What is Automotive Communication Protocols Market?
Automotive communication protocols are basically used to transfer data among different electronic modules in a vehicle through a serial data bus or by wireless technologies. Advanced driver assistance systems (ADAS) is technologically evolving & providing improved features annually. These continuous developments are encouraging ACP usage in the mainstream market, as compared to their earlier implementation in premium vehicles. Growing demand for advanced driver assistance systems to be one of the primary growth factors for the automotive communication protocols market. Owing to rapid developments, integrated ADAS systems on chip (SoCs) that integrate data from multiple streams such as vision, ultrasonic, infrared, LiDAR, & radar, are gaining prominence. These SOCs have the ability to procure & process huge volumes of real-time data. This encourages the manufacturers to increase the flexibility & control over their ADAS offerings.
Highlights from Automotive Communication Protocols Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch (Germany), NXP Semiconductors (Netherlands), Infineon Technologies (Germany), Texas Instruments (United States), XILINX (United States), Toshiba (Japan), Broadcom (United States), Stmicroelectronics (Switzerland), Renesas (Japan), on Semiconductor (United States) and Microchip (United States) |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Communication Protocols market throughout the forecasted period.
Bosch (Germany), NXP Semiconductors (Netherlands), Infineon Technologies (Germany), Texas Instruments (United States), XILINX (United States), Toshiba (Japan), Broadcom (United States), Stmicroelectronics (Switzerland), Renesas (Japan), on Semiconductor (United States) and Microchip (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Continental (Germany), Cypress Semiconductor (United States) and Rohm Semiconductor (Japan). Automotive Communication Protocols Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger cars and CVs |
Type | LIN, CAN, FlexRay, MOST and Ethernet |
On the basis of geography, the market of Automotive Communication Protocols has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Additional features provided by ADAS to make resilient system and Expansion of ADAS ecology and OEMs
Market Growth Drivers:
Acceptance of high bandwidth automotive networks and Rising demand for advanced driver assistance systems
Challenges:
Meeting global demand remains an enormous challenge for the automotive industry
Restraints:
Additional complexity and less reliability of electronics architecture and Higher cost per node
Opportunities:
Use of controller area network (CAN) and LIN for in-vehicle networking, Advancements in use of integrated ADAS system on chip (SoCs) and Use of Ethernet to lay the backbone network of vehicles
Key Target Audience
Manufacturer, Raw material supplier, Distributors/ traders/ dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
Market Leaders & Development Strategies
In October 2020, Infineon Technologies AG introduced the Traveo II Body microcontroller family to the open market. The family addresses a wide range of automotive applications, including body control modules, door, window, sunroof, and seat controls, as well as in-vehicle smartphone terminals and wireless charging devices. This market launch follows Infineon's acquisition of Cypress Semiconductor Corporation, which developed the product family.