Surge In Demand For Autonomous Vehicles Propels Growth Of Vehicle Networking Market: The Driving Engine Behind Vehicle Networking Market Evolution in 2025

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Vehicle Networking Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size for vehicle networking has experienced robust growth in recent times. It is projected to increase from $1.16 billion in 2024 to $1.24 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Several factors contribute to the growth experienced in the historical period including the escalating complexity of vehicle systems, the emergence of intelligent transportation systems (its), a surge in consumer demand for connectivity, implementation of 5G connectivity, and the development of electric and hybrid vehicles._x000D_
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How Will the Vehicle Networking Market Size Evolve and Grow by 2029?_x000D_
The market size of vehicle networking is anticipated to witness substantial growth in the upcoming years, reaching $1.72 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this projected growth during the forecast period include the application of 5g connectivity, the evolution of autonomous vehicles, cybersecurity issues, the incorporation of smart cities, and initiatives for environmental sustainability. Notable trends during this forecast period encompass the enlargement of over-the-air (ota) updates, an expanding ecosystem of connected services, a transition towards electrification and autonomous cars, focus on standardization and usability, and the assimilation of edge computing._x000D_
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What Drivers Are Propelling the Growth of Vehicle Networking Market Forward?_x000D_
The rise in the need for self-driving cars is projected to stimulate expansion in the vehicle networking market. Self-driving cars, also known as autonomous vehicles, are capable of controlling and navigating themselves without any human intervention. Their growing appeal in the vehicle networking market is due to their potential to enhance the safety, efficiency, and comfort of both drivers and passengers. For instance, Nissan Motor Co. Ltd, a car manufacturer based in Japan, reported in September 2022 that 55% of small businesses anticipate operating a completely autonomous fleet within the forthcoming two decades. Hence, the burgeoning demand for autonomous vehicles is fueling the vehicle networking market._x000D_
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Which Emerging Trends Are Transforming the Vehicle Networking Market in 2025?_x000D_
The vehicle networking market is seeing a rise in the trend of technological advancements. In order to stay competitive, the major players in the industry are continuously focusing on the adoption of new technologies. For instance, Chevrolet, a leading American automobile company, launched the Equinox EV priced at $30,000 in 2023, aiming to make electric vehicles reach a broader customer base. The model, built on GM's Ultium platform, boasts a potential range of up to 300 miles. It blends cutting-edge technology features with an affordable price, designed to attract price-sensitive consumers looking for sustainable transportation options._x000D_
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What Are the Key Segments in the Vehicle Networking Market?_x000D_
The vehicle networkingmarket covered in this report is segmented - _x000D_
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1) By Connectivity Standard: Controller Area Network [CAN], Local Interconnect Network [LIN], Radio Frequency [RF], FlexRay, Ethernet, Media Oriented Systems Transport [MOST]_x000D_
2) By Vehicle: Passenger Vehicles [PV], Light Commercial Vehicles [LCV], Heavy Commercial Vehicles [HCV], Automated Guided Vehicles [AGV]_x000D_
3) By Application: Powertrain Safety, Body Electronics, Chassis, Infotainment, Other Applications_x000D_
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Subsegments:_x000D_
1) By Controller Area Network (CAN): CAN 2.0, CAN FD (Flexible Data-Rate) _x000D_
2) By Local Interconnect Network (LIN): LIN 1.3, LIN 2.0, LIN 2.1 _x000D_
3) By Radio Frequency (RF): RF-Based Vehicle Communication, RFID Applications In Vehicles _x000D_
4) By FlexRay: FlexRay Communications Protocol, Time-Triggered And Event-Triggered Communication _x000D_
5) By Ethernet: Automotive Ethernet (BroadR-Reach), IEEE 802.1 And 802.3 Standards _x000D_
6) By Media Oriented Systems Transport (MOST): MOST150, MOST25, MOST50 _x000D_
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Who Are the Key Players Shaping the Vehicle Networking Market's Competitive Landscape?_x000D_
Major companies operating in the vehicle networking market include NXP Semiconductors NV, Texas Instruments Incorporated, Robert Bosch GmbH, Microchip Technology Inc., Xilinx Inc., Infineon Technologies AG, Melexis N.V., STMicroelectronics N.V., Spirent Communications plc, Toshiba Corporation, Renesas Electronics Corporation, Broadcom Inc., Continental AG, Sierra Wireless Inc., NVIDIA Corporation, Vector Informatik GmbH, Aptiv plc, Intel Corporation, BlackBerry Limited, Harman International Industries Incorporated, Marvell Technology Group Ltd., Cypress Semiconductor Corporation, Analog Devices Inc., Maxim Integrated Products Inc., ON Semiconductor Corporation, Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., LG Electronics Inc., Huawei Technologies Co. Ltd., ZTE Corporation, Telefonaktiebolaget LM Ericsson, Nokia Corporation _x000D_
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What Geographic Markets Are Powering Growth in the Vehicle Networking Market?_x000D_
North America was the largest region in the vehicle networking market in 2024. The regions covered in the vehicle networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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