Global Automotive Communication Technology Market To Register Double –Digit Growth By 2026 – ZMR

Global Automotive Communication Technology market amassed revenue worth nearly 7 (USD Billion) in 2019 and will register a CAGR of over 17% during the period from 2020 to 2026.

As per Zion Market Research, the global market was valued at USD 7 billion in 2019 and is expected to develop with a CAGR of more than 17% by 2026 Some of the major boosters for the market are the increasing number of electronic systems in passenger vehicles, sector norms & government mandates to lower emission, and enhanced safety of cars. The elevation in sales of premium cars and the rise of autonomous cars can make new income creation opportunities for automotive communication tech suppliers. On the other hand, rise in cybersecurity dangers for connected cars can act as a hindering factor for automotive communication technology suppliers.

Some of the key firms in the global market for automotive communication technology are Texas Instruments, Robert Bosch, Broadcom, Toshiba, and NXP.

The global market is divided by application, bus module, region, and vehicle class. Zion Market Research discusses five automotive communication tech bus modules, such as, CAN (controller area network), LIN (local interconnect network), MOST (media oriented systems transport), FlexRay, and ethernet. CAN category is predicted to add up for the biggest market share. This section is powered by factors such as rising electronic content for applications such as body comfort & control, powertrain, and communication & infotainment.

Get Free Sample Report PDF @ https://www.zionmarketresearch.com/sample/automotive-communication-technology-market

Safety & ADAS Category Predicted To Be The Quickest Developing Market For Automotive Communication Tech, Based On Application

The safety & ADAS category is predicted to be the quickest developing market for automotive communication tech, based on application. It is followed by body comfort & control, communication & infotainment, and powertrain. The development of the safety & ADAS category can be credited to the rising government obligation for security norms in the automotive sector.

Economy Vehicle Class Section Of The Global Market Predicted To Develop At The Max CAGR In The Coming Period

The economy vehicle class section of the global market is predicted to develop at the max CAGR in the coming period. It is followed by mid-size and luxury vehicle class sections. The luxury vehicle class section is predicted to add up for the biggest share of the market.

Asia Pacific Predicted To Have The Biggest Share Of The Market And Develop At A Noteworthy Rate In The Years To Come

The Asia Pacific is predicted to have the biggest share of the market and is predicted to develop at a noteworthy rate in the years to come. The market development in the area can be credited to the rise in vehicle manufacturing and government obligations related to the passive and active security of vehicles. Moreover, the rising spending in construction activities & infrastructure and rising sales of luxury cars are also expected to power the market development in this region.

The global automotive communication technology market is segmented as follows:

By bus module

Local Interconnect Network (LIN)
Controller Area Network (CAN)
FlexRay
Media-Oriented Systems Transport (MOST)
Ethernet

By application

Powertrain
Body Control & Comfort
Infotainment & Communication
Safety & ADAS

By vehicle class

Economy
Mid-Size
Luxury

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/automotive-communication-technology-market

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465
Website: https://www.zionmarketresearch.com/

Release ID: 88983366