Automotive PCIe Switch Market Size Worth $947.7 Million By 2030: IndustryARC

Automotive PCIe Switch Market size is predicted to reach $550.94 million by 2030, growing at a CAGR of 15.8% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC Emergence of sophisticated Artificial Intelligence (AI) And Machine Learning Workloads is driving the demand for Automotive PCIe Switch Market. This trend is expected to boost the growth of the Automotive PCIe Switch Market during the forecast period, finds IndustryARC in its recent report, titled “Automotive PCIe Switch Market Size, Share & Trends Analysis Report By Generation (PCIe 1.0, PCIe 2.0, PCIe 3.0, PCIe 4.0, PCIe 5.0, PCIe 6.0, PCIe 7.0), By Form Factor (M2, Standard PCIe, External PCIe, MPCIe/Mini PCIe, CE, U2, Others), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (ADAS, Mining, Infotainment Systems/IVI, Telematics System, In Car Networking System, Autonomous Technology, Control Units, In Vehicle Cameras and Sensors, Blackbox Recorders, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.”

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South America to Register Highest Growth:During the forecast period of 2023-2030, the South American region is expected to exhibit the highest compound annual growth rate (CAGR) of 20.4% in the global Automotive PCIe Switch Market. This growth is attributed to the External PCI Express technologies are extensively becoming prevalent in the automotive electronic systems for meeting certain standards of safety and reliability and to guarantee transferred application packets at the intended destination in passenger vehicles. According to Statistics, Brazil is the 8th biggest automotive producer and is the 6th largest producer of new light vehicles, and showing continuous growth with a 2.3% growth in production in the automotive industry. These factors are driving the demand and contributing to the growth of the Automotive PCIe Switch Market share in the South America region.

Automotive PCIe Switch Market 2023-2030: Scope of the Report

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Automotive PCIe Switch Market Report – Key Takeaways:

• Autonomous Technology Segment to Grow the Fastest

In the Automotive PCIe Switch Market analysis, the Autonomous Technology segment is estimated to grow with the fastest during the forecast period. The large amount of data from the multitude of sensors needs to be processed in real time in order for the automobile to make split-second decisions. The high bandwidth and low latency of PCI express switches enable them to perform the task without delays. An increase in R&D in the testing and improvement of autonomous technology by major industry players such as Tesla, Apple, Hyundai, Ford, and Audi is projected to increase demand for PCIe in the segment.

• South America to Register Highest Growth:

During the forecast period of 2023-2030, the South American region is expected to exhibit the highest compound annual growth rate (CAGR) of 20.4% in the global Automotive PCIe Switch Market. This growth is attributed to the External PCI Express technologies are extensively becoming prevalent in the automotive electronic systems for meeting certain standards of safety and reliability and to guarantee transferred application packets at the intended destination in passenger vehicles. According to Statistics, Brazil is the 8th biggest automotive producer and is the 6th largest producer of new light vehicles, and showing continuous growth with a 2.3% growth in production in the automotive industry. These factors are driving the demand and contributing to the growth of the Automotive PCIe Switch Market share in the South America region.

• M2 Form Factor is the Fastest Growing Segment in the Market

M2, Standard PCIe, External PCIe, MPCIe/Mini PCIe, CEM, and U2 are the major form factor segments of the Automotive PCIe market.  M2 form factor is an internally mounted expansion card that replaces the previous mSATA (Mini-SATA) standard. These aren’t connected to a motherboard via a cable, and they’re instead plugged directly into the motherboard using a dedicated M2 connector slot.

M2 form factor can transfer data at anywhere from 50% to approximately 650% faster than standard SATA, which depends on the motherboard’s capability. Also, M2 SSD on a motherboard that supports PCI 3.0 generation is faster than a regular SATA drive.

