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Next Generation In Vehicle Networking (IVN) Market Size is valued at USD 1.48 Bn in 2023 and is predicted to reach USD 2.89 Bn by the year 2031 at a 9.01% CAGR during the forecast period for 2024-2031.
Next-generation in-vehicle Networking (IVN) facilitates efficient connection and data transfer among automobiles' numerous electronic systems and components. Efficient and dependable data transmission within a vehicle is made possible by integrating technologies such as Ethernet, CAN, and Flex Ray. Because it improves the vehicles' overall performance, safety, and entertainment features, IVN technology is a major emphasis for tech companies and automobile manufacturers. The market for Next Generation In-Vehicle Networking (IVN) has a lot of room to develop. The rising need for linked cars, ADAS, and in-vehicle infotainment systems propels IVN technology. Furthermore, the incorporation of automated driving capabilities and the increasing focus on electrifying vehicles contribute to the industry's expansion.
However, the market growth is hampered by the integrating networks and high-cost criteria for the safety and health of Next Generation In-Vehicle Networking Market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high next-generation in-vehicle networking market because of the complex networking technologies needed and the extensive testing and validation that is required. Manufacturers of tiny and medium-sized automobiles face this limitation very strongly. Many different network protocols and ECUs must function together in an IVN system. Verifying that all of these parts work together without a hitch can be a tedious and involved process. The spread of the COVID-19 pandemic significantly impacted the generation IVN market. There was a decline in production and sales in the global automotive industry due to lockdowns, disruptions in the supply chain, as well as reduced consumer spending.
Competitive Landscape
Some Major Key Players In The Next Generation In Vehicle Networking (IVN) Market:
- Acome
- Aricent Inc
- Agilent Technologies
- AISIN AW Co Ltd
- Analog Devices
- Broadcom
- Bosch
- Daimler AG
- Freescale
- Harman
- NXP
- Renault SA
- Renesas
- Visteon
- Wurth Elektronik
- Yazaki Corporation
- Other prominent players
Market Segmentation:
The next-generation in-vehicle networking market is segmented based on vehicle type, connectivity standards, and application. Based on vehicle type, the market consists of Passenger Car, LCV, HCV, and AGV. By connectivity standards, the market is segmented into CAN, LIN, Flex Ray, RF, and Ethernet. By application, the market is segmented into Powertrain, Safety, Body Electronics, Chassis, and Infotainment.
Based On The Vehicle Type, The Ethernet Segment Is Accounted As A Major Contributor To The Next Generation In-Vehicle Networking Market.
The ethernet next generation in-vehicle networking market is expected to lead with a major global market share in 2022. Ethernet is a physical-space networking standard for linking computers and other network devices. In common parlance, this is a LAN. On an Ethernet network, devices like computers and others can easily exchange data, files, and information. Ethernet allows for very fast data transfers. Ethernet is becoming popular due to its reliable and fast data transfer capabilities.
Passenger Car Segment To Witness Growth At A Rapid Rate
The passenger car industry makes up the bulk of acrylic acid ester usage because they offer convenient personal transportation. Their customizable departure times and itineraries make it easy to fit everyone's schedules and preferences.
In The Region, The Asia Pacific Next Generation In-Vehicle Networking Market Holds A Significant Revenue Share.
The Asia Pacific next-generation in-vehicle networking market is estimated to record a maximum share of market revenue in the near future. This can be attributed to the growing number of government programs aimed at facilitating the use of AI in various contexts and the increasing rate of technical change in the industrial sector. In addition, Europe is estimated to grow rapidly in the global next-generation in-vehicle networking market because of the enormous potential for network connectivity and the increasing number of initiatives aimed at developing infrastructure.
Recent Developments:
- In Nov 2023, The forthcoming system on circuits (SoCs) and microcontrollers (MCUs) from Renesas Electronics Corporation are intended to address all significant challenges in the digital automotive sector. Automotive engineers would now have greater latitude to personalize designs on the fifth-generation R-Car SoC, which Renesas had previously disclosed was intended for high-performance applications and featured sophisticated in-package chiplet integration technology.
- In Feb 2024, HARMAN introduced the HARMAN Ready Connect 5G Telematics Control Unit (TCU), utilizing Qualcomm Technologies' Snapdragon® Digital Chassis™ connected car technologies to revolutionize automotive connection. HARMAN Ready Connect 5G TCU, using the Snapdragon® Auto 5G Modem-RF Gen 2, improved vehicle connection by providing rich in-cabin experiences and lowering OEM engineering time to market. Mobile World Congress (MWC) 2024 featured the HARMAN Ready Connect 5G TCU.
Next Generation In Vehicle Networking (IVN) Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.48 Bn |
|
Revenue Forecast In 2031 |
USD 2.89 Bn |
|
Growth Rate CAGR |
CAGR of 9.01 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Vehicle Type, Connectivity standards, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
Acome, Aricent Inc, Agilent Technologies, AISIN AW Co Ltd, Analog Devices, Broadcom, Bosch, Daimler AG, Freescale, Harman, NXP, Renault SA, Renesas, Visteon, Wurth Elektronik, Yazaki Corporation and Others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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