Automotive Ethernet Market by Component (Hardware, Software and Services), Type, Bandwidth, Application, Vehicle Type (Passenger Cars, Commercial Vehicles, and Agricultural and Off-Road Vehicles) and Region – Global Forecast to 2026

MarketsandMarkets expects the automotive Ethernet market to grow from $1.8 billion in 2020 to $5.6 billion by 2026, at a compound annual growth rate (CAGR) of 20.9% in during the forecast period. Major factors expected to drive the automotive Ethernet market growth include low cost Ethernet technology, increasing demand for advanced driver assistance systems (ADAS) and infotainment systems, and advances in Ethernet technology.

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On the basis of components, the service segment will register the highest growth during the forecast period

On the basis of components, the service segment is expected to grow at a higher rate during the forecast period. The service segment has a major influence on the growth of the automotive Ethernet market. The demand for services is increasing with the growing adoption of Automotive Ethernet by passenger cars as well as the commercial vehicle segment. These services help end users reduce costs, increase overall revenue, and improve business performance. With the help of these services, automotive original equipment manufacturers (OEMs) can track, assess and analyze their business requirements to make more informed decisions.

Among vehicle types, agricultural and off-road vehicle segment is expected to grow at the highest CAGR during the forecast period

In the automotive Ethernet market by vehicle type, the agricultural and off-road segment is expected to grow at a higher CAGR during the forecast period. Currently, the adoption of Ethernet by agricultural and off-road OEMs is emerging and is expected to grow over the forecast period. The rapid adoption of technology in the agricultural and off-road segment is expected to drive the automotive Ethernet market. OEMs are turning to Ethernet as an alternative technology to the Controller Area Network (CAN). According to industry experts, agriculture and off-road is one of the growing segments of the automotive Ethernet market. This segment will provide significant opportunities for Ethernet vendors over the forecast period.

The trend towards autonomy and connectivity has been common in the automotive sector in recent years. Automotive original equipment manufacturers (OEMs) are striving to simplify in-vehicle connectivity to support emerging trends such as connected cars and autonomous vehicles. The number of sensors and the amount of data have been increased in the vehicle; therefore, OEMs urgently need flexible connectivity, which will provide higher bandwidth and low latency. Traditional in-vehicle communication technologies, namely Control Area Network (CAN), FlexRay, and Local Area Interconnect Network (LIN) operate with lower bandwidth. However, Ethernet provides essential gigabyte connectivity for ADAS and infotainment systems. Automotive Ethernet provides connectivity for various automotive applications such as powertrain, chassis, body and comfort, ADAS and infotainment systems. It supports high bandwidth applications running at high or low speed. Additionally, it also reduces cable and labor costs by simplifying network complexities, including configuration, management, and optimization aligned with in-vehicle networks.

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Key and emerging market players include Broadcom (US), NXP Semiconductors NV (Netherlands), Marvell (Bermuda), Microchip Technology Inc. (US), Vector Informatik GmbH (Germany), System-on- Chip Engineering SL (Spain), Molex, LLC (USA), Texas Instruments (USA), Cadence Design Systems, Inc. (USA), TTTech Auto AG (Austria), Excelfore (USA), DASAN Networks, Inc. (South Korea), ACTIA Group (France), NEXCOM International Co., Ltd. (Taiwan), AllGo Embedded Systems Pvt. ltd. (India), Spirent Communications (UK), Keysight Technologies (US), Aukua Systems Inc (US), Intrepid Control Systems (US), RUETZ SYSTEM SOLUTIONS GMBH (Germany), TSN Systems GmbH ( Germany), Xena Networks (Denmark), TEKTRONIX, INC (USA), Rohde & Schwarz (Germany) and Realtek Semiconductor Corp. (Taiwan). These players have adopted various strategies to expand in the Automotive Ethernet market.

Broadcom (USA) is one of the world’s leading providers of semiconductor devices, communications software and related services. Broadcom has been one of the pioneering vendors in the automotive Ethernet market over the past few years and will continue to lead the market in the years to come. As a founding member of the BroadR-Reach technology, OPEN Alliance, and an active member of IEEE 802.3, the company plays a vital role in the automotive Ethernet market. The company leads the in-vehicle connectivity market with its turnkey Ethernet connectivity solutions. Over the past few years, Broadcom has developed innovative solutions to meet the unmet needs of the automotive industry.

NXP (Netherlands) designs, manufactures and supplies mixed and standard signal product solutions. NXP has decades of experience in the automotive semiconductor industry. The company offers innovative Ethernet solutions ranging from standalone transceivers to integrated system-on-chips (SoCs), combined with NXP’s automotive products. The company has positioned itself as a major leader in traditional in-vehicle connectivity technologies, such as CAN, LIN, FlexRay and Media Oriented Systems Transport (MOST), and is also expected to play a leading role in the Ethernet segment. With the emergence of connected cars and autonomous vehicles, the demand for high-speed connectivity has increased. NXP strategically worked on an inorganic strategy with the acquisition of OmniPHY. This acquisition will accelerate NXP’s position as a leader in the embedded networking segment.

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