Global Automotive CAN Transceivers Market

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 2025-2032


Report ID: SQMIG25A2102 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 67 | Figures: 75

Automotive CAN Transceivers Market Insights

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.

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FAQs

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.

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Global Automotive CAN Transceivers Market

Report ID: SQMIG25A2102

$5,300
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