The automotive LIN transceivers market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing demand for advanced comfort and convenience features, increasing demand for advanced electronics and communication systems, growing adoption of electric and hybrid vehicles, adoption of LIN 2.x technology, increasing use of LIN in advanced driver assistance systems. Major trends in the forecast period include integration of LIN transceivers with other communication protocols, shift towards LIN for decentralized automotive architectures, technological advancement, integration of LIN in automotive HVAC systems, integration of LIN transceivers with other communication protocols.
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Segmentation & Regional Insights
The automotive lin transceivers market covered in this report is segmented –
1) By Type: Single Channel LIN Transceivers, Multi-Channel LIN Transceivers
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive LIN transceivers market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive lin transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for electric and hybrid vehicles is expected to propel the growth of automotive LIN transceivers markets going forward. Electric and hybrid vehicles refer to automobiles that utilize electric propulsion systems either exclusively (electric vehicles) or in conjunction with an internal combustion engine (hybrid vehicles) for power. The increasing demand for electric and hybrid vehicles is due to their lower emissions of greenhouse gases and pollutants compared to traditional gasoline-powered cars. Automotive LIN transceivers enable efficient communication between various vehicle components, enhancing overall system performance, and facilitating the integration of advanced features crucial for electrified vehicle platforms. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the total sales of electric cars experienced significant growth, more than tripling over three years, rising from approximately 4% in 2020 to 14% in 2022. Further, in the first quarter of 2022, sales of electric cars surpassed 2.3 million units, reflecting a notable increase of about 25% compared to the corresponding period last year. It is expected to see 14 million sales by the end of 2023, representing 35% year-on-year. Furthermore, in February 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, hybrid electric car sales saw a robust increase of 40.0%, while plug-in hybrid electric cars experienced a notable growth of 25.1%. Electrified vehicles accounted for 5.6% of the market, marking a rise from 4.0% in 2022. Therefore, the growing demand for electric and hybrid vehicles is driving the growth of the automotive LIN (local interconnect network) transceivers market.
Automotive LIN Transceivers Market Fueled By Demand For Advanced Electronics And Communication Systems
The increasing demand for advanced electronics and communication systems is expected to propel the growth of automotive LIN transceivers markets going forward. Advanced automobile electronics and communication systems refer to a complex network of interconnected technologies to enhance vehicle performance, safety, and connectivity. Increasing demand for advanced electronics and communication systems in the automotive sector is driven by consumers’ growing emphasis on safety features. Automotive LIN transceivers facilitate the transmission of vital data among sensors, controllers, and actuators, ensuring the real-time responsiveness and precision needed for advanced electronic and communication systems such as ADAS to function efficiently and bolster driving safety. For instance, in April 2022, according to the Highway Loss Data Institute, a US-based nonprofit organization, the projection for 2026 indicates a significant advancement in the integration of advanced driver assistance and safety features within the registered vehicle landscape, with an estimated increase of over 20%. Specifically, rear cameras and parking sensors are expected to be standard in 71% and 60% of registered vehicles by 2026. Furthermore, the adoption of front automatic emergency braking (AEB) is anticipated to rise from 18% in 2021 to 43% by 2026 among registered vehicles. Therefore, the increasing demand for advanced electronics and communication systems is driving the growth of the automotive LIN (local interconnect network) transceivers market.
Key Industry Players
Major companies operating in the automotive lin transceivers market are TDK Corporation, Toshiba Electronic Devices & Storage Corporation, STMicroelectronics, Infineon Technologies, Murata Manufacturing Co. Ltd., NXP Semiconductors, Analog Devices, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductor, Maxim Integrated, Littelfuse Inc., ON Semiconductor, Diodes Incorporated, Microchip Technology, Silicon Laboratories Inc., Allegro MicroSystems, Melexis, TT Electronics plc, Elmos Semiconductor SE, Kvaser AB
The automotive lin transceivers market report table of contents includes:
1. Executive Summary
2. Automotive LIN Transceivers Market Characteristics
3. Automotive LIN Transceivers Market Trends And Strategies
4. Automotive LIN Transceivers Market – Macro Economic Scenario
5. Global Automotive LIN Transceivers Market Size and Growth
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31. Automotive LIN Transceivers Market Other Major And Innovative Companies
32. Global Automotive LIN Transceivers Market Competitive Benchmarking
33. Global Automotive LIN Transceivers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive LIN Transceivers Market
35. Automotive LIN Transceivers Market Future Outlook and Potential Analysis
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