The automotive transceivers market can be expected to register a higher growth rate from the chassis and safety segment. Global automobile manufacturers are installing EPS in their current and upcoming models to improve driver safety and include added features. Recently, Honda unveiled a new Sport model of its HR-V lineup for Europe which has Honda’s Agile Handling Assist system, a specific steering feature. It utilizes a variable EPS for adjusting the amount of feel through the wheel based on steering angle and speed. Honda claims the system delivers a steady and smoother response for different steering angles, making it safer to drive. As increasing number of vehicles are produced with similar systems incorporated within them
Automotive Transceivers Market is expected to reach USD 7 billion by 2024. The rapid innovation and electrification of vehicular systems, such as drivetrain, steering, and engines, is accelerating the automotive transceivers market growth. Due to the high amount of pollution and energy consumption in conventional vehicles, the OEMs and suppliers have innovated automobile systems which provide low-emission benefits
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The North America automotive transceivers market is expected to grow at a rapid pace owing to the increasing demand for passenger and commercial vehicles in the region. The rapid adoption of autonomous driving technologies in the U.S. and government support to develop these vehicles are the major factors contributing to the increasing transceiver demand. Moreover, the highly competitive automobile industry in North America enforces OEMs to offer technically advanced and legally compliant vehicles. The vehicle innovations including alternate powertrain, ADAS, and real-time navigation are increasingly consumed by the U.S.-based OEMs, further contributing to the automotive transceivers market growth.
Traditionally, most of the power steering systems in vehicles are hydraulic systems, but the electric power steering systems are gaining enormous momentum due to the increased efficiency and performance they offer. Elimination of the different physical components of a hydraulic system makes EPS a smaller and lighter alternative, depending mostly on communication between electronic control units and sensors. The growing adoption of EPS in cars and commercial vehicles will propel the automotive transceivers market revenue. A key benefit of the EPS system is that it powers the EPS motor only when it is required, making it notably more efficient.
The key companies present in the automotive transceivers market include: NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, Infineon Technologies AG, National Instruments, Microchip Technology, Inc., Texas Instruments, Analog Devices, Inc., Broadcom, Inc., and Robert Bosch GmbH. These players adopt various product development and innovation strategies that include the evolution of high bandwidth providing interfaces. Furthermore, the leading players also focus on developing partnerships and acquisition strategies to strengthen the regional presence and expand their product portfolio.
Browse key industry insights spread across 430 pages with 536 market data tables & 31 figures & charts from the report, “Automotive Transceivers Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-transceivers-market
Major Table of content: –
Chapter 1. Methodology & Scope
1.1. Definitions & forecast parameters
1.1.1. Definition & scope
1.1.2. Assumptions, methodology & forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive transceivers industry 360º synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Protocol trends
2.1.4. Application trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Global automotive electronics market size, 2013 – 2024
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
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