Press release
Next-Generation In-vehicle Networking (IVN) Industry to Achieve $3.84 Billion Growth by 2029
Next-Generation In-vehicle Networking (IVN) Market
How Will the Next-Generation In-vehicle Networking (IVN) Market Grow by 2025 in Terms of Size and Growth?
The market size of the next-generation in-vehicle networking (ivn) has seen significant growth lately. It is projected to increase from $2.1 billion in 2024 to $2.36 billion in 2025, with a compound annual growth rate (CAGR) of 12.6%. This expansion in the historical period can be credited to the escalating demand for connected cars, a heightened focus on vehicle electrification, an increase in government initiatives, a rising requirement for advanced connectivity features, and an increase in disposable income.
What Are the Estimated Growth Rates for the Next-Generation In-vehicle Networking (IVN) Industry Through 2029?
The upcoming in-vehicle networking (ivn) market is projected to experience exponential growth in the following years. The market valuation is anticipated to reach $3.84 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%. The predicted surge during this period can be attributed to factors such as the escalation in vehicle production, augmented demand for passenger vehicles, the rising necessity for solid networking infrastructure, an increasing need for data processing power in vehicles, and heightened environmental consciousness. The forecast period also sees major trends such as advanced electronic control units, breakthrough network technologies, strategic alliances, software-defined vehicles, and the infusion of artificial intelligence.
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What Are the Strategic Drivers Boosting Next-Generation In-vehicle Networking (IVN) Market Performance?
The rise in popularity of electric vehicles (EVs) is predicted to stimulate the expansion of the next-generation in-vehicle networking (IVN) market. Electric vehicles, which are entirely or partially powered by electricity as opposed to the conventional internal combustion engines that use gasoline or diesel, are gaining traction due to the desire to decrease carbon emissions, cut operating costs, and promote energy autonomy. As concerns about climate change escalate, both governments and consumers are giving higher priority to environmentally-friendly transportation options. Emitting no tailpipe emissions, EVs appear to be a viable solution in lessening air contamination and adhering to global objectives for carbon reduction. The next-generation in-vehicle networking (IVN) holds a pivotal place in electric vehicles (EVs) by facilitating smooth communication among the various electronic systems within the vehicle, supporting the integration of sophisticated features, and guaranteeing maximum performance. For example, a report from the International Energy Agency (IEA), a government organization based in France, stated in April 2023 that the global share of electric vehicles composed 14% of all new car sales in 2022, which was an increase from 9% in 2021. Hence, the escalating demand for electric vehicles is contributing to the growth of the next-generation in-vehicle networking (IVN) market.
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What Are the Segments in the Next-Generation In-vehicle Networking (IVN) Market?
The next-generation in-vehicle networking (ivn) market covered in this report is segmented -
1) By Type: Infotainment, Climate Control, Navigation, Driver Assistance Systems (DAS), Other Types
2) By Connectivity Standards: Controller Area Network (CAN), Local Interconnect Network (LIN), FlexRay, Radio Frequency (RF), Ethernet, Media-Oriented Systems Transport (MOST)
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Automated Guided Vehicle (AGV)
4) By Application: Powertrain, Safety, Body Electronics, Chassis, Infotainment
5) By End User Industry: Aerospace, Agriculture, Automotive, Construction, Manufacturing, Pharmaceuticals
Subsegments:
1) By Infotainment: Audio And Video Entertainment Systems, Bluetooth And Wi-Fi Connectivity, Smartphone Integration, Voice Recognition Systems, Touchscreen Displays, Rear-Seat Entertainment
2) By Climate Control: Automatic Climate Control Systems, Dual-Zone And Multi-Zone Climate Control, Air Quality Monitoring And Ionization Systems, Seat Heating And Ventilation, Remote Climate Control
3) By Navigation: GPS-based Navigation Systems, Real-time Traffic Updates And Route Optimization, Augmented Reality (AR) Navigation, Over-the-Air (OTA) Map Updates, Integration With Smart Assistants
4) By Driver Assistance Systems (DAS): Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) And Lane Keeping Assist (LKA), Blind Spot Detection (BSD), Parking Assistance And Automated Parking Systems, Forward Collision Warning (FCW) And Automatic Emergency Braking (AEB), Night Vision And Driver Monitoring Systems
5) By Other Types: Vehicle-to-Everything (V2X) Communication, Over-the-Air (OTA) Software Updates, Predictive Maintenance Systems, Biometric Access And Security Systems, Telematics And Fleet Management
What Are the Key Adoption Trends in the Next-Generation In-vehicle Networking (IVN) Market?
Top-tier companies in the next-generation in-vehicle networking (IVN) market are working on the creation of unique components like multi-gigabit Ethernet chipsets to increase high-speed car connectability. Multi-gigabit Ethernet chipsets represent state-of-the-art networking solutions for fast, energy-efficient and scalable data movement in automotive and industrial settings. As an example, in May 2024, Aeonsemi, an American integrated circuit (IC) design firm, introduced Nemo, one of the most comprehensive IEEE 802.3ch-compliant multi-gigabit Ethernet chipsets meant for IVN use. Nemo comes equipped with the first-ever automotive switch that incorporates 10GBASE-T1 PHYs, promoting energy-saving, symmetric and asymmetric Ethernet connectivity over extensive distances, decreasing power usage, and enhancing overall performance in future car networks.
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Which Companies Lead the Competitive Landscape of the Next-Generation In-vehicle Networking (IVN) Industry?
Major companies operating in the next-generation in-vehicle networking (IVN) market are Robert Bosch GmbH, Broadcom Inc., Aptiv PLC, TE Connectivity PLC, STMicroelectronics NV, Infineon Technologies AG, Molex LLC, NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation., ON Semiconductor Corporation, HARMAN International Industries Inc., Microchip Technology Inc., TEKTRONIX INC., Marvell Technology Inc., Nexperia BV, HMS Networks AB, ARASAN CHIP SYSTEMS INC, ElectRay Technologies Pvt. Ltd, Dorle Controls LLC, tQCS Inc., Embien Technologies India Pvt Ltd.
Where Are the Key Next-Generation In-vehicle Networking (IVN) Market Opportunities by Region?
North America was the largest region in the next generation in-vehicle networking (IVN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next-generation in-vehicle networking (IVN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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