DUBLIN–(Business Wire)–The “Global Automotive Communication Protocols Market 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
The global automotive communication protocols market is poised to grow by $574.57 mn during 2020-2024, progressing at a CAGR of 9% during the forecast period.
This report on the automotive communication protocols market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the increasing electrification in vehicles, increasing government support to promote EVs and government initiatives encouraging the use of telematics. In addition, increasing electrification in vehicles is anticipated to boost the growth of the market as well.
This study identifies the adoption of high bandwidth automotive networks as one of the prime reasons driving the