Automotive Ethernet Market Size/Share Predicted to Reach USD 9.67 Billion By 2032, at 19.2% CAGR: Polaris Market Research

The global automotive ethernet market share was valued at USD 2.11 billion in 2023 and is anticipated to generate an estimated revenue of USD 9.67 billion by 2032, with a CAGR of 19.2% from 2024 to 2032.

New York, NY, March 13, 2024 (GLOBE NEWSWIRE) — The global automotive ethernet market share was valued at USD 2.11 billion in 2023 and is anticipated to generate an estimated revenue of USD 9.67 billion by 2032, with a CAGR of 19.2% from 2024 to 2032.

Automotive Ethernet Market: Overview

Automotive ethernet is a type of physical network that is mostly utilized for wiring (wired network) connections between vehicle components. Several vital features are provided by automotive ethernet, including in-car communication, Diagnostic Over Internet Protocol (DoIP-based) diagnostics, and the ability to link electric cars to charging stations. Additionally, automotive ethernet dramatically lowers the weight and cost of vehicles as compared to the traditional wiring harness, which boosts the automotive ethernet market growth.

Download Free Sample PDF Copy of the Report: https://www.polarismarketresearch.com/industry-analysis/automotive-ethernet-market/request-for-sample

Key Market Players

  • Aukua Systems
  • Broadcom
  • Cadence Design Systems Inc
  • Keysight Technologies
  • Marvell
  • Microchip Technology Inc
  • Molex Incorporated
  • NXP Semiconductors
  • Texas Instruments Incorporated
  • Toshiba Corporation

Purchase a Full Copy of the Report @ https://www.polarismarketresearch.com/buy/3612/2

Automotive Ethernet Market Details

Report Attributes Details
Market value in 2024 USD 2.37 billion
Market value in 2032 USD 9.67 billion
CAGR 19.2% from 2024 – 2032
Base year 2023
Historical data 2019-2022
Forecast period 2024-2032

Key Takeaways from the Report:

  • The automotive ethernet industry is expanding substantially due to the expanding automotive industry and rising auto manufacturing.
  • The market is expanding due to the growing trend of connected and autonomous vehicles, which is brought about by the development of navigation systems, entertainment systems, advanced driver assistance systems (ADAS), and connection services.
  • The automotive ethernet market analysis is mainly segmented into bandwidth, component, vehicle type, type, application, and region.
  • The Asia Pacific region defeated the market with the largest market share in 2023.

Automotive Ethernet Market Dynamics

Growth Drivers:

  • The automotive ethernet market size is expanding quickly due to the rising need for connected and self-driving cars. For crucial functions like in-car entertainment, real-time sensor connectivity, and advanced driver assistance systems (ADAS), these cars need rapid, dependable data transfer.
  • The auto industry has standardized communication protocols based on ethernet to guarantee compatibility and interoperability among various manufacturers. This standardization makes the widespread adoption of automotive ethernet easier.

Trends:

  • The automotive ethernet market demand is expected to expand as a result of vehicles being equipped with more Advanced Driver Assistance Systems (ADAS). ADAS is a collection of clever technologies designed to make driving safer and more comfortable for drivers.

Restraints:

  • One of the biggest obstacles to the expansion of the automotive ethernet market is the high initial expenses involved, which include hardware, software development, testing, security, and retrofits for older vehicles. The cost of Ethernet components, such as switches, transceivers, and cables, is higher than that of previous systems, which raises the implementation costs overall.

Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/automotive-ethernet-market/inquire-before-buying

(Inquire a report quote OR available discount offers to the sales team before purchase.)


Automotive Ethernet Industry Regional Analysis

The Asia-Pacific region’s automotive industry has experienced a significant transformation due to advancements in technology, steady socio-political circumstances, and noteworthy economic expansion. Asia-Pacific is the region that produces and sells the majority of vehicles globally.

Moreover, the automotive ethernet market in Europe is expanding quickly, and major countries in the sector include Germany, France, Spain, the United Kingdom, and others. This rise is being driven by the automobile industry’s emphasis on technical innovation along with strict safety criteria.

Browse the Detail Report “Automotive Ethernet Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software and Service); By Bandwidth; By Application; By Vehicle Type; By Type; By Region; Segment Forecast, 2024 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/automotive-ethernet-market   

For Additional Information OR Media Enquiry, Please Mail At: sales@polarismarketresearch.com

Polaris Market Research has segmented the automotive ethernet market report based on component, bandwidth, application, vehicle type, type and region:

By Component Outlook

  • Hardware
  • Software
  • Service

By Bandwidth Outlook

  • 2.5/5/10 Gbps
  • 1 Gbps
  • 100 Mbps
  • 10 Mbps

By Application Outlook

  • Infotainment
  • Powertrain
  • Chassis
  • Body and Comfort
  • Advanced Driver Assistance System (ADAS)
  • Others

By Vehicle Type Outlook

  • Commercial Vehicles
  • Passenger Cars

By Type Outlook

  • Automotive Ethernet Network
  • Automotive Ethernet Testing

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea, Australia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Browse More Research Reports:

E-commerce Software Market Size, Share 2024-2032
Mint Essential Oils Market Size, Share 2024-2032
Cloud Security Market Size, Share 2024-2032
Electric Commercial Vehicles Market Size, Share 2024-2032
Healthcare Interoperability Solutions Market Size, Share 2024-2032

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Contact:

Likhil G

30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn Twitter

Blog: https://polarismarketresearch.medium.com

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy