Automotive Communication Technology Market Technological Innovations and Future Opportunities 2025
Global automotive communication technology market is slated to surpass a total remuneration portfolio of about USD 18 billion by the end of 2024. Driven by an unprecedented advancement in terms of automotive electronics along with enhanced safety regulations. Foremost semiconductor manufacturers such as Texas Instruments, Cypress Semiconductor, Infineon, Melexis, Xilinx, Robert Bosch, Intel, Broadcom, Continental, and On Semiconductor are leading the competitive landscape of the automotive communication technology industry.
Owing to the advent of highly-innovative automotive electronics, the automotive communication technology market has been emerging as one of the most lucrative niche verticals of the global automotive and transportation industry. The incorporation of telematics, anti-lock brakes, automatic transmission, and infotainment capabilities has revolutionized the automotive sector in the recent years.
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It is quite a well-known fact that the integration of advanced technologies in vehicles reduces the automobile fatalities. Considering this plausibility, numerous major automotive electronics manufacturers have been introducing vehicle-to-everything communications chipset to ensure improvement in safety features. Qualcomm Technologies Inc., for instance, recently launched a new 9150 C-V2X chipset which brings automakers one step closer to installing the communications unit required for fully autonomous vehicles.
The new auto chipset encompasses two transmission modes viz. network-based communications and direct communications. Needless to mention, the introduction of such highly advanced automotive electronics is certain to provide an exceptional impetus to the automotive communication technology market trends in the near future.
Amongst all the advanced technologies being unveiled in the automotive communication technology market, the Media Oriented Systems Transport (MOST) technology has been gaining exceptional traction in the recent times.The latest versions of this technology are capable to transport control, packet, audio, and video information throughout the vehicle much efficiently and predictably without time-synchronization protocols, utilizing dedicated channels for minimum processor overhead in the major infotainment control systems. Moreover, the upgraded versions MOST150 offer a speed of about 150 Mbps, enabling its utilization in different automotive communication applications.
In terms of geographical trends, Europe has been emerging rapidly as one of the most lucrative growth terrains for the automotive communication technology market in the recent past. In fact, as per a research report compiled by Global Market Insights, Inc., Europe automotive communication technology industry apportioned more than 26 percent of the total revenue share in the year 2017. The increasing product demand can be attributed to the gradually rising public awareness regarding automotive safety and strict government regulations.
In this regard, it would prudent to take note of the fact that Poland has been at the forefront in terms of incorporating the newly launched and high-grade automotive communication technology. In addition to this, Poland is set to become the second largest automotive hub in the continent after Germany in the upcoming years, paving the way for more automotive communication technology market participants to establish their base in the nation. The
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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
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