Press release
Automotive Transceivers Market Growth Prospects, Trends and Forecast up to 2028
According to Premium Market Insights new research study on "Automotive Transceivers Market is expected to reach US$ 9,383.65 million by 2028 from US$ 6,340.11 million in 2022; it is estimated to grow at a CAGR of 6.8% from 2022 to 2028.
Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00021976/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Broadcom, Infineon Technologies AG, Renesas Electronics Corporation, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, and Toshiba Corporation are a few key players profiled in the automotive transceivers market study. The market report provides detailed insights, which will help the key players strategize growth in the coming years.
The growing trend of autonomous vehicles and ADAS systems with the proliferation of the automotive sector are the key factors driving the need for faster transmission of signals, which is creating the demand for advanced transceivers in automotive vehicles. Also, the growing demand for luxurious and premium cars and the increasing sale of electric vehicles are the key factors contributing to the demand for automotive transceivers. As per the Global Electric Vehicle Outlook, electric car sales, including fully electric and plug-in hybrid vehicles, registered a new record of 6.6 million units in 2021. Further, in China, electric car sales increased significantly to 3.3 million in 2021, accounting for about half of the total global sales. EV sales also grew strongly in Europe by 65% to reach 2.3 million units in the same year, while in the US, EV sales reached 630,000 units in 2021. In addition, government initiatives supporting the adoption of electric vehicles are propelling the demand for automotive transceivers. In November 2021, the Indian government launched the "E-Amrit" web portal on electric vehicles. The E-Amrit intends to complement the government's initiatives to raise awareness of EVs and the benefits of switching to EVs.
Inquiry Before Buying At: https://www.premiummarketinsights.com/inquiry/TIP00021976/?utm_source=OpenPR&utm_medium=10655
Major OEMs are embracing ADAS solutions to achieve higher safety ratings to attract more consumers. The increasing adoption of ADAS in cars, which are equipped with components such as cameras, sensors, radar, and software generating continuous signals and data, indicates the need for transceivers to send and receive signals between devices. According to the International Organization of Motor Vehicle Manufacturers (OICA) statistics, in the pre-COVID scenario, the production and sales of automotive vehicles continued to increase at a faster pace owing to a rise in disposable income. However, the emergence of the COVID-19 pandemic hampered the GDPs of countries and the spending power of consumers, which eventually impacted the buying trend of automotive vehicles in 2020. Nevertheless, in 2021, with ease in restrictions and the reopening of business activities, production and sales of vehicles increased abruptly. For instance, vehicles with features and software services are equipped with systems-on-a-chip (SoCs), which help run anything from electric powertrains. Car sensors such as camera and radar sensors capture data, translate it, and send it to the powertrain to enable features such as emergency braking. In January 2022, Aptiv PLC announced an agreement to acquire Wind River company from TPG Capital; the acquisition was valued at US$ 4.3 billion. The initiative was intended to integrate the company's edge-to-cloud technology that develops, runs, and manages mission-critical intelligent systems. Thus, the increasing sales of automotive vehicles, along with the growing integration of electronics systems in automotive vehicles, is likely to drive the automotive transceivers market growth during the forecast period.
Order a copy of this research study at - https://www.premiummarketinsights.com/buy/TIP00021976/?utm_source=OpenPR&utm_medium=10655
The ongoing developments in automotive transceivers are driving the market growth. In 2022, the European Commission mandated the advanced safety systems in vehicles to protect passengers, pedestrians, and cyclists. The initiative was undertaken with the aim of reducing the number of fatalities and injuries on roads, as 90% of such incidents occur due to human error. Furthermore, cars, vans, trucks, and buses must be equipped with advanced safety systems such as warning of driver drowsiness, intelligent speed assistance, reversing safety with a camera or sensors, and data recorders in case of an accident. Thus, such favorable government policies for protection against fatal accidents are increasing the adoption of ADAS and V2X communication, which is creating more demand for in-vehicle communication modules that support the market growth.
The global automotive transceivers market is segmented on the basis of protocol, application, and vehicle type. Based on protocol, the market is segmented into CAN, LIN, FLEXRAY, and others. Based on application, the market is segmented into safety, body control module, chassis, powertrain, steering wheel, engine, and door/seat. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles.
The automotive transceivers market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, Asia Pacific led the market with the largest share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the market from 2022 to 2028.
Table Of Contents
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Transceivers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Automotive Transceivers Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Communications in Automobiles
5.1.2 Equipment of Advanced Communication and Safety Features in Electric Vehicles
5.2 Market Restraints
5.2.1 Increasing Complexities in Electronic Systems
5.3 Market Opportunities
5.3.1 Growing Adoption of Self-Driving or Autonomous Vehicles
5.4 Trends
5.4.1 Drive-By-Wire, Steer-By-Wire, and Brake-By-Wire
5.5 Impact Analysis of Drivers and Restraints
Continued…...!
Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Ankit Mathur
E-mail: sales@premiummarketinsights.com
Phone: +1-646-491-9876
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00021976/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Broadcom, Infineon Technologies AG, Renesas Electronics Corporation, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, and Toshiba Corporation are a few key players profiled in the automotive transceivers market study. The market report provides detailed insights, which will help the key players strategize growth in the coming years.
The growing trend of autonomous vehicles and ADAS systems with the proliferation of the automotive sector are the key factors driving the need for faster transmission of signals, which is creating the demand for advanced transceivers in automotive vehicles. Also, the growing demand for luxurious and premium cars and the increasing sale of electric vehicles are the key factors contributing to the demand for automotive transceivers. As per the Global Electric Vehicle Outlook, electric car sales, including fully electric and plug-in hybrid vehicles, registered a new record of 6.6 million units in 2021. Further, in China, electric car sales increased significantly to 3.3 million in 2021, accounting for about half of the total global sales. EV sales also grew strongly in Europe by 65% to reach 2.3 million units in the same year, while in the US, EV sales reached 630,000 units in 2021. In addition, government initiatives supporting the adoption of electric vehicles are propelling the demand for automotive transceivers. In November 2021, the Indian government launched the "E-Amrit" web portal on electric vehicles. The E-Amrit intends to complement the government's initiatives to raise awareness of EVs and the benefits of switching to EVs.
Inquiry Before Buying At: https://www.premiummarketinsights.com/inquiry/TIP00021976/?utm_source=OpenPR&utm_medium=10655
Major OEMs are embracing ADAS solutions to achieve higher safety ratings to attract more consumers. The increasing adoption of ADAS in cars, which are equipped with components such as cameras, sensors, radar, and software generating continuous signals and data, indicates the need for transceivers to send and receive signals between devices. According to the International Organization of Motor Vehicle Manufacturers (OICA) statistics, in the pre-COVID scenario, the production and sales of automotive vehicles continued to increase at a faster pace owing to a rise in disposable income. However, the emergence of the COVID-19 pandemic hampered the GDPs of countries and the spending power of consumers, which eventually impacted the buying trend of automotive vehicles in 2020. Nevertheless, in 2021, with ease in restrictions and the reopening of business activities, production and sales of vehicles increased abruptly. For instance, vehicles with features and software services are equipped with systems-on-a-chip (SoCs), which help run anything from electric powertrains. Car sensors such as camera and radar sensors capture data, translate it, and send it to the powertrain to enable features such as emergency braking. In January 2022, Aptiv PLC announced an agreement to acquire Wind River company from TPG Capital; the acquisition was valued at US$ 4.3 billion. The initiative was intended to integrate the company's edge-to-cloud technology that develops, runs, and manages mission-critical intelligent systems. Thus, the increasing sales of automotive vehicles, along with the growing integration of electronics systems in automotive vehicles, is likely to drive the automotive transceivers market growth during the forecast period.
Order a copy of this research study at - https://www.premiummarketinsights.com/buy/TIP00021976/?utm_source=OpenPR&utm_medium=10655
The ongoing developments in automotive transceivers are driving the market growth. In 2022, the European Commission mandated the advanced safety systems in vehicles to protect passengers, pedestrians, and cyclists. The initiative was undertaken with the aim of reducing the number of fatalities and injuries on roads, as 90% of such incidents occur due to human error. Furthermore, cars, vans, trucks, and buses must be equipped with advanced safety systems such as warning of driver drowsiness, intelligent speed assistance, reversing safety with a camera or sensors, and data recorders in case of an accident. Thus, such favorable government policies for protection against fatal accidents are increasing the adoption of ADAS and V2X communication, which is creating more demand for in-vehicle communication modules that support the market growth.
The global automotive transceivers market is segmented on the basis of protocol, application, and vehicle type. Based on protocol, the market is segmented into CAN, LIN, FLEXRAY, and others. Based on application, the market is segmented into safety, body control module, chassis, powertrain, steering wheel, engine, and door/seat. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles.
The automotive transceivers market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, Asia Pacific led the market with the largest share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the market from 2022 to 2028.
Table Of Contents
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Transceivers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Automotive Transceivers Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Communications in Automobiles
5.1.2 Equipment of Advanced Communication and Safety Features in Electric Vehicles
5.2 Market Restraints
5.2.1 Increasing Complexities in Electronic Systems
5.3 Market Opportunities
5.3.1 Growing Adoption of Self-Driving or Autonomous Vehicles
5.4 Trends
5.4.1 Drive-By-Wire, Steer-By-Wire, and Brake-By-Wire
5.5 Impact Analysis of Drivers and Restraints
Continued…...!
Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Ankit Mathur
E-mail: sales@premiummarketinsights.com
Phone: +1-646-491-9876
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
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