Global Automotive Actuators Market 2019-2023
About this market
Emergence of new generation power over ethernet is likely to drive market growth. PoE offers significant benefits in terms of ease of installation and reduces capital and operational costs. Technavio’s analysts have predicted that the ethernet test equipment market will register a CAGR of more than 11% by 2022.
Rising demand for high-speed ethernet
With the rise in adoption of Ethernet in different applications, the demand for larger bandwidth and test equipment can handle high speed Ethernet networks has increased.
Growing preference for wireless communication
The growing demand for wireless communication protocol has created a new challenge for the global industrial ethernet market.
For the detailed list of factors that will drive and challenge the growth of the ethernet test equipment market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including VIAVI Solutions and Xena Networks the competitive environment is quite intense. Factors such as the rising demand for high-speed ethernet and the emergence of new generation power over ethernet, will provide considerable growth opportunities to ethernet test equipment manufactures. EXFO, Keysight Technologies, Spirent Communications, VIAVI Solutions, and Xena Networks are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Automotive Actuators Market 2019-2023
Technavio recognizes the following companies as the key players in the global automotive actuators market: Bosch, Continental, Delphi Technologies, DENSO, HELLA, and Mitsubishi Electric.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of autonomous vehicles.”
According to the report, one of the major drivers for this market is the increasing electronic content in vehicles.
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