Next Generation In-vehicle Networking (IVN) Market Size and Trends

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), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022

Code : CMI3740

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Next Generation In-vehicle Networking (IVN) MarketSize and Trends

The Global Next Generation In-vehicle Networking (IVN) Market was valued for US$ 1,322 Mn in 2021 and is expected to exhibit a CAGR of 8.4% during the forecast period.

Forecasted Asia Pacific is expected to hold a dominant position in the global next-generation in-vehicle networking (IVN) market in 2030

Statistics:

Asia Pacific held a dominant position in the global next-generation in-vehicle networking (IVN) market in 2021 and is projected to retain its dominance throughout the forecast period. This is owing to increasing demand for vehicles in emerging economies such as China and India. China manufactures highest number of vehicles every year. According to CMI analysis, China manufactured about 98 million vehicles in 2021 and is expected to hold dominant position during the forecast period. As there is increasing demand for vehicles in Asia Pacific region, the demand for in-vehicle networking is also expected to increase uring the forecast period.

Figure 1: Global Next Generation In-vehicle Networking (IVN) Market Share (%), By Region, 2021

Asia Pacific Next Generation In-vehicle Networking (IVN) Market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for Vehicles in emerging economies such as India, and China.

The market size of the passenger cars across the globe is expected to exhibit tremendous growth over the forecast period. For instance, according to Coherent Market Insights’ analysis, the global passenger car market accounted for 12 million units in volume in 2021 and is expected to exhibit a CAGR of 15% over the forecast period. Moreover, the demand for infotainment and security systems in vehicle is also increasing. Owing to these reasons, the next generation in-vehicle networking market is expected to exhibit a significant growth during the forecast period.

Figure 2: Global Next Generation In-vehicle Networking (IVN) Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The Global Next Generation In-vehicle Networking (IVN) Market was valued at US$ 1,322 Mn in 2021 and is expected to reach US$ 2,300 Mn by 2030, growing at a CAGR of 8.4% between 2022 and 2030.