The Asia Pacific automotive transceivers market is expected to grow from US$ 3,370.64 million in 2022 to US$ 5,254.84 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
Technological advancements enhance safety in cars that helps mitigate the accident and death rate. Autonomous driving assists have become available from 2021 in premium mass market models such as Mahindra XUV700 and MG Astor. Thus, many companies are incorporating ADAS in upcoming models; for example, Hyundai announced its plan to offer ADAS in its premium lineup by the end of 2022. In addition, in July 2021, Neusoft Reach introduced a next-generation autonomous driving central computing platform, which supports 16-channel high-definition cameras, radar, and ultrasonic and multi-channel lidar to achieve a 360° view of the whole vehicle. Also, in May 2021, Intel Corp’s Mobileye and ZF Friedrichshafen AG, a German supplier, had planned to develop advanced safety systems for upcoming Toyota Motor Corp vehicles. Thus, such developments in the advancements of the connectivity technology for enhancing in-vehicle communication are augmenting the demand for automotive transceivers in the automotive industry, which is bolstering the Asia Pacific automotive transceivers market growth.
Growing Adoption of Self-Driving or Autonomous Vehicles to Provide Lucrative Opportunities for The Growth of The Asia Pacific Automotive Transceivers Market
Digitization and automation have revolutionized the automotive sector. Amid this revolution, diverse mobility, autonomous driving, electrification, and connectivity have emerged as major trends in this sector. Connectivity and information-sharing are the key functions enabling self-driving/autonomous vehicles. Connected and autonomous vehicles have network access to share information on tire pressure, mechanical systems, navigation, geolocation, and cameras. The data received on mechanical state, vehicle performance, and driver’s information are used to enhance the safety of vehicle occupants, along with making the journey more enjoyable. Automotive transceivers facilitate the sharing of these data and information. With the help of transceivers, autonomous vehicles or self-driving cars can communicate with one another and change routes based on traffic, accidents, or construction work in progress, which helps lower congestion on roads. Moreover, automated vehicles sense the environment and navigate around obstacles, and obey traffic laws with the help of technologies such as radar, sonar, lidar, GPS, and infrared sensors embedded with transceivers in the vehicles. Hence, the projected increase in the manufacturing and adoption of autonomous vehicles/self-driving cars is likely to provide lucrative opportunities for the growth of the Asia Pacific automotive transceivers market in the coming years.Asia Pacific Automotive Transceivers Market Overview
In Asia Pacific, the rapidly growing economy and the increasing disposable income of middle-class consumers are majorly responsible for a surge in demand for vehicles. Automotive transceivers are deployed in the vehicles for in-vehicle connectivity and communication to enhance the safety and comfort of the passenger. In addition, the growth prospects in sales of vehicles are anticipated to propel the usage of automotive transceivers. As per the International Organization of Motor Vehicle Manufacturers, the sales of new registered vehicles increased from 41.28 million units in 2020 to 43.70 million units in 2021, registering a growth rate of 6%. Thus, such rising sales of vehicles are increasing the demand for automotive transceivers, which is fueling the Asia Pacific automotive transceivers market growth. Also, factors such as increasing market penetration of premium cars and safety installations in the vehicle are boosting the demand for automotive night vision systems and driver monitoring systems, which is further creating the demand for transceivers for exchanging signals at a faster rate.Technological advancements enhance safety in cars that helps mitigate the accident and death rate. Autonomous driving assists have become available from 2021 in premium mass market models such as Mahindra XUV700 and MG Astor. Thus, many companies are incorporating ADAS in upcoming models; for example, Hyundai announced its plan to offer ADAS in its premium lineup by the end of 2022. In addition, in July 2021, Neusoft Reach introduced a next-generation autonomous driving central computing platform, which supports 16-channel high-definition cameras, radar, and ultrasonic and multi-channel lidar to achieve a 360° view of the whole vehicle. Also, in May 2021, Intel Corp’s Mobileye and ZF Friedrichshafen AG, a German supplier, had planned to develop advanced safety systems for upcoming Toyota Motor Corp vehicles. Thus, such developments in the advancements of the connectivity technology for enhancing in-vehicle communication are augmenting the demand for automotive transceivers in the automotive industry, which is bolstering the Asia Pacific automotive transceivers market growth.
Asia Pacific Automotive Transceivers Market Segmentation
The Asia Pacific automotive transceivers market is segmented into protocol, application, vehicle type, and country.- Based on protocol, the Asia Pacific automotive transceivers market is segmented into CAN, LIN, FLEXRAY, and others. The CAN segment held the largest market share in 2022.
- Based on application, the Asia Pacific automotive transceivers market is segmented into safety, body control module, chassis, powertrain, steering wheel, engine, and door/seat. The safety segment held the largest market share in 2022.
- Based on vehicle type, the Asia Pacific automotive transceivers market is bifurcated into passenger vehicles, and commercial vehicles. The passenger vehicles segment held the larger market share in 2022.