• Rising Adoption of Autonomous Vehicles to Boost the Market Size

The growing need for ADAS features, such as collision avoidance, lane departure warning, and adaptive cruise control, has driven the demand for PCIe switches in automobiles. These systems require high-speed data transfer between various components like cameras, sensors, and processors, which can be facilitated by PCIe switches. This number is expected to rise when fully connected and autonomous vehicles become a reality. To meet the car’s infotainment and ADAS (advanced driver assistance systems) needs, these ECUs connect the many cameras, sensors, radars, LiDARs, and displays. According to the Statistics, Ford plans to invest $4 billion in driverless vehicles by 2023 and 800,000 driverless cars are expected to be produced worldwide between 2023 and 2030. The dangers associated with in-vehicle electronics and connectivity infrastructure are growing increasingly sophisticated and costly as we move closer to completely autonomous vehicles. This is one of the major factors driving the growth of the Automotive PCIe Switch Market during the forecast period.

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Key Opportunity Analysis:

Increasing demand for connected and autonomous vehicles.

Connected and autonomous vehicles are gaining traction globally, with significant investments and initiatives from automotive manufacturers and technology companies. This presents a significant opportunity for PCIe switch manufacturers to provide the necessary connectivity infrastructure for these advanced vehicles. The growing demand for autonomous vehicles relies on complex electronic systems, which require reliable and high-bandwidth data transfer. PCIe switches can support the data-intensive requirements of autonomous driving systems, providing an opportunity for their integration in these vehicles. According to the Statistics in 2022, global connected car sales increased by 12% YoY, with connected cars accounting for more than 50% of total car sales. The United States remained the most important market for connected vehicles, followed by China and Europe. These three markets will account for nearly 80% of total global connected car sales.

Advancements in automotive infotainment and telematics systems.

Automotive infotainment systems are evolving rapidly, incorporating advanced features such as high-definition displays, multimedia streaming, and connected services. PCIe switches can enable high-speed data transfer and efficient communication between various infotainment system components, creating opportunities for improved user experiences. The demand for in-vehicle connectivity and multimedia streaming is on the rise, driven by consumer expectations for seamless integration of smartphones and other devices. PCIe switches can provide the necessary bandwidth and connectivity options to support these features, enabling a more connected and entertainment-rich driving experience.

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The Report also Covers the Following Areas:

• Automotive PCIe Switch Market Size and Forecast
• Automotive PCIe Switch Market Trends
• Automotive PCIe Switch Market Analysis by Generation
• Automotive PCIe Switch Market Analysis by Form Factor
• Automotive PCIe Switch Market Analysis by Vehicle Type
• Automotive PCIe Switch Market Analysis by Application

Automotive PCIe Switch Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Automotive PCIe Switch Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Automotive PCIe Switch Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic caused a decline in the Automotive PCIe switch market due to supply chain interruptions and reduced consumer spending affected demand for automotive electronics, including PCIe switches. However, as the industry adapted to new norms and production resumed, the market showed signs of recovery, driven by increased adoption of advanced driver-assistance systems and infotainment technologies, ultimately shaping a mixed impact on the Automotive PCIe switch market.
• The conflict between Russia and Ukraine has the potential to impact the Automotive PCIe switch market due to supply chain disruptions. As Ukraine is a hub for electronics manufacturing, any disruptions could lead to shortages in components like PCIe switches used in automotive electronics. This could result in delayed production, increased costs, and reduced availability of vehicles equipped with advanced connectivity features. Market players may need to diversify sourcing strategies and monitor the situation closely to mitigate potential risks and ensure smooth operations, which could further impact the market.

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List of Key Market Players in Automotive PCIe Switch Market:

The key companies profiled in the Automotive PCIe Switch Market Report are listed below:

• Broadcom
• STMicroelectronics
• Microchip Technology
• Toshiba
• NXP Semiconductors
• Intel
• Diodes Incorporated
• Maxim Integrated
• Renesas
• Rambus
• ON Semiconductor
• Texas Instruments Incorporated
• Synopsys, Inc.
• Marvell Technology, Inc.
• Skyworks Solutions, Inc.

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