Automotive Ethernet Market size worth $ 8.13 Billion, Globally, by 2028 at 21.61% CAGR: Verified Market Research®

The Automotive Ethernet Market growth can be attributed to the application of Advanced Driver Assistant Systems (ADAS), infotainment, development of driverless vehicles, and the low cost of Ethernet, along with development of a connected car.

JERSEY CITY, N.J., March 23, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Automotive Ethernet Market" By Type (Automotive Ethernet Network, Automotive Ethernet Testing), By Component (Hardware, Software, Services), By Application (Infotainment, Powertrain), and By Geography. According to Verified Market Research, the Global Automotive Ethernet Market size was valued at USD 1.70 Billion in 2020 and is projected to reach USD 8.13 Billion by 2028, growing at a CAGR of 21.61% from 2021 to 2028.

Download PDF Brochure:

https://www.verifiedmarketresearch.com/download-sample/?rid=221390

Browse in-depth TOC on "Automotive Ethernet Market"

202 - Pages
126 – Tables
37 – Figures

Global Automotive Ethernet Market Overview

The expansion of electric vehicles (EVs) has been promising all around the world in recent years. Automobile manufacturers have made major expenditures in electric vehicle development. The government has made several steps to speed up the manufacture of electric vehicles for both the consumer and business markets. The advancement of technology and the development of the complete ecosystem, including advancements in chipsets and modules, the availability of lithium-ion batteries, and the upgrading of charging infrastructure, have fueled the global adoption of electric vehicles. In a casing, the primary forces promoting EV manufacturing are technological improvements, government policies, consumer economic growth, and OEM expenditures. Automotive Ethernet provides connectivity for powertrain, chassis, body and comfort, ADAS, and infotainment systems, among other applications.

It tackles the issues that designers and engineers encounter when integrating multiple systems by providing high bandwidth applications that can run at high or low speeds. The growing bandwidth available for in-vehicle data connections has fueled the market for ethernet installations. Migration from existing in-vehicle communication systems to Ethernet is difficult which may hinder market expansion. The adjustment of high-bandwidth Ethernet allows connected car and IoT application developers to create high-bandwidth apps. The expansion of these applications is likely to drive up demand for high-bandwidth connectivity for vehicle computer systems.

Key Developments

• In March 2019, BCM8956X is a new family of automobile multilayer Ethernet switches by Broadcom. This device will assist the organization in meeting its rising bandwidth, security, and Time-Sensitive Networking requirements (TSN).
• On May 2019, Marvell purchased Aquantia, a Multi-Gig Ethernet connectivity provider to strengthen its position in the multi-Gig 2.5G/5G/10G Ethernet markets.
• In January 2019, Molex has partnered up with AllGo to offer more versatile infotainment and connectivity solutions to automakers.

Key Players

The major players in the market are Broadcom, Marvell, Microchip Technology Inc., Texas Instruments Inc., Cadence Design Systems, Inc., Xilinx, Inc., TE Connectivity, Ltd., Toshiba Corporation, ACTIA Group, and NXP Semiconductors NV.

Verified Market Research has segmented the Global Automotive Ethernet Market On the basis of Type, Component, Application, and Geography.

• Automotive Ethernet Market, By Type
• Automotive Ethernet Network
• Automotive Ethernet Testing
• Automotive Ethernet Market, By Component
• Hardware
• Software
• Services
• Automotive Ethernet Market, By Application
• Advanced Driver Assistance Systems (ADAS)
• Infotainment
• Powertrain
• Body and Comfort
• Chassis
• Automotive Ethernet Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Ethernet Switch And Routers Market By Product (Ethernet Switches and Routers), By Application (Data Centers, Carrier Ethernet), By Geography, Forecast, 2021-2028

Industrial Automation Cable Market By Type (Industrial Ethernet Cables, Control Cables, PROFIBUS Bus Cables), By Application (Automotive Assembly Equipment, Control and Monitoring Systems, PLC Controlled Equipment), By Geography, Forecast, 2021-2028

IoT Connectivity Market By Product (Data Management, Remote Monitoring, Real-time Flow Analysis), By Application (Smart Manufacturing, Connected Health, Smart Retail), By Geography, Forecast, 2021-2028

Optical Interconnect Market By Fiber Mode (Single-Mode Fiber, Multimode Fiber), By Data Rate (Less than 10 Gbps, 11 to 40 Gbps, 41 to 100 Gbps), By Geography, Forecast, 2021-2028

Top 10 Cable Assembly Companies solving global challenges with great panache

Visualize Automotive Ethernet Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg