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Next Generation In-Vehicle Networking (IVN) Market Will Grow At Highest Pace

Next-Generation In-vehicle Networking (IVN) Market

The Next Generation In-vehicle Networking (IVN) market refers to advanced connectivity solutions that enable communication between electronic control units (ECUs) within vehicles. IVN finds applications in telematics, infotainment systems, powertrain, ADAS and various other electronic components in modern vehicles. Rising demand for advanced driver assistance systems (ADAS) and autonomous driving capabilities is a key factor driving the IVN market. Major automakers including Tesla, BMW, Mercedes etc are equipping their vehicle models with technologies like automatic emergency braking, adaptive cruise control and parking assistance, which require high speed data networking between systems.

The Global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at US$ 1789.54 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Next Generation In-vehicle Networking (IVN) are Pfizer Inc., Teva Pharmaceuticals, Mylan N.V., Dr. Reddy's Laboratories, Zydus Cadila, Sun Pharmaceutical Industries, Aspen Pharmacare, Apotex Inc., Sandoz (a division of Novartis), Lupin Limited. Rising consumer demand for connected vehicles and autonomous driving features is a major factor fueling the IVN market growth. Many leading automakers have started equipping their latest vehicle models with advanced technologies like telematics, adaptive cruise control, active safety systems etc. which require high-speed reliable connectivity within vehicles. Technological advancements in Ethernet, software-defined networking and 5G mobile networks have enabled higher network speeds, lower latency and reliable communication required for seamless operation of advanced driver assistance systems.

Market trends
There is rising adoption of Ethernet network instead of traditional controller area network (CAN). Ethernet offers faster speeds of over 100Mbps compared to CAN's 1Mbps. It also allows integration of infotainment, advanced driver assistance systems on single network. Another trend is utilization of sophisticated software-defined networking technology which enables configuration and management of network using software instead of hardware. This provides flexibility to automakers to add new applications and features through software updates.

Market Opportunities
Growing demand for advanced driver assistance systems from commercial vehicle segment is a key opportunity. Technologies like adaptive cruise control, lane keep assist are increasingly being adopted for fleet management and safety. Integration of 5G networks provide opportunities to deliver applications requiring high data speeds like advanced telematics, HD maps and V2X communication. Opportunity exists for IVN solution providers to offer secure and affordable products supporting diverse technologies to capitalize on evolving connectivity needs of automotive industry.

The COVID-19 pandemic has significantly impacted the growth of the Next Generation In-vehicle Networking (IVN) market. As lockdowns were imposed and people stayed indoors, sale of new vehicles declined sharply, which negatively affected the demand for advanced automotive technologies like IVN systems. With declining vehicle production, automotive component manufacturers faced reduced orders from OEMs, putting pressure on their revenues. However, with work from home becoming a new normal, demand for personally-owned vehicles increased for last-mile commute which helped restore some lost market for IVN systems. As markets reopened and vehicle manufacturing resumed operations, IVN market started recovering gradually. Going forward, demand is expected to pick up steadily as economic activities normalize further. Automakers are also accelerating digital transformation of vehicles to provide passengers safe, connected and personalized in-vehicle experiences, which will drive increased adoption of advanced IVN solutions in future.

Geographical Regions with Highest Concentration in Next Generation In-vehicle Networking (IVN) Market Value
In terms of value, the Next Generation In-vehicle Networking (IVN) market is currently concentrated highly in North America and Europe. This is due to presence of major automotive component suppliers and automakers in countries like the United States, Germany, France and the United Kingdom. These regions are early adopters of latest automotive technologies and have higher vehicle scrappage rates which propel faster replacement of legacy systems with advanced networking solutions. Asia Pacific is also gaining prominence with leading automotive hubs in countries like China, Japan and South Korea increasingly incorporating advanced connectivity features in vehicles manufactured for domestic as well as export markets.

Fastest Growing Regional Market for Next Generation In-vehicle Networking (IVN)
The fastest growing regional market for Next Generation In-vehicle Networking (IVN) is expected to be Asia Pacific over the forecast period. With rising disposable incomes, increasing vehicle ownership and continuous investments by automakers in production capacity expansions, automobile sales in Asia Pacific countries like China and India are growing at a brisk pace. This is fueling the demand for sophisticated digital cockpits, advanced driver-assistance systems, autonomous driving technologies and premium entertainment infotainment systems which rely on robust high-speed in-vehicle networks for effective functioning. Consequently, Asia Pacific IVN market is poised to exhibit strong double digit growth through 2031.

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