Automotive Transceivers Market Size

Automotive Transceivers Market Size

Automotive Transceivers Market size valued at over USD 4.5 billion in 2017 and will grow at a CAGR of over 6.5% from 2018 to 2024. The growing deployment of ECUs and electronic systems in automobiles owing to requirement for enhanced networking & communication between these systems is driving the market growth.

Increased demand for transceivers in modern vehicles is attributed to the efficient in-vehicle networking and the data exchanged between the control units & related systems. Moreover, the need for more efficient inter-network communication in high-end electronics systems such as ADAS, engine management systems, powertrain systems, etc., is a major factor that generates industry demand. These components offer several features to electronic systems such as increased fuel efficiency, low carbon dioxide emissions, and high quality, further creating growth prospects for the automotive transceivers market across the globe.

Increasing electronic system complexities will hamper the performance of LIN- and CAN-based products in the automotive electronics sector. The complex electronics systems require a high level of integration and communication between the subsystems & components, which is not fulfilled by conventional transceiver interfaces. The issue can be overcome by designing robust modules and the inclusion of highly integrated semiconductor technology.