DUBLIN--(BUSINESS WIRE)--The "Global Automotive Ethernet Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global automotive ethernet market attained a value of USD 1231.8 million in 2020. The market is further expected to grow at a CAGR of 22.9% in the forecast period of 2021-2026. The industry is expected to reach a value of USD 4199.4 million by 2026 owing to an increasing global demand for automobiles.

Physical networking, often known as automotive ethernet, is used to connect components within a car using a wired network. Smartphone connectivity, navigation, high-powered entertainment systems, driver safety systems, and other modern features are all enabled by ethernet in automobiles. Automotive ethernet was created expressly to fulfil the needs of the automotive sector, allowing for speedier data transmission.

With the rising need for advanced driver assistance systems and entertainment in passenger cars, the automotive ethernet market is expected to rise fast over the projected period. Moreover, the automotive ethernet market is predicted to develop due to increased acceptance of low-cost ethernet technology by automakers and advancements in the area. The increase in production can be attributed to a reduced cost and continuous miniaturisation of hardware components, which is helping the market to increase.

The increase in demand for personal vehicles across the globe has affected the air quality drastically in the world. The carbon emission by vehicles is severely affecting the environment. Therefore, governments across the globe are promoting green transportation and providing subsidies for the purchase of electric vehicles. Hence, the rise in demand for electric vehicles is expected to drive the growth of the automotive ethernet switches market.

Technology advancements, government policies, growth in the consumer economy, and OEM's investments are the key drivers boosting EV production. The growing adoption of Internet of Things (IoT) solutions in automotive is providing growth opportunities to a wide range of highly connected modern ADAS and autonomous driving functions. The global demand for automotive Ethernet is growing as disposable income rises. The rise in demand for premium vehicles will drive up demand for automotive ethernet switches.

Market Segmentation

The market report analyses the market based on segmentations such as component, bandwidth, vehicle type, application, and major regions.

Market Breakup by Component

• Hardware
• Software
• Services

Market Breakup by Bandwidth

• 10Mbps
• 100Mbps
• 1Gbps
• 2.5/5/10Gbps

Market Breakup by Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Farming and Off-Highway Vehicles

Market Breakup by Application

• Advanced Driver Assistance Systems
• Infotainment
• Powertrain
• Body and Comfort
• Chassis

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Some of the major players in the market explored in the report are:

• Broadcom Inc.
• NXP Semiconductors N.V.
• Marvell Technology Group
• Microchip Technology Inc.
• Molex, LLC
• Texas Instruments Incorporated
• Cadence Design Systems, Inc.
• TTTech Computertechnik AG
• Vector Informatik GmbH

For more information about this report visit https://www.researchandmarkets.com/r/1173zp

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900