Automotive Gateway Market to Reach $8.4 billion, Globally, by 2032 at 6% CAGR: Allied Market Research

The increase in adoption of Advanced Driver Assistance Systems (ADAS) drives the growth of the automotive gateway market. ADAS includes a range of technologies designed to enhance vehicle safety and improve driving comfort by providing automated assistance to the driver. This trend has gained momentum due to a rise in focus on improving road safety, reduction in accidents, and advancement toward autonomous driving capabilities.

Wilmington, Delaware, July 03, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Automotive Gateway Market by Type (CAN, LIN, FlexRay, and Gigabit Ethernet), Application (Passenger Vehicles and Commercial Vehicles), Technology (Vehicle-to-grid and Vehicle-to-vehicle): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the “automotive gateway market” was valued at $4.6 billion in 2022, and is estimated to reach $8.4 billion by 2032, growing at a CAGR of 6% from 2023 to 2032. 

Prime determinants of growth 

The increase in adoption of Advanced Driver Assistance Systems (ADAS) drives growth of the automotive gateway market. ADAS includes a range of technologies designed to enhance vehicle safety and improve driving comfort by providing automated assistance to the driver. This trend has gained momentum due to a rise in focus on improving road safety, reducing accidents, and advancing toward autonomous driving capabilities. However, technological complexities bring challenges for market growth. Moreover, the growth of the connected car market in the U.S. is propelled by increase in vehicle safety and security norms, alongside the demand for vehicle-to-vehicle (V2V) connectivity technology. As consumers become more reliant on technology in their daily lives, the expectation for seamless connectivity extends to their vehicles, driving the automotive industry toward a future where connectivity is a fundamental aspect of vehicle design and functionality. 

Request Sample of the Report on Automotive Gateway Market Forecast 2032: https://www.alliedmarketresearch.com/request-sample/A323347 

Report Coverage & Details: 

Report Coverage   Details  
Forecast Period   2023–2032  
Base Year   2022  
Market Size In 2022   $4.6 Billion  
Market Size In 2032   $8.4 Billion  
CAGR   6.0%  
No. Of Pages In Report   300  
Segments Covered   Type, Application, Technology, And Region.  
Driver   The Increase In Adoption Of Advanced Driver Assistance Systems  
Opportunity   Surge In Demand For Connected Vehicles  
Restraint   Technological Complexities 

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/automotive-gateway-market-A323347 

The CAN segment to maintain its leadership status throughout the forecast period 

By type, the CAN segment held the highest market share in 2022, accounting for more than half of the global market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the air & sea transport segment is projected to manifest the highest CAGR of 12.1% from 2023 to 2032. 

The commercial vehicle segment to maintain its lead position throughout the forecast period 

By application, the commercial vehicles segment held the highest market share in 2022, accounting for more than four-fifths of the global automotive gateway market revenue and is estimated to maintain its leadership status throughout the forecast period. Moreover, it is the fastest-growing segment and is projected to manifest the highest CAGR of 6.2% from 2023 to 2032. 

The vehicle-to-vehicle segment to maintain its lead position throughout the forecast period 

Based on technology, the vehicle-to-vehicle segment held the highest market share in 2022, accounting for more than four-fifths of the global automotive gateway market revenue and is estimated to maintain its leadership status throughout the forecast period. Furthermore, it is the fastest-growing segment and is projected to manifest the highest CAGR of 6.1% from 2023 to 2032. 

Asia-Pacific to maintain its dominance by 2032 

Asia-Pacific held the highest market share in 2022, accounting for more than half of the global market revenue, and is estimated to maintain its leadership status throughout the forecast period. In addition, the Asia-Pacific region is projected to manifest the highest CAGR of 6.5% from 2023 to 2032.   

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323347 

Leading Market Players:

  • UPFIELD B.V. 
  • KITE HILL 
  • MIYOKO’S CREAMERY 
  • TOFUTTI BRANDS, INC. 
  • TREELINE TREENUT CHEESE COMPANY, LLC. 
  • VTOPIAN ARTISAN CHEESES, LLC 
  • SAPUTO INC. 
  • PARMELA CREAMERY 
  • GOOD PLANET FOODS INC. 
  • NUTS FOR CHEESE 
  • ABOVE FOOD INC. 
  • TYNE CHEASE LIMITED 
  • BEL SA 
  • DANONE S.A. 
  • MAPLE LEAF FOODS, INC.  

The report provides a detailed analysis of these key players in the global automotive gateway market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Browse More Trending Reports 

Luxury Shuttle Bus Market Size, Share, Competitive Landscape and Trend Analysis Report by Seating Capacity, by Propulsion Type and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032 

Automotive Carbon Fiber Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, by Vehicle Type, by Sales Channel, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032 

Asia-Pacific Used Cars Market Size, Share, Competitive Landscape and Trend Analysis Report by Vehicle Type, by Propulsion, by Distribution Channel : Opportunity Analysis and Industry Forecast, 2021-2031 

Retail Logistics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, By Solution, By Mode of Transport : Global Opportunity Analysis and Industry Forecast, 2023-2032 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 
1209 Orange Street, 
Corporation Trust Center, 
Wilmington, New Castle, 
Delaware 19801 USA. 
USA/Canada (Toll Free): 
+1-800-792-5285 
UK: +44-845-528-1300 
Hong Kong: +852-301-84916 
India (Pune): +91-20-66346060 
Fax: +1-800-792-5285 
help@alliedmarketresearch.com 

Web: www.alliedmarketresearch.com 

AMR Resource Center: https://www.alliedmarketresearch.com/resource-center 

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