The Automotive Communication Technology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Communication Technology Market?
The market size of the automotive communication technology sector has seen significant expansion in recent years. In 2024, the market was valued at $12.86 billion and is projected to reach $14.9 billion in 2025, showing a compound annual growth rate (CAGR) of 15.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Communication Technology Industry?
According to the Automotive Communication Technology Global Market Report 2025, the automotive communication technology market is anticipated to grow significantly, reaching $26.68 billion in 2029. The projected compound
Download Your Free Sample of the 2025 Automotive Communication Technology Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Automotive Communication Technology Market?
The key drivers in the automotive communication technology market are:
• Proliferation of connected and autonomous vehicles boosts the demand for automotive communication technology.
• Deployment of 5G connectivity ensuring faster and reliable communication between vehicles and infrastructure.
• Introduction and focus on cybersecurity solutions for protection against cyber threats in connected vehicles.
• The rise in EVs drives demand for enhanced communication technology supporting battery management and charging infrastructure.
Global Market Segmentation: Identifying Major Automotive Communication Technology Industry Segments
The automotive communication technology market covered in this report is segmented –
1) By Bus Module: Controller Area Network (CAN), Local Interconnect Network (LIN), Media-Oriented Systems Transport (MOST), FlexRay, Ethernet
2) By Vehicle Class: Luxury, Mid-Size, Economy
3) By Application: Powertrain, Infotainment Ans Communication, Body Control And Comfort, Safety And Advanced Driver Assistance System
Pre-order the 2025 Automotive Communication Technology Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Automotive Communication Technology Market?
The key trends in the automotive communication technology market are:
• The shift towards centralised vehicle architectures to streamline communication and reduce complexity is forecasted.
• Increasing utilisation of Over-The-Air (OTA) updates for software and firmware upgrades in vehicles is an emerging trend.
• The advent of Vehicle-to-Everything (V2X) communication protocols for enhanced road safety and efficiency.
• The adoption of AI and machine learning for predictive maintenance and personalised driving experiences, and integration of blockchain for secure data sharing in automotive ecosystems are major emerging trends.
Who Are the Top Competitors & Leading Players in the Automotive Communication Technology Market?
Major companies in the automotive communication technology market are:
• Huawei Technologies Co. Ltd.
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• Schneider Electric Inc.
• Honeywell International, Inc.
• ABB Ltd.
• Emerson Electric Co.
• Enbridge Inc.
• The Williams Companies, Inc.
• Wipro Enterprises (P) Ltd.
• Rockwell Automation Inc.
• Xylem Inc.
• Moxa Technologies
• Targa Resources Corp.
• KROHNE Group
• BRUGG Group AG
• ORBCOMM
• PSI Software
• Optasense
• Microflex, LLC
• Pure Technologies Ltd.
• Necon Group
• Sensornet
• Open Access Technology International Inc.
Regional Dominance: Which Area Leads the Global Automotive Communication Technology Market?
Asia-Pacific was the largest region in the automotive communication technology market in 2024
