Northbrook, IL 60062 -- (SBWIRE) -- 04/17/2023 -- According to MarketsandMarkets, the global Automotive Ethernet Market size is expected to grow from $1.8 billion in 2020 to $5.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. Major factors expected to drive the growth of the Automotive Ethernet Market include low-cost Ethernet technology, rise in demand for Advanced Driver Assistance Systems (ADAS) and infotainment systems, and advancement in Ethernet technology.

Browse in-depth on "Automotive Ethernet Market"
189- Tables
90- Figures
283- Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103704247

Based on component, services segment to record the highest growth during the forecast period

Based on components, the services segment is expected to grow at a higher rate during the forecast period. The services segment has a major influence on the Automotive Ethernet Market's growth. The demand for services is increasing with the growing adoption of automotive Ethernet by passenger cars as well as commercial vehicle segment. These services assist end users in reducing costs, increasing overall revenues, and improving business performance. With the help of these services, automotive Original Equipment Manufacturers (OEMs) can track, evaluate, and analyze the requirements of their business to make better-informed decisions.

Among vehicle type, the farming and off-highway vehicles segment to grow at the highest CAGR during the forecast period

In the Automotive Ethernet Market by vehicle type, the farming and off-highway segment is expected to grow at a higher CAGR during the forecast period. Currently, the Ethernet adoption across farming and off-highway OEMs is emerging and expected to grow during the forecast period. Rapid technology adoption in the farming and off-highway segment is expected to drive the Automotive Ethernet Market. OEMs are looking to Ethernet as an alternative technology to Controller Area Network (CAN). As per industry experts, farming and off-highway are one of the growing segments in the Automotive Ethernet Market. This segment will carry significant opportunities for Ethernet vendors during the forecast period.

APAC to account for the largest market size during the forecast period

APAC is expected to hold the largest market size during the forecast period owing to the rising vehicle production across China, Japan, India, and South Korea. The APAC region promises massive opportunities for automotive vendors. The growth of the automotive sector in the APAC region is also driving the Automotive Ethernet Market. The global automotive OEMs are investing in the APAC region to increase their customer base and drive business revenue. In a nutshell, APAC is one of the promising and highest growing markets for automotive Ethernet vendors.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=103704247

Key and emerging Automotive Ethernet Market players include Broadcom (US), NXP Semiconductors N.V. (Netherlands), Marvell (Bermuda), Microchip Technology Inc. (US), Vector Informatik GmbH (Germany), System-on-Chip Engineering S.L. (Spain), Molex, LLC (US), Texas Instruments (US), Cadence Design Systems, Inc. (US), TTTech Auto AG (Austria), Excelfore (US), DASAN Networks, Inc. (South Korea), ACTIA Group (France), NEXCOM International Co., Ltd. (Taiwan), AllGo Embedded Systems Pvt. Ltd. (India), Spirent Communications (UK), Keysight Technologies (US), Aukua Systems Inc (US), Intrepid Control Systems (US), RUETZ SYSTEM SOLUTIONS GMBH (Germany), TSN Systems GmbH (Germany), Xena Networks (Denmark), TEKTRONIX, INC (US), Rohde & Schwarz (Germany), and Realtek Semiconductor Corp. (Taiwan).

Browse Other Reports:

https://www.globenewswire.com/en/news-release/2022/08/02/2490612/0/en/Data-centric-Security-Market-worth-12-3-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html

https://www.globenewswire.com/en/news-release/2022/11/17/2558308/0/en/Metaverse-Market-Size-Projected-to-Gain-US-426-9-billion-by-2027-Growing-at-a-CAGR-of-47-2-Report-by-MarketsandMarkets.html

About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/automotive-ethernet-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-ethernet.asp