The global automotive Ethernet market is expected to witness a 21.2% CAGR during 2021-2027. The rising demand for high bandwidth and infotainment systems, increased disposable income will foster the growth of the global automotive Ethernet market. In a connected car, high-performance navigation systems, high-end entertainment, and telematics require the system to be 'always on.' The market for ethernet deployments has been driven by the rising bandwidth available for in-vehicle data connections. Furthermore, the surge in demand for ADAS, regulation by the government on the safety and security of vehicles, and rising adoption of low-cost ethernet technology by automotive manufacturers and development in the field will propel the demand for the automotive ethernet market.

The COVID-19 pandemic has led to a decline in the growth of the automotive ethernet market in the short run as there is a temporary halt in the production of automobile manufacturing. The global automotive ethernet vendors are severely impacted as a result of the restrictions and stated lockdowns, which are harming the global automobile ethernet makers.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/automotive-ethernet-market/request-sample

Based on application, the rising demand for ADAS will bolster the market growth. Automotive ethernet will have additional development opportunities as the number of vehicles equipped with autonomous driving develops in the future. HD maps with road-based information like lane sizes, crosswalks, and road signs are critical for autonomous driving. HD maps are created using sensor data, and ethernet is required to connect these components in order to ensure effective data transfer, contributing to the expansion of automotive ethernet. The increased adoption of IoT solutions in automotive will propel the growth of highly connected modern ADAS and autonomous driving functions. Because of the benefits of Ethernet compatibility when connecting vehicles to smart infrastructure, it is a key aspect of the vehicle.

NXP stated in December 2021 that the S32G Family of Network Processors would be extended to accelerate higher-performance software-defined vehicle applications and pin compatibility. In comparison to the highest-performing S32G2 Series device, the S32G3 Series delivers up to 2.5x greater application processing, Ethernet bandwidth on two ports, and on-chip system memory.

Asia-Pacific contributes to the significant growth owing to the increased production of passenger vehicles in the region. Auto manufacturers like Mercedes-Benz, Ford, and Volkswagen are having expansion plans in India to enhance their manufacturing capacity and output and minimize the demand-supply gap. Thus, time-sensitive in-vehicle networking components will see growth leading to the development of the automotive ethernet market in the region.

The industry players in the automotive ethernet industry include Broadcom, NXP Semiconductors, Marvell, Microchip Technologies Inc., Cadence Design Systems, Inc., Molex, Aukua Systems Inc., Vector Informatik GmbH, TTTech Auto AG, and System-on-CChip Engineering S.L.

Source: VynZ Research