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The automotive Ethernet market is projected to grow from USD 1.8 billion in 2020 to USD 5.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.9% from 2020 to 2026.
Major factors expected to drive the growth of the automotive Ethernet market include increasing demand for higher bandwidth, rise in deployment of ADAS and infotainment systems, rising vehicle production, and growing demand for passenger and safety and convenience. However, interoperability among components and application compatibility could pose challenges to market growth.
By component, the hardware segment to account for a higher market share during the forecast period
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ResearchAndMarkets.com’s offering.
The automotive Ethernet market is projected to grow from USD 1.8 billion in 2020 to USD 5.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.9% from 2020 to 2026.
Major factors expected to drive the growth of the automotive Ethernet market include increasing demand for higher bandwidth, rise in deployment of ADAS and infotainment systems, rising vehicle production, and growing demand for passenger and safety and convenience. However, interoperability among components and application compatibility could pose challenges to market growth.
By component, the hardware segment to account for a higher market share during the forecast period
Automotive Ethernet provides connectivity for various automotive applications such as powertrain, chassis, body and comfort, ADAS, and infotainment systems. It supports high bandwidth applications operating at high or low