Automotive Ethernet Market Forecasted to Reach $5.81 Billion by 2028 with Growing Adoption of ADAS and Connected Car Technologies [Yahoo! Finance]
Broadcom Inc. (AVGO)
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Source: Yahoo! Finance
Global Automotive Ethernet Market Exhibits Prominent Growth According to a recent market research report, the automotive ethernet market is on a significant upward trajectory. This comprehensive research delivers a complete perspective of the market status and its prospective outlook. The report unveils that the automotive ethernet market, valued at $2.41 billion in 2023, is expected to burgeon to a remarkable $2.91 billion in 2024. At a CAGR of 20.5%, the industry's growth is propelled by an increasing demand for advanced driver-assistance systems (ADAS), connected vehicle technologies, and innovative automotive data transmission solutions. Key Drivers of the Automotive Ethernet Market The projected expansion of the automotive ethernet market, at a CAGR of 18.9% leading to $5.81 billion by 2028, is anchored in the surge of automotive use cases requiring high bandwidth and the infusion of investments in research and development for connected cars. Standardization, interoperabil
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AVGO
Earnings
- 3/7/24 - Beat
AVGO
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- AVGO's page on the SEC website