Pune, India -- (SBWIRE) -- 05/15/2019 -- The report analyzes and forecasts the automotive communication technology market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

Some of the major growth drivers for the market are the growing number of electronic systems in passenger cars, government mandates, and industry norms to reduce emission and improve the safety of vehicles. The rise in sales of premium vehicles and the emergence of autonomous vehicles can create new revenue generation opportunities for automotive communication technology providers. However, increase in cybersecurity threats for connected vehicles can pose a challenge for automotive communication technology providers.

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The global automotive communication technology market is segmented by bus module, application, vehicle class, and region. The report discusses five automotive communication technology bus modules, namely, local interconnect network (LIN), controller area network (CAN), FlexRay, media oriented systems transport (MOST), and ethernet. CAN segment is estimated to account for the largest share of the automotive communication technology market. This segment is driven by factors such as increasing electronic content for applications such as powertrain, body control & comfort, and infotainment & communication.

The safety & ADAS segment is estimated to be the fastest growing market for automotive communication technology, by application. It is followed by infotainment & communication, body control & comfort, and powertrain. The growth of the safety & ADAS segment can be attributed to the increasing government mandates for safety norms in the automotive industry.

The economy vehicle class segment of the automotive communication technology market is expected to grow at the highest CAGR during the forecast period. It is followed by luxury and mid-size vehicle class segments. The luxury vehicle class segment is estimated to account for the largest share of the automotive communication technology market, following its wide application in vehicle electronics.

The Asia Pacific market is projected to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and government mandates regarding the active and passive safety of vehicles. In addition, the increasing investment in infrastructure, construction activities, and increasing sales of luxury vehicles are also projected to drive the market growth in this region. Some of the major restraints for the global automotive communication technology market are high complexity and less reliability of electronics architecture and higher cost per node with the increase in communication nodes in a vehicle.

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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global market. The Porter's Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants' insights, and recognizing business opportunities.

Market Segmentation

Automotive Communication Technology Market, By Bus Module
Local Interconnect Network (LIN)
Controller Area Network (CAN)
FlexRay
Media-oriented Systems Transport (MOST)
Ethernet

Automotive Communication Technology Market, By Vehicle Class
Economy
Mid-Sized
Luxury

Automotive Communication Technology Market, By Distribution Channel
OEM
Distributors

Automotive Communication Technology Market, By Application
Powertrain
Body and Comfort Electronics
Infotainment and Communication
Safety and ADAS
Others

Global Automotive communication technology Market, by Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Chile
Rest of Latin America
Middle East and Africa (MEA)
South Africa
Saudi Arabia
Rest of MEA

Market Participants

The global automotive communication technology market is characterized by the presence of experienced and established players. Some of the key players include NXP Semiconductor, Intel, Vector Informatik, Continental, On Semiconductor, Broadcom, Qualcomm, Microchip, Robert Bosch, Renesas, Elmos Semiconductor, STMicroelectronics, Xilinx, Melexis, Infineon, Texas Instruments and Cypress Semiconductor.

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