Global Automotive Communication Technology Market Overview:
Automotive communication technology is the wireless technology allow the vehicles to send and receive the messages and create awareness of other vehicles. The technology provides tactile, audible and visual alerts to warn drivers which help to avoid crashes. The automotive communication technology market is expected growth in the future due to increasing concern about vehicle safety and accidents. Increasing the sale of vehicles and government initiatives to reduce emission boosting the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Use of IoT into Vehicles
Market Growth Drivers:
Government Initiative for Vehicle Safety and Fuel Economy and Increasing Installation of Electronic systems in Vehicles especially Car
Challenges:
Maintenance of the Vehicle and Cybersecurity Threats for Connected Vehicles
Restraints:
High Cost of Node, Increasing the Total Cost of Vehicles and More Complexity of Electronics Architecture
Opportunities:
Upsurging Automotive Industry in Developed and Developing Countries and Increasing Demand from Consumer for Safety
Competitive Landscape:
Some of the key players profiled in the report are Robert Bosch (Germany), Toshiba (Japan), Broadcom (United States), Texas Instruments (United States), NXP (Netherlands), STMicroelectronics (Switzerland), Infineon (Germany), Renesas (Japan), ON Semiconductor (United States) and Microchip (United States). Additionally, following companies can also be profiled that are part of our coverage like Continental AG (Germany), Cypress Semiconductor (United States), Rohm Semiconductor (Japan) and Xilinx (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Automotive Communication Technology market by 2028. Considering Market by Vehicle, the sub-segment i.e. Economy will boost the Automotive Communication Technology market.
Latest Market Insights:
In April 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation. The San Jose-based company has been part of Infineon since its closing date. The acquisition of Cypress is a landmark step in Infineon's strategic development.
In June 2019, Texas Instruments (TI) 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.
What Can be Explored with the Automotive Communication Technology Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Communication Technology Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Communication Technology
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Communication Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Communication Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Information Technology Companies, Automobile Manufacturers, Cloud Service Providers, Automotive Network Hardware Manufacturers, Government Agencies and Potential Investors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.