Global Market Insights, Inc., anticipates Automotive Communication Technology Market to exceed a valuation of $18 billion by 2024. The global automotive communication technology market has lately been emerging as a highly pivotal vertical of the overall automotive space, primarily owing to the robust innovations pertaining to automotive electronics. Incidentally, post the introduction of electronic control units (ECUs) in the automotive industry, vehicles had begun to come equipped with numerous wires, circuits with enormous dedicated wiring, which led to complex, bulky and expensive wiring equipment. However, with the deployment of noteworthy advancements, the technologies used in automobiles have transformed drastically, paving the way for the expansion of automotive communication technology industry.
Global Automotive Communication Technology Market by mid-sized car segment is projected to grow at a CAGR of over 14% over the forecast timespan. The average wiring in a mid-sized car consists of over thousand wires weighing around 45 kilos and measuring around a km in length. This has enabled automotive manufacturers to include bus networking in their vehicles to reduce the electronic system complexity and cost.
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The global automotive communication technology market has lately been emerging as a highly pivotal vertical of the overall automotive space, primarily owing to the robust innovations pertaining to automotive electronics. Incidentally, post the introduction of electronic control units (ECUs) in the automotive industry, vehicles had begun to come equipped with numerous wires, circuits with enormous dedicated wiring, which led to complex, bulky and expensive wiring equipment. However, with the deployment of noteworthy advancements, the technologies used in automobiles have transformed drastically, paving the way for the expansion of automotive communication technology industry.
The vehicle-to-everything (V2X) communicates directly with nearby cars, which includes vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P) and vehicle-to-vehicle (V2V). Qualcomm’s product launch bears testimony to the fact that vehicles integrated with advanced technologies are likely to reduce automobile fatalities, which would further encourage automotive communication technology market players to work on their existing product portfolios.
Some of the recent tech-based inventions in the auto space include anti-lock brakes, telematics, infotainment capabilities and automatic transmission, that are revolutionizing the automotive industry, further encouraging automotive communication technology market players. One of the most important factors that will drive the automotive communication technology market growth is the stringent regulatory landscape established by regional governments regarding safety standards.
Browse key industry insights spread across 260 pages with 290 market data tables & 27 figures & charts from the report, “Automotive Communication Technology Market” : https://www.gminsights.com/industry-analysis/automotive-communication-technology-market
The leading companies functioning in the automotive communication technology market include: Robert Bosch, NXP Semiconductors, Microchip, Texas Instruments, Broadcom, Toshiba, Rohm Semiconductors, Qualcomm, Intel, and STMicroelectronics. The companies have adopted the strategy of mergers and acquisitions to expand their market presence and serve a larger customer base.
Major table of content: –
Chapter 2. Executive Summary
2.1. Automotive communication technology industry 360º synopsis, 2013- 2024
2.1.1. Regional trends
2.1.2. Bus module trends
2.1.3. Vehicle class trends
2.1.4. Distribution channel trends
2.1.5. Application trends
Chapter 3. Automotive Communication Technology Industry Insights
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Automotive communication technology ecosystem analysis
3.4.1. Automotive communication bus module providers
3.4.2. Automotive manufacturers
3.4.3. System integrators
3.4.5. End users
3.5. Automotive communication technology architecture analysis
3.6. Automotive communication technology evolution
3.7. Technology & innovation landscape
3.7.1. Predictive analytics
3.7.2. Automotive telematics
3.7.3. Wireless technology
3.8. Regulatory landscape
3.8.1. North America
3.8.3. Asia Pacific
3.9. Industry impact forces
3.9.1. Growth drivers
220.127.116.11. Stringent government regulations for reduction in automotive emission and improved vehicle safety
18.104.22.168. Rise in the sales for luxury vehicles
22.214.171.124. Development of autonomous vehicles
126.96.36.199. Growth in the demand for automotive electronics
188.8.131.52. Growing investment in automotive technology
3.9.2. Industry Pitfalls and Challenges
184.108.40.206. Growing cybersecurity threats in connected vehicles
220.127.116.11. High cost of the communication nodes inside the automotive
18.104.22.168. Challenges in the maintenance of vehicle network infrastructure
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-communication-technology-market
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