The Automotive Ethernet market is booming because of rising demand for infotainment system, due to which the market is expected to grow at a CAGR of 24.5% from 2024 to 2033

Market Research Future (MRFR) has published on the “Global Automotive Ethernet Market”.

Automotive infotainment is a rapidly evolving technology in the vehicle industry. With the advancement of smartphone technology, it is expected that the growth trend will continue during the projection period. As the need for more personalized automobiles grows worldwide, the infotainment systems market will play a crucial role in making vehicles more personalized, owing to the increasing demand for safety and comfort.

Automotive Ethernet Market Highlights

Moreover, the car is becoming an addition of its owner's digital lifestyle due to the increasingly sophisticated infotainment systems. In fact, consumers are starting to see infotainment systems as a game-changer. At the same time, government-mandated safety equipment like reversing cameras add to the demand for efficient, dependable, and quick data transmission. Furthermore, there is a growing need for efficient, dependable, and fast connections due to the car's growing data consumption.

In addition, the automotive ethernet network is boosted by rising demand for in-vehicle infotainment (IVI) systems, which is driven by consumers' need for seamless connectivity and multimedia experiences while driving. This requirement necessitates the use of high-bandwidth networks such as Ethernet to efficiently provide sophisticated IVI functionality. As a result, the market is experiencing rapid expansion, driven by demand to match the evolving requirements of modern car occupants for greater connection and entertainment alternatives.

Thus, the growth of the automotive sector, along with rising consumer inclination towards an entertaining driving experience, rise in compact passenger car sales, and increasing demand for vehicle customization among youngsters, are some of the factors that drive the growth of the infotainment equipment in the automotive industry serve as a catalyst for the growth of the global automotive ethernet market during the forecast period.

Market Research Future (MRFR) has published a cooked research report on the “Automotive Ethernet market” that contains information from 2019 to 2033. The Automotive Ethernet market is estimated to register a CAGR of 24.5% during the forecast period of 2024 to 2033.

MRFR recognizes the following companies as the key players in the Automotive Ethernet market -

Broadcom Inc., NXP Semiconductors N.V., Marvell Technology Group ltd, Microchip Technology Inc., Texas Instruments Incorporated, Cadence Design System Inc., TTTech Auto, Xilinx, Inc., TE Connectivity Ltd., Toshiba Corporation, Keysight Technologies Inc., Realtek Semiconductor Corp., Rohde & Schwarz GmbH & Co KG, Infineon Technologies AG, Tektronix Inc (Tektronix).

Access full report @ https://www.marketresearchfuture.com/reports/automotive-ethernet-market-21944

Market Highlights

The Automotive Ethernet market is accounted for to register a CAGR of 24.5% during the forecast period and is estimated to reach USD 19,057.9 million by 2033.

The global market for automotive ethernet is witnessing a significant growth rate driven by various factors, such as rising demand for connected cars, rising demand for infotainment system and standardization and interoperability of automotive ethernet technology. However, high installation cost and complexities of integrating automotive ethernet into existing infrastructure impeding the market growth. Nevertheless, the market is poised for significant growth opportunities, such as advancement in software-defined vehicles and shift towards cloud-based services.

Segment Analysis

Based on Type, the global Automotive Ethernet market has been segmented into Automotive Ethernet Network, and Automotive Ethernet Testing. Among Type, the Automotive Ethernet Network is anticipated to dominate the market.

Based on Component, the global Automotive Ethernet market has been segmented into Hardware, Software, and Services. Among Components, Hardware is anticipated to dominate the market in 2023.

Based on Bandwidth, the global Automotive Ethernet market has been segmented into 10 Mbps, 100 Mbps, 1 Gbps, 2.5/5/10 Gbps. Among bandwidth, the 1 Gbps is anticipated to dominate the market in 2023.

Based on Application, the global Automotive Ethernet market has been segmented into Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Chassis, and Body and Comfort. Among Application, Advanced Driver Assistance Systems (ADAS) is anticipated to dominate the market. Based on Vehicle Type, the global Automotive Ethernet market has been segmented into Passenger Cars, Commercial Vehicles, and Others. Among Vehicle types, the Passenger Cars dominated the market in 2023.

Regional Analysis

Based on Region, the global HDR (High Dynamic Range) Video Camera is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The Automotive Ethernet market in the APAC region is witnessing significant growth and development, with key countries such as China, Japan, South Korea, India, and the rest of APAC at the forefront of this transformation.

North America is growing due to more use of ethernet in ADAS and self-driving cars, improving data speed and reliability. Companies like Tesla, GM, and Ford are spending a lot on ethernet for vehicle communication, helping the automotive industry. The United States plays a big role in automotive ethernet, driven by tech advances and the need for strong communication networks.

Canada sees rising popularity of EVs and self-driving tech, with automotive ethernet crucial for high bandwidth and low latency needs. Stringent safety and emission regulations push automakers to use ethernet for efficient vehicle communication. North America's strong technological infrastructure and top ethernet solution providers support widespread automotive ethernet implementation.

In Europe, strict safety standards and a thriving connected vehicle market drive automotive ethernet growth. Key players like NXP Semiconductors, Spirent Communications, and Rohde & Schwarz continually develop ethernet solutions. For instance, Spirent Communications launched the M1 appliance for automotive ethernet testing in February 2023. Infineon Technologies collaborates with Continental AG for advanced vehicle architecture development.

The Middle East & Africa and South America show increasing interest in connected vehicles. The UAE's luxury car market embraces modern technologies, while Saudi Arabia promotes local car manufacturing and adopts connected vehicle technologies. South Africa leads in integrating connection technologies into automobiles, boosting demand for automotive ethernet.

Key Findings of the Study

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  The global automotive ethernet market is expected to reach USD 19,057.9 Million by 2033, growing at a CAGR of 24.5% from 2024 to 2033.

  
  


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  Based on component the market is segmented into Hardware, software, and services. Hardware led with USD 1,127.5 Million in 2023, projected to grow at a CAGR of 27.4% during the forecast period.

  
  


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  Based on Bandwidth the market is segmented into 10 Mbps, 100 Mbps, 1 Gbps, and 2.5/5/10 Gbps. 1 Gbps accounted for USD 921.2 Million in 2023, growing at a CAGR of 25.2%.

  
  


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  Based on Application the market is segmented into ADAS, infotainment, powertrain, chassis, and body and comfort systems. ADAS led with USD 852.5 Million in 2023, projected to grow at a CAGR of 27.8%.

  
  


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  Based on Vehicle Type the market is segmented into passenger cars and commercial vehicles. Passenger cars led with USD 1,637.0 Million in 2023, growing at a CAGR of 25.9%.

  
  


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  Among regions, Asia-Pacific held the largest market share with USD 1,155.4 Million in 2023, growing at a CAGR of 26.2%.

  
  


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  Major players operating in the market include Broadcom Inc., Marvell Technology Group Ltd., Microchip Technology Inc., NXP Semiconductors N.V., and Texas Instruments Incorporated.