Automotive Ethernet Market Share

APAC Market Forecast

Asia Pacific industry is predicted to dominate majority revenue share of 47% by 2037. The expansion in passenger car production is one of the main factors influencing the industry in APAC. Manufacturing centers include China, Japan, South Korea, and India for the automotive sector. China, Indonesia, Malaysia, Taiwan, Thailand, Japan, India, and South Korea collectively produced more than 45 million automobiles in 2021, according to figures from the Organisation Internationale des Constructeurs d'Automobiles (OICA). The demand for in-car networking components is anticipated to rise throughout the projection period as vehicle manufacturing rises. In turn, this is expected to fuel the expansion of the market in the area. By 2025, it is estimated that all automobiles will be connected, and 35% will be self-driving. Japan and Korea are expected to lead the ASEAN countries in technology adoption. Every OEM in the Asia Pacific region is interested in automotive ethernet for next-generation automobiles' in-vehicle networks.

North American Market Statistics

The automotive ethernet market in North America garnered is anticipated to grow at a significant rate over the forecast period. The market growth in the region is attributed growing adoption of smart and advanced technologies. Further, to deliver these services, suppliers, and manufacturers are taking initiatives to boost its production and deployment, owing to which market is further expanding in the region. Besides this, the growing production of vehicles in the region will also contribute to its market growth. In 2022, the vehicle industry produced around 10 million motor vehicles, it includes light commercial vehicles, passenger automotives, big buses, trucks, and coaches.