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Automotive Ethernet Market Overview
The global automotive ethernet market is expected to witness significant growth during the forecast period (2020–2030). Growing usage of smart infotainment systems and advanced driver assistance systems (ADASs) in vehicles, and declining cost of ethernet technology are some factors boosting the growth of the industry. Furthermore, increasing research and development (R&D) and investments for autonomous vehicles can provide opportunities to players operating in the market.
Based on application, the automotive ethernet market has been categorized into ADAS, powertrain, infotainment, chassis, and others. Among these, the ADAS category is expected to generate highest revenue during the forecast period, owing to the increasing demand for advanced safety features and to improve fuel efficiency. Increasing number of regulations for implementing ADASs in automobiles, such as mandate of anti-lock braking system (ABS) in all new passenger cars in European Union nations and the U.S., is driving the growth of the market in this category.
Globally, Asia-Pacific (APAC) is expected to embrace the largest share in the automotive ethernet market during the forecast period. This can be majorly attributed to the rising automobile production in China, India, Japan, and South Korea. In 2018, China produced nearly 27.8 million units of passenger cars and commercial vehicles, which was around 24.5 million in 2015. Increase in production of vehicles is positively impacting the growth of the automotive ethernet industry in the region.
Automotive Ethernet Market Dynamics
High complexity and increasing number of applications in a vehicle are major factors propelling the growth of the automotive ethernet market. With growing technologies, electronics in the vehicle are getting more complex, with more controllers, sensors, and interfaces, which require higher bandwidth. These several electronic components in a vehicle need to increasingly communicate with each other. Due to this, the weight, cost, and complexity of wiring harnesses has increased. These days, several different proprietary standards for communication are used, with each component typically using a dedicated cable or wire. By moving to a single standard, all the communications from all the different components can coexist on the same switched ethernet network, with a single pair going to each location in the vehicle from a central switch. Such factor is boosting the demand for automotive ethernet.
Increasing R&D and investments for autonomous vehicles holds a potential for the growth of the players operating in the automotive ethernet market. Autonomous technologies are emerging in the transportation sector, with tests and pilot projects being rolled out in several countries. In North America, California is the center for the development of autonomous vehicles. Waymo LLC (a subsidiary of Alphabet Inc.) has been testing autonomous vehicles in California, logging above 10 million miles of test drives. Major original equipment manufacturers (OEMs), such as Ford Motor Company and General Motors Company, are also testing self-driving cars in California.
Furthermore, car manufacturers in Germany and their tier-1 suppliers had filed much more patents for autonomous cars than other countries’ automotive companies. From 2010 to 2017, more than 5,800 autonomous vehicle patents were filed worldwide. Thus, the growing development of autonomous technologies provides substantial opportunities in the automotive ethernet market.
Automotive Ethernet Market Competitive Landscape
Major players operating in the global automotive ethernet market are Broadcom Inc., Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Inc., Texas Instruments Incorporated, Molex LLC, Cadence Design Systems Inc., System-on-Chip Engineering S.L., TTTech Computertechnik AG, and Vector Informatik GmbH.
The report covers country-wise automotive ethernet market analysis. Some of the major countries covered in the report are the U.S., Canada, U.K., France, Germany, Russia, Italy, Spain, China, Japan, India, South Korea, Australia, Thailand, Indonesia, Malaysia, Brazil, Mexico, South Africa, U.A.E., Saudi Arabia, and others.
Automotive Ethernet Market Segmentation
By Vehicle Type