NEW YORK , Aug. 6, 2024 /PRNewswire/ -- The global automotive ethernet market size is estimated to grow by USD 9.57 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 30.08% during the forecast period. Increasing demand for high bandwidth and lightweight materials is driving market growth, with a trend towards use of ethernet to lay the backbone network of vehicles.
However, oems skeptical about adopting ethernet in vehicles poses a challenge. Key market players include ACTIA PCS, Amphenol Communications Solutions, Broadcom Inc., Cadence Design Systems Inc.
, Dasan Network Solutions, Infineon Technologies AG, Intrepid Control Systems Inc., Keysight Technologies Inc., Marvell Technology Inc.
, Microchip Technology Inc., Mouser Electronics Inc., NEXCOM International Co.
Ltd., NXP Semiconductors NV, Realtek Semiconductor Corp., Rohde and Schwarz GmbH and Co.
KG, Spirent Communications plc, System on Chip Engineering S.L., TE Connectivity Ltd.
, Tektronix Inc., and Texas Instruments Inc..
Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Key Market Trends Fueling Growth Ethernet's address-based messaging feature makes it an attractive option for automotive backbone networks. Unlike CAN networks that use gateways for messaging, Ethernet switches can execute the same process without requiring software upgrades when network topologies change. Additionally, Ethernet net.