Dublin, July 05, 2019 (GLOBE NEWSWIRE) -- The "Automotive Ethernet Market by Component (Hardware, Software, and Services), Bandwidth, Application, Vehicle Type (Passenger Cars, Commercial Vehicles, and Farming and Off-highway Vehicles), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global automotive Ethernet market is at its nascent stage, and its market size is expected to grow from USD 1,635 million in 2019 to USD 4,367 million by 2024, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period.
The automotive Ethernet market is segmented by component (hardware, software, and services), bandwidth, application, vehicle type, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the automotive Ethernet market.
Rise in the deployment of Advanced Driver Assistance Systems (ADAS) and infotainment systems to drive the automotive Ethernet market
Major factors expected to drive the growth of the automotive Ethernet market include increasing demand for higher bandwidth, rise in deployment of ADAS and infotainment systems, rising vehicle production, and growing demand for passenger and safety and convenience. However, interoperability among components and application compatibility could pose challenges to market growth.
By component, the hardware segment to account for a higher market share during the forecast period
Automotive Ethernet provides connectivity for various automotive applications such as powertrain, chassis, body and comfort, ADAS, and infotainment systems. It supports high bandwidth applications operating at high or low speed. Moreover, it also reduces cable and labor cost by simplifying the network complexities that includes configuration, management, and optimization aligned with in-vehicle networks. Increase in demand for ADAS and infotainment systems have propelled automotive Original Equipment Manufacturers (OEMs) to adopt Ethernet hardware components. Ethernet offers a range of benefits, including higher bandwidth, scalability, speed, and low latency.
By application, the infotainment segment to grow at the highest CAGR during the forecast period
Infotainment and Human Machine Interface (HMI) sensor communicate with other domains within the vehicle. This requires higher bandwidth, secure connectivity, and low latency. Therefore, Ethernet adoption in vehicles for the infotainment systems is growing exponentially over the last few years.
Ethernet offers all the features and functionalities that help the infotainment system to function smoothly. Innovative and high-quality infotainment technologies enhance the driving experience as well as the attractiveness of a vehicle. The integration of personal mobile devices and web-based services can also enhance the vehicle's safety aspect. Automotive infotainment is one of the fastest-growing technologies in the market
Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
The market in APAC is projected to grow at the highest CAGR during the forecast period. APAC is expected to be the fastest-growing market by volume for the automotive Ethernet technology. One of the key factors driving the growth of the market in APAC is the increased production of passenger cars. China, Japan, South Korea, and India are considered as manufacturing hubs for the automotive industry.
According to the Organisation Internationale des Constructeurs d'Automobiles (OICA) vehicle production data, China, Japan, India, and South Korea together produced more than 46 million vehicles in 2018. With an increase in the production of vehicles, the demand for in-vehicle networking component is expected to increase during the forecast period. This, in turn, is expected to drive the growth of the automotive Ethernet market in the region.
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Breakup of Primaries
2.1.2 Key Industry Insights
2.1.3 Market Breakup and Data Triangulation
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Market Forecast
2.4 Competitive Leadership Mapping
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Global Automotive Ethernet Market
4.2 Market By Vehicle Type, 2019
4.3 Market in North America, By Component and Vehicle Type
4.4 Market in Europe, By Component and Vehicle Type
4.5 Market in Asia Pacific, By Component and Vehicle Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Adoption of Low-Cost Ethernet Technology Among Automotive Manufacturers
5.2.1.2 Rise in Demand for Infotainment and Advanced Driver-Assistance Systems
5.2.1.3 Significant Advancements in Ethernet Technology
5.2.1.4 Growing Demand for Advanced Safety and Passenger Convenience
5.2.2 Restraints
