Global automotive transceivers market is estimated to be worth $4.43 billion in 2017 and is expected to garner at least $7.19 billion by 2025, registering at a CAGR of 6.2% from 2018 to 2025 according to a report by Allied Market Research
The report further stare states the major drivers of the global automotive transceivers market are
- rise in demand for economical and luxury vehicles due to rise in disposable income of the consumers
- increase in demand for advanced, comfort, and convenience feature in vehicles, stringent government regulations toward automotive safety norms
- rising electronic integration in automotive
- rising popularity of autonomous vehicles and trend of connected car devices are expected to create lucrative opportunities in the near future.
LIN Protocol Still Dominates
Previously, the LIN protocol held the largest share in 2017, contributing nearly one-third of the total market, as LIN is cheap serial communication interface based on a master-slave architecture that reaches speeds of up to 20 kbps. Moreover, it assures connectivity between various peripheral sensors and actuators for doors and windows, which is expected to further supplement the growth of the segment. The FlexRay segment is expected to manifest the fastest CAGR of 8.5% during the forecast period. The report also includes an in-depth analysis of the other segments such as CAN and others (Ethernet, K-Line, MOST).
Heavy Commercial Vehicle Takes Over Passenger Vehicles
The heavy commercial vehicles segment is projected to manifest CAGR of 8.1% through 2025, owing to rise in use of advanced safety, comfort feature, and increase in ration of heavy commercial vehicles and taking over the record held by the passenger vehicles segment in 2017.
LAMEA Market Expected to Grow at a CAGR of 8.9%
The market across Asia-Pacific region held the largest share in 2017, contributing more than half of the market, owing to high adoption rates of smart mobility services, government regulation, rise in concerns toward safety systems, and a surge in trend toward adopting non-fossil fuel-based vehicles in the region. However, the market across LAMEA is expected to register the fastest CAGR of 8.9% during the forecast period, owing to an increase in automobile production due to rising population and industrialization.
Major Market Players
The global automotive transceivers market report provides a detailed analysis of the major market players such as Broadcom Corporation, Infineon technologies, Cypress Semiconductors, Maxim Integrated, NXP Semiconductors, Microchip Technology Inc., STMicroelectronics, Robert Bosch GmbH, Toshiba Corporation, and Texas Instruments Inc.
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