Report ID: SQMIG25E2113
Report ID:
SQMIG25E2113 |
Region:
Global |
Published Date: November, 2024
Pages:
223
|
Tables:
119 |
Figures:
76
Automotive Ethernet Market size was valued at USD 2.2 Billion in 2023 and is poised to grow from USD 2.57 Billion in 2024 to USD 9.09 Billion by 2032, growing at a CAGR of 16.6% during the forecast period (2025-2032).
The surge in the global automotive ethernet industry stems from escalating automobile production. This growth is fueled further by the increasing need for higher bandwidth and sophisticated infotainment systems within vehicles. Moreover, the upward trajectory is bolstered by rising disposable incomes, propelling a heightened global demand for automotive ethernet.
Forecasts indicate that Asia Pacific is poised to take the lead in this industry, primarily attributed to the escalating production and surging demand for automobiles in key nations such as India, China, and Japan. This region's market dominance is a result of its significant contributions to both manufacturing and consumption within the automotive sector.
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Report ID: SQMIG25E2113