Automotive Ethernet Market worth $5.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 5, 2024 /PRNewswire/ -- Automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%, according to a new report by MarketsandMarkets™. The increasing demand for faster in-vehicle networking is expected to increase the demand for automotive ethernet. Additionally, continuous innovation in connected car features will boost the demand for automotive ethernet.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103704247

Browse in-depth TOC on "Automotive Ethernet Market".

270 - Tables
64 - Figures 
269 - Pages

Automotive Ethernet Market Scope:

Network segment is expected to have largest share in the global automotive ethernet market

The network segment is expected to hold the largest share of the automotive ethernet industry during the forecast period. The network section of automotive ethernet is undergoing tremendous growth, exceeding other areas, as the vehicle landscape evolves toward smart features, connectivity, and autonomous driving. The necessity for high-bandwidth connection for infotainment and ADAS, the cost-effectiveness and scalability of ethernet compared to older CAN bus systems, and its role in enabling crucial technologies like V2X communication are all driving this boom. Automotive ethernet product and solution providers are working closely with automakers to develop and provide efficient solutions. For instance, NXP Semiconductors announced in July 2023 that it will be working together with Mahindra and Mahindra, Ltd. (India) over connected vehicles. Automotive ethernet, with its improved data processing capabilities and futureproof architecture, serves as the foundation for next-generation cars, assuring safer, more efficient, and more sophisticated transportation experiences.

2.5/5/10 Gbps bandwidth segment is estimated to exhibit the fastest growth in global automotive ethernet market

The 2.5/5/10 Gbps bandwidth range in automotive Ethernet signifies an exponential leap in data transfer rates, facilitating ultra-high-speed communication within vehicles. This standard enables a host of highly data-intensive applications, including extremely high-definition multimedia streaming, intricate real-time sensor fusion for advanced autonomous driving systems, and the seamless integration of complex vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. This 2.5/5/10 Gbps bandwidths are defined by IEEE 802.3ch. PAM4 encoding, full duplex transmission, and a point-to-point topology are used by 2.5/5/10 Gbps bandwidths. These bandwidths allow the high data speeds required for autonomous driving systems. To deliver high-resolution video for image recognition, these applications demand lossless video transmission. Autonomous driving systems are linked to actuators that can assume control of the car, and there must be no interruptions in the video or other connections. Multiple companies in automotive ethernet market are providing products and solutions capable of supporting such high bandwidth. For example, Q6223 automotive ethernet switch was released by Marvell Technology, Inc. in June 2023 which houses multiple PHYs capable of 2.5 Gbps data transfer speed.

Germany to lead the electric vehicle tires market in Europe

Germany is expected to be the largest market in Europe for electric vehicle tires during the forecast period. Automotive Ethernet is growing rapidly in Germany, owing to the country's position as a worldwide automotive powerhouse and its continuous dedication to technical innovation. Germany, known for engineering prowess and cutting-edge automobile manufacture, is at the forefront of driving automotive developments. The country's automotive and technology behemoths are actively leading R&D efforts, with an emphasis on incorporating modern technologies such as driver monitoring, OTA software updates, and high-speed networking solutions into automobiles. The primary elements driving its growth in Germany include the industry's relentless pursuit of technological advancements, government support for research and innovation, stringent safety standards that necessitate robust in-vehicle networking solutions, and a consumer base that increasingly demands vehicles with cutting-edge safety features and seamless connectivity. Germany has a significant presence of automotive ethernet product and solutions providers such as Rhode & Schwarz, Ruetz System Solutions GmbH, Infineon Technologies AG and TSN Systems GmbH. In February 2023, Rhode & Schwarz announced an investment of USD 65.2 million to develop a new research and manufacturing center in the country.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103704247

Key Market Players:

The major players in Automotive Ethernet Companies include Broadcom (US), Marvell (US), Microchip Technology Inc. (US), NXP Semiconductors (Netherlands), and Texas Instruments Incorporated (US), among others.

Recent Developments

• In November 2023, Broadcom announced the completion of its acquisition of VMware, Inc. (US) for around USD 61.0 Billion. This acquisition will help speed innovation and provide more options and flexibility for building, running, managing, connecting, and protecting applications at scale.
• In October 2023, Microchip Technology Inc. announced the expansion of its Detroit Automotive Technology Center in Novi, Michigan. The new 24,000-square-foot building features additional high-voltage and E-mobility labs, along with technical training rooms for automotive clients to create and improve solutions.
• In September 2023, Marvell announced the plans for a new R&D center in Pune, India. This upcoming establishment is expected to double the current workforce capacity.
• In September 2023, Cadence Design Systems, Inc. announced the completion of the acquisition of Intrinsix Corporation from CEVA for USD 35.0 Million. This acquisition will help Cadence Design Systems, Inc. get ahead in high-growth sectors such as automotive and consumer electronics through newly gained expertise in advanced nodes, radio frequency, mixed signal, and security algorithms.
• In July 2023, NXP Semiconductors announced a collaboration with VinFast (Vietnam) in the early stages of new VinFast automotive projects, using NXP's extensive range of system solutions for cutting-edge applications.
• In June 2023, Texas Instruments Incorporated announced intentions to extend its internal manufacturing footprint in Malaysia by establishing two new assembly and testing facilities in Kuala Lumpur and Melaka. These investments, totaling USD 2.0 billion and USD 1.0 billion, will assist TI's ambition to move 90% of its assembly and testing activities in-house by 2030 to have greater supply control.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=103704247

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Related Reports:

Advanced Driver Assistance Systems Market - Global Forecast to 2030

Automotive LiDAR Market - Global Forecast to 2030

Automotive Communication Technology Market - Global Forecast to 2025

Connected Car Market - Global Forecast to 2026

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-ethernet-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-ethernet.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/automotive-ethernet-market-worth-5-5-billion-by-2028---exclusive-report-by-marketsandmarkets-302052958.html