technology Market Competitive Landscape And Company Profiles

30.1. Automotive Communication Technology Market Competitive Landscape
30.2. Automotive Communication Technology Market Company Profiles
- 30.2.1. Huawei Technologies Co. Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Hitachi Ltd
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Siemens AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. General Electric Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Schneider Electric Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Automotive Communication Technology Market Other Major And Innovative Companies

31.1. Honeywell International, Inc.
31.2. ABB Ltd
31.3. Emerson Electric Co.
31.4. Enbridge Inc.
31.5. The Williams Companies, Inc.
31.6. Wipro Enterprises (P) Ltd
31.7. Rockwell Automation Inc.
31.8. Xylem Inc.
31.9. Moxa Technologies
31.10. Targa Resources Corp.
31.11. KROHNE Group
31.12. BRUGG Group AG
31.13. ORBCOMM
31.14. PSI Software
31.15. Optasense

32. Global Automotive Communication Technology Market Competitive Benchmarking

33. Global Automotive Communication Technology Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automotive Communication Technology Market

35. Automotive Communication Technology Market Future Outlook and Potential Analysis

35.1 Automotive Communication Technology Market In 2028 - Countries Offering Most New Opportunities
35.2 Automotive Communication Technology Market In 2028 - Segments Offering Most New Opportunities
35.3 Automotive Communication Technology Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer