NEXT GENERATION IN-VEHICLE NETWORKING MARKET ANALYSIS | CMI

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NEXT GENERATION IN-VEHICLE NETWORKING MARKET
ANALYSIS

• 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, 2019 - 2027

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Next Generation In-vehicle Networking (IVN)
Market Insights

• The global Next Generation In-vehicle networking
  (IVN) Market is expected to witness a significant
  growth during the forecast period (20192027).
  The market growth is majorly attributed to rising
  demand for infotainment system in vehicles. For
  instance, the global in-car infotainment system
  market accounted for US 18.1 billion in 2018 and
  is expected to exhibit a CAGR of 12.3 during the
  forecast period. Infotainment system consists of
  a large number of features such as GPS, which
  requires a flexible networking system. Due to
  increasing demand for car infotainment systems,
  the next generation in-vehicle networking market
  is expected to show significant growth over the
  forecast period.

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Market Restraint

• The major restraining factor affecting growth of
  the global next generation in-vehicle networking
  (IVN) market is high initial cost of in-vehicle
  networking system. The low-end vehicles mostly
  use the point-to-point wiring system. The
  adoption of next generation in-vehicle networking
  system can be costly for low-end cars

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Figure 1. Global Next Generation In-vehicle
Networking (IVN) Market Share (), by Region,
(2017)
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Market Drivers

• Increasing demand for vehicles in emerging
  economies of Asia Pacific is expected to drive
  growth of the next generation In-vehicle
  networking market over the forecast period
• Asia Pacific held dominant position in the
  global next generation in-vehicle networking
  (IVN) market in 2017 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 97.3 million vehicles in 2017
  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 during the forecast period.

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Figure 2. Global Next Generation In-vehicle
Networking (IVN) Market Share (), By Vehicle
Type, (2017)
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• Surge in demand for passenger cars across the
  globe is expected to aid in growth of the global
  next generation in-vehicle networking (IVN)
  market
• Among vehicle type, passenger cars segment
  accounted for 38.9 of the market share in 2017
  and AGV (Automated Guided Vehicle) segment is
  expected to exhibit the highest growth rate
  during the forecast period.
• 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 10.2 million
  units in volume in 2017 and is expected to
  exhibit a CAGR of 13.2 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.

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• Major players operating in the global 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, and others.

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