Latest News- Automotive Communication Protocols Market: Passenger cars is expected to lead the Application segment during 2025-2029

The Automotive Communication Protocols Market is being driven by Increasing electrification in vehicles

The Automotive Communication Protocols Market is expected to grow at a CAGR of 7.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 758.7 million. In the automotive industry, Ethernet's address-based messaging feature makes it a compelling choice for backbone networks due to its efficient data transmission. In this approach, each data packet is tagged with a source and destination address, enabling switches to accurately distribute packets within the network. While networks like CAN employ gateways for similar functions, their reliance on ECU-installed software for processing requires frequent updates when network topologies change. In contrast, once switches are installed, they can autonomously execute the required processes without the need for software upgrades, offering a more streamlined and cost-effective solution. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial vehicles
• Type
  • LIN
  • CAN
  • Flexray
  • MOST
  • Ethernet
• Component
  • Hardware
  • Software
  • Services
• End-user
  • Powertrain
  • Infotainment and communication
  • Safety and ADAS
  • Body control and comfort
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing electrification in vehicles
• Rising adoption of ADAS
• Government initiatives encouraging use of telematics

However, the market also witnesses some limitations, which are as follows:

• Additional cost to manage rough operating conditions of automotive networks
• Data security concerns
• Consolidation of ECUs

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Market Scope in Automotive Communication Protocols Market Research Report

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Research Analysis Overview

The Automotive Communication Protocols Market is witnessing significant growth due to the adoption of connected vehicle technology in light duty vehicles. Data privacy and security are key concerns in this sector, with competition intensifying among players offering vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication, Wi-Fi, and 5G for automotive. Development of connected infrastructure, predictive maintenance, and real-time traffic management are driving implementation. Automotive cybersecurity, vehicle data analytics, and smart mobility solutions are also crucial aspects of this ecosystem. Architecture includes connected car technology, remote vehicle diagnostics, and automotive cloud platforms. Autonomous driving and vehicle-to-infrastructure communication are also integral parts of this market's development.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in this sector include the rising demand for electronic components in automobiles, such as electronic control units (ECUs), due to the escalating sales of EVs, motorcycles, and PCs over the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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