According to the report, Growing in Sales of Premium Vehicles is one of the primary growth factors for the market. Increasing Contribution of Electronic Systems in Passenger Cars
is also expected to contribute significantly to the Automotive Controller Area Network market. Overall, Powertrain
applications of Automotive Controller Area Network, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Automotive Controller Area Network Market identified that the demand is rising in many different parts of the world due to "Technological Advancement and Development in Controller Area Network by Various Organizations". Furthermore, some recent industry insights like "On 11th June 2019, Texas Instruments has introduced an automotive system basis chip that is the industry's first to integrate a controller and transceiver for Controller Area Network with Flexible Data Rate (CAN FD). Designed to meet the high-bandwidth and data-rate flexibility needs of in-vehicle networks, the TCAN4550-Q1 uses the Serial Peripheral Interface (SPI) bus of almost any microcontroller to implement, with minimal hardware changes, a CAN FD interface or increase the amount of CAN FD bus ports in a system." is constantly making the industry dynamic. One of the challenges that industry facing is "Rise in Cybersecurity Threats for Connected Vehicles"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automotive Controller Area Network market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Controller Area Network market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Controller Area Network market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automotive Controller Area Network market size is calculated using market estimation process, the Automotive Controller Area Network market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Controller Area Network market size has been validated using both top-down and bottom-up approaches.