Growing safety systems, such as air bags, seat belts, anti-lock braking systems (ABS), blind spot detection (BSD), electronic stability control (ECS), lane change assist (LCA) and adaptive cruise control (ACC) along with others. The data communication networks are being used in cars as well due to the mounting number of electronics in cars. Transceivers are used to send and receive digital signals between various electronic appliances in order to converse with the electronic control unit (ECU) of the car. The global automotive communication technology market is anticipated to grow at substantial CAGR above 15% throughout the forecast period. Furthermore, Market players are primarily focusing on developing new innovative technologies that will supplement growth of the automotive communication technology market.
Amplified demand for transceivers in modern vehicles, growing need for superior networking and communication, increasing adoption of advanced driver assistance system (ADAS), rising use of radar technologies in automotive applications and ever increasing safety regulations are some of the fundamental factors that are driving the global automotive communication technology market growth globally. Amplified demand for transceivers in modern vehicles is responsible for the data exchange between the related systems and control units. The rising deployment of electronic systems and ECUs in automobiles due to the growing need for improved networking and communication between these systems is boosting the growth of automotive communication technology market globally. The escalating electric vehicle industry is the major factor that is responsible for the growth of the global market. Factors such as improved vehicle safety in order to help road fatalities reduction, growing popularity of connected and advanced mobility solutions and strict carbon dioxide emission policies are propelling the growth of the market. Additionally, automotive manufacturers are focusing on developing the application specific ECUs, thereby increasing the demand for automotive communication technology. Market players are primarily focusing on developing new innovative technologies that will supplement growth of the automotive communication technology market. However, growing complexities of electronic system may hinder the growth of the global automotive communication technology market.
Automotive Communication Technology Market, By Bus Module
Automotive Communication Technology Market, By Vehicle Class
Automotive Communication Technology Market, By Distribution Channel
Automotive Communication Technology Market, By Application
Global Automotive communication technology Market, by Geography
The market research study on “Automotive Communication Technology Market (By Bus Module: Local Interconnect Network (LIN), Controller Area Network (CAN), FlexRay, Media-oriented Systems Transport (MOST), Ethernet; By Vehicle Class: Economy, Mid-Sized, Luxury; By Distribution Channel: OEM, Distributors; By Application: Powertrain, Body and Comfort Electronics, Infotainment and Communication, Safety and ADAS, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insights on global automotive communication technology market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive communication technology market by bus module, vehicle class, distribution channel, application and major geographic regions. The report also covers basic technology development policies.
The global automotive communication technology market is characterized by the presence of experienced and established players. Some of the key players include NXP Semiconductor, Intel, Vector Informatik, Continental, On Semiconductor, Broadcom, Qualcomm, Microchip, Robert Bosch, Renesas, Elmos Semiconductor, STMicroelectronics, Xilinx, Melexis, Infineon, Texas Instruments and Cypress Semiconductor.