Automotive Ethernet Market – Analysis and Forecast (2021-2027)

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Global Automotive Ethernet Market
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Global Automotive Ethernet Market
The global automotive Ethernet market is expected
to witness a 21.2 CAGR during 2021-2027. The
rising demand for high bandwidth and infotainment
systems, increased disposable income will foster
the growth of the global automotive Ethernet
market. In a connected car, high-performance
navigation systems, high-end entertainment, and
telematics require the system to be 'always on.'
The market for ethernet deployments has been
driven by the rising bandwidth available for
in-vehicle data connections. Furthermore, the
surge in demand for ADAS, regulation by the
government on the safety and security of
vehicles, and rising adoption of low-cost
ethernet technology by automotive manufacturers
and development in the field will propel the
demand for the automotive ethernet market. The
COVID-19 pandemic has led to a decline in the
growth of the automotive ethernet market in the
short run as there is a temporary halt in the
production of automobile manufacturing.
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Global Automotive Ethernet Market
Based on application, the rising demand for ADAS
will bolster the market growth. Automotive
ethernet will have additional development
opportunities as the number of vehicles equipped
with autonomous driving develops in the future.
HD maps with road-based information like lane
sizes, crosswalks, and road signs are critical
for autonomous driving. HD maps are created using
sensor data, and ethernet is required to connect
these components in order to ensure effective
data transfer, contributing to the expansion of
automotive ethernet. The increased adoption of
IoT solutions in automotive will propel the
growth of highly connected modern ADAS and
autonomous driving functions. Because of the
benefits of Ethernet compatibility when
connecting vehicles to smart infrastructure, it
is a key aspect of the vehicle. NXP stated in
December 2021 that the S32G Family of Network
Processors would be extended to accelerate
higher-performance software-defined vehicle
applications and pin compatibility.
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Global Automotive Ethernet Market
Asia-Pacific contributes to the significant
growth owing to the increased production of
passenger vehicles in the region. Auto
manufacturers like Mercedes-Benz, Ford, and
Volkswagen are having expansion plans in India to
enhance their manufacturing capacity and output
and minimize the demand-supply gap. Thus,
time-sensitive in-vehicle networking components
will see growth leading to the development of the
automotive ethernet market in the region. The
industry players in the automotive ethernet
industry include Broadcom, NXP Semiconductors,
Marvell, Microchip Technologies Inc., Cadence
Design Systems, Inc., Molex, Aukua Systems Inc.,
Vector Informatik GmbH, TTTech Auto AG, and
System-on-CChip Engineering S.L.
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