Can Bus Device Market Trends and Forecast
The future of the global CAN bus device market looks promising with opportunities in the automotive electronics, home appliance, consumer electronics, new energy, and automation control markets. The global CAN bus device market is expected to grow with a CAGR of 7.1% from 2025 to 2031. The major drivers for this market are the increasing demand for automotive communication system, the rising adoption of industrial automation technologies, and the growing need for efficient vehicle networking solutions.
• Lucintel forecasts that, within the type category, above100 pin is expected to witness the highest growth over the forecast period.
• Within the application category, automotive electronics is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Emerging Trends in the CAN Bus Device Market
The CAN bus device market is witnessing major trends that are transforming the sector and shaping its growth pattern.
• IoT and Smart System Integration: With IoT devices becoming increasingly ubiquitous, CAN bus devices find greater integration with IoT networks. Integration enhances device-to-device communication through real-time data transfer, enabling smart city planning, healthcare infrastructure, and industry automation.
• Automation in Transport: With the advent of autonomous cars, CAN bus devices are becoming a necessity for communication among different vehicle components. In electric and autonomous cars, CAN bus devices assist in data flow management for safety, navigation, and vehicle control systems to ensure smooth operations.
• Growing Adoption in Industrial Automation: CAN bus devices are on the rise in industrial automation as industries shift towards Industry 4.0. The devices support real-time communication, enhancing factory automation, process control, and predictive maintenance, while boosting efficiency and minimizing downtime in the manufacturing sector.
• Emphasis on Data Security and Integrity: With growing interconnectivity of systems, data security and integrity have gained top priority. CAN bus device makers are incorporating improved encryption, error detection, and safety procedures to safeguard communication networks employed within life-critical systems like auto and healthcare.
• Miniaturization and Power Efficiency: Due to the demand for power-efficient and compact devices, CAN bus solutions are shrinking and becoming more power-efficient. This is especially true in the automotive and IoT segments, where devices need to be highly efficient while occupying less space and consuming less power.
These upcoming trends are compelling the development of the CAN bus device market toward new applications and growing demand across industries like transportation, industrial automation, and IoT.
Recent Development in the CAN Bus Device Market
Some major developments are defining the CAN bus device market, including technological developments and growing application in various industries.
• Automotive Industry Developments: The automotive sector remains at the forefront of CAN bus technology developments, especially with the increasing popularity of electric and autonomous vehicles. Automotive manufacturers are designing sophisticated CAN bus devices to manage high-speed data transmission and provide reliable communication among vehicle systems for improved vehicle performance and safety.
• Industry 4.0 and Smart Manufacturing: Industry 4.0 revolutionizes the manufacturing industry, and CAN bus devices play a pivotal role in facilitating real-time data transfer in automated systems. Organizations are progressively implementing such devices to control machines, check processes, and carry out predictive maintenance, enhancing the overall factory efficiency.
• Expansion in Electric Vehicles (EVs): The demand for CAN bus devices is on the rise in the electric vehicle industry, with the devices ensuring data communication among EV components such as the battery management system, motor controllers, and other main systems. The global trend toward sustainability and renewable energy backs the growth.
• Integration in Robotics: CAN bus technology is increasingly used in robotics to support real-time communication among robotic units. These products improve the precision of robots, facilitate quick data transfer, and enhance the efficiency of the system in sectors such as manufacturing, healthcare, and logistics.
• Development of CAN FD (Flexible Data Rate): The arrival of CAN FD technology is transforming the CAN bus device market. It enables greater data rates and higher data payloads, meeting the growing need for greater bandwidth in applications like automotive, industrial automation, and IoT.
These advances are determining the future of the CAN bus device market, making critical systems more capable and facilitating quicker, more dependable communication across industries.
Strategic Growth Opportunities in the CAN Bus Device Market
The CAN bus device market presents tremendous growth opportunities in a wide range of applications, fueled by technological advancements and growing industry requirements.
• Electric Vehicle (EV) Adoption: The growth of electric vehicles presents significant growth prospects for CAN bus devices. EVs need dependable communication networks to control components like battery systems, motor control units, and charging systems, thus creating greater demand for CAN bus solutions in this market.
• Smart Manufacturing and Industry 4.0: The continuous transition towards Industry 4.0 opens the door for CAN bus devices in smart factories. The devices provide automation, real-time monitoring, and predictive maintenance, assisting manufacturers in increasing efficiency, minimizing downtime, and simplifying production processes.
• Healthcare and Medical Devices: CAN bus devices find more applications in healthcare, especially in medical devices and hospital automation. They support dependable data communication among diagnostic appliances, patient care monitoring systems, and medical robots, improving the delivery of healthcare and efficiency.
• Automotive Electronics: With the growth of connected and autonomous vehicles, there is a growing need for CAN bus devices in automotive electronics. These devices facilitate communication between vehicle systems, including safety, navigation, and infotainment, enhancing the overall driving experience.
• Internet of Things (IoT): With the growth in the IoT ecosystem, there are huge opportunities for CAN bus devices in networked connections. The devices facilitate easy communication among IoT devices in industries such as smart homes, agriculture, and logistics, enhancing data exchange and operational efficiency.
These opportunities for growth are fueling the need for CAN bus devices in industries such as automotive, healthcare, manufacturing, and IoT, leading to the growth in the market.
CAN Bus Device Market Driver and Challenges
The CAN bus device market is affected by a mix of technological, economic, and regulatory drivers that define its growth pattern.
The factors responsible for driving the can bus device market include:
1. Automation Growth: The rising need for automation in industries, especially in manufacturing, automotive, and healthcare, is a key driver for the adoption of CAN bus devices. These devices facilitate real-time communication and process control, enhancing operations efficiency.
