Automotive Communication Protocol Market to Register 4.21% CAGR in 2021 | Elmos Semiconductor AG offers Quad CAN transceiver, LIN RGB controller, etc.

Did not find what you were looking for ? Customize report-

Don’t miss the opportunity to talk to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in a short period of time.

We offer $1,000 FREE personalization value at time of purchase. Talk to our analyst now!

According to recent Technavio market research, the Automotive Communication Protocols Market should increase by $507.12 million from 2020 to 2025, with an acceleration CAGR of 8.81%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets. APAC will register the highest growth rate of 59% among other regions.

Download a FREE sample: for additional information on key APAC countries

Overview of Suppliers-

The automotive communication protocols market is fragmentedand vendors are deploying growth strategies such as focusing on delivering products through multiple distribution channels to compete in the market.

Elmos Semiconductor AG – The company offers automotive communication protocols such as Quad CAN Transceiver, LIN RGB Controller, LIN transceiverand System Core Chip, and others.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

Automotive Communication Protocols Market Share Growth in APAC will be significant during the forecast period. China and Japan are the major markets for automotive communication protocols in APAC. Market growth in Asia-Pacific will be faster than market growth in other regions. The mass adoption of vehicles will facilitate the growth of the automotive communication protocols market in the APAC region over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market-

  • Automotive Communication Protocols Market Driver:
    • Increase vehicle electrification:

The electrification of vehicles has increased the use of automotive sensors. Upgrading of automotive electronics and developments in automotive engines have been made with the addition of modern technologies in vehicles. Technological advancements are incorporated into several applications such as infotainment systems, heating, ventilation, and air conditioning (HVAC) systems, and several other electronic system applications. Advances in technology and their increasing adoption by end users will drive the installation of electronic content in cars and commercial vehicles.

  • Automotive Communication Protocols Market Trend:
    • Use of Ethernet to lay the vehicle backbone network:

Address-based messaging is one of the features of Ethernet, making it a strong contender to use for vehicle backbone networks. In address-based messaging, each data packet is attached to a source address and a destination address. This is used by switches in an Ethernet network to send data packets to the appropriate destination in the network. Once the switches are installed, they can perform the same process without any software upgrades in the event of a network altercation. Any number of devices can be added to the network, as long as there are empty ports in the switches. Indeed, many switches can be interconnected, thus increasing the capacity of the network. This is the main reason why many manufacturers develop a vehicle backbone using Ethernet.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

Related Reports –
Automotive Antenna Module Market –The automotive antenna module market share is expected to grow USD 525.67 million from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 8%. Download a free sample now!

Automotive Audio Speakers Market –The automotive audio speaker market has a growth potential of USD 6.38 billion during the period 2021-2025, and the growth momentum of the market will accelerate at a CAGR of 7.29%. Download a free sample now!

Automotive Communication Protocols Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 8.81%

Market Growth 2021-2025

$507.12 million

Market structure

Fragmented

Annual growth (%)

4.21

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC 59%

Main consumer countries

China, United States, Germany, Japan and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Elmos Semiconductor AG, Infineon Technologies AG, Melexis NV, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, Texas Instruments Inc. and Xilinx Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio


Source link