The increasing demand for connected vehicles and the adoption of advanced driver assistance systems (ADAS) are driving growth in the automotive communication technology market. Furthermore, the rising need for in-vehicle infotainment systems and telematics solutions is also fueling market growth.
Industry
Report Coverage | Details |
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Segments Covered | Bus Module, Application, Vehicle Class |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Toshiba, Robert Bosch, Texas Instruments, Broadcom, NXP Semiconductors, Infineon Technologies AG, STMicroelectronics, Renesas Electronics, Microchip Technology, ON Semiconductor |
However, the high cost associated with the implementation of communication technologies in vehicles is hindering market growth. Additionally, concerns regarding data security and privacy are acting as major restraints, preventing the widespread adoption of automotive communication technology.