Global Automotive Ethernet Market was valued at US$ 1.3 Bn in 2019 and is expected to reach US$ 6.2 Bn by 2027, at a CAGR of 21.56% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Automotive Ethernet Market
Global Automotive Ethernet MarketGlobal Automotive Ethernet Market Dynamics:
The increase in demand for luxury vehicles will propel the growth prospects for the global automotive Ethernet market in the upcoming years. One of the major factors responsible for the continual growth in the luxury vehicle market is the growing population of high-net-worth individuals across the world. Moreover, one of the major sectors that came forward to adopt new technology like the Ethernet technology is the Luxury and premium vehicles sector.
However, intricacy in-migration from traditional in-vehicle connectivity technologies to Ethernet is the major restraint factor in the market for automotive Ethernet. Interoperability among components and application computability, a proliferation of security attacks are the challenges faced by the automotive Ethernet market.
Global Automotive Ethernet Market Segment Analysis:
1Gbps Ethernet bandwidth is the fastest-growing segment in the automotive Ethernet market owing to the growing need for high-speed connectivity in vehicles. 1Gbps Ethernet proposals higher bandwidth and low latency for automotive applications, specifically ADAS and infotainment systems.
The Advanced Driver Assistance Systems (ADAS) segment is expected to have the highest market share in the automotive Ethernet marke