Press Release

Automotive Ethernet Market value worth at USD 1,418 Mn in 2019

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Automotive Ethernet Market Share was valued at USD 1,418 Million in 2019 and is expected to register a CAGR of 21.2% during the forecast period. GMI Research foresees that the automotive ethernet market is estimated to witness tremendous growth over the forecast period due to the rising adoption of ADAS and infotainment system in vehicles. An increase in disposable income promotes individuals to go for luxury vehicles, as luxury vehicles have the highest usage of automotive ethernet technology. 

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Introduction of the Automotive Ethernet  

Automotive Ethernet is the physical network join components inside the car by wired networks. It is mainly designed to reach the dynamic demand of the automotive sector, such as the robust demand for connectivity and automation. The Ethernet technology is utilized for measurement, in-vehicle communication, diagnostics through DoIp, and calibration. The automotive ethernet is very cost-effective, gives higher scalability, and is light-weighted. 

Automotive Ethernet Market Dynamics 

The notable factors expanding the growth of the Global Automotive Ethernet Market are the in-vehicle infrastructure high complexity, along with the radical increase in the implementation of infotainment systems and ADAS in the vehicles. The swiftly growing per capita income of individuals is supporting them to go for luxury vehicles. Therefore, the luxury and premium vehicle sector is one of the vastest sectors utilizing ethernet technology in their vehicles. It is displaying perpetual growth in the Automotive Ethernet Market Opportunities

For instance, the global giants, including Jaguar and BMW, are increasingly adopting ethernet technology in their upcoming models. Moreover, the automotive Ethernet technology offers exceptional benefits like minimizing the overall cost of procurement and surging the profit margins of original equipment manufacturers (OEMs), which in turn, is encouraging many OEMs to choose this technology. On the other hand, the cost of implementing and maintaining automotive Ethernet is very high, which is one of the crucial factors that will restrain the automotive ethernet market size in the upcoming years.

Automotive Ethernet Market Segmentation 

Component Market Drivers 

The services segment is predicted to grow at a faster CAGR over the forecast period. The services segment involves implementation, training & support, and consulting. The substantial demand for consulting services amongst the OEMs to streamline the in-vehicle network complexities is the critical factor propelling the segment growth. In addition, the increasing occurrences of hurdles faced throughout the implementation of ethernet in vehicles further promote the requirement for training and support services. 

Bandwidth Market Drivers 

Based on bandwidth, the 1Gbps segment is expected to lead the market during the forecast period. It is attributed to the high need for bandwidths, which in turn, is encouraging the OEMs to spend on high-speed data transference for stable functioning for in-vehicle connectivity. The 1Gbps ethernet provides higher bandwidth and lower latency for automotive uses, primarily in infotainment systems and the ADAS. 

Application Market Drivers 

The advanced driver assistance systems segment is estimated to increase at a faster CAGR over the forecast period based on the application. The factors that act as the propellers in boosting the ADAS segment in the market are a paradigm shift in the consumer’s preference and robust demand for secure and fuel-efficient vehicles. The prompt increment in the requirement for integrating vehicles with automated devices is rising the OEMs to build in-car infrastructure according to the growing demand for next-generation connected cars and autonomous vehicles amongst the target audience. 

Geographical Drivers 

Based on region, the Asia-Pacific region is projected to dominate the market during the forecast period. It is due to the constant technological advancement in the automotive industry, coupled with the actual economic growth of the Asian countries and steady socio-political conditions in the region. Therefore, the mass consumer base in developing countries, such as India, China, and Malaysia, also promotes the rising demand of the market. With the increasing disposable income of individuals, the OEMs have countless growth opportunities in the APAC market by primarily concentrating on enriching customer experience and intensifying safety and security features. 

Automotive Ethernet Market Segmentation 

Market Segmentation by Component 

  • Hardware
  • Software
  • Services
  • Consulting
  • Implementation
  • Training and Support

Market Segmentation by Bandwidth 

  • 10Mbps
  • 100Mbps
  • 1Gbps
  • 5/5/10Gbps

Market Segmentation by Vehicle Type 

  • Advanced Driver Assistance Systems (ADAS)
  • Infotainment
  • Powertrain
  • Body and Comfort
  • Chassis

Market Segmentation by Application 

  • Passenger Cars
  • Commercial Vehicles
  • Farming and Off-highway Vehicles

Market Segmentation by Region

North America 

  • United States of America 
  • Canada

Europe 

  • United Kingdom (UK) 
  • Germany 
  • France 
  • Spain 
  • Rest of Europe

Asia-Pacific 

  • China 
  • India 
  • Japan 
  • Rest of APAC

RoW 

  • Brazil 
  • South Africa 
  • Saudi Arabia 
  • UAE 
  • Rest of world

About GMI Research 

GMI Research is an uprising marketing research and consulting organization that provides an in-depth analysis of profiles of enterprises. We offer excellent research-based business solutions and help our clients in making valuable investment decisions and expanding revenue. We give specific research-based reports and consulting services based on insight facts to validate our clients gaining success by defeating the competitors. 

Tags: Global Automotive Ethernet Market, Automotive Ethernet Market, Automotive Ethernet Market Size, automotive Ethernet Market Opportunities

See Campaign: https://www.gmiresearch.com/report/automotive-ethernet-market-telematics-gps/
Contact Information:
Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

Tags:
IPS, Menafn, PR-Wirein, Extended Distribution, Research Newswire, English

Contact Information:

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

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