Global Automotive Ethernet Market to Grow at a CAGR of 22.3% During 2024-2032, Driven by the Rising Demand for Autonomous Vehicles

Automotive ethernet is a high-speed, low-latency network physical layer designed to transfer high volumes of data between in-vehicle modules. It supports modern vehicle components, such as powertrain, infotainment, Advanced Driver Assistance Systems (ADAS), and comfort systems, which, in turn, aids the automotive ethernet market growth. Different automotive ethernet standards, such as 100BASE-T1, 1000BASE-T1, and multi-gig automotive ethernet 10GBASE-T1, can transfer data at speeds from 100 Mb/s to 10 Gb/s.

The autonomous driving trend is increasing the demand for advanced functionalities, such as driver assistance and automation, infotainment options, high-speed V2V and V2I communications, 360° camera systems, and a wide range of essential safety features. The new features and technologies are increasing the demand for robust automotive ethernet systems. The demand for autonomous vehicles is also driven by the need for safe driving, reduced fuel consumption, and environmental impact of vehicles.

The major players in the market are continuously investing in research to develop automotive ethernet technologies to help their customers design next-generation software-defined vehicles. In June 2023, Marvell Technology, Inc. (NASDAQ: MRVL), headquartered in the United States of America and a leader in data infrastructure semiconductor solutions, launched the Brightlane Q622x family of central Automotive Ethernet switches.  The highest capacity switches are designed to enable computing architectures to enhance safety and deliver software-defined services for the next generation of automobiles.

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Market Breakup by Component, Bandwidth, Vehicle Type, Application, and Region:

• The market is segmented based on component into hardware, software, and services.

• By bandwidth, the market is segmented into 10Mbps, 100Mbps, 1Gbps, and 2.5/5/10Gbps.

• By vehicle type, the market is segmented into passenger cars, commercial vehicles, and farming and off-highway vehicles, among others.

• By application, the market is segmented into advanced driver assistance systems, infotainment, powertrain, body and comfort, and chassis.

• Region-wise, the global market for automotive ethernet can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Automotive ethernet offers high-speed and high-volume data communications with low latency for real-time systems like ADAS. Additionally, automotive ethernet can be set up using lightweight, space-efficient, and cost-effective cabling.

• Automotive ethernet can transport data roughly 100 times faster than the Controller Area Network (CAN) bus and is better suited to meet the needs of future automotive networks.

• The rising demand for autonomous vehicles to ensure the safety of drivers and fuel efficiency aids the demand for automotive ethernet.

• The manufacturers are investing in research to develop advanced Ethernet data connectivity systems for commercial vehicles. These systems ensure high-corrosion, dirt and temperature resistance as well as high-speed performance in challenging environments.

Key Offerings of the Report:

• The EMR report gives an overview of the global automotive ethernet market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the application, end use, and major regions of automotive ethernet.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the automotive ethernet market are Cadence Design Systems, Inc., Broadcom Inc., Marvell Technology Group Ltd., Vector Informatik GmbH, TTTech Computertechnik AG, Texas Instruments Inc., Molex, LLC, Microchip Technology Inc., and NXP Semiconductors N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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