Vehicle Networking Market 2024 - By Size, Industry Analysis, Segmentation And Outlook 2033

 

The Vehicle Networking by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Vehicle Networking, The vehicle networking market size has grown strongly in recent years. It will grow from $1.08 billion in 2023 to $1.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%.  The  growth in the historic period can be attributed to rising complexity of vehicle systems, rise of intelligent transportation systems (its), increased consumer demand for connectivity, 5g connectivity implementation, emergence of electric and hybrid vehicles.

 

The vehicle networking market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the forecast period can be attributed to 5g connectivity implementation, autonomous vehicle development, cybersecurity concerns, smart city integration, environmental sustainability initiatives.. Major trends in the forecast period include expansion of over-the-air (ota) updates, growing ecosystem of connected services, shift toward electrification and autonomous vehicles, emphasis on standardization and interoperability, integration of edge computing..

 

The increase in demand for autonomous vehicles is expected to propel the growth of the vehicle networking market going forward. Autonomous vehicles, also known as self-driving cars, or vehicles that can navigate and operate without the assistance of a human. Autonomous vehicles are gaining popularity in the vehicle networking market due to their ability to improve driver and passenger safety, efficiency, and convenience. For instance, in September 2022, according to Nissan Motor Co. Ltd., a Japan-based automotive manufacturer, 55% of small businesses believe that they are going to have a fully autonomous fleet in the next two decades. Therefore, the increase in demand for autonomous vehicles drives the vehicle networking market.  

 

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The vehicle networking market covered in this report is segmented –

1) By Connectivity Standard: Controller Area Network [CAN], Local Interconnect Network [LIN], Radio Frequency [RF], FlexRay, Ethernet, Media Oriented Systems Transport [MOST]

2) By Vehicle: Passenger Vehicles [PV], Light Commercial Vehicles [LCV], Heavy Commercial Vehicles [HCV], Automated Guided Vehicles [AGV]

3) By Application: Powertrain Safety, Body Electronics, Chassis, Infotainment, Other Applications

 

Top Major Players

NXP Semiconductors NV

Texas Instruments Incorporated

Robert Bosch GmbH

Microchip Technology Inc.

Xilinx Inc.

 

Technological advancements are a key trend gaining popularity in the vehicle networking market. Major companies operating in the market are frequently focusing on technological advancements to stay competitive by adopting new technologies. For instance, in December 2021, Marvell Technology, Inc., a US-based semiconductor and technology company, launched a multi-gig Ethernet camera bridge solution, 88QB5224, to distribute uncompressed video through in-vehicle networks. The new Ethernet device enables autonomous driving and brings in the next generation of automotive architectures providing standardization for in-vehicle video distribution in multiple areas including an innovative portfolio of data infrastructure semiconductor solutions spanning computing, networking, security, and storage.

 

The vehicle networking market report table of contents includes:

1. Executive Summary

2. Vehicle Networking Market Characteristics

3. Vehicle Networking Market Trends And Strategies

4. Vehicle Networking Market - Macro Economic Scenario

5. Global Vehicle Networking Market Size and Growth

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31. Global Vehicle Networking Market Competitive Benchmarking

32. Global Vehicle Networking Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Vehicle Networking Market

34. Vehicle Networking Market Future Outlook and Potential Analysis

35. Appendix

 

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