Next Generation In-vehicle Networking (IVN) Market by 2026: Market Competitive Situation & Opportunities with Top Players Agilent Technologies, AISIN AW Co Ltd, Analog Devices, Broadcom, Bosch, Daimler AG, Freescale, Harman, NXP, Renault SA, Renesas

The global next generation in-vehicle networking (IVN) market was valued at US$ 992.1 million in 2017 and is expected to surpass US$ 2,222.4 million by 2027, registering a CAGR of 8.4% over the forecast period (2019-2027), according to Global Next Generation In-vehicle Networking (IVN) Market Report, 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), published by Coherent Market Insights.

Electric components of cars such as electric power steering reduces the fuel consumption and increases maneuverability of vehicle. Due to the advancements in electronic components, automakers are shifting from mechanical components to electronic components. For instance, according to Coherent Market Insights’ analysis, the global vehicle electrification market accounted for US$ 60.5 billion in 2017 and is expected to exhibit a CAGR of 8.4% during the forecast period. All the electronic components in cars should be connected to each other through a common platform. In-vehicle networking standards such as Ethernet connects all these components through a single platform and increases the transparency in communication or networking system of automobile.

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Key Trends and Analysis of the Global Next Generation In-vehicle Networking (IVN) Market:

Asia Pacific held dominant position in the global next generation in-vehicle networking (IVN) market in 2017 and is expected to retain its dominance throughout the forecast period. This is owing to increasing demand for passenger car infotainment systems. For instance, according to Coherent Market Insights’ analysis, the Asia Pacific passenger car market accounted for US$ 5.3 billion in 2017 and expected to exhibit a CAGR of 13.45 during the forecast period.

North America is expected to show significant growth during the forecast period, owing to countries such as the U.S. which has the highest GDP in the world. For instance, according to Internationals Monetary Fund, the GDP of the U.S. accounted for US$ 18.3 trillion in 2017 and is expected to hold the dominant position during the forecast period.

Europe, Middle East, and Africa are also expected to show significant growth during the forecast period, owing to increasing demand for automobile vehicles in these regions

Among vehicle type, the passenger car segment held dominant position in the market in 2017 and is expected to retain its dominance during the forecast period. For instance, according to Coherent Market Insights’ analysis, the global passenger cars market accounted for US$ 36.8 billion in 2017 and is expected to exhibit a CAGR of 10.2% over the forecast period.

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

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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