new york , February 5, 2024 /PRNewswire/ — Automotive central gateway module market It is estimated that it will grow up to $1.15 a billion in CAGR 7.09% According to Technavio, from 2022 to 2027. Increasing government support to promote EVs is a key factor driving growth. Governments are prioritizing the adoption of electric vehicles (EVs) to address concerns such as oil dependence, climate change, and air quality. Incentives are being provided to consumers to encourage EV adoption, contributing to growth. CGM plays a critical role in EVs, facilitating real-time and secure communication of battery status. Despite sharing functionality with internal combustion engine (ICE) vehicles, EV CGMs have a high electronic content and must support diverse networking technologies for secure external communications.
Technavio has published its latest market research report titled Global Automotive Central Gateway Module Market 2023-2027.
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Aptiv Plc, Beijing Jingwei Hidein Technologies Co. Inc., Continental AG, DENSO Corp., FEV Group GmbH, Flex Ltd., Hitachi, Ltd., Infineon Technologies AG, Lear Corp., MarkLines, MRS Electronic GmbH and Co. KG, Key companies include NXP Semiconductors NV, Omron Corporation, Panasonic Holdings Corporation, Renesas Electronics Corporation, Robert Bosch GmbH, STMicroelectronics NV, Tata Elxsi Ltd, TDK Corp., and Texas Instruments Inc.
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Technavio has developed a range of applications (passenger cars and commercial vehicles), types (LIN Central Gateway Modules, CAN Central Gateway Modules, and Ethernet Central Gateway Modules), and geography (APAC, North America, Europe, south americaand middle east and Africa).
- growth of Passenger car segment will become important during the forecast period. The automotive industry is prioritizing enhancing the safety of passenger vehicles with advanced safety features that require secure communication. Demand for automotive connectivity gateway modules (CGMs) is rapidly increasing as passenger vehicles become increasingly electrified and incorporate advanced safety, security, propulsion, connectivity, and environmental features. The proliferation of electronic control units (ECUs) in vehicles requires a robust CGM to manage secure data communication between ECUs.
The global automotive central gateway module market is geographically divided into APAC, North America, Europe, south americaand the middle east and Africa. This report provides actionable insights and estimates the contribution to growth of every region.
- Asia Pacific estimated to contribute 43% Contributing to the growth of the global market during the forecast period. A rapid rise in disposable income and an increase in luxury cars. India and China Contributes to increased demand. The South Asia region has become a hub for automotive electronics production, benefiting from low labor costs and proximity to manufacturing plants. This cost advantage reduces vehicle manufacturing costs, increases the demand for luxury cars with advanced features, and drives the adoption of connectivity gateway modules (CGMs) with robust networking capabilities.
Insights on the contribution of various segments, including historical data (2017-2021) and forecast market size (2023-2027) by country and region – Download Free Sample Report
- Developing integrated cybersecurity solutions are the key trends shaping growth.
- Low consumer awareness of advanced safety technology hinders CGM's profit growth This will pose a significant challenge in limiting growth.
Insights on drivers, trends, challenges, historical period (2017-2021), and forecast period (2023-2027) – Request a free sample report.
Automotive Central Gateway Module: Benefits
Automotive central gateway modules serve as critical components of modern automotive electronics, facilitating vehicle connectivity and communication within the vehicle network. It acts as a central hub for various in-vehicle control units and electronic control modules, enabling seamless integration of in-vehicle technology and IoT in in-vehicle applications. This module plays a key role in processing vehicle data and supporting connected cars and vehicle communication systems, while ensuring vehicle cybersecurity and vehicle diagnostics. This contributes to the vehicle's efficient electronic architecture and enables networking with automotive software such as the CAN bus, telematics, and vehicle data exchange. Overall, the central gateway module enhances the integration of vehicle electronics and provides an automotive connectivity solution for advanced automotive systems.
What are the key data covered in this Automotive Central Gateway Module Market report?
- CAGR during the forecast period
- More information on the factors driving growth from 2023 to 2027
- Accurate estimation of size and contribution to parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Automotive Central Gateway Module Industry Growth Across APAC, North America, Europe, south americaand the middle east and Africa
- Thorough analysis of the competitive environment and detailed information about companies
- Comprehensive analysis of factors hindering the growth of Automotive Central Gateway Module companies
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table of contents:
executive summary
market scenery
Understanding market size
historical size
five forces analysis
Segmentation by application
Segmentation by type
Segmentation by geography
customer situation
geographical landscape
Drivers, challenges and trends
Company scenery
Company analysis
appendix
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