Next Generation In-Vehicle Networking Market to Reach 2.89 Billion by 2031 Amid EV and ADAS Advancements

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Next Generation In Vehicle Networking (IVN) Market - (By Vehicle Type (Passenger Car, LCV, HCV, and AGV), By Connectivity Standards (CAN, LIN, FlexRay, RF, Ethernet, and MOST), By Application (Powertrain, Safety, Body Electronics, Chassis, and Infotainment)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Next Generation In Vehicle Networking (IVN) Market is valued at US$ 1.48 Bn in 2023, and it is expected to reach US$ 2.89 Bn by 2031, with a CAGR of 9.01% during the forecast period of 2024-2031.

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Next Generation In-Vehicle Networking (IVN) refers to advanced automotive networking technologies designed to enable seamless communication between a vehicle's diverse electronic components. These systems support data exchange among infotainment units, telematics, powertrain controls, and advanced driver assistance systems (ADAS), among others. The increasing deployment of data-intensive automotive applications-such as over-the-air software updates, cloud-based services, and high-definition media streaming-necessitates more robust and high-speed in-vehicle networks. Next-generation IVN solutions address these needs by offering enhanced bandwidth and reduced latency.

The growing adoption of hybrid and electric vehicles (EVs), driven by heightened environmental awareness and supportive government emission-reduction policies, is further propelling demand for sophisticated in-vehicle networking solutions. As global EV charging infrastructure expands, the need for reliable IVN systems capable of facilitating communication with charging stations and grid management systems becomes increasingly critical. Nevertheless, the market faces challenges related to the integration of multiple communication protocols and the high costs associated with deploying these complex systems, which may hinder widespread adoption.

List of Prominent Players in the Next Generation In-Vehicle Networking Market:
• 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
• Other Prominent Players

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Market Dynamics
Drivers:
The growth of the next-generation in-vehicle networking (IVN) market is primarily driven by the increasing development and adoption of autonomous vehicles. These vehicles rely heavily on advanced networking systems to facilitate seamless communication between multiple components, including sensors, cameras, LiDAR, and control units. The rising demand for high-speed and reliable communication infrastructure is expected to drive market expansion. Furthermore, the integration of Internet of Things (IoT) technologies into modern vehicles enables enhanced connectivity, real-time data analytics, and predictive maintenance capabilities, further accelerating the adoption of next-generation IVN solutions.

Challenges:
Despite the promising outlook, the market faces significant challenges. Key concerns include data security, a shortage of skilled professionals, and the absence of standardized protocols, particularly in emerging economies. As vehicles become increasingly connected, safeguarding sensitive data from cyber threats and ensuring user privacy has become a top priority for manufacturers and system developers. Additionally, the cost of implementing advanced networking technologies remains prohibitive for lower-end vehicle segments, which often rely on conventional point-to-point wiring systems. The COVID-19 pandemic also negatively impacted market growth through disruptions in supply chains, reduced consumer spending, and a decline in automotive production and sales worldwide.

Regional Trends:
The Asia-Pacific region is projected to capture a substantial share of the next-generation IVN market and register the highest compound annual growth rate (CAGR) in the coming years. This growth is attributed to the rapid adoption of advanced automotive technologies and the presence of major automotive manufacturers in the region. Europe also holds a significant market share, supported by the region's stringent technological regulations, robust economic environment, and stable political climate. Continued advancements in the automotive sector and supportive regulatory frameworks are expected to sustain regional market growth.

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Recent Developments:
• In Nov 2023, The forthcoming system on circuits (SoCs) and microcontrollers (MCUs) from Renesas Electronics Corporation are intended to address all significant challenges in the digital automotive sector. Automotive engineers would now have greater latitude to personalize designs on the fifth-generation R-Car SoC, which Renesas had previously disclosed was intended for high-performance applications and featured sophisticated in-package chiplet integration technology.
• In Feb 2024, HARMAN introduced the HARMAN Ready Connect 5G Telematics Control Unit (TCU), utilizing Qualcomm Technologies' Snapdragon® Digital ChassisTM connected car technologies to revolutionize automotive connection. HARMAN Ready Connect 5G TCU, using the Snapdragon® Auto 5G Modem-RF Gen 2, improved vehicle connection by providing rich in-cabin experiences and lowering OEM engineering time to market. Mobile World Congress (MWC) 2024 featured the HARMAN Ready Connect 5G TCU.

Segmentation of Next Generation In-Vehicle Networking Market-
By Vehicle Type-
• Passenger Car
• LCV
• HCV
• AGV
By Connectivity Standards-
• CAN
• LIN
• FlexRay
• RF
• Ethernet
• MOST
By Application-
• Powertrain
• Safety
• Body Electronics
• Chassis
• Infotainment
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/next-generation-in-vehicle-networking-ivn-market-/2332

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.