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Automotive Communication Technology Market Size, Share, Report, Analysis, Trends & Forecast to 2026

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According to Stratistics MRC, the Global Automotive Communication Technology Market is accounted for $5.22 billion in 2017 and is expected to reach $24.39 billion by 2026 growing at a CAGR of 18.7% during the forecast period.

— Factors such as rising contribution of electronic systems in passenger cars, government mandates and industry norms to reduce emission and improve the safety of vehicles are fuelling the market growth. However, more complexity and less reliability of electronics architecture are hampering the market.

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Automotive Communication Technology is helped in vehicle for uninterrupted and better communication with other vehicles. The automotive industry has evolved rapidly over the past decade with the rising usage of Electronic Control Units (ECUs), which have positively influenced the way various automobile subsystems communicate.

Among bus module, Controller Area Network (CAN) segment has substantial growth during the forecast period. The increase in electronic components in the powertrain and body control & comfort applications is driving the market for CAN in the global automotive communication technology market.

By Geography, Asia Pacific is expected to grow at the significant market share during the forecast period. The market growth in the region can be attributed to factors such as factory fitted advanced electronics and government initiatives regarding the use of electronics to minimize the emissions from powertrain system and improve the safety applications in the vehicle.

Access the complete report at: https://www.strategymrc.com/report/automotive-communication-technology-market

Some of the key players in global automotive communication technology market are Texas Instruments, Intel, Microchip, Toshiba, Xilinx, on Semiconductor, Robert Bosch, Rohm Semiconductor, Infineon, Broadcom, Cypress Semiconductor, NXP, Continental, Renesas, Melexis, Stmicroelectronics, Elmos Semiconductor, Qualcomm, Vector Informatik and Maxim Integrated.

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Vehicle Classes Covered:
• Luxury
• Mid-Size
• Economy

Bus Modules Covered:
• Flexray
• Media-Oriented Systems Transport (MOST)
• Local Interconnect Network (LIN)
• Ethernet
• Controller Area Network (CAN)

Distribution Channels Covered:
• Distributors
• Original Equipment Manufacturer (OEM)

Applications Covered:
• Body Control & Comfort
• Safety & Advanced Driver-Assistance Systems (ADAS)
• Powertrain
• Infotainment & Communication
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/automotive-communication-technology-market-size-share-report-analysis-trends-forecast-to-2026/520057

Source: MarketersMedia

Release ID: 520057

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