Automotive Ethernet market to be worth $5.5 billion by 2028

Chicago, February 5, 2024 /PRNewswire/ — Automotive Ethernet market Size is predicted to grow from $2.2 billion By 2023 5.5 billion dollars at a CAGR of 19.7% by 2028. According to a new report from MarketsandMarkets™. With the growing demand for faster in-vehicle networking, the demand for in-vehicle Ethernet is also expected to increase. Additionally, continued innovation in connected car capabilities will drive demand for automotive Ethernet.

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Automotive Ethernet market range:

Network segment is expected to have the largest share in the global automotive Ethernet market

The network segment is expected to hold the largest share in the Automotive Ethernet industry during the forecast period. As the vehicle landscape evolves towards smart functionality, connectivity, and autonomous driving, the automotive Ethernet networking section is experiencing tremendous growth beyond other areas. The need for high-bandwidth connectivity for infotainment and ADAS, the cost-effectiveness and scalability of Ethernet compared to older CAN bus systems, and the role of Ethernet in enabling important technologies such as V2X communications are all driving the issue. We are promoting this boom. Automotive Ethernet product and solution providers work closely with vehicle manufacturers to develop and deliver efficient solutions. For example, NXP Semiconductors announced on . July 2023 intends to collaborate with Mahindra and Mahindra Corporation (India) on connected vehicles. Automotive Ethernet, with its improved data processing capabilities and future-proof architecture, will serve as the foundation for next-generation vehicles, ensuring a safer, more efficient and sophisticated transportation experience.

2.5/5/10 Gbps bandwidth segment is estimated to exhibit the fastest growth in the global Automotive Ethernet market

2.5/5/10 Automotive Ethernet's Gbps bandwidth range represents a quantum leap in data transfer speeds, facilitating ultra-fast communications within vehicles. The standard enables a host of data-intensive applications, including very high-resolution multimedia streaming, complex real-time sensor fusion for advanced autonomous driving systems, and seamless vehicle-to-vehicle (V2V) and vehicle-to-vehicle integration. It will be possible. -Infrastructure (V2I) communications. This 2.5/5/10 Gbps bandwidth is defined by IEEE 802.3ch. 2 uses PAM4 encoding, full-duplex transmission, and point-to-point topology.5/5/10 Bandwidth in Gbps. These bandwidths enable the high data rates needed for autonomous driving systems. These applications require lossless video transmission to deliver high-resolution video for image recognition. Self-driving systems are linked to actuators that take over control of the car, and video and other connections must not be interrupted. Several companies in the automotive Ethernet market offer products and solutions that can support these high bandwidths. For example, the Q6223 automotive Ethernet switch was released in 2013 by Marvell Technology. June 2023 Accommodates multiple PHYs capable of data transfer rates of 2.5 Gbps.

Germany Leading the electric vehicle tire market Europe

Germany is expected to become the largest market in Europe For electric vehicle tires during the forecast period.Automotive Ethernet is growing rapidly GermanyThis is due to the country's status as a global automotive powerhouse and its continued commitment to technological innovation. GermanyKnown for its superior engineering capabilities and cutting-edge vehicle manufacturing, the company is at the forefront of driving automotive development. The country's automotive and technology giants are actively leading research and development efforts, with a focus on incorporating the latest technologies into their vehicles, such as driver monitoring, OTA software updates, and high-speed networking solutions.Key factors driving growth Germany This includes the industry's continued pursuit of technological advancement, government support for research and innovation, rigorous safety standards that require robust in-vehicle networking solutions, and vehicles equipped with cutting-edge safety features and seamless connectivity. includes an increasingly demanding consumer base. Germany The company has a significant presence in automotive Ethernet product and solution providers such as Rhode & Schwarz, Ruetz System Solutions GmbH, Infineon Technologies AG and TSN Systems GmbH.in February 2023Lord & Schwartz announces investment $65.2 million Develop new research and manufacturing centers in the country.

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Key market players:

main players in automotive ethernet companies Broadcom (USA), Marvell (USA), Microchip Technology Inc. (USA), NXP Semiconductors (Netherlands), Texas Instruments Inc. (USA), etc.

recent trends

• in November 2023Broadcom announced that it has completed its acquisition of VMware, Inc. in the US in about a year. $61 billion. This acquisition accelerates innovation and provides more options and flexibility to build, run, manage, connect and secure applications at scale.
• in October 2023Microchip Technology Inc. announces expansion of its Detroit Automotive Technology Center. Novi, Michigan. The new 24,000-square-foot building also adds high-voltage and e-mobility labs, as well as technical training rooms for automotive customers to create and improve their solutions.
• in September 2023Marvell announced plans for a new research and development center in 2019. pune, india. This new establishment is expected to double his current number of employees.
• in September 2023Cadence Design Systems, Inc. announced the completion of its acquisition of Intrinsix Corporation from CEVA. $35 million. This acquisition will allow Cadence Design Systems to advance in high-growth areas such as automotive and consumer electronics through its newfound expertise in advanced node, radio frequency, mixed-signal, and security algorithms. Masu.
• in July 2023NXP Semiconductors announces partnership with VinFast (Vietnam) The early stages of the new VinFast automotive project will use NXP's wide range of system solutions for cutting-edge applications.
• in June 2023Texas Instruments, Inc. has announced its intention to expand its internal manufacturing footprint. Malaysia By establishing two new assembly and testing facilities in kuala lumpur And Malacca. Adding up these investments, we get 2 billion dollars and 1 billion dollarssupports TI's goal of bringing 90% of assembly and testing activities in-house by 2030 to improve supply management.

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