The global automotive industry is experiencing a slowdown. In 2019, vehicle sales worldwide experienced a decline of over 4%, largely due to a slump in demand from India and China. Major automotive original equipment manufacturers (OEMs) are instead investing in the development of advanced driver assistance systems (ADAS) and electric vehicle (EV) technologies, both of which will continue to experience growth during the forecast period. Another characteristic of the automotive industry is the growing importance of Ethernet technologies that support vehicles’ underlying communications networks. OEMs are moving away from controller area networks bus technologies in favor of Ethernet technologies as the number of sensors incorporated into the car increases. The shift will further increase when vehicle-to-everything technologies are included.

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