Next Generation In-Vehicle Networking Market Driven by EV Adoption and Rising Demand for Real-Time Automotive Communication

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) encompasses advanced automotive communication technologies designed to facilitate seamless interaction among a vehicle's various electronic systems. These networks enable efficient data transmission across components such as infotainment systems, telematics units, powertrain controllers, and advanced driver assistance systems (ADAS). The growing integration of data-intensive functionalities-such as over-the-air (OTA) software updates, cloud-based services, and high-definition media streaming-necessitates high-performance IVN solutions with enhanced bandwidth and minimal latency.

The increasing proliferation of hybrid and electric vehicles (EVs), spurred by rising environmental concerns and supportive government emissions regulations, is further accelerating the demand for sophisticated in-vehicle networking capabilities. As global EV charging infrastructure continues to expand, the requirement for reliable IVN systems that support seamless communication with charging stations and smart grid platforms becomes increasingly vital.

However, the market encounters certain challenges, particularly regarding the complexity of integrating diverse communication protocols and the substantial costs associated with implementing these advanced systems. These factors may impede the broad adoption of next-generation IVN technologies in the near term.

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 expansion of the next-generation in-vehicle networking (IVN) market is primarily driven by the increasing development and deployment of autonomous vehicles, which require sophisticated communication frameworks to enable seamless data exchange among critical components such as sensors, cameras, LiDAR systems, and electronic control units. The growing demand for high-speed, reliable communication infrastructure is a key enabler of this trend. Additionally, the integration of Internet of Things (IoT) technologies into contemporary vehicles is enhancing connectivity, enabling real-time data analytics, and supporting predictive maintenance functionalities-all of which are contributing to the broader adoption of next-generation IVN solutions.

Challenges:
Despite favorable market prospects, several challenges persist. Data security and privacy concerns are paramount, particularly as vehicles become more connected and susceptible to cyber threats. The lack of skilled professionals and standardized communication protocols-especially in developing regions-further constrains market development. Moreover, the high costs associated with implementing advanced networking technologies can limit adoption in lower-end vehicle models, where traditional point-to-point wiring systems remain prevalent. The COVID-19 pandemic has also had a detrimental impact, disrupting global supply chains, reducing consumer demand, and negatively affecting automotive production and sales.

Regional Trends:
The Asia-Pacific region is anticipated to dominate the next-generation IVN market in terms of growth, with a projected leading compound annual growth rate (CAGR) over the forecast period. This growth is driven by the rapid uptake of advanced automotive technologies and the strong presence of leading automotive manufacturers. Europe also commands a significant market share, bolstered by rigorous technological standards, a supportive regulatory environment, and a stable economic and political framework. Ongoing innovation in the automotive industry, coupled with regulatory support, is expected to sustain growth in both regions.

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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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This release was published on openPR.