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The CANbus keypad market share is expected to increase by USD 1.13 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.13%.
This CANbus keypad market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers CANbus keypad market segmentation by end-user (industrial, automotive, military, and others) and geography (APAC, North America, Europe, South America, and MEA). The CANbus keypad market report also offers information on several market vendors, including Blink Srl, EAO AG, ECUMaster Australia, Grayhill Inc., Hydro Electronic Devices Inc., IDEC Corp., Littelfuse Inc., Makersan Makine Otomotiv San. Inc., Marlin Technologies Inc., and ZF Off Highway Solutions Minnesota Inc. among others.
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The increasing electrification in vehicles is notably driving the CANbus keypad market growth, although factors such as the use of Ethernet to lay the backbone network of vehicles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the CANbus keypad industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key CANbus Keypad Market Driver
The increasing consumer needs and shifting OEM preferences towards safety, performance, stability, and comfort have increased the adoption of advanced electronics in vehicles. It resulted in rapid electrification of the conventional vehicle components. The electrification of vehicles has increased the usage of automotive sensors. Upgradation in automotive electronics and developments in automotive motors have been done with the addition of modern technologies in vehicles. Technological advancement and their increasing adoption by end-users will boost the installation of electronic content in cars and commercial vehicles. This level of penetration on electrification in vehicles would act as one of the major factors in improving the automotive communication protocols market, thus positively impacting the demand for CANbus keypads.
Key CANbus Keypad Market Challenge
Address-based messaging is one of the features of Ethernet, which makes it a strong contender to be used for backbone networks of vehicles. In address-based messaging, every data packet is attached to a source and destination address. This is used by switches in an Ethernet network to send data packets to the appropriate recipient in the network. Networks, such as CAN in the automotive sector, use gateways for the same process. However, one disadvantage of gateways is that the software for gateways is installed in the ECU, and it needs to be updated once the network topology is altered. On the other hand, once switches are installed, they can execute the same process without any upgrade in software in case of an altercation in the network. This is the main reason for many manufacturers to develop a vehicle backbone network with the help of Ethernet. Therefore, the growing adoption of Ethernet may negatively impact the market in focus.
This CANbus keypad market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the CANbus keypad market encompasses successful business strategies deployed by the key vendors. The CANbus keypad market is fragmented and the vendors are deploying growth strategies such as frequent product launches and strategic acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The CANbus keypad market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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59% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for CANbus keypads in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
The strong presence of the regional automotive industry will facilitate the CANbus keypad market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The CANbus keypad market share growth by the industrial segment will be significant during the forecast period. CANbus protocol is used in the oil and gas, petrochemicals, and pharmaceutical industries. The segment growth is majorly driven by the growing application of CANbus protocol in industrial automation and process control. This is due to reliable data transfer through CANbus protocol.
This report provides an accurate prediction of the contribution of all the segments to the growth of the CANbus keypad market size and actionable market insights on post COVID-19 impact on each segment.
CANbus Keypad Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.13% |
Market growth 2022-2026 |
$ 1.13 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.95 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 59% |
Key consumer countries |
China, US, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Blink Srl, EAO AG, ECUMaster Australia, Grayhill Inc., Hydro Electronic Devices Inc., IDEC Corp., Littelfuse Inc., Makersan Makine Otomotiv San. Inc., Marlin Technologies Inc., and ZF Off Highway Solutions Minnesota Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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