In-Vehicle Ethernet System Market

The global In-Vehicle Ethernet System valued at 2.58 Billion in 2020 and is expected to reach 10.17 Billion in 2028 growing at a CAGR of 18.71%%.

The prominent players in the market are B&R Automation, Vector Informatik GmbH, Microchip Technology Inc., Ruetz system solutions gmbh, DASAN Network Solutions, Broadcom Limited, Bosch Rexroth..

The market is project to grow at a CAGR of 18.71%% between 2021 and 2028.

The driving factors of the In-Vehicle Ethernet System include

• The increasing demand for ADAS system and autonomous vehicle is anticipated to augment the growth of the in-vehicle ethernet system market. The percentage of vehicles incorporated with autonomous driving is expected to increases in the future, and hence the need of in-vehicle ethernet system is expected to witness substantial opportunities for growth. The autonomous driving technology deeply depends on HD maps with road-based information and these HD maps are built with data collected from sensors. In order to connect all the components of the system with each other ethernet is needed that maintains efficient data transfer and therefore will contribute to the growth of in-vehicle ethernet system.
• The technological development of connected cars is estimated to boost the in-vehicle ethernet system market in the years to come. The high bandwidth Ethernet standardization lets connected cars and IoT application developers to develop advanced applications. The increase in such applications is expected to further fuel the demand for high bandwidth connectivity in the vehicle. The high bandwidth offers real-time connectivity with the outside world and decreasing the fatalities as well by providing real time data to the drivers.

Asia Pacific was the leading regional segment of the In-Vehicle Ethernet System in 2020.