The global automotive ethernet market size is expected to reach USD 9.67 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Ethernet Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software and Service); By Bandwidth; By Application; By Vehicle Type; By Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is expanding due to the rising demand for communication technology in smart cars. Compared to media-oriented systems transport, Ethernet now offers 100 Mbps and is anticipated to rise to 150 Mbps. The primary applications of this network have been media systems and infotainment. High-tech parts included in modern cars provide the framework for in-vehicle communication. Customers can also gain from increased bandwidth, scalability, speed, and decreased latency with Ethernet technology. Ethernet technology provides a range of features and functionalities to guarantee the smooth operation of the infotainment and vehicle system.
The automotive industry faced significant challenges worldwide during the COVID-19 pandemic. Lockdowns and social distancing measures forced automotive vendors to close their operations in the first half of 2020, disrupting the global supply chain. This resulted in reduced vehicle sales and revenue losses for automotive companies, affecting the growth of the automotive Ethernet market. However, the post-COVID-19 outlook for the automotive sector is positive, with major economies easing lockdown restrictions. Automakers are seeing increased vehicle production as customers return to showrooms, which is expected to drive growth in the automotive Ethernet market in the coming years.
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A software-defined vehicle (SDV) is a type of vehicle that relies heavily on software for its features and operations, reflecting the ongoing shift of cars from hardware-focused to software-driven devices on wheels. SDVs are designed to be updated over time using a centralized architecture, allowing for upgrades and the integration of new applications to enhance their capabilities. Automotive Ethernet is crucial in this transformation, enabling efficient and high-bandwidth data communication within these software-defined systems. In self-driving vehicles (SDVs), there is a central control unit that serves as the main hub. This unit is connected to zonal controllers located throughout the vehicle using Ethernet. The zonal controllers act as intermediaries, connecting the main control unit to specific applications such as ADAS (Advanced Driver Assistance Systems) and infotainment systems. Ethernet facilitates this communication, providing a fast and reliable network that ensures smooth data transfer between the central control unit, zonal controllers, and various applications.
Automotive Ethernet Market Report Highlights
Polaris Market Research has segmented the automotive ethernet market report based on component, bandwidth, application, vehicle type, type and region:
Automotive Ethernet, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive Ethernet, Bandwidth Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive Ethernet, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive Ethernet, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive Ethernet, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive Ethernet, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 2.37 billion |
Revenue forecast in 2032 |
USD 9.67 billion |
CAGR |
19.2% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
By Component, By Bandwidth, By Application, By Vehicle Type, By Type, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
For Specific Research Requirements |