Automotive Ethernet Market size was valued at USD 2.06 Billion in 2021 and is projected to reach USD 12.38 Billion by 2030, growing at a CAGR of 22.12% from 2023 to 2030.
Automotive ethernet is a dependable and significantly quicker networking protocol that is powering emerging automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver assistance systems, infotainment systems, and more. Automakers are increasingly incorporating computer-based systems, apps, and connections into their vehicles. The cost of these devices is rising, as is the expense of the wire harness that supports them in terms of cabling, network connections, and onboard processing power. These costs can and will be reduced by deploying Ethernet. Ethernet is now suitable for usage in automobiles because of recent technological advancements.
Automotive Ethernet market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Automotive Ethernet market. On the basis of historic growth analysis and current scenario of Automotive Ethernet market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Automotive Ethernet market. This further helps user with their developmental strategy.
Electric vehicle (EV) adoption has advanced recently on a global scale. Car manufacturers have made significant financial investments in the creation of electric automobiles. In order to speed up the manufacture of electric vehicles for both the consumer and commercial segments, the federal government has launched a number of programmes.
Technology advancements and the expansion of the complete ecosystem, including advancements in chipsets and modules, the availability of lithium-ion batteries, and the modernization of charging infrastructure, have fueled the broad acceptance of electric vehicles. Automotive ethernet provides connectivity for a range of applications, including entertainment, body and comfort, ADAS (advanced driver assistance systems), and engine. It tackles the issues that designers face by providing high bandwidth applications that can function at either high or low rates.
During the analysis period, the market is anticipated to have many growth prospects due to the vehicle industry’s increasing emphasis on reducing its carbon impact. Also, it is projected that an increase in the number of manufactured automobiles will accelerate market growth.
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