5.2.2.1 Intricacy in Migration From Traditional In-Vehicle Connectivity Technologies to Ethernet
5.2.3 Opportunities
5.2.3.1 Emergence of Connected Cars
5.2.3.2 Advent of Autonomous Vehicles
5.2.3.3 Growth in Vehicle Production
5.2.4 Challenges
5.2.4.1 Interoperability Among Components and Application Computability
5.2.4.2 Proliferation of Security Attacks
5.3 Market Evolution of Automotive Electronics
5.4 Market Trends
5.4.1 Key Safety and Driver Assistant System Regulations
5.4.2 Emergence of Autonomous and Connected Cars
5.4.3 Rise in Sales of Premium Vehicles
5.5 In-Vehicle Connectivity Standard
5.5.1 Controller Area Network
5.5.2 Local Interconnect Network
5.5.3 Flexray
5.5.4 Radio-Frequency
5.5.5 Ethernet
5.5.6 Media Oriented Systems Transport
5.6 Enabling Technologies for In-Vehicle Connectivity
6 Automotive Ethernet Market By Component
6.1 Introduction
6.2 Hardware
6.2.1 Need for Higher Bandwidth to Drive Hardware Segment
6.3 Software
6.3.1 Simplifying Increasing Complexities in the In-Vehicle Network to Drive the Software Segment
6.4 Services
6.4.1 Consulting
6.4.1.1 Automotive Oems to Adopt Consulting Services for Simplifying In-Vehicle Network Complexities
6.4.2 Implementation
6.4.2.1 In-Car Network Optimization to Drive Demand for Implementation Services
6.4.3 Training and Support
6.4.3.1 Complexities While Implementing Ethernet to Bolster Adoption of Training and Support Services
7 Automotive Ethernet Market By Bandwidth
7.1 Introduction
7.2 10Mbps
7.2.1 Limited Application Areas Within 10Mbps Bandwidth to Affect the Market Growth
7.3 100Mbps
7.3.1 Need for Higher Bandwidth to Drive 100Mbps Ethernet Segment
7.4 1Gbps
7.4.1 Premium Car Segment to be the Major Adopter for 1Gbps Data Rate
7.5 2.5/5/10Gbps
7.5.1 Emergence of Connected Car and Autonomous Vehicle to Drive the Market Growth
8 Automotive Ethernet Market By Vehicle Type
8.1 Introduction
8.2 Passenger Cars
8.2.1 Rise in Production of Premium Cars to Drive Market
8.3 Commercial Vehicles
8.3.1 Rise in Production Commercial Vehicles to Drive the Market
8.4 Farming and Off-Highway Vehicles
8.4.1 Rapid Technology Adoption in Farming and Off-Highway Segment to Drive Market
9 Automotive Ethernet Market By Application
9.1 Introduction
9.2 Advanced Driver Assistance Systems
9.2.1 Need of Higher Bandwidth to Boost Implementation of Ethernet
9.3 Infotainment
9.3.1 Need of Higher Bandwidth and Low Latency to Increase Adoption of Ethernet in Infotainment Systems
9.4 Powertrain
9.4.1 High Power and Efficiency to Drive Adoption of Ethernet in Powertrain Application
9.5 Body and Comfort
9.5.1 Delivering Enhanced Customer Experience to Drive Ethernet Adoption in Body and Comfort Segment
9.6 Chassis
9.6.1 Requirement of Low Latency to Drive Ethernet Adoption
10 Automotive Ethernet Market By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Prominence of Connected Car and Autonomous Vehicle to Drive Adoption of Ethernet in the US
10.2.2 Canada
10.2.2.1 Growth in Production of Commercial Vehicle to Drive the Market in Canada
10.3 Europe
10.3.1 Germany
10.3.1.1 Presence of Various Luxury Car Manufacturers to Bolster Market in Germany
10.3.2 United Kingdom
10.3.2.1 Rise in Production of Passenger Cars to Drive Ethernet Adoption in the United Kingdom
10.3.3 France
10.3.3.1 Proliferation of Infotainment System Across Premium Cars to Drive Faster Adoption of Ethernet Technology in France
10.3.4 Spain
10.3.4.1 Passenger Cars to Drive the Market in Spain
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Presence of Big Automotive Oems to Drive the Market in China
10.4.2 Japan
10.4.2.1 Increasing Demand for Ethernet Technology Across Premium Cars to Drive the Market in Japan
10.4.3 South Korea
10.4.3.1 Safety, Comfort, and Stability Factors to Drive Ethernet Adoption in South Korea
10.4.4 India
10.4.4.1 Increase in Volume of Passenger and Commercial Vehicles to Bolster the Market in India
10.4.5 Rest of Asia Pacific
10.5 Rest of the World
10.5.1 Mexico
10.5.1.1 Growth in Production of Commercial Vehicles to Boost Ethernet Adoption in Mexico
10.5.2 Brazil
10.5.2.1 Rise in Production of Passenger Cars to Drive the Market in Brazil
10.5.3 Others
11 Company Profiles
11.1 Broadcom
11.1.1 Business Overview
11.1.2 Products and Services Offered
11.1.3 Recent Developments
11.2 NXP
11.3 Marvell
11.4 Microchip
11.5 Molex
11.6 Texas Instruments
11.7 Cadence
11.8 TTTech Auto
11.9 System-On-Chip Engineering S.L. (SoC-E)
11.10 Vector Informatik
11.11 Dryv.iv
11.12 AllGo Embedded Systems
11.13 DASAN Networks
11.14 NEXCOM
11.15 ACTIA
11.16 Excelfore
11.17 Xilinx
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