The Asia Pacific market is projected to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and government mandates regarding the active and passive safety of vehicles. In addition, the increasing investment in infrastructure, construction activities, and increasing sales of luxury vehicles are also projected to drive the market growth in this region. Some of the major restraints for the global automotive communication technology market are high complexity and less reliability of electronics architecture and higher cost per node with the increase in communication nodes in a vehicle.
Automotive Communication Technology Market was valued at US$ 6Bn in 2019 and is expected to reach US$ 20Bn by 2027, at a CAGR of 16% during a forecast period 2021-2027.
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The following players are covered in this report:
- ON Semiconductor
- Microchip
- Continental
- Cypress Semiconductor
- Rohm Semiconductor
- Xilinx
- Melexis
- Elmos Semiconductor
- Vector Informatik
- Intel
- Maxim Integrated
- Qualcomm
Automotive Communication Technology Breakdown Data by Type
- Local Interconnect Network (LIN)
- Controller Area Network (CAN)
- FlexRay
- Media-Oriented Systems Transport (MOST)
- Ethernet
Automotive Communication Technology Breakdown Data by Application
- Economy Vehicle
- Mid-Size Vehicle
- Luxury Vehicle
A full report of Global Automotive Communication Technology Market is available at: https://www.orionmarketreports.com/automotive-communication-technology-2-market/35336/
Scope of the Report
The research study analyzes the global Automotive Communication Technology industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Communication Technology Market Report
1. What was the Automotive Communication Technology Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Automotive Communication Technology Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Communication Technology Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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