Frequently Asked Questions
The global automotive transceivers market was valued at USD 5.9 Billion in 2022.
The automotive transceivers market is expected to grow at a CAGR of 6.80% between 2023 and 2030, reaching USD 9.3 Billion in 2030.
The CAN protocol sector controls around 70% of the automotive transceiver industry.
The light commercial vehicle (LCV) category is predicted to have the second highest market demand.
The safety sector is the market’s largest contributor and is predicted to grow at a CAGR of 7.63% over the forecast period.
North America now has the largest market share.
The top players include Broadcom Limited, Cypress Semiconductor Corporation, Infineon Technologies AG, Maxim Integrated, and Microchip Technology Inc. Other major players include Nxp Semiconductors N.V., Robert Bosch Gmbh, Stmicroelectronics, and Texas Instruments Inc.
The primary market drivers are increasing demand for advanced driver assistance systems (ADAS) in modern vehicles, as well as rising use of electric vehicles (EV) and hybrid electric vehicles (HEV).
Advanced transceiver technology is expensive, and Automotive Electronics Difficulties are significant market limitations.
The key opportunities in the automotive transceivers sector include vehicle electrification and increased demand for in-car entertainment systems.