What Has Been the Growth of the Automotive LIN Transceivers Market So Far?
The automotive lin transceivers market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the market size of automotive LIN transceivers in the recent years. The market is projected to accelerate from a worth of $4.17 billion in 2024 to about $4.51 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.2%.
This rise during the historic period is mainly due to the escalation of LIN-integrated electronic power steering (EPS) systems, the increased demand for LIN in automotive passive entry/passive start (PEPS) systems, the growing application of LIN in automotive climate control modules, and the expanding use of LIN in automotive instrument clusters.
How Will the Automotive LIN Transceivers Market?
The automotive lin transceivers market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, the automotive LIN transceivers market is projected to experience robust growth, reaching $6.13 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%.
This growth during the forecast period can be tied to the rising demand for superior comfort and convenience features, increased need for advanced electronics and communication systems, the widespread embrace of electric and hybrid vehicles, the uptake of LIN 2x technology, and the progressive use of LIN in advanced driver assistance systems. The forecast period is also expected to witness major trends such as the integration of LIN transceivers with other communication protocols, the transition towards LIN for decentralized automotive architectures, technological progress, the incorporation of LIN in automotive HVAC systems, and further integration of LIN transceivers with other communication protocols.
Which Factors Are Boosting Growth In The Automotive LIN Transceivers Market?
The escalating demand for electric and hybrid cars is believed to be a significant driver for the expansion of the automotive LIN transceivers market in the future. These types of vehicles, which either rely entirely on electric propulsion systems (electric vehicles) or use them in combination with an internal combustion engine (hybrid vehicles), have experienced a surge in demand due to their reduced greenhouse gas and pollutant emissions compared to common gas-powered vehicles. Automotive LIN transceivers play a crucial role in these vehicles, bolstering effective communication among various car components, boosting the system’s overall performance, and aiding in the integration of key features necessary for electrified vehicle platforms. For instance, per the International Energy Agency, a France-based autonomous intergovernmental agency, approximately 14 million new electric cars were registered worldwide in 2023, raising the total to 40 million and inflating the percentage of car sales attributable to EVs to 18%, a rise from 14% in 2022. Furthermore, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade organization, hybrid electric vehicle sales witnessed a sturdy growth of 40.0% while plug-in hybrid electric car sales enjoyed a significant rise of 25.1% in February 2024. Electrified cars made up 5.6% of the market, signifying a move up from 4.0% in 2022. Consequently, the escalating demand for electric and hybrid vehicles is accelerating the growth of the automotive LIN (local interconnect network) transceivers market. The rise in the demand for advanced electronic and communication systems in the automotive sector is another contributing factor driving the growth of the automotive LIN transceivers market. These sophisticated automotive electronic and communication systems form a complex network of interrelated technologies that augment vehicle operation, safety, and connectivity. With consumers placing a greater emphasis on safety features, the demand for such systems is on the rise. Automotive LIN transceivers are integral to this, facilitating the real-time movement of crucial data among sensors, controllers, and actuators, thus ensuring the necessary responsiveness and precision for effective functioning of advanced electronic and communication systems including ADAS which enhance driving safety. For instance, the Highway Loss Data Institute, a US-based nonprofit organization, forecasted in April 2022 that there would be significant advancements in the integration of advanced driver assistance and safety features within the registered vehicle landscape by 2026, with an expected increase of over 20%. In particular, it is predicted that 71% and 60% of vehicles registered by 2026 will be equipped with standard rear cameras and parking sensors, respectively. Besides, the adoption of front automatic emergency braking (AEB) is expected to climb from 18% in 2021 to 43% by 2026 in registered vehicles. As a result, the growing demand for advanced electronic and communication systems is fueling the expansion of the automotive LIN (local interconnect network) transceivers market.
What Key Areas Define The Segmentation Of The Global Automotive LIN Transceivers Market?
The automotive LIN transceivers market covered in this report is segmented –
1) By Type: Single Channel LIN Transceivers, Multi-Channel LIN Transceivers
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Single Channel LIN Transceivers: Standard Single Channel LIN Transceivers, Low Power Single Channel LIN Transceivers, High-Speed Single Channel LIN Transceivers
2) By Multi-Channel LIN Transceivers: Dual-Channel LIN Transceivers, Quad-Channel LIN Transceivers, Multi-Channel LIN Transceivers
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What Trends Are Shaping The Automotive LIN Transceivers Market?
Leading businesses in the automotive LIN transceivers market are concentrating their efforts on creating local interconnect network (LIN) system basis chips (SBCs) like the TLIN1431x-Q1, to establish a competitive advantage. The TL1431-Q1 is a finely-tuned programmable reference built for usage in electronic circuits. This local interconnect network (LIN) system basis chip (SBC) enhances communication within automotive and industrial scenarios, streamlines wiring and diminishes user expenses. For example, in October 2023, the American semiconductor business, Texas Instruments Incorporated, introduced the TLIN1431x-Q1, an innovative automotive local interconnect network system basis chip. This chip is equipped with numerous features, including a watchdog, a high-side switch, limp home functionality, a customizable WAKE input pin, a low dropout voltage regulator, a window-based watchdog supervisor, and several wake-up techniques.
Who Are the Key Players In The Automotive LIN Transceivers Market?
Major companies operating in the automotive LIN transceivers market are:
• TDK Corporation
• Toshiba Electronic Devices & Storage Corporation
• STMicroelectronics
• Infineon Technologies
• Murata Manufacturing Co. Ltd.
• NXP Semiconductors
• Analog Devices
• Renesas Electronics Corporation
• Texas Instruments
• ROHM Semiconductor
• Maxim Integrated
• Littelfuse Inc.
• ON Semiconductor
• Diodes Incorporated
• Microchip Technology
• Silicon Laboratories Inc.
• Allegro MicroSystems
• Melexis
• TT Electronics plc
• Elmos Semiconductor SE
• Kvaser AB
What Is The Most Dominant Region In The Automotive LIN Transceivers Market?
Asia-Pacific was the largest region in the automotive LIN transceivers market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive LIN transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
