Next generation in vehicle networking market

Next Generation In-vehicle Networking (IVN) Market, By Vehicle Type (Passenger Car, LCV, HCV, and AGV), By Connectivity Standards (CAN, LIN, FlexRay, RF, Ethernet, and MOST), By Application (Powertrain, Safety, Body Electronics, Chassis, and Infotainment), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI3740
130 Pages
Excel & Pdf
Automotive and Transportation

Summary

In-vehicle networking is also known as the in-vehicle multiplexing. It is a method of transferring data or signals among the electronic components of a car through a common serial data bus. Every vehicle requires an In-vehicle networking, inter-module dedicated communication system. Without in-vehicle networking system, the electronic components can be connected with each other by the point-to-point wiring, however, it will result in a complex, expensive, and bulky system. By applying the In-vehicle networking, it helps to reduce the number of wires by combining multiple signals on a single wire through time division multiplexing. In in-vehicle networking system, the functions can be added easily by making changes in software and In-vehicle networking makes the communication system compact.

The Global Next Generation In-vehicle Networking (IVN) Market was valued for US$ 1,322 Mn in 2021 and is expected to exhibit a CAGR of 8.4% during the forecast period.

Market Restraint:

High total cost for ownership of flash storage is expected to restrain the growth of the global storage in big data market during the forecast period

The major restraining factor affecting the growth of the global next generation in-vehicle networking (IVN) market is high initial cost of in-vehicle networking system. The low-end vehicles mostly use the point-to-point wiring system. The adoption of next generation in-vehicle networking system can be costly for low-end cars.

Next Generation In-vehicle Networking (IVN) Market-Impact of Coronavirus (Covid-19) Pandemic:

Covid-19 has adversely affected the next-generation in-vehicle networking (IVN) market. In-vehicle networking (IVN) is widely used in vehicles as they have the capability to operate a large number of systems in the vehicle at a time. But, due to the lockdown all shops, Tourist places, malls, etc. remain shut down for a long period which resulted in less use of vehicles which hampered the transportation industry. Furthermore, due to less use of vehicles Next generation in-vehicle networking (IVN) market got collapsed and faced slow growth due to a decrease in demand for vehicles during Covid-19.

Competitive Scenario

Major players operating in the global next generation in-vehicle networking (IVN) market include 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.

Next Generation In-vehicle Networking (IVN) Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 1,322 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	8.4 %	2030 Value Projection:	US$ 2,300 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: Israel, GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Vehicle Type: Passenger Car, LCV, HCV, and AGV By Connectivity Standards: CAN, LIN, FlexRay, RF, Ethernet, and MOST By Application: Powertrain, Safety, Body Electronics, Chassis, and Infotainment
Companies covered:	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,
Growth Drivers:	Increasing demand for Passenger Cars around the globe High initial cost of in-vehicle networking system
Restraints & Challenges:	High total cost for ownership of flash storage is expected to restrain in the growth of the global storage in big data market during the forecast period

Recent Developments:

In February 2022, NXP, a semiconductor company creating solutions that enable secure connections for a smarter world launched S32G vehicle integration platform with the aim to help Accelerate software-Defined Vehicle Development.

Forecasted Asia Pacific is expected to hold a dominant position in the global next-generation in-vehicle networking (IVN) market in 2030

Statistics:

Asia Pacific held a dominant position in the global next-generation in-vehicle networking (IVN) market in 2021 and is projected to retain its dominance throughout the forecast period. This is owing to increasing demand for vehicles in emerging economies such as China and India. China manufactures highest number of vehicles every year. According to CMI analysis, China manufactured about 98 million vehicles in 2021 and is expected to hold dominant position during the forecast period. As there is increasing demand for vehicles in Asia Pacific region, the demand for in-vehicle networking is also expected to increase uring the forecast period.

Figure 1: Global Next Generation In-vehicle Networking (IVN) Market Share (%), By Region, 2021

Asia Pacific Next Generation In-vehicle Networking (IVN) Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for Vehicles in emerging economies such as India, and China.

The market size of the passenger cars across the globe is expected to exhibit tremendous growth over the forecast period. For instance, according to Coherent Market Insights’ analysis, the global passenger car market accounted for 12 million units in volume in 2021 and is expected to exhibit a CAGR of 15% over the forecast period. Moreover, the demand for infotainment and security systems in vehicle is also increasing. Owing to these reasons, the next generation in-vehicle networking market is expected to exhibit a significant growth during the forecast period.

Figure 2: Global Next Generation In-vehicle Networking (IVN) Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The Global Next Generation In-vehicle Networking (IVN) Market was valued at US$ 1,322 Mn in 2021 and is expected to reach US$ 2,300 Mn by 2030, growing at a CAGR of 8.4% between 2022 and 2030.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on “Next Generation In-Vehicle Networking Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What are the growth estimates for the Next Generation In-vehicle Networking (IVN) Market till 2030?

The Global Next Generation In-vehicle Networking (IVN) Market is estimated to surpass US$ 2,300 Billion by 2030.

What is the expected compound annual growth rate (CAGR) of the Market during the forecast period (2022-2030)?

The Market is expected to witness a CAGR of 8.4% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the Market?

Rising demand for infotainment system in vehicles is expected to drive growth of the Market during the forecast period.

Which sub-segment among segments held the largest market share in the market?

Passenger Cars sub-segment holds the largest market share among end-use segment contributing 42% market share in terms of value in 2021.

Which region is dominating the Market?

Asia Pacific region hold the largest share in the market in 2021.

Who are the major players operating in the Market?

Key players operating in the market are 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