USD 4 Billion
Report ID:
SQMIG25A2102 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
67
|Figures:
75
Automotive CAN Transceivers Market size was valued at USD 4.28 Billion in 2023 and is poised to grow from USD 4.58 Billion in 2024 to USD 7.79 Billion by 2032, growing at a CAGR of 6.90% during the forecast period (2025-2032).
The global automotive CAN transceivers market is driven by several factors, including the increasing demand for safety features, the growing adoption of electric and hybrid vehicles, and the need for advanced connectivity and infotainment systems. The rising demand for safety features such as adaptive cruise control, lane departure warning, and automatic emergency braking is driving the need for sophisticated communication systems within vehicles. This, in turn, is boosting the demand for CAN transceivers, as they play a crucial role in enabling these safety features. Moreover, the increasing adoption of electric and hybrid vehicles is also fueling the growth of the automotive CAN transceivers market. These vehicles require advanced communication systems to manage their complex powertrains and battery systems. CAN transceivers are crucial components in these systems, as they allow the various ECUs to communicate with each other and with the driver.
One of the major restraints faced by the market is the high cost of development and manufacturing of these components. Additionally, the market is highly competitive, with several established players and new entrants vying for market share. Despite these challenges, the market is expected to witness several key trends in the coming years. One such trend is the increasing use of advanced materials and technologies to improve the performance and efficiency of CAN transceivers. Another trend is the growing adoption of CAN FD (Flexible Data Rate), which is an enhanced version of the CAN protocol that offers higher data transfer rates and improved flexibility.
US Automotive CAN Transceivers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4 Billion
Largest Segment
High-speed CAN transceivers
Fastest Growth
High-speed CAN transceivers
Growth Rate
6.90% CAGR
To get more reports on the above market click here to Buy The Report
Global Automotive CAN Transceivers Market is segmented on the basis of type, application, and region. By type, the market is segmented into high-speed CAN transceivers, low-speed CAN transceivers, and fault-tolerant CAN transceivers. By application, the market is segmented into passenger cars, commercial vehicles (trucks, buses, etc.), and off-highway vehicles (construction equipment, agricultural machinery, etc.). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive CAN Transceivers Market Analysis by Type
The high-speed CAN transceivers segment dominated the automotive CAN transceivers market. High-speed CAN transceivers are widely used in modern vehicles for their ability to transmit data at fast speeds, enabling seamless communication between various electronic control units (ECUs). These transceivers facilitate the efficient transfer of critical information, such as engine control, transmission systems, and advanced driver assistance systems (ADAS). The high-speed CAN transceivers segment is experiencing robust growth due to several factors. Firstly, the rising adoption of electric and hybrid vehicles has fueled the demand for high-speed communication networks within the vehicle's electrical architecture. As these vehicles incorporate sophisticated battery management systems and complex powertrain controls, the need for reliable and high-speed data transmission becomes paramount.
The fastest-growing segment in the automotive CAN transceivers market is the fault-tolerant CAN transceivers segment. Fault-tolerant CAN transceivers are designed to withstand harsh operating conditions and ensure reliable communication even in the presence of faults or disturbances in the network. They are particularly suitable for safety-critical applications, such as automotive airbags, braking systems, and steer-by-wire systems. The fault-tolerant CAN transceivers segment is witnessing rapid growth due to the increasing focus on vehicle safety and reliability. Automotive manufacturers are actively investing in advanced safety systems, and the demand for fault-tolerant transceivers is rising as a result. These transceivers provide redundant communication paths and robust error detection mechanisms, enhancing the overall reliability of the vehicle's communication network.
Automotive CAN Transceivers Market Analysis by Application
The passenger cars segment dominated the global market. The increasing production and sales of passenger cars, especially in emerging economies such as China and India, are driving the demand for CAN transceivers in this segment. In addition, the rising adoption of advanced driver assistance systems (ADAS) and infotainment systems in passenger cars is also contributing to the growth of the market.
the fastest-growing segment in the market is the commercial vehicles segment, which includes trucks, buses, and other heavy-duty vehicles. The increasing demand for fuel-efficient and eco-friendly commercial vehicles is driving the adoption of CAN transceivers in this segment. The use of CAN transceivers in commercial vehicles helps to improve the overall performance and efficiency of the vehicles, leading to reduced fuel consumption and emissions.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the global automotive CAN transceivers market, owing to the high adoption rate of advanced automotive technologies in the region. The presence of major automotive players and the availability of advanced manufacturing facilities have also contributed to the region's dominant position in the market.
Asia Pacific is the fastest-growing region in the global automotive CAN transceivers market. The rapidly growing automotive industry in countries like China, India, and Japan has created a significant demand for automotive CAN transceivers. This growth can be attributed to factors such as increasing disposable incomes, rising urbanization, and growing awareness about vehicle safety and efficiency.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Automotive CAN Transceivers Market Drivers
Increasing demand for advanced safety features
Rising demand for electric vehicles
Automotive CAN Transceivers Market Restraints
High Cost of Automotive CAN Transceivers
Complexity in Integration
Request Free Customization of this report to help us to meet your business objectives.
The Global Automotive CAN Transceivers Market is a highly competitive and fragmented market, with several key players vying for market share. Some of the major players operating in the market compete on the basis of product features, performance, reliability, pricing, and brand reputation. The automotive CAN transceivers market is highly competitive due to the presence of several established players and the emergence of several new entrants. To maintain their market position and gain a competitive edge, companies are focusing on product innovation, strategic partnerships and collaborations, and mergers and acquisitions. Furthermore, companies are also investing heavily in research and development activities to enhance their product offerings and stay ahead of the competition.
Automotive CAN Transceivers Market Top Player’s Company Profiles
Automotive CAN Transceivers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Automotive CAN Transceivers Market analysis, the market is expected to witness significant growth in the coming years. This can be attributed to the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles, which require higher data communication rates and reliable network connectivity. Additionally, the rising trend of connected cars and the implementation of stringent government regulations for vehicle safety are also expected to drive the market growth. However, factors such as high implementation costs and the complexity of integrating CAN transceivers into existing systems may hinder the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4 Billion |
Market size value in 2031 | USD 7.29 Billion |
Growth Rate | 6.90% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive CAN Transceivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive CAN Transceivers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive CAN Transceivers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive CAN Transceivers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25A2102
sales@skyquestt.com
USA +1 351-333-4748