Automotive Ethernet is a type of communication mechanism that links a vehicle’s functions via a wiring cable network. Autonomous vehicles require a range of connectivity features to operate effectively, such as LiDAR, cameras, and traffic-sign recognition. Further, the ADAS (Advanced Driver Assistance Systems) and V2X connectivity are considered as main pillars of the autonomous vehicles. V2X connectivity depends on hundreds of sensors for vehicle-to-network, vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-utility, and vehicle-to-pedestrian. ADAS is more oriented towards LIDAR, camera, and RADAR. Furthermore, the wiring utilized in the automotive Ethernet for vehicles is efficient and lighter as compared to the traditional cabling found in the in-vehicle connectivity.
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Forecast Analysis of the Automotive Ethernet Market
The global automotive Ethernet market is anticipated to enhance due to rise in the automation and application sectors. Also, features of automation Ethernet such as bandwidth, flexibility, and in-car networks enhance the demand for Ethernet. A significant number of connector and cable manufacturers, leading automotive OEMs, and automotive tier-1s are stepping forward to augment the usage of automotive Ethernet application. For instance, in April 2021, tech leaders such as TOYOTA and BMW AG declared the incorporation of ‘OPEN Alliance SIG’, a platform for all experts on automotive Ethernet. Apart from this, in October 2017, Keysight Technologies, an electronics company, announced the launch of five novel automotive Ethernet solutions. These solutions are designed to bring products in the market quicker with simple conformance testing. All these aspects are responsible for the market surge in the coming years.
According to a new report offered by Research Dive, the global automotive Ethernet market is projected to reach $6,494.8 million during the 2020-2027 timeframe. Furthermore, the Asia-Pacific market is predicted to experience tremendous growth due to stable social-political conditions, technological discoveries, and economic growth. Therefore, companies such as NEXCOM International Co., Ltd., Mitsubishi, and DASAN Networks, Inc. are functioning in the region to enhance businesses.
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Recent Developments in the Market
The well-known players of the global automotive Ethernet market are aiming for unique strategies such as mergers and acquisitions of prospering companies, constructing product portfolios, new product declarations, investments in research & development fields, and funding for the upcoming activities and innovations. These tactics are propelling the growth of businesses across the world. For instance, in February 2021, Rohde & Schwarz, an international electronics group, launched a decoding solution for 1000BASE-T1 automotive Ethernet. This solution provides Tier1 and OEMs supplier the possibility to decode and analyze bus speeds of the automotive design. Furthermore, in the same month, Tekronix, Inc, a manufacturing company in America, declared the launch of TekExpress Multi-Gigabit automotive Ethernet compliance test solution. This solution is easy-to-use, reliable, and test support.
Apart from this, in February 2020, Marvell, a technical company, announced the launch of its second generation automotive Ethernet PHY. The company offers a portfolio of automotive switches, controller solutions, and PHYs. Also, in the same year, NXP, a supplier of the automotive semiconductors, introduced a ‘multi-gigabit Ethernet switch’ which is developed to aid automakers in delivering high speed connectivity for the vehicles.
Covid-19 Impact on the Automotive Ethernet Market
The global automotive Ethernet market is estimated to witness adverse effects during the Covid-19 pandemic due to hindrance in the international operations. The automotive industry is expected to face negative impact during the pandemic due to closure of industries and strict rules for movements to curb the infection rate of the novel coronavirus. These all aspects are estimated to leave an undesirable impact of the global market during the outbreak phase.
Future Scope of the Market
The automotive Ethernet market is projected to grab ample of opportunities in the forthcoming years due to the need to reduce carbon footprint emissions into the atmosphere. Moreover, initiatives taken up by the key players to develop cutting edge technologies are likely to gain upper edge in the global market.
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