July 18, 2024
Next Generation In-vehicle Networking Market

Next Generation In-vehicle Networking Market gaining traction due to increased demand for safety features and connectivity

The next generation in-vehicle networking (IVN) enables seamless transfer of large volumes of data from sensors, ECUs and other electronic components within modern vehicles at high speeds and low latency levels. IVN facilitates advanced driver-assistance systems, infotainment controls and connectivity features through network technologies like Ethernet, MOST and LIN. The growing demand for safety, autonomous driving and connected vehicle technologies is driving automakers to adopt more robust and elastic network solutions.

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 key trends:

Increasing demand for advanced safety features is a key driver for the adoption of next generation IVN technologies. Features like adaptive cruise control, automated emergency braking, lane keeping assist require seamless data transmission between various sensors and ECUs within vehicles. Next generation networks provide higher bandwidth, lower latency and robust architectures suitable for autonomous vehicles. These capabilities are helping automakers integrate more advanced driver assistance and active safety systems. Furthermore, rising consumer demand for connected features is also driving OEMs to employ network technologies that support over-the-air updates and offer seamless connectivity on-the-move.

SWOT Analysis:
Strength: The Next Generation In-vehicle Networking (IVN) offers increased connectivity and advanced safety features which enhances the driver experience. It allows seamless connectivity of infotainment and powertrain control units.

Weakness: High initial costs involved in upgrading existing systems to next generation IVN architectures. Compatibility issues may also arise while integrating different automotive communication protocols.

Opportunity: Growing demand for advanced driver-assistance systems and autonomous driving functions will drive the next generation IVN market. Emerging technologies like 5G communication will further expand the communication capabilities in future vehicles.

Threats: Stringent safety and security standards for connected vehicles. Shift towards electric vehicles may impact parts of conventional network infrastructure.

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.

North America currently dominates the market attributed to early adoption of advanced automotive technologies. The Asia Pacific region is expected to be the fastest growing market led by countries like China and India due to increasing vehicle production.

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 established automotive suppliers are focusing on development of standardized network architectures as well as gateway solutions to integrate different in-vehicle communication protocols. Original equipment manufacturers are also outfitting their high-end vehicle models with next generation IVN capabilities to provide advanced connectivity and autonomous features.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it