Automotive Communication Technology Market Competitive Market Share & Forecast, 2021-2024
Category: #headlines  By Ronak Bora  Date: 2021-09-07
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Automotive Communication Technology Market Competitive Market  Share & Forecast, 2021-2024

The global automotive communication technology market has lately been emerging as a highly pivotal vertical of the overall automotive space, primarily owing to the robust innovations pertaining to automotive electronics. Incidentally, post the introduction of electronic control units (ECUs) in the automotive industry, vehicles had begun to come equipped with numerous wires, circuits with enormous dedicated wiring, which led to complex, bulky and expensive wiring equipment.

The vehicle-to-everything (V2X) communicates directly with nearby cars, which includes vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P) and vehicle-to-vehicle (V2V). Qualcomm’s product launch bears testimony to the fact that vehicles integrated with advanced technologies are likely to reduce automobile fatalities, which would further encourage automotive communication technology market players to work on their existing product portfolios.

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According to statistics, about 95% of automobile fatalities are caused by driver distractions. If all the cars could communicate their status with each other, automotive systems would ideally be able to alert the driver and respond on its own preventing any kind of collision. Having considered the plausibility, the California based chip maker Qualcomm Technologies had announced 9150 C-V2X cellular vehicle-to-everything (V2X) chip last year. This chip was able to send and receive information directly from the cars nearby about sudden braking, slippery roads, speed, signal and more.

Some of the recent tech-based inventions in the auto space include anti-lock brakes, telematics, infotainment capabilities and automatic transmission, that are revolutionizing the automotive industry, further encouraging automotive communication technology market players. One of the most important factors that will drive the market growth is the stringent regulatory landscape established by regional governments regarding safety standards. Automotive systems aligned with these regulations include blind spot detection, lane chase assist and adaptive cruise control, that are being incorporated by manufacturers in order to adhere to regulatory standards, that would further serve to impel automotive communication technology industry.

Such efforts taken for increasing safety of the automotive systems would further drive their adoption paving way for the expansion of the automotive communication technology market. As of now, the circuit manufacturers are trying to make the infotainment systems more flexible to transport packet, stream and control content. Implementations that already exist are either complicated and costly, or quite limited in bandwidth with packet data capabilities for supporting internetworking requirements and system updates.

Comprising prominent companies such as Intel, Vector Informatik, Rohm Semiconductor, Broadcom, Toshiba, Texas Instruments, Robert Bosch and more, the competitive spectrum of automotive communication technology market is quite diverse. For the record, Global Market Insights Inc. anticipates this industry to exceed a valuation of $18 billion by 2024.

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Partial Chapter of the Table of Content

Chapter 6.   Automotive Communication Technology Market, By Vehicle Class

6.1.  Key trends, by vehicle class

6.2.  Economy

6.2.1.    Economy market estimates and forecast, 2013-2024

6.3.  Mid-sized

6.3.1.    Mid-sized market estimates and forecast, 2013-2024

6.4.  Luxury

6.4.1.    Luxury market estimates and forecast, 2013-2024

Chapter 7.   Automotive Communication Technology Market, By Distribution Channel

7.1.  Key trends, by distribution channel

7.2.  OEMs

7.2.1.    OEMs market estimates and forecast, 2013-2024

7.3.  Distributors

7.3.1.    Distributors market estimates and forecast, 2013-2024

Chapter 8.   Automotive Communication Technology Market, By Application

8.1.  Key trends, by application

8.2.  Powertrain

8.2.1.    Powertrain market estimates and forecast, 2013-2024

8.3.  Body and comfort electronics

8.3.1.    Body and comfort electronics market estimates and forecast, 2013-2024

8.4.  Infotainment and Communication

8.4.1.    Infotainment and Communication market estimates and forecast, 2013-2024

8.5.  Safety and ADAS

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-communication-technology-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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