Global Automotive Wi-Fi Modules Market Projected to Surpass $5.5 Billion by 2029 with 10.6% Annual Growth

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Which drivers are expected to have the greatest impact on the over the automotive wi-fi modules market's growth?
The growing uptake of IoT devices is expected to propel the growth of the automotive Wi-Fi modules market. IoT devices, which are interconnected gadgets communicating over the Internet, are increasing in popularity due to factors such as advancements in technology and greater connectivity. These devices play a crucial role in enhancing vehicle connectivity, enabling features like real-time data exchange, remote diagnostics, and advanced infotainment. For instance, IoT connections globally reached 15.7 billion in 2023 and are projected to increase by 16% to 38.8 billion by 2029, according to Ericsson. This growing uptake is likely to drive growth in the automotive Wi-Fi modules market.

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What is the future CAGR of the automotive wi-fi modules market, and how will it impact industry expansion?
The automotive Wi-Fi modules market has grown rapidly in recent years. It is projected to increase from $3.29 billion in 2024 to $3.65 billion in 2025 at a CAGR of 10.9%. The past growth was driven by the rising demand for in-car infotainment systems, increased use of telematics, growing investment in automotive cybersecurity, expansion of the automotive industry, and greater smartphone integration within vehicles.

The automotive Wi-Fi modules market is anticipated to grow rapidly over the next few years, reaching $5.46 billion by 2029 with a CAGR of 10.6%. This growth will be fueled by increasing demand for connected vehicles, the rising adoption of advanced driver assistance systems, the growing number of electric vehicles, heightened investments in smart traffic management solutions, and an increasing need for seamless connectivity across devices. Key trends in the market include technological advancements, the adoption of 5G technology, improvements in ADAS, in-car entertainment system developments, and innovations in telematics solutions.

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What are the most significant trends transforming the automotive wi-fi modules market today?
In the automotive Wi-Fi modules market, leading companies are focusing on developing advanced products like temperature variant technology to enhance module reliability in varying conditions. This technology allows Wi-Fi modules to operate effectively in extreme temperatures. For example, in June 2023, u-blox, a semiconductor company from Switzerland, launched its JODY-W5 dual-band Wi-Fi 6 and dual-mode Bluetooth 5.3 modules. Designed to operate in automotive environments with temperatures up to 105°C, the module supports applications like telematics, vehicle diagnostics, and in-car entertainment, ensuring reliable wireless connectivity.

Which key market segments comprise the automotive wi-fi modules market and drive its revenue growth?
The automotive wi-fi modulesmarket covered in this report is segmented -

1) By Type: Wi-Fi 6 Module, Wi-Fi 5 Module, Other Types
2) By Technology: Wi-Fi Direct, Dual Wi-Fi Bluetooth, Wi-Fi Bluetooth
3) By Sales Channel: Original Equipment Manufacturers, Aftermarket
4) By Application: Commercial Vehicle, Passenger Car

Subsegments:
1) By Wi-Fi 6 Module: Wi-Fi 6 (802.11ax) with MU-MIMO (Multi-User, Multiple Input, Multiple Output), Wi-Fi 6 with OFDMA (Orthogonal Frequency-Division Multiple Access), Wi-Fi 6 with Beamforming Technology, Wi-Fi 6 for In-Vehicle Connectivity, Wi-Fi 6 for V2X (Vehicle-to-Everything) Communication, Wi-Fi 6 for Enhanced Streaming and Gaming in Vehicles
2) By Wi-Fi 5 Module: Wi-Fi 5 (802.11ac) with MU-MIMO, Wi-Fi 5 for High-Speed In-Car Connectivity, Wi-Fi 5 for Infotainment Systems, Wi-Fi 5 for Over-the-Air (OTA) Updates in Vehicles, Wi-Fi 5 for Vehicle Telematics
3) By Other Types: Wi-Fi 4 Module (802.11n), Dual-Band Wi-Fi Modules (2.4 GHz and 5 GHz), Embedded Wi-Fi Modules, Wi-Fi + Bluetooth Combo Modules, Wi-Fi Modules for Autonomous Vehicle Communication.

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What regions are at the forefront of automotive wi-fi modules market expansion?
Asia-Pacific was the largest region in the automotive Wi-Fi modules market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive Wi-Fi modules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the automotive wi-fi modules market?
Major companies operating in the automotive Wi-Fi modules market are Verizon Communications Inc., Intel Corporation, Vodafone Group Plc, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Bharti Airtel Limited, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Rogers Communications Inc., Arista Networks Inc., Tata Communications Limited, NMB Technologies Corporation, U-Blox Holding AG, Ruckus Wireless Inc., Espressif Systems Co. Ltd., Rolling Wireless SARL, LM Technologies Ltd., LG Networks Inc., DayStar Electric Technology Inc.

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What Is Covered In The Automotive Wi-Fi Modules Global Market Report?

•Market Size Forecast: Examine the automotive wi-fi modules market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive wi-fi modules market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive wi-fi modules market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive wi-fi modules market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive wi-fi modules market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive wi-fi modules market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive wi-fi modules market.
•Competitive Landscape: Review strategic developments in the automotive wi-fi modules market, including expansions, agreements, and new product launches.

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