The Next Generation In-vehicle Networking (IVN) Market size is estimated to grow at a CAGR of 22% during the forecast year from 2020 to 2027. Next Generation in-vehicle networking is a procedure of transferring signals or data between the electronic component of vehicle through common serial data. Next generation In- Vehicle networking helps vehicle users to various activities such as diversifying necessities of passengers and drivers and reporting worries about the fuel consumption and environment. High speed Interface connecting the network, offering state-of-the art performance and low price at a minimum risk are the key factors that boost growth of the market. In addition, providing a well understood network to vehicle drivers and passengers is expected to supplement the market growth.
The Next Generation In-vehicle Networking market is segmented by vehicle type, connectivity standards, application and geography. Due to rising demand for car infotainment systems, the next generation in-vehicle networking market is anticipated to show a healthy growth over the forecast period. However, major constraining factor affecting growth of the global next generation in-vehicle networking (IVN) market is overpriced primary 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.
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Major players in the Next Generation In-vehicle Networking (IVN) Market include Robert Bosch GmbH, NXP Semiconductors N.V., STMicroelectronics N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, ON Semiconductor Corporation, Microchip Technology Inc., Infineon Technologies AG, Cypress Semiconductor Corporation, Analog Devices, Inc., Maxim Integrated Products, Inc., Xilinx, Inc., Marvell Technology Group Ltd., Visteon Corporation, Continental AG, and Others.
The Next Generation In-vehicle Networking market research report provides an in-depth overview of the industry including market segmentation by vehicle type, connectivity standards, application and geography.. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. The Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.
The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.
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Major Classifications are as follows:
By Vehicle Type
- Passenger Car
- LCV
- AGV
- HCV
By Connectivity Standard
- CAN
- Ethernet
- FlexRay
- LIN
- RF
- MOST
By Application
- Chassis
- Infotainment
- Body Electronics
- Safety
- Powertrain
By Region
- North America
- Europe
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
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Rising Demand for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles:
The growing demand for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles acts as a significant driver for the Global Next Generation In-vehicle Networking (IVN) Market. As vehicles evolve to incorporate increasingly sophisticated features like adaptive cruise control, lane-keeping assistance, and automated parking, the need for real-time data sharing and communication between vehicle components becomes paramount. According to the International Telecommunication Union (ITU), vehicles with autonomous driving capabilities require low-latency and high-reliability communication networks. Next-generation IVN systems, such as Ethernet, offer the bandwidth and speed required to support the data-intensive operations of ADAS and autonomous vehicles.
Next Generation In-vehicle Networking (IVN) Market Frequently asked Questions (FAQs):
- What are the benefits of vehicle networking?
- What are the network protocols in a car?
