Scope of the Study
In the very beginning of the automotive sector, the vehicle wasn’t equipped with batteries as the electric system of the vehicle was very much limited. But, now every vehicle has many electronic devices in their vehicles. Additionally, vehicles are embedded with many features such as adaptive cruise control (ACC), lane change assist (LCA), anti-lock braking systems (ABS), airbags, blind spot detection (BSD), electronic stability control (ECS), and others. The features depend upon sensors and electronic devices that communicated with each other and works accordingly. Automotive transceivers have been using for communication purpose. Rising demand due to increasing adoption of ADAS and government regulation for lane departure warning system to reduce road safety in many countries such as India, United States, and others are the major key driver for the market. Additionally, connected vehicle and emergence of autonomous vehicles have been supplementing the overall growth of the market.
The market study is being classified, by Application (Safety, Body Control Module, Steering wheel, Engine/Climate, Door/Seat, Wheel Node, X-by-Wire Master and Others) and major geographies with country level break-up. According to AMA, the Global Automotive Transceivers market is expected to see growth rate of 7.98% and may see market size of USD7581.03 Million by 2024.
Analog Devices (United States), Asahi Kasei Microdevices (Japan), Autotalks (France), Broadcom Inc (United States), Cypress Semiconductor (United States), Elmos Semiconductor (Germany), Embien Technologies India Pvt. Ltd (India), Infineon Technologies (Germany), Marvell Technology Group (Bermuda) and Maxim Integrated (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Melexis (Belgium), Microchip Technology (United States), National Instruments (United States), NXP Semiconductors (Netherlands), ON Semiconductor (United States) and Vector Informatik (Germany).
The Players having a strong hold in the market are Analog Devices, Broadcom Inc., Infineon Technologies and NXP Semiconductors. Research Analyst at AMA predicts that United States and Europe Players will contribute to the maximum growth of Global Automotive Transceivers market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive Transceivers market by Type, Application and Region.
On the basis of geography, the market of Automotive Transceivers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type , the sub-segment i.e. Passenger Vehicles will boost the Automotive Transceivers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protocol, the sub-segment i.e. Local Interconnect Network will boost the Automotive Transceivers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand due to Increasing Adoption of ADAS (Advanced Driver-Assistance Systems)
- Government Regulation for Lane Departure Warning System to Reduce Road Safety in many Countries such as India, the United States, and others
- An Emergence of Connected Car and Technological Advancement in Electric Vehicles and Hybrid Vehicles
- Increasing Adoption of Radar Technology in Automotive
- Intense Competition among Established Players
- Increasing Sales of Electric Vehicle is supplementing the growth of the market
- An Emergence of Autonomous Vehicle and Increasing Use of Autonomous Vehicles for Commercial Transportation
- Continuously Advancement in Sensor Technologies
- High Complexity in Electronic Components
Market Leaders and their expansionary development strategies
On September 2018, NXP Semiconductors (the global leader in providing automotive semiconductor products) had acquired OmniPHY (provider of automotive Ethernet subsystem technology). The main aim of the acquisition is to make new advance data transfer transceiver as the OmniPHY has expertise in automotive Ethernet.
On November 01, 2018, Analog Devices had launched a new transceiver series with car camera bus technology particularly for automotive camera applications. The new series two transceiver (ADV7990 and ADV7991) and two transmitters (ADV7380 and ADV7381). The camera-based features have been increasing in the automotive sectors. Thus, the new launch can create a big opportunity for the market.
Key Target AudienceAutomotive Transceiver Manufacturers, Transceiver Technology Developer, Raw Material Suppliers, Distributors and Suppliers, Technology Investors, Government Bodies and Others
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