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
Next generation in-vehicle networking (IVN) connects all the electronic components of car through a single common platform. In-vehicle networking systems use connectivity standards such as CAN, LIN, FlexRay, RF, Ethernet, and MOST. The in-vehicle networking solutions makes the communication system compact by sending the signals to multiple electronic components through a single wire. Additional functions can be added in the next generation in-vehicle networking systems through small changes in the software of the networking system.
The global next generation in-vehicle networking (IVN) market was valued for US$ 1,332 Mn in 2021.
Market Dynamics
The demand for safety, comfort, and performance in vehicles have increased these days. For instance, the global automotive sensors market accounted for US$ 25.4 billion in 2021 and is expected to exhibit a CAGR of the 16% over the forecast period. The sensors that are used for safety and security purposes in automobiles are electronic. Point-to-point connections to these sensors is very difficult and complex. Hence, the need for in-vehicle networking is increasing with rising demand for vehicle sensors. Moreover, as the number of road accidents across the globe are increasing day by day, people prefer vehicles with safety and security sensors. Owing to these reasons, the global next generation in-vehicle networking market is expected to show a significant growth during the forecast period.
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