by Next generation in-vehicle networking (IVN) provides automotive-grade network infrastructure that supports advanced connectivity features in modern vehicles. It facilitates seamless communication between various electronic control units (ECUs) and sensors/actuators to enable functions such as advanced driver-assistance systems, navigation, infotainment, telematics, and over-the-air updates. Significant growth in autonomous and connected vehicles has accelerated the adoption of IVN technologies. Traditional controller area network (CAN) buses are being replaced with fast Ethernet networks as they offer higher data rates and bandwidth for transferring larger multimedia and software files.
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 Dynamics:
Growing demand for advanced connectivity features such as autonomous driving, vehicle telematics, infotainment, and over-the-air updates in vehicles is expected to drive the next generation IVN market over the forecast period. Integration of technologies such as artificial intelligence, 5G connectivity, and vehicle-to-everything communication has increased the volume of data being processed in vehicles. Traditional CAN bus networks lack the bandwidth and speed to handle such high data rates. Automotive OEMs are adopting Ethernet and other fast networks as IVN solutions to support growing computational and connectivity needs in modern vehicles. Government mandates regarding vehicle safety and connected features are also providing a push to incorporate advanced IVN architectures.
Segment Analysis
The next generation in-vehicle networking (IVN) market can be segmented by component, vehicle type, propulsion type, application type, and geography. By component, the market is dominated by integrated circuits segment as it forms the core of next generation IVN systems and finds wide application in infotainment systems, body electronics, powertrain, ADAS and others. By vehicle type, the passenger cars segment dominates as passenger cars are rapidly adopting advanced connectivity features. By propulsion type, the combustion engine vehicles segment leads currently but the electric vehicles segment is expected to gain major share in coming years due to rising popularity of electric mobility. By application type, the infotainment segment dominates currently as advanced connectivity and multimedia features are highly demanded in passenger vehicles.
Pest Analysis
Political: Regulations around vehicle safety, data privacy and cybersecurity will impact this market. Favorable policies around connected mobility and autonomous vehicles will support growth.
Economic: Rising disposable incomes will boost in-vehicle entertainment and connectivity adoption. However, economic slowdowns can impact sales of high-end vehicles incorporating advanced IVN systems.
Social: Younger generation demands in-built connectivity and seeks seamless in-vehicle experience for entertainment, navigation etc. Rising connectivity usage while driving raises safety concerns too.
Technological: Advancements in integrated circuits, EVs, 5G, artificial intelligence, edge computing, cybersecurity will strengthen next generation in-vehicle experience and foster development of autonomous driving technologies. However, high R&D investments pose challenges.
Key Takeaways
The Global Next Generation In-Vehicle Networking Market Size is expected to witness high growth over the forecast period of 2023 to 2030 driven by rising vehicle connectivity, infotainment and autonomous driving. 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.
Regional analysis shows Asia Pacific dominating currently due to high vehicle production in China and India along with presence of leading automakers. Growing electrification and infotainment trends support regional market growth. North America and Europe are other major markets driven by presence of technology leaders and demand for autonomous and connected vehicles.
Key players operating in the next generation in-vehicle networking (IVN) 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. The market is currently dominated by integrated circuit manufacturers due to extensive usage of ICs in advanced IVN systems. Automotive OEMs are also actively collaborating with networking solution providers to deploy next generation platforms.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
