Automotive Ethernet Is Fastest Growing Segment Fueling The Growth Of Next Generation In-Vehicle Networking (IVN) Market

 


The global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at US$ 1553.42 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Next Generation In-vehicle Networking enables communication between electronic components and systems in modern vehicles for advanced applications. It improves flexibility, scalability, bandwidth and reduces weight and cost compared to traditional technologies.

Market key trends:
One of the key trends in the Next Generation In-vehicle Networking Market is the growing adoption of Automotive Ethernet. Automotive Ethernet simplifies network architecture and allows high-speed communication between advanced driver-assistance systems. It supports bandwidth-intensive applications like connected car services, 4K video streaming and over-the-air updates. Additionally, Automotive Ethernet reduces wiring complexity, weight and installation costs compared to traditional networks. Leading automakers are increasingly adopting Ethernet for advanced safety, infotainment and electronic control applications.

Segment Analysis
The next generation in-vehicle networking (IVN) market is dominated by the Ethernet segment. Ethernet networks allow high-speed communication and scalability to support additional electronic control units (ECUs) and features in future advanced driver assistance systems (ADAS) and autonomous vehicles. Ethernet is rapidly replacing other networks like controller area network (CAN) due to its faster data transmission capability and ability to support bandwidth-intensive applications like autonomous driving, advanced infotainment, and over-the-air software updates.

Key Takeaways
The Global Next Generation In-Vehicle Networking (IVN) Market Size is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing autonomous driving technologies and advanced driver-assistance systems.

Regional analysis The Asia Pacific region is expected to grow the fastest in the next generation in-vehicle networking (IVN) market driven by the increasing sales of luxury and premium vehicles equipped with advanced connectivity and automated driving features in major economies like China and India. Europe and North America currently dominate the market owing to the presence of major automotive component suppliers and advanced electric and autonomous vehicle projects underway in countries like Germany, UK, and US.

Key players operating in the next generation in-vehicle networking (IVN) market 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, Yazaki Corporation. Bosch and other leading automotive suppliers are investing heavily in Ethernet-based networks and technologies required for autonomous vehicles.

Read More: https://www.ukwebwire.com/next-generation-in-vehicle-networking-ivn-market-size-share-and-growth-forecast-2023-2023/

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