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Automotive Ethernet Market Trends

Report ID: GMI8539
Published Date: Mar 2024
Report Format: PDF

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Automotive Ethernet Market Trends

The emerging trend of software-defined vehicles (SDV) and the integration of advanced driver-assistance systems (ADAS) will play an ideal role in influencing the market growth. SDV adoption requires flexible and scalable networking solutions like automotive Ethernet to support software-defined functionality. Additionally, ADAS relies on high-speed data exchange between vehicle components, further emphasizing the need for reliable and efficient communication networks. These factors are likely to drive the demand for automotive ethernet, shaping its growth trajectory in the automotive industry.

For instance, in May 2022, Broadcom Inc. introduced BCM8958X, a high-bandwidth monolithic automotive ethernet switch device to meet the rising demand for bandwidth in in-vehicle networking applications and support the transition to SDV.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive ethernet reached USD 2.9 billion in 2023 and is set to expand at around 17% CAGR from 2024 to 2032, owing to the rise of autonomous vehicles and the increasing demand for connected cars with advanced features worldwide.

The hardware segment recorded over USD 1.2 billion in 2023, due to rising demand for reliable and high-speed networking components.

Europe market held over 35% share in 2023, attributed to the rising trend towards sustainable and technologically advanced solutions in the region.

Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, NVIDIA, NXP Semiconductors, ON Semiconductor, Qualcomm, Realtek Semiconductor Corp., TE Connectivity, and Texas Instruments Incorporated, are some of the major automotive ethernet companies worldwide.