The global automotive communication system market is anticipated to grow at a CAGR of 16.3 % during the forecast period (2022-2028). Automotive Communication Technology refers to the computer networks that allow automobiles and roadside units to share data and information such as safety alerts and traffic information. It is quite helpful in displaying the fine print concerning traffic congestion and preventing accidents. It is part of intelligent transportation, allowing the buyer to be a member of a more dependable transportation network. It has a wide range of applications in the powertrain, resulting in increased safety and fewer traffic collisions. Vehicle communication technologies are used to provide information such as the location of other vehicles, traffic congestion, and safety alerts to automobiles.
The increasing number of electronic systems in passenger cars, government mandates, and industry standards to cut emissions and increase vehicle safety are the growth factors supporting the growth of the market during the forecast period. The surge in premium vehicle sales, as well as the introduction of autonomous vehicles, are providing opportunities for automotive communication technology suppliers.
Another important concern that has pushed the globe toward smart mobility and autonomous driving is the increasing frequency of road accidents and fatalities caused by human error. To combat this, governments in a different nations, including Europe, the US, Japan, and others, have compelled automakers to include new and improved safety systems in their upcoming automobiles. For instance, The United Nations World Forum for Harmonization of Vehicle Regulations has established a few safety criteria for motor vehicles, with roughly 40 countries meeting all of the priority safety standards. To reduce car collisions, the UN has mandated the integration of antilock braking systems and other safety technologies such as GPS, radars, and sensors into standards. This initiative is expected to boost the growth of the automotive communication technology market in the forecast period.
During the projection period, the Asia Pacific market is expected to hold the remarkable market share during the forecast period. The region’s market growth can be linked to an increase in vehicle production as well as regulatory mandates addressing active and passive vehicle safety. In addition, rising infrastructure investment, construction activity, and sales of luxury vehicles are expected to propel the market growth in the region.
Some major players in the market include Broadcom Inc., Continental AG, Cypress Semiconductor Corp., Elmos Semiconductor SE, and Infineon Technologies AG, among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance,
- In November 2021, Elektrobit (EB), a pioneer in embedded and linked software for the automotive industry, released the market’s first Automotive Ethernet switch firmware, that enables secure, high-performance communications for in-vehicle networks. The EB zoneo SwitchCore, which is already in production in electric vehicles (EVs) and is available for switches from leading hardware vendors, will make it easier for car manufacturers and suppliers to develop the advanced, high-bandwidth communications systems required by next-generation vehicles.
- In April 2019, for the first time in China, HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for the automotive, consumer, and enterprise markets, exhibits its Premium Communications solution at the Shanghai Auto Show. Premium Communications is a one-of-a-kind modular service that aims to improve today’s in-vehicle communication situation. Premium Communications offers clear, frustration-free interactions for all occupants within a car – with each other, digital voice assistants, and external call recipients – by leveraging the world’s leading microphone, voice processing, and noise cancellation technology.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Bus Module
- By Vehicle Class
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Broadcom Inc., Continental AG, Cypress Semiconductor Corp., Elmos Semiconductor SE, and Infineon Technologies AG, among others.
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Global Automotive Communication System Market Report by Segment
By Bus Module
- Local Interconnect Network (LIN)
- Controller Area Network (CAN)
- FlexRay
- Media-Oriented Systems Transport (MOST)
- Ethernet
By Vehicle Class
- Economy
- Mid-Size
- Luxury
By Application
- Powertrain
- Body Control & Comfort
- Infotainment & Communication
- Safety & ADAS
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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