automotive ethernet market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030
The automotive ethernet market is expected to grow in double digits CAGR during the forecast period 2021-2031. The sector is expected to grow and reach newer heights in 2021, over 2020. Rapid advancement in development of autonomous vehicles and cost effective ethernet has led to the immense boost of automotive ethernet.
Automotive ethernet is a faster networking protocol enabling multiple ECUs to communicate with others and routes the traffic to different nodes within a network. Automotive ethernet is fuelling the emerging technologies like self- driving cars, infotainment systems, advanced driver assistant systems, etc.
Innovation in Electric Vehicles
Growth of Electric Vehicles is witnessing a huge surge among the masses. Government authorities are also investing in production of electric vehicles so as to combat air pollution. Availability of batteries, building charging infrastructures all over has fuelled the interest of purchasing electric vehicles. Requirement of ethernet in electric vehicles is a key growth prospect for boost of automotive ethernet.
Growing Demand for Advanced Driver Assistance system
Autonomous driving highly depends on maps having information like lane sizes, crosswalks, and road signs. Ethernet is needed to connect these sensors to maintain efficient data transfer, record and assist with correct information. Rising demand of such accurate assistance system is boosting the growth of automotive ethernet.
Difficulty in switching from traditional vehicles to automotive
Despite electric vehicles becoming popular, more than half of the population still is not ready to transform as they are not able to understand technology. However, some technologies are insufficient in providing high bandwidth and low latency for infotainment systems.
Recent developments by the leading manufacturers include:
Asia Pacific is projected to be holding the largest market share globally. Increase in production and sales of vehicles in Asia Pacific due to high demand. Renowned automakers are planning their expansion in Asian countries like India, thus, contributing towards growth in the region. Continuous miniaturization is helping the companies to make the hardware components cost effective helping the market to grow among masses.
By Vehicle Type
1) By application, which segment is projected to be high in demand?
Demand of advanced driver assistance system (ADAS) for HD maps can be met by automotive ethernet and thus, this segment may drive the growth of the automotive ethernet sector.
2) What are the features of ADAS?
Emergency brake assistant, adaptive cruise control, blind spot detection, rear cross traffic alert, intelligent lights, intelligent speed assists, road departure alert, etc.
3) Which companies are highly manufacturing the automotive ethernet?
Tektronix, Inc, Aukua Systems Inc, Realtek Semiconductor Corporation, Xena Networks, ACTIA Group are the companies focussing on research and launches for technological advancements.
4) Which region to hold the largest share during the forecast period?
Asia Pacific is expected to remain high owing to vast population and majority of them being youth generation interested in new technologies and comfort.
5) How covid-19 impacted the automotive ethernet sector?
Covid-19 have had a negative impact on production of vehicles, be it traditional or automotive ones. The decline in demand and lockdown made companies to stop the production and shut down their plants for some time. However, with the successful vaccination going around, the manufacturers are predicting better growth during the forecast period.
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