Global Next Generation In-vehicle Networking (IVN) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Advanced Connectivity and Safety

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Global Next Generation In-vehicle Networking
(IVN) Market Is Estimated To Witness High Growth
Owing To Increasing Demand for Advanced
Connectivity Solutions
The global Next Generation In-vehicle
Networking (IVN) market is estimated to be valued
at US 1,322 Mn in 2021 and is expected to
exhibit a CAGR of 8.4 over the forecast period
2022-2030, as highlighted in a new report
published by Coherent Market Insights. A) Market
Overview Next Generation In-vehicle Networking
(IVN) refers to the advanced networking systems
and technologies used in vehicles to enable
communication and connectivity between various
components and systems. These networking
solutions enable efficient data transfer,
improved safety features, and enhanced user
experience in vehicles. The need for such
advanced connectivity solutions is driven by the
increasing integration of various electronic
components and systems in modern vehicles,
including infotainment systems, ADAS (Advanced
Driver Assistance Systems), telematics, and
more. The IVN solutions ensure seamless
interaction and communication between these
components, enhancing the overall performance and
functionality of the vehicle. B) Market Key
Trends One key trend in the Next Generation
In-vehicle Networking (IVN) market is the
increasing adoption of Ethernet-based networking
solutions. Ethernet offers higher bandwidth and
faster data transfer capabilities compared to
traditional automotive networking protocols. This
enables the transmission of large volumes of
data generated by various vehicle systems, such
as cameras, sensors, and advanced driver
assistance systems (ADAS). Ethernet-based IVN
solutions also support new features and
functionalities, such as Over-The-Air (OTA)
software updates and remote diagnostics. For
example, in 2020, BMW introduced its first
Ethernet-based IVN architecture in the BMW iX3
electric SUV.
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C) PEST Analysis - Political Government
regulations and policies related to vehicle
safety, emission standards, and cybersecurity
have a significant impact on the Next Generation
In-vehicle Networking (IVN) market. Compliance
with these regulations and the need for secure
communication networks drive the adoption of
advanced IVN solutions. - Economic The economic
factors driving the market include the increasing
vehicle production, growing disposable income,
and the demand for luxury and connected vehicles
with advanced features. - Social The rising
consumer demand for seamless connectivity,
comfort, and convenience in vehicles is a social
factor driving the market. The increasing
reliance on smartphones and digital technologies
influences consumer expectations for connected
car experiences. - Technological Advancements
in networking technologies, such as Ethernet, CAN
FD (Flexible Data Rate), and automotive-grade
Ethernet switches, are driving the adoption of
next-generation IVN solutions. The integration of
AI (Artificial Intelligence) and IoT (Internet of
Things) technologies also plays a vital role in
enhancing the functionality and capabilities of
IVN systems. D) Key Takeaways - The global
Next Generation In-Vehicle Networking Market is
expected to witness high growth, exhibiting a
CAGR of 8.4 over the forecast period, due to
increasing demand for advanced connectivity
solutions in vehicles. - North America is
expected to be the fastest-growing and dominating
region in the IVN market, driven by the presence
of key automotive manufacturers and the adoption
of advanced technologies in vehicles. - Key
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, and Yazaki
Corporation. These players are focusing on
product innovation and partnerships to gain a
competitive edge in the market. In conclusion,
the global Next Generation In-vehicle Networking
(IVN) market is witnessing significant growth
due to the increasing demand for advanced
connectivity solutions in vehicles. The adoption
of Ethernet-based networking solutions and
advancements in technology are driving the
market. Government regulations and consumer
expectations also play a crucial role in shaping
the market dynamics. The market is expected to
grow rapidly, with North America leading the way,
and key players are focusing on innovation and
partnerships to stay competitive in the market.