Automotive Transceivers Market size valued at USD 4.5 billion in 2017 and will grow at a CAGR of over 6.5% from 2018 to 2026. The global shipments are expected to reach over 7 billion units by 2026.
Transceivers are the network communication devices used to send and receive the digital signals between various electronic devices to communicate with the electronic control unit (ECU) of the car.
The rapid innovation and electrification of vehicular systems, such as drivetrain, steering, and engines, is accelerating the automotive transceivers market growth. Due to the high amount of pollution and energy consumption in conventional vehicles, the OEMs and suppliers have innovated automobile systems which provide low-emission benefits. These systems require several electronic components including ECUs and semiconductors, resulting in an increasing demand for communication products in the automotive transceivers market. Moreover, the rising government regulations related to road & vehicle safety to reduce fatalities will enforce manufacturers to develop highly integrated and efficient systems, creating several opportunities for industry expansion.
In the automotive transceivers market, body electronics application is gaining high traction in recent years owing to the transformation in control modules, dashboard, and lighting modules. The growing incorporation of IoT into these systems to provide connectivity benefits and support passengers with real-time traveling information is further creating a high demand for the transceiver interfaces. The trend of enhancing luxury & comfort features in newly developed passenger and commercial vehicles among OEMs across the globe is creating high adoption of the enhanced body electronics systems. These factors along with the demand for in-vehicle luxury and advanced car architectures are also generating several prospects for the development of the automotive transceivers market.
Automotive Transceiver Market, By Protocol:LIN,CAN,FlexRay,Ethernet,Others
Automotive Transceiver Market, By Application: BodyElectronics,BodyControl,Module,HVAC,Dashboard,Others,Infotainment,Multimedia,Navigation,Telematics,Others,Powertrain,Engine Management System,Auto Transmission,Chassis & Safety,Electric Power Steering,ADAS/Autonomous driving
Global Automotive Transceivers Market, by Geography:North America,Europe,Asia-Pacific,Latin America,Middle East and Africa (MEA)
The global automotive transceivers market is characterized by the presence of experienced and established players. Some of the key players include NXP Semiconductors, Renesas Electronics Corporation, Analog Infineon Technologies AG, STMicroelectronics, National Instruments Devices, Inc., Texas Instruments, Broadcom, Inc., and Microchip Technology Inc. Market players are focusing on strategic acquisitions in order to expand their industry presence.
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