The rise in sales of premium vehicles and the emergence of autonomous vehicles can create new revenue generation opportunities for automotive communication technology providers. However, increase in cybersecurity threats for connected vehicles can pose a challenge for automotive communication technology providers.
Market Dynamics
Drivers
- Rising contribution of electronic systems in passenger cars
- Government mandates and industry norms to reduce emission and improve the safety of vehicles
Opportunities
- Emergence of autonomous vehicles
- Rise in sales of premium vehicles
Critical Questions would be:
- Which OEMs are leading the transition to ethernet?
- Infotainment will be the most popular application area in future for in-vehicle network. Which protocol will be the best fit to accommodate this future requirement?
- Over 1 million fully autonomous vehicles expected by 2030. How will the in-vehicle communication network change?
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The ecosystem of the automotive communication technology market consists of manufacturers, such as
- Robert Bosch (Germany),
- Toshiba (Japan), Broadcom (US),
- Texas Instruments (US),
- NXP (Netherlands),
Research institutes such as AUTOSAR, OPEN, AEC, and DVSA.
The global automotive communication technology market is estimated to be USD 6.78 billion in 2018 and is projected to grow at a CAGR of 16.7% during the forecast period, to reach USD 19.99 billion by 2025. Some of the major growth drivers for the market are the growing number of electronic systems in passenger cars, government mandates, and industry norms to reduce emission and improve the safety of vehicles.
The global automotive communication technology market is segmented by bus module, application, vehicle class, and region. The report discusses five automotive communication technology bus modules, namely, local interconnect network (LIN), controller area network (CAN), FlexRay, media-oriented systems transport (MOST), and ethernet. CAN segment is estimated to account for the largest share of the automotive communication technology market. This segment is driven by factors such as increasing electronic content for applications such as powertrain, body control & comfort, and infotainment & communication.
