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The automotive communication protocols market share is expected to increase by USD 507.12 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.81%.
This automotive communication protocols market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive communication protocols market segmentation by application (passenger cars and commercial vehicles), technology (LIN, CAN, FlexRay, MOST, and Ethernet), and geography (APAC, Europe, North America, South America, and MEA). The automotive communication protocols market report also offers information on several market vendors, including Elmos Semiconductor AG, Infineon Technologies AG, Melexis NV, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, Texas Instruments Inc., and Xilinx Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing electrification in vehicles is notably driving the automotive communication protocols market growth, although factors such as additional cost to manage rough operating conditions of automotive networks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive communication protocols industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Communication Protocols Market Driver
The increasing electrification of vehicles is a major factor driving the global automotive communication protocols market share growth. Upgradation in automotive electronics and developments in automotive motors have been done with the addition of modern technologies in vehicles. Technological advancements are incorporated in several applications such as infotainment systems, heating, ventilation, and air conditioning (HVAC) systems, and several other electronic system applications. Technological advancement and their increasing adoption by end-users will boost the installation of electronic content in cars and commercial vehicles. Government regulations are also forcing the deployment of active safety systems in entry-level cars and hybrid and electric vehicles. This level of penetration on electrification in vehicles would act as one of the major factors in improving the automotive communication protocols market during the forecast period.
Key Automotive Communication Protocols Market Trend
The use of Ethernet to lay the backbone network of vehicles is another factor supporting the global automotive communication protocols market share growth. Address-based messaging is one of the features of Ethernet, which makes it a strong contender to be used for backbone networks of vehicles. In address-based messaging, every data packet is attached to a source and destination address. This is used by switches in an Ethernet network to send data packets to the appropriate recipient in the network. Once switches are installed, they can execute the same process without any upgrade in software in case of an altercation in the network. Any number of devices can be added to the network, as long as there are empty ports in the switches. In fact, many switches can be interconnected, thereby increasing the capacity of the network. This is the main reason for many manufacturers are developing a vehicle backbone network with the help of Ethernet. The enhanced version, Reduced Twisted Pair Gigabit Ethernet (RTPGE), can be used to design the network backbone of future cars and promote growth for the automotive communication protocols market during the forecast period.
Key Automotive Communication Protocols Market Challenge
The additional cost to manage rough operating conditions of automotive networks will be a major challenge for the global autootive communication protocols market share growth during the forecast period. Automotive networks usually operate under high temperatures and electromagnetic radiation. Hence, it is necessary to consider whether the communication protocols used can perform efficiently in such conditions. The abovementioned issue can be solved by using shielded Ethernet technology that does not exceed the limit for EMC emission. However, it requires expensive cables and connectors. Plastic optical fiber can also be used for 100Mbps Ethernet with a reach of 100m, but this is a costly solution. Automotive OEMs are already under constant cost pressures due to the influx of new technologies such as connected cars, autonomous driving, and ADAS systems. Hence, managing the high communication protocol needed for supporting the vehicles of tomorrow and at the same time not passing on the added cost to the customer would be a challenge for the automotive communication protocols market during the forecast period.
This automotive communication protocols market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The growth in the global automotive components and accessories market will be driven by factors such as an increase in electronic components in automobiles, integration of safety systems, increasing safety regulations, and technological improvements to reduce downtime of electric buses. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive communication protocols market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive communication protocols market encompasses successful business strategies deployed by the key vendors. The automotive communication protocols market is fragmented and the vendors are focusing on increasing the adoption of Ethernet in in-vehicle networks to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive communication protocols market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive communication protocols market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the automotive components and accessories market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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59% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive communication protocols in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The high-volume adoption of vehicles will facilitate the automotive communication protocols market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In the last quarter of 2020, many countries across APAC lifted the restrictions on various businesses. The vendors were then able to resume their routine operations by adhering to the COVID-19 guidelines of mandated social distancing and restricted entry of non-essential visitors at their facilities. In-person interactions in workplaces were limited and daily temperature monitoring was mandated at the entry points. Such initiatives are expected to help vendors remain operational and allow the market to recover slowly during the forecast period.
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The automotive communication protocols market share growth by the passenger cars segment will be significant during the forecast period. Automakers are focusing on increasing the safety level of passenger cars and are adopting advanced safety functions that need secure communications. Hence, the demand for automotive communication protocols will increase at a rapid rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive communication protocols market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Communication Protocols Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.81% |
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Market growth 2021-2025 |
$ 507.12 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.21 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 59% |
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Key consumer countries |
China, US, Germany, Japan, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Elmos Semiconductor AG, Infineon Technologies AG, Melexis NV, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, STMicroelectronics NV, Texas Instruments Inc., and Xilinx Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market segmentation by Technology
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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