Feb 20, 2019   SOURCE: PR NewsWire

Global Automotive Communication Technology Market Forecast to 2025 - ADAS is Estimated to be the Fastest Growing Segment

DUBLIN, Feb. 20, 2019 /PRNewswire/ -- The "Automotive Communication Technology Market by Bus Module (LIN, CAN, FlexRay, MOST, and Ethernet), Application (Powertrain, Body Control & Comfort, Infotainment & Communication, and Safety & ADAS), Vehicle Class, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

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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.

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Automotive Communication Technology Market, 2018 vs 2025
4.2 Automotive Communication Technology Market, By Region
4.3 Automotive Communication Technology Market, By Bus Module
4.4 Automotive Communication Technology Market, By Application
4.5 Automotive Communication Technology Market, By Vehicle Class

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Contribution of Electronic Systems in Passenger Cars
5.2.1.2 Government Mandates and Industry Norms to Reduce Emission and Improve the Safety of Vehicles
5.2.2 Restraints
5.2.2.1 More Complexity and Less Reliability of Electronics Architecture
5.2.2.2 Higher Cost Per Node With the Increase in Communication Nodes in A Vehicle
5.2.3 Opportunities
5.2.3.1 Emergence of Autonomous Vehicles
5.2.3.2 Rise in Sales of Premium Vehicles
5.2.4 Challenges
5.2.4.1 Increase in Cybersecurity Threats for Connected Vehicles
5.2.4.2 Maintenance and Troubleshooting for Vehicle Network Architecture

6 Automotive Communication Technology Market, By Bus Module
6.1 Introduction
6.2 Local Interconnect Network (LIN)
6.3 Controller Area Network (CAN)
6.4 Flexray
6.5 Media-Oriented Systems Transport (MOST)
6.6 Ethernet

7 Automotive Communication Technology Market, By Application
7.1 Introduction
7.2 Powertrain
7.3 Body Control & Comfort
7.4 Infotainment & Communication
7.5 Safety & Adas

8 Automotive Communication Technology Market, By Vehicle Class
8.1 Introduction
8.2 Economy
8.3 Mid-Size
8.4 Luxury

9 Automotive Communication Technology Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Rest of Asia Pacific
9.3 Europe
9.3.1 France
9.3.2 Germany
9.3.3 Italy
9.3.4 Spain
9.3.5 UK
9.3.6 Rest of Europe
9.4 North America
9.4.1 CANada
9.4.2 Mexico
9.4.3 US
9.5 Rest of the World (RoW)
9.5.1 Brazil
9.5.2 Russia
9.5.3 South Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Situation & Trends
10.3.1 New Product Development
10.3.2 Collaboration
10.3.3 Partnership
10.3.4 Expansion

11 Company Profiles
11.1 Robert Bosch
11.2 Toshiba
11.3 Broadcom
11.4 Texas Instruments
11.5 NXP
11.6 Stmicroelectronics
11.7 Infineon
11.8 Renesas
11.9 on Semiconductor
11.10 Microchip
11.11 Continental
11.12 Cypress Semiconductor
11.13 Rohm Semiconductor
11.14 Xilinx
11.15 Melexis
11.16 Elmos Semiconductor
11.17 Vector Informatik
11.18 Intel
11.19 Maxim Integrated
11.20 Qualcomm

For more information about this report visit https://www.researchandmarkets.com/research/rmfdjr/global_automotive?w=5

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