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Report overview
This report aims to provide a comprehensive presentation of the global market for Automotive Communication Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Communication Technology. This report contains market size and forecasts of Automotive Communication Technology in global, including the following market information:
The global Automotive Communication Technology market was valued at US$ 6466.9 million in 2022 and is projected to reach US$ 12720 million by 2029, at a CAGR of 10.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Asia Pacific market is projected to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and government mandates regarding the active and passive safety of vehicles. In addition, the increasing investment in infrastructure, construction activities, and increasing sales of luxury vehicles are also projected to drive the market growth in this region. Some of the major restraints for the global automotive communication technology market are high complexity and less reliability of electronics architecture and higher cost per node with the increase in communication nodes in a vehicle.
We surveyed the Automotive Communication Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Communication Technology Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Automotive Communication Technology Market Segment Percentages, by Type, 2022 (%)
Global Automotive Communication Technology Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Automotive Communication Technology Market Segment Percentages, by Application, 2022 (%)
Global Automotive Communication Technology Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Automotive Communication Technology Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Communication Technology revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Automotive Communication Technology revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: