Automotive CAN Transceivers Market Size, Share, Growth Analysis, By Type(High-speed CAN transceivers, low-speed CAN transceivers, and fault-tolerant CAN transceivers), By Application(Passenger cars, commercial vehicles (trucks, buses, etc.)), By Region - Industry Forecast 2024-2031

Automotive CAN Transceivers Market size was valued at USD 4 Billion in 2022 and is poised to grow from USD 4.28 Billion in 2023 to USD 7.29 Billion by 2031, growing at a CAGR of 6.90% in the forecast period (2024-2031).

The 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. 'NXP Semiconductors N.V. (Netherlands)', 'Texas Instruments Inc. (US)', 'Infineon Technologies AG (Germany)', 'STMicroelectronics N.V. (Switzerland)', 'Robert Bosch GmbH (Germany)', 'ON Semiconductor Corporation (US)', 'Toshiba Corporation (Japan)', 'Analog Devices, Inc. (US)', 'Renesas Electronics Corporation (Japan)', 'Melexis NV (Belgium)', 'Microchip Technology Inc. (US)', 'Maxim Integrated Products Inc. (US)', 'Silicon Labs (US)', 'Cypress Semiconductor Corporation (US)', 'ROHM Semiconductor (Japan)', 'Atmel Corporation (US)', 'Elmos Semiconductor AG (Germany)', 'TJA1050T/CM,118 NXP Semiconductors (Netherlands)', 'Vishay Intertechnology, Inc. (US)', 'Kvaser AB (Sweden)'

The growing demand for advanced safety features such as lane departure warnings, adaptive cruise control, and blind-spot detection is driving the market growth. CAN transceivers enable these safety features by facilitating communication between various ECUs in a vehicle.

Increasing use of CAN FD Transceivers: The automotive industry is witnessing a shift toward the use of CAN FD (Flexible Data Rate) transceivers. CAN FD transceivers offer higher data transfer rates, making them suitable for use in advanced automotive applications such as autonomous driving.

North America dominated the 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.