Info
Info

Advanced Driver-Assistance Systems Estimated to be the Fastest Growing Technology Segment to 2025

News

The global automotive communication technology market is estimated to be USD 6.78 billion in 2018 and is projected to grow at a CAGR of 16.7% during the forecast period, to reach USD 19.99 billion by 2025.

Info

Some of the major growth drivers for the market are the growing number of electronic systems in passenger cars, government mandates, and industry norms to reduce emission and improve the safety of vehicles. The rise in sales of premium vehicles and the emergence of autonomous vehicles can create new revenue generation opportunities for automotive communication technology providers. However, increase in cybersecurity threats for connected vehicles can pose a challenge for automotive communication technology providers.

The global automotive communication technology market is segmented by bus module, application, vehicle class, and region. The report discusses five automotive communication technology bus modules, namely, local interconnect network (LIN), controller area network (CAN), FlexRay, media oriented systems transport (MOST), and ethernet. CAN segment is estimated to account for the largest share of the automotive communication technology market. This segment is driven by factors such as increasing electronic content for applications such as powertrain, body control & comfort, and infotainment & communication.

The safety & ADAS segment is estimated to be the fastest growing market for automotive communication technology, by application. It is followed by infotainment & communication, body control & comfort, and powertrain. The growth of the safety & ADAS segment can be attributed to the increasing government mandates for safety norms in the automotive industry.

The economy vehicle class segment of the automotive communication technology market is expected to grow at the highest CAGR during the forecast period. It is followed by luxury and mid-size vehicle class segments. The luxury vehicle class segment is estimated to account for the largest share of the automotive communication technology market, following its wide application in vehicle electronics.

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.




The Latest News, Brought To You By
Advanced Driver-Assistance Systems Estimated to be the Fastest Growing Technology Segment to 2025
Modified on Wednesday 20th February 2019
Find all articles related to:
Advanced Driver-Assistance Systems Estimated to be the Fastest Growing Technology Segment to 2025
TaaS Technology Magazine
Info
Volta Trucks Selects Meritor To Supply The Innovative Electric Drivetrain For The Volta Zero
Mazda First OEM To Join The EFuel Alliance
Riversimple And Siemens: The Beginning Of A Long-term Strategic Relationship
Cosworth And Delta Sign Agreement For Acquisition
REE Automotive Opens New Engineering Center Of Excellence In The UK
Daimler Plans Separation Into Two Pure-play Companies And Majority Listing Of Daimler Truck To Accelerate Into Zero- Emissions And Software-driven Future
Trimble Teams With ROBORACE
Plus Commits To Deploy Ouster’s Digital Lidar Sensors
Alauda Unveils The World’s First Flying Electric Racing Car
How The Volkswagen ID.4 Communicates With Light
Abarth Launches World’s First Virtual Reality Test Drive Delivered To Homes
AIR Index Vehicle Emissions Rating System Offers First Realistic, Fully-fledged Alternative To Official Data
Ouster Achieves Major Automotive Grade Milestone
Hyundai Motor Group Unveils TIGER Uncrewed Ultimate Mobility Vehicle Concept
Kia Unveils Roadmap For Transformation, Focusing On EVs And Mobility Solutions
Forward31 And Lufthansa Innovation Hub Launch Startup Partnership
VivoPower Secures 100% Ownership Of Tembo E-LV B.V.
AVL Advances Development Of Hydrogen Internal Combustion Engine For CO2 Neutral Transportation
Humax To Supply RAiDEA Mobility Service Platform In The Middle East
Ford Raises Planned Investment In EV, AV Leadership To $29 Billion
Kia Starts Pilot Of Last-mile Delivery Service In Singapore For Future PBV Business
Faurecia And Immersion Partner For Haptic Automotive Technologies
Niro EV’s Latest Accolade Reinforces The Strength Of Kia’s Electric Vehicle Lineup
Targa Telematics Supports Leasys Miles In The UK
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event