The latest market report published by Credence Research, Inc. “Global Automotive Transceivers Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. Global demand for automotive transceivers was estimated at USD 5.9 billion in 2022 and is predicted to reach USD 9.3 billion in 2030, rising at a 6.80% CAGR between 2023 and 2030.
The global automotive transceivers market has witnessed steady growth, primarily due to the rising demand for ADAS in modern vehicles and the shift towards electric powertrains. Transceivers are electronic devices used in vehicles to facilitate communication among various components, such as the engine, gearbox, infotainment, and safety systems. The market is segmented by protocol, application, vehicle type, and region, with the CAN protocol being the dominant segment. The safety sector contributes the most to the market and is expected to grow at a CAGR of 7.63% over the forecast period. North America currently holds the largest market share.
The primary drivers of the global automotive transceivers market are the increasing demand for ADAS in modern vehicles and the growing adoption of electric vehicles and hybrid electric vehicles. ADAS systems, such as lane departure warning and adaptive cruise control, rely on transceivers to communicate data between various sensors and components in real-time. As the demand for ADAS systems grows, the need for high-performance transceivers also increases. Similarly, electric vehicles and hybrid electric vehicles rely on electronic systems that require advanced communication technology, driving the demand for transceivers in these vehicles.
Key players in the global automotive transceivers market include Broadcom Limited, Cypress Semiconductor Corporation, Infineon Technologies AG, Maxim Integrated, Microchip Technology Inc, NXP Semiconductors N.V., Robert Bosch GmbH, STMicroelectronics, Texas Instruments Inc, and Toshiba Corporation, among others. These companies focus on product innovation, expanding distribution channels, and strategic partnerships to maintain a competitive edge.
Japan Automotive Transceivers Market Drivers refer to the underlying factors that propel the growth and development of transceiver technology in Japan’s automotive industry. As a country known for its exceptional technological advancements, Japan has always been at the forefront of innovation within the automotive sector. The increasing demand for better connectivity solutions, improved safety features, and enhanced driving experiences has led to a surge in the adoption of transceiver technology by Japanese automobile manufacturers. These market drivers encompass multiple aspects such as stringent regulations promoting vehicle safety standards, evolving consumer preferences towards smart vehicles, and continuous research and development efforts aimed at creating cutting-edge communication systems.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Automotive Transceivers Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Automotive Transceivers Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report: https://www.credenceresearch.com/report/automotive-transceivers-market
Visit: https://www.credenceresearch.com/
Related Report: https://www.credenceresearch.com/report/automotive-interior-ambient-lighting-market
Related Report: https://www.credenceresearch.com/report/automotive-glass-market
Browse Our Blog: https://www.linkedin.com/pulse/asia-pacific-automotive-transceivers-market-expected-generate-singh