Market Size of Automotive Ethernet Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 23.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Ethernet Market Analysis
The automotive ethernet market is expected to reach a CAGR of 23.5% during the forecast period. An ethernet network with a physical layer customized for usage in the car industry is known as automotive ethernet. Utilizing modern Phy transceivers provides a system that can meet vehicle electromagnetic compatibility and immunity standards, lowering the cost of cable.
- The increased deployment of Advanced Driver Assistant System (ADAS), infotainment, rapid progress in the development of autonomous vehicles, and the low cost of ethernet has led to the immense growth of automotive ethernet as it serves the purpose of connecting in-vehicle electronic system efficiently as compared to traditional harness.
- Automotive ethernet offers connectivity across automotive applications, such as powertrain, chassis, body and comfort, ADAS, and infotainment systems. Supporting high bandwidth applications operating at high or low speed addresses the challenges designers and engineers face in integrating different systems.
- Ethernet tends to bypass traditional cabling for connectivity, allowing all vehicle components to connect with lighter and more effective wires. This alone has enabled manufacturers to reduce connectivity costs by 80% and cabling weight by 30%. This also serves as a potential application for the cost-effective development of a connected car.
- High-performance navigation systems, high-end entertainment, and telematics require the system to remain 'always on' in a connected car. The increasing bandwidth for in-vehicle data communications has driven the ethernet deployment market.
- With the recent outbreak of COVID-19, the automotive ethernet market is witnessing a decline in growth in the short run due to major automotive manufacturing plants having stopped their production in response to the lockdown being enforced by many countries across the world.