2. Electric and Autonomous Vehicles: The growth of electric and autonomous vehicles is fueling demand for CAN bus devices. Electric and autonomous vehicles depend on sophisticated communication networks for system integration and effective operation, offering opportunities for CAN bus solutions.
3. IoT Advances: The swift expansion of IoT applications is driving demand for CAN bus devices. The devices are essential to provide reliable, high-speed communication in IoT systems, which are increasingly being applied in smart cities, agriculture, and industrial automation.
4. Enhanced Performance and Flexibility: CAN bus technology has been upgraded with advancements such as CAN FD, which increased data transmission speed and bandwidth. These upgrades make it possible for wider applications, especially in industries that need high-performance communication systems.
5. Regulatory Drive for Interconnectivity: Regulatory needs for increased interconnectivity and safety in automotive, industrial, and healthcare industries are driving the use of CAN bus devices. These devices help ensure that systems are up to the required standards for communication and data transfer.
Challenges in the can bus device market are:
1. Integration Complexity: Integration of CAN bus devices into legacy systems can be complicated and expensive. It is challenging for manufacturers to ensure smooth integration and backward compatibility.
2. Cost Restraints: The creation of sophisticated CAN bus solutions tends to entail significant investments in research and development. Small and medium-sized businesses might struggle to pay for such technology, constraining adoption within certain industries.
3. Cybersecurity Threats: As more devices become connected, there is greater vulnerability to cyberattacks. CAN bus devices employed in safety-critical systems such as automotive and healthcare need to be implemented with strong security mechanisms to counter possible threats.
These challenges and drivers are conditioning the CAN bus device market, driving its growth and adoption of new technology by industries.
List of Can Bus Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies can bus device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the can bus device companies profiled in this report include-
• Texas Instruments
• NXP
• Microchip
• Infineon
• Analog Devices
• ONsemi
• Linear Technology
Can Bus Device Market by Segment
The study includes a forecast for the global CAN bus device market by type, application, and region.
Can Bus Device Market by Type [Value from 2019 to 2031]:
• Below10 Pins
• 10-100 Pins
• Above100 Pins
Can Bus Device Market by Application [Value from 2019 to 2031]:
• Automotive Electronics
• Home Appliances
• Consumer Electronics
• New Energy Industry
• Automation Control Industry
• Others
Can Bus Device Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the CAN Bus Device Market
The market for CAN bus devices is growing steadily with developments fueled by innovation, growth in automation, and expanding applications across industries such as automotive, industrial, and medical. The United States, China, Germany, India, and Japan are the country’s leading this development through new innovations and demands for CAN bus solutions, facilitating real-time communication in sophisticated systems.
• United States: The US is prioritizing CAN bus technology progress in autonomous vehicles, automotive electronics, and industrial automation. The creation of smart cities and greater integration of IoT are central drivers, driving the use of CAN bus devices across many applications, enhancing connectivity, and making communication among components within complicated systems simpler.
• China: China is expanding its CAN bus device market at a fast pace, led by the increasing automotive industry, particularly electric vehicles (EVs). Industry 4.0 and smart manufacturing are also driving demand, with Chinese companies developing better CAN bus solutions to enable efficient, reliable, and high-speed communication in EVs, industrial robots, and consumer electronics.
• Germany: Germany is concentrating on CAN bus devices for sophisticated automotive use, especially in electric and autonomous cars. As a center of the automotive industry, the nation is investing greatly in enhancing communication networks for connected cars, emphasizing real-time data transfer and effective communication among different vehicle components.
• India: CAN bus devices are increasingly being employed in industrial automation, agriculture, and the automotive industry in India. As the nation adopts smart manufacturing, there is mounting pressure to provide reliable communication systems that enhance efficiency and accuracy, especially in the manufacture of automotive electronics and farm equipment.
• Japan: Japan is at the forefront of the CAN bus device market due to its leading automotive and robotics industries. As autonomous vehicles, smart manufacturing, and robotics take center stage, Japan is developing the application of CAN bus devices to facilitate real-time communication and enhance the performance of industrial automation systems and autonomous technologies.
Features of the Global CAN Bus Device Market
Market Size Estimates: Can bus device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Can bus device market size by type, application, and region in terms of value ($B).
Regional Analysis: Can bus device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the can bus device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the can bus device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for can bus device market?
Answer: The global CAN bus device market is expected to grow with a CAGR of 7.1% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the can bus device market?
Answer: The major drivers for this market are the increasing demand for automotive communication system, the rising adoption of industrial automation technologies, and the growing need for efficient vehicle networking solutions.
Q3. What are the major segments for can bus device market?
Answer: The future of the can bus device market looks promising with opportunities in the automotive electronics, home appliance, consumer electronics, new energy, and automation control markets.
Q4. Who are the key can bus device market companies?
Answer: Some of the key can bus device companies are as follows:
• Texas Instruments
• NXP
• Microchip
• Infineon
• Analog Devices
• ONsemi
• Linear Technology
Q5. Which can bus device market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, above100 pin is expected to witness the highest growth over the forecast period.
Q6. In can bus device market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the can bus device market by type (below10 pins, 10-100 pins, and above100 pins), application (automotive electronics, home appliances, consumer electronics, new energy industry, automation control industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Can Bus Device Market, Can Bus Device Market Size, Can Bus Device Market Growth, Can Bus Device Market Analysis, Can Bus Device Market Report, Can Bus Device Market Share, Can Bus Device Market Trends, Can Bus Device Market Forecast, Can Bus Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.