The global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at US$ 1553.42 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Next generation in-vehicle networking enables the communication between various electronic control units through advanced networking technologies. Technologies such as Media Access Control support seamless connectivity and networking within advanced automotive systems.
Market key trends:
The emergence of driver assistance systems and autonomous driving is a major trend fueling the growth of the next generation in-vehicle networking market. Advanced driver assistance systems require reliable high-speed networking for applications such as adaptive cruise control, lane keep assist, and automated parking. Technologies such as Ethernet, Firewire, and USB are enabling 100Mbps or faster data transmission to support these systems. Furthermore, autonomous vehicles will greatly rely on next generation networking systems to facilitate communication between sensors, ECUs and centralized computing platforms handling autonomous driving compute.
SWOT Analysis
Strength: Next Generation IVN offers several advantages over existing IVN technologies such as Controller Area Network (CAN) including higher speed, larger bandwidth and advanced security features. It is well-positioned to support emerging applications requiring high-speed data transfer like advanced driver assistance systems, infotainment etc.
Weakness: Development of compatible chips and components conforming to next generation IVN standards will require huge investments and time to develop by automotive OEMs and suppliers. Initial cost of deployment is also expected to be high.
Opportunity: Growing demand for connected vehicles, electric vehicles and autonomous driving provides significant growth opportunities for next generation IVN technology. Emerging applications like advanced telematics, over-the-air updates and infotainment are driving the need for higher performance networks.
Threats: Compatibility issues with existing vehicle architectures and protocols pose a challenge. Slower than expected adoption of advanced driver-assistance features and autonomous vehicles by customers could hamper demand growth for next generation IVN technology in the near-term.
Key Takeaways
The Global Next Generation In-Vehicle Networking (IVN) Market Size is expected to witness high growth, exhibiting a CAGR of 8.4% over the forecast period of 2023 to 2030, due to increasing demand for advanced connectivity, infotainment, and automated driving features in modern vehicles. The size of the global IVN market is estimated to reach US$ 1553.42 Mn by 2023.
Regional analysis: Asia Pacific region is expected to dominate the market owing to high vehicle production in major countries like China, India and Japan. Growing demand for connected vehicles and increasing electronic content per vehicle will drive region’s market share. Europe is also projected to exhibit significant growth due to presence of prominent automakers focused on developing electric and autonomous vehicles in countries such as Germany.
Key players operating in the Next Generation In-vehicle Networking (IVN) 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. Major players are focused on developing semiconductors, software and providing integration services supporting next generation in-vehicle communication protocols to capitalize on IVN market opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
