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Automotive Central Gateway Module Market to grow by USD 1.15 billion from 2022 to 2027, Increasing government support to promote EVs to boost the growth - TechnavioNEW YORK , Feb. 5, 2024 /PRNewswire/ -- The automotive central gateway module market is estimated to grow by USD 1.15 billion at a CAGR of 7.09% from 2022 to 2027, according to Technavio. Increasing government support to promote EVs is a key factor driving growth. Governments globally prioritize electric vehicle (EV) adoption to address concerns like oil dependency, climate change, and air quality. Incentives are offered to consumers to boost EV adoption, contributing to the growth. CGMs play a vital role in EVs, facilitating real-time secure communication of battery status. Despite shared functionality with internal combustion engine (ICE) vehicles, CGMs in EVs must support diverse networking technologies for secure external communication due to their high electronic content. For more insights on the historical (2017 to 2021) and forecast market size (2023 to 2027) - Request a Free sample report Aptiv Plc, Beijing Jingwei Hirain Technologies Co. Inc., Continental AG, DENSO Corp., FEV Group GmbH, Flex Ltd., Hitachi Ltd., Infineon Technologies AG, Lear Corp., MarkLines, MRS Electronic GmbH and Co. KG, NXP Semiconductors NV, OMRON Corp., Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics NV, Tata Elxsi Ltd, TDK Corp., and Texas Instruments Inc. are key companies. What's New?
Technavio has segmented the market based on application (passenger cars and commercial vehicles), type (LIN central gateway module, CAN central gateway module, and ethernet central gateway module), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Insights on the contribution of various segments including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Free Sample Report Insights on Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a Free sample report! Automotive Central Gateway Module: Benefits The automotive central gateway module serves as a critical component in modern automotive electronics, facilitating vehicle connectivity and communication within in-vehicle networks. It acts as a central hub for various automotive control units and electronic control modules, enabling seamless integration of automotive technology and IoT in automotive applications. This module plays a key role in processing vehicle data, and supporting connected cars and automotive communication systems while ensuring automotive cybersecurity and vehicle diagnostics. It contributes to the efficient electronic architecture of vehicles, enabling automotive software and networking, including the CAN bus, telematics, and automotive data exchange. Overall, the central gateway module enhances vehicle electronics integration and provides automotive connectivity solutions for advanced automotive systems. What are the key data covered in this Automotive Central Gateway Module Market report? Technavio's SUBSCRIPTION platform Related Reports: The automotive communication protocols market size is estimated to grow at a CAGR of 7.11% by USD 637.98 million between 2023 and 2028. The Automotive Engineering Services Outsourcing (ESO) Market size is forecast to increase by USD 67.71 billion, at a CAGR of 11.3% between 2023 and 2028. ToC: Executive Summary Market Landscape Market Sizing Historic Sizes Five Forces Analysis Segmentation by Application Segmentation by Type Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis Appendix About Us Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-central-gateway-module-market-to-grow-by-usd-1-15-billion-from-2022-to-2027--increasing-government-support-to-promote-evs-to-boost-the-growth---technavio-302052833.html SOURCE Technavio |