The Global In-Vehicle Ethernet System Market is projected to reach USD 9.4 Billion in 2033. Global adoption of new and innovative technologies in vehicles with growing automation in the automotive industry is driving the demand for In-Vehicle Ethernet Systems.
According to FMI, the Global In-Vehicle Ethernet System Market is estimated to be valued at USD 2.7 billion in 2023 and is projected to increase at a CAGR of 14.6% in the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size (2022) | USD 2.3 Billion |
| Market Size 2023 | USD 2.7 Billion |
| Market Size 2033 | USD 9.4 Billion |
| Value CAGR (2023 to 2033) | 14.6% |
An in-vehicle Ethernet system is a data communication system that links multiple devices inside a car using Ethernet technology. Infotainment, driving assistance, and active safety are some of the applications of in-vehicle Ethernet systems. Compared to other data connection technologies, in-vehicle Ethernet systems have several benefits, such as high bandwidth, low latency, and deterministic behavior.
In-vehicle Ethernet system is connected to various external devices like smartphones, GPS units, USB drives, traffic information services, MP3 players, brake controllers, and tire pressure monitoring systems. In-vehicle Ethernet uses sensors and cameras to detect the surrounding environment and potential hazards or traffic conditions and then inform the same information to the driver so that driver can take action over it.
Growing global popularity and adoption of the latest developed technologies in vehicles is rapidly increasing and automotive manufacturers are increasingly offering vehicles with control systems, smartphone connectivity, navigation systems, entertainment components, driver safety systems, Internet access, etc., which is driving demand for Ethernet systems in vehicles.
Additionally, vehicle demand and sales are growing steadily owing to the rapid evolution of high-tech technological innovations in automotive manufacturing. These are the factors due to which the global in-vehicle Ethernet system market is rapidly increasing.
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The analysis of In-Vehicle Ethernet System demand from 2018 to 2022 showed a historical growth rate of 8.6% CAGR.
Different sectors around the world have been impacted by the COVID-19 pandemic, similarly, the in-vehicle Ethernet systems market is also significantly impacted by the virus outbreak.
Global manufacturing facilities and supply chain networks experienced an interruption in their activity due to stringent government rules and regulations amides virus spread. The effects of these acts on the world economy were significant. Global industrialists were compelled to halt production, disrupting the supply chain and affecting several companies. This has affected the in-vehicle Ethernet system market growth in the historic period.
However, with the reopening of trade activities from the 2022 starting period the market is witnessing steady growth in demand and is also anticipated to grow at the same pace in the coming years.
Additionally, the market is boosted by an increasing global automotive fleet with equipped latest features, investment in smart vehicle production, and the growing popularity of electric vehicles. Thus, according to FMI, global In-Vehicle Ethernet System demand will grow at a CAGR of 14.60% through the projection period by 2033.
The global market for in-vehicle Ethernet systems is growing primarily due to high complexity and an increase in the number of applications in vehicles. Other factors that are anticipated to propel the market for in-vehicle Ethernet systems globally over the forecast period include rising investment in smart vehicles and the adoption of intelligent transportation systems.
The market for in-vehicle Ethernet systems is predicted to grow in the next years as a result of connected automotive technological advancements. Connected automobile and Internet of Things application developers can create cutting-edge apps because of the high bandwidth Ethernet standards.
The demand for high bandwidth connectivity in the car is anticipated to expand as the number of these applications rises. By giving drivers real-time data, the high bandwidth allows for real-time connectivity with the outside world while also reducing deaths.
Additionally, the rising deployment of advanced driver assistance systems (ADAS), the falling cost of Ethernet equipment, and the integration of Ethernet for high-performance navigation systems and high-end entertainment telematics would boost the expansion of the global In-vehicle Ethernet system market.
Principal Consultant
The global market for in-vehicle Ethernet systems is having lucrative opportunities with rising investment in autonomous vehicle technologies. The expansion of the automotive electronics business requires wired networks to have larger bandwidth, lower latency, and better synchronization, all of which may be achieved by Ethernet.
In-vehicle Ethernet systems are in prominent demand as a result of the availability of a standard in-vehicle Ethernet solution for about 100Mbps speed. Ethernet's robust data transfer mechanism can help the automobile service sector become more standardized.
Increased global vehicle electrification is anticipated to drive growth in the market for in-vehicle Ethernet gateways. The use of sophisticated safety and comfort features like airbags, anti-lock brakes, and blind spot detection systems is projected to increase the integration of wireless communication systems in vehicles, which will likely drive the global market for in-vehicle Ethernet gateways.
