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Automotive Communication Protocol Market Share

Report ID: GMI11985
Published Date: Oct 2024
Report Format: PDF

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Automotive Communication Protocol Market Share

Automotive Communication Protocol Company Market Share, 2023

NXP, Bosch, and Infineon collectively held a substantial market share of over 15% in the automotive communication protocol industry in 2023. NXP has established strategic partnerships with automotive OEMs and Tier 1 suppliers to co-develop solutions for connected and autonomous vehicles, including collaborations with Qualcomm and AWS. NXP prioritizes cybersecurity for in-vehicle networks, focusing on secure communication protocols to prevent data breaches and hacking, which are critical for these vehicles.

Bosch is shifting towards a software-defined vehicle model, where communication protocols are essential. By utilizing software updates and scalable architectures, Bosch aims to offer vehicles greater flexibility and adaptability to new features and regulatory requirements over time.

Infineon focuses on safety-critical applications such as powertrain, braking, and steering systems. Their CAN, LIN, and FlexRay communication systems are central to their strategy for maintaining dominance in these areas.

Automotive Communication Protocol Market Companies

Major players operating in the automotive communication protocol industry are:

Bosch
Broadcom
Continental
Denso
Infineon
Kvaser
NXP Semiconductors
Onsemi
Renesas
Texas Instruments

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive communication protocol reached USD 1.6 billion in 2023 and is set to grow at a 7.4% CAGR from 2024 to 2032, driven by the increasing demand for V2X communication technologies.

The CAN segment accounted for over 45% of the market share in 2023 and is expected to exceed USD 1.5 billion by 2032, led by standardization efforts in the automotive industry.

The passenger vehicles segment is projected to exceed USD 2 billion by 2032, driven by the growing adoption of electric vehicles (EVs) and the need for advanced communication protocols.

The China market accounted for over 35% of the revenue share in 2023, propelled by the rapid adoption of high-bandwidth Ethernet solutions and the push towards autonomous vehicle development.

Major players in the industry include Bosch, Broadcom, Continental, Denso, Infineon, Kvaser, NXP Semiconductors, Onsemi, Renesas, and Texas Instruments.