PORTLAND, Oregon, May 30, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Automotive Transceivers Market by Protocol (CAN, LIN, FlexRay, and Others), Application (Safety, Body Control Module, Chassis, Powertrain, Steering wheel, Engine/Climate, Door/Seat, Wheel Node, X-by-wire Master, and Others), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2018–2025". According to the report, global automotive transceivers market accounted for $4.43 billion in 2017 and is expected to garner $7.19 billion by 2025, registering a CAGR of 6.2% from 2018 to 2025.
Rise in demand for economical and luxury vehicles due to rise in disposable income of the consumers, increase in demand for advanced, comfort, and convenience feature in vehicles, stringent government regulations toward automotive safety norms, and rising electronic integration in automotive are the major drivers of the global automotive transceivers market. However, increasing electronic system complexities hampers the market growth. On the contrary, the rising popularity of autonomous vehicles and trend of connected car devices are expected to create lucrative opportunities in the near future.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5270
LIN protocol segment dominates the market
The LIN protocol segment held the largest share in 2017, contributing nearly one-third of the total market, as LIN is cheap serial communication interface based on a master-slave architecture that reaches speeds of up to 20 kbps. Moreover, it assures connectivity between various peripheral sensors and actuators for doors and windows, which supplements the growth of the segment. However, the FlexRay segment is expected to manifest the fastest CAGR of 8.5% during the forecast period. The report includes an in-depth analysis of the other segments such as CAN and others (Ethernet, K-Line, MOST).
Heavy commercial vehicles segment to manifest fastest CAGR through 2025
The heavy commercial vehicles segment is projected to manifest CAGR of 8.1% through 2025, owing to rise in use of advanced safety, comfort feature, and increase in ration of heavy commercial vehicles. However, the passenger vehicles segment held the largest share in 2017, contributing around three-fourths of the total market, owing to rise in disposable income in developing and developed countries.
Asia-Pacific region held the lion's share of the market
The market across Asia-Pacific region held the largest share in 2017, contributing more than half of the market, owing to high adoption rates of smart mobility services, government regulation, rise in concerns toward safety systems, and surge in trend toward adopting non-fossil fuel-based vehicles in the region. However, the market across LAMEA is expected to register the fastest CAGR of 8.9% during the forecast period, owing to increase in automobile production due to rising population and industrialization.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5270
Major market players
The global automotive transceivers market report provides a detailed analysis of the major market players such as Broadcom Corporation, Infineon technologies, Cypress Semiconductors, Maxim Integrated, NXP Semiconductors, Microchip Technology Inc., STMicroelectronics, Robert Bosch GmbH, Toshiba Corporation, and Texas Instruments Inc.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Increase in global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in the major cities have created a significant demand for electric vehicles. The demand for fuel-efficient vehicles has increased recently owing to rise in price of petrol and diesel.
Increase in adoption of anti-locking braking system for vehicles, rise in concern of consumer toward safety & security features, and governments legislation to mandate the ABS system in cars are the main factors that boost the growth of the automotive wheel speed sensor industry.
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. 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.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
SOURCE Allied Market Research