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Answer : The global automotive communication technology market size was valued at USD 7.63 billion in 2020 and predicted to reach US$ 36.30 Bn by 2030.

Answer : The global automotive communication technology market is expected to registered a growth at a CAGR of 15.4% from 2021 to 2030.

Answer : Automotive Communication Technology consists of computer networks that permit vehicles as well as roadside units for sharing information and data for example traffic information and safety warnings. It is very beneficial in avoiding accidents and small traffic jams. It is a part of intelligent transportation system that allows buyer for being a part of more reliable transport network.

Answer : Rise in the air pollution with an alarming rate mainly because of carbon emission particularly from the transportation sector is one of the prime factors that drives the market growth for automotive communication technology. To control the emission rate from vehicles government of various regions are significantly switching their transportation sector into green mobility that includes zero-emission vehicles, shared mobility, electric & solar powered vehicles, and so on. These modern renewable sourced vehicles are equipped with new and advanced technologies and hence increase complexity within vehicles. This all triggers the need for better and advanced communication protocol for automobiles.

Answer : The Asia Pacific region accounts prominent revenue share of 44.7% in the automotive communication technology market.

Answer : Some of the key players operating in the global automotive communication technology market are Toshiba Corporation, Robert Bosch, Texas Instruments, Broadcom Inc., NXP Semiconductors, Infineon Technologies AG, STMicroelectronics, Renesas Electronics Corporation, Microchip Technology Inc., ON Semiconductor, Rohm Semiconductor, Maxim Integrated, Melexis NV, Xilinx Inc., Elmos Semiconductor SE, Analog Devices, Vector Informatik GmbH, and Intel Corporation among others.

Answer : On the basis of application, body control & comfort acquired the maximum market revenue of US$ 2.62 billion in 2020 because of rising adoption of higher level of safety and comfort features in modern cars & vehicles.