- Based on country, the Asia Pacific automotive transceivers market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Automotive Transceivers Market Landscape
4.1 Market Overview
4.2 Asia Pacific - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Automotive Transceivers Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Communications in Automobiles
5.1.2 Equipment of Advanced Communication and Safety Features in Electric Vehicles
5.2 Market Restraints
5.2.1 Increasing Complexities in Electronic Systems
5.3 Market Opportunities
5.3.1 Growing Adoption of Self-Driving or Autonomous Vehicles
5.4 Trends
5.4.1 Drive-By-Wire, Steer-By-Wire, and Brake-By-Wire
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Automotive Transceivers Market -Market Analysis
6.1 Overview
6.2 Asia Pacific Automotive Transceivers Market Forecast and Analysis
7. Asia Pacific Automotive Transceivers Market Analysis - By Protocol
7.1 Overview
7.2 Asia Pacific Automotive Transceivers Market, By Protocol (2021 & 2028)
7.3 CAN
7.3.1 Overview
7.3.2 CAN: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
7.4 LIN
7.4.1 Overview
7.4.2 LIN: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
7.5 FLEXRAY
7.5.1 Overview
7.5.2 FLEXRAY: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
7.6 OTHERS
7.6.1 Overview
7.6.2 Others: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 - By Application
8.1 Overview
8.2 Asia Pacific Automotive Transceivers Market, By Application (2021 & 2028)
8.3 Safety
8.3.1 Overview
8.3.2 Safety: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.4 Body Control Module
8.4.1 Overview
8.4.2 Body Control Module: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.5 Chassis
8.5.1 Overview
8.5.2 Chassis: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.6 Powertrain
8.6.1 Overview
8.6.2 Powertrain: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.7 Steering Wheel
8.7.1 Overview
8.7.2 Steering Wheel: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.8 Engine
8.8.1 Overview
8.8.2 Engine: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
8.9 Door/Seat
8.9.1 Overview
8.9.2 Door/Seat: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 - Vehicle Type
9.1 Overview
9.2 Asia Pacific Automotive Transceivers Market, By Vehicle Type (2021 & 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Vehicles: Asia Pacific Automotive Transceivers Market Revenue and Forecast To 2028 (US$ Million)
10. Asia Pacific Automotive Transceivers Market - Country Analysis
10.1 Overview
10.1.1 Asia Pacific Automotive Transceivers Market, by Key Country
10.1.1.1 China: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 China: Automotive Transceivers Market, By Protocol
10.1.1.1.2 China: Automotive Transceivers Market, By Application
10.1.1.1.3 China: Automotive Transceivers Market, By Vehicle Type
10.1.1.2 Japan: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Japan: Automotive Transceivers Market, By Protocol
10.1.1.2.2 Japan: Automotive Transceivers Market, By Application
10.1.1.2.3 Japan: Automotive Transceivers Market, By Vehicle Type
10.1.1.3 India: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Automotive Transceivers Market, By Protocol
10.1.1.3.2 India: Automotive Transceivers Market, By Application
10.1.1.3.3 India: Automotive Transceivers Market, By Vehicle Type
10.1.1.4 South Korea: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 South Korea: Automotive Transceivers Market, By Protocol
10.1.1.4.2 South Korea: Automotive Transceivers Market, By Application
10.1.1.4.3 South Korea: Automotive Transceivers Market, By Vehicle Type
10.1.1.5 Australia: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Australia: Automotive Transceivers Market, By Protocol
10.1.1.5.2 Australia: Automotive Transceivers Market, By Application
10.1.1.5.3 Australia: Automotive Transceivers Market, By Vehicle Type
10.1.1.6 Rest of Asia Pacific Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific Automotive Transceivers Market, By Protocol
10.1.1.6.2 Rest of Asia Pacific Automotive Transceivers Market, By Application
10.1.1.6.3 Rest of Asia Pacific Automotive Transceivers Market, By Vehicle Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Broadcom Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Renesas Electronics Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Maxim Integrated Products Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Microchip Technology Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NXP Semiconductors NV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Robert Bosch
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Texas Instruments Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Toshiba Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 STMicroelectronics NV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
Table 1. Asia Pacific Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Automotive Transceivers Market, By Protocol - Revenue and Forecast to 2028 (US$ Million)
Table 3. Asia Pacific Automotive Transceivers Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. Asia Pacific Automotive Transceivers Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 17. Australia: Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 18. Australia: Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 19. Australia: Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Asia Pacific Automotive Transceivers Market, By Protocol -Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia Pacific Automotive Transceivers Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Automotive Transceivers Market, By Vehicle Type -Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
Figure 1. Asia Pacific Automotive Transceivers Market Segmentation
Figure 2. Asia Pacific Automotive Transceivers Market Segmentation - By Country
Figure 3. Asia Pacific Automotive Transceivers Market Overview
Figure 4. CAN Segment held the Largest Share of Asia Pacific Automotive Transceivers Market
Figure 5. India to Show Great Traction During Forecast Period
Figure 6. Asia Pacific- PEST Analysis
Figure 7. Ecosystem Analysis: Asia Pacific Automotive Transceivers Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Automotive Transceivers Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Automotive Transceivers Market Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific Automotive Transceivers Market Revenue Share, By Protocol (2021 & 2028)
Figure 12. CAN: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. LIN: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. FLEXRAY: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Automotive Transceivers Market Revenue Share, By Application (2021 & 2028)
Figure 17. Safety: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Body Control Module: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Chassis: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Powertrain: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Steering Wheel: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Engine: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Door/Seat: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific Automotive Transceivers Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 25. Passenger Vehicles: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Commercial Vehicles: Asia Pacific Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Asia Pacific Automotive Transceivers Market, by Key Country - Revenue (2021) (US$ Million)
Figure 28. Asia Pacific Automotive Transceivers Market Revenue Share, by Key Country (2021 & 2028)
Figure 29. China: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Australia: Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Asia Pacific Automotive Transceivers Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Broadcom Inc
- Maxim Integrated Products Inc
- Microchip Technology Inc
- NXP Semiconductors NV
- Renesas Electronics Corp
- Robert Bosch
- STMicroelectronics NV
- Texas Instruments Inc
- Toshiba Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 3370.64 Million |
| Forecasted Market Value ( USD | $ 5254.84 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 9 |
