Next Generation In Vehicle Networking (IVN) Market
Global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at USD 1.61 Bn in 2024 and is expected to reach USD 2.91 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
The next generation in-vehicle networking (IVN) market refers to advanced automotive communication networks that help improve connectivity, safety, and functionality of modern vehicles. As automakers are focusing on developing fully autonomous vehicles, there is a growing need for network architectures with higher bandwidth, lower latency, and enhanced reliability to support advanced driver assistance systems, infotainment connectivity, and over-the-air software updates. Technologies like 5G networks, ethernet, controller area network flexible data-rate, and media-oriented systems transport are increasingly adopted by leading automakers to develop scalable, interoperable and open platforms for next-gen vehicle applications and services.
Market Dynamics:
The global next generation in-vehicle networking market is driven by the rising demand for advanced connectivity features in vehicles, focus on autonomous driving technologies, and growing need for seamless integration of electronic control units. However, high development costs associated with network platform migration, complexity of ensuring vehicle cybersecurity, and lack of standardized communication protocols are some challenges restraining the market growth. The market presents opportunities for OEMs in the areas of connected mobility services, 5G V2X solutions, development of software-defined networks, and integrated automotive ecosystems with tier-1 suppliers.
Key features of the study:
- This report provides in-depth analysis of the global next generation in-vehicle networking market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- Key companies covered as a part of this study include Acome, Aricent Inc, Agilent Technologies, AISIN AW Co Ltd, Analog Devices, Broadcom, Bosch, Daimler AG, Freescale, Harman, NXP, Renault SA, Renesas, Visteon, Wurth Elektronik, and Yazaki Corporation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global next generation in-vehicle networking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global next generation in-vehicle networking market.
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Next Generation In-vehicle Networking (IVN) Market' - Global forecast to 2031
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