In-vehicle Ethernet system demand is being hampered in the global market by a lack of autonomous mobility infrastructure, expensive installation costs, and security concerns.
In connected and autonomous vehicles, networking components are used extensively. Continuous infrastructure improvement is necessary for the adoption of autonomous cars.
The development of the vehicle networking market may be hampered by a lack of infrastructure enabling autonomous mobility, particularly in developing and underdeveloped nations. In addition, problems with inadequate road infrastructure and minimal government financing may cause the integration of car networking technologies to proceed more slowly.
High installation cost is also one of the restraining factors for the market growth of In-vehicle Ethernet systems. Additionally, increased cyber security threats against advanced vehicles put manufacturers and consumers at risk, which hinders the potential for the ethernet gateway market to grow and expand.
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Geographically, in terms of In-Vehicle Ethernet System sales, amongst all regions which are sub-segmented in the global market, Europe and Asia Pacific are the top regions and collectively account for a sizable portion of the global In-Vehicle Ethernet System market in 2022.
The market for in-vehicle Ethernet systems in Europe is anticipated to develop significantly through 2033, driven by increased funding to support vehicle electrification and decarbonization. The significant presence of important industry participants in the area will further have an impact on the adoption of vehicle Ethernet connectivity systems.
The East Asia region also contributes to a prominent value share in the global market for In-Vehicle Ethernet Systems. The advancement of technology, strong economic growth, and stable socio-political conditions have all contributed to the significant transformation of the East Asia region's automotive industry during the past few years, which contributes significantly to the global manufacture and sales of vehicles.
The automotive industry has been driven by mass consumers in developing nations like Malaysia, China, and Japan. East Asia has enormous prospects for automotive OEMs to boost business revenue, consequently in China and Japan.
Key players operating in the Global In-Vehicle Ethernet System Market include Vector Informatik GmbH, Broadcom Limited, DASAN Network Solutions, Bosch Rexroth, BR Automation, Ruetz system solutions Gmbh, Microchip Technology Inc., and others.
A prominent number of players are engaged in the in-vehicle Ethernet gateway market, which is growing steadily. To produce an in-vehicle ethernet system with new key development, the major players in the In-Vehicle Ethernet System market invest a sizable amount of investments in comprehensive research and development.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 14.60% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Ethernet Type, Vehicle Type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; The Middle East and Africa (MEA) |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, BENELUX, Italy, Spain, Russia, China, Japan, India, Turkey, South Africa, Northern Africa, GCC Countries, ANZ |
| Key Companies Profiled | Vector Informatik GmbH; Broadcom Limited; DASAN Network Solutions; Bosch Rexroth; BR Automation; Ruetz system solutions Gmbh; Microchip Technology Inc. |
| Customization Pricing | Available upon Request |
In 2022, the value of the Global In-Vehicle Ethernet System Market reached over USD 2.3 Billion.
During the forecast period, the Global In-Vehicle Ethernet System Market is estimated to expand at a CAGR of 14.60 % from 2023 to 2033.
The Global In-Vehicle Ethernet System Market is projected to reach USD 9.4 Billion by the end of 2033.
Europe and East Asia are projected to lead the Global In-Vehicle Ethernet System Market in the forecast period.
The key players operating in the Global In-Vehicle Ethernet System Market are Vector Informatik GmbH, Broadcom Limited, DASAN Network Solutions, Bosch Rexroth, B&R Automation, Ruetz system solutions Gmbh, Microchip Technology Inc. and others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Ethernet Type 6.2. Vehicle Type 7. Global Market Analysis and Forecast, By Ethernet Type 7.1. One pair Ethernet - OPEN 7.2. Energy-efficient Ethernet 7.3. Power over Ethernet - PoW 7.4. Gigabit Ethernet - GIG-E 8. Global Market Analysis and Forecast, By Vehicle Type 8.1. Passenger car 8.2. Light commercial vehicle 8.3. Heavy commercial vehicle 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. Middle East & Africa (MEA) 9.7. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Ethernet Type and Vehicle Type for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Vector Informatik GmbH 19.2. Broadcom Limited 19.3. DASAN Network Solutions 19.4. Bosch Rexroth 19.5. B&R Automation 19.6. Ruetz System Solutions GmbH 19.7. Microchip Technology Inc.
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In-Vehicle Ethernet System Market
