The global automotive communication technology market is expected to grow at a significant CAGR during the forecast period 2024-2031. Automotive communication technologies are complex computer networks that promote roadside units and on-road vehicles to share data and important information including traffic information and security warnings. It is a reliable and intelligent transportation network that enables the user or customer to adopt this technology to gain a safe, secure and enhanced travel experience. Automotive communication technologies are widely implemented in power trains to reduce excessive collision of traffic and improve safety, security and privacy concerns.
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The increasing instances of highway collisions and automobiles high speed are the dominant factor that drives the growth of the global market. Emerging technologies like automotive communication will monitor automobiles activities and regulate their function which will allow the commercial user to increase the implementation of such systems. This as a result is anticipated to boost the growth of the global commercial automotive communication technology market.
The market is further expected to drive by the rising implementation of electronic systems in automobiles and increasing adoption of smart, mobile and 4G/5G technology in automotive systems. The rapid development and marketing of the luxury cars built with automotive communication technology are additional factors subjected to raising the market growth of the global commercial automotive communication technology market during the forecast period. The increasing safety, privacy and security concerns in a vehicle will also raise the demand for commercial automotive communication technology and projected to register a significant value in the global market.
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Market Coverage
- Segment Covered-
o By Bus Module
o By Vehicle Class
o By Application
- Competitive Landscape- Robert Bosch, Broadcom Inc., NXP Semiconductors N.V., Infineon Technologies AG, ON Semiconductor.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Communication Technology Market by Segment
By Bus Module
- Controller Area Network (CAN)
- Ethernet
- Flexray
- Local Interconnect Network (LIN)
- Media-Oriented Systems Transport (MOST)
By Vehicle Class
- Economy
- Mid-Size
- Luxury
By Application
- Powertrain
- Body Control & Comfort
- Infotainment & Communication
- Safety & ADAS
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