Next Generation In-vehicle Networking (IVN) Market Complete Analysis of Key Players, Growth Rate, Opportunities, Challenges by 2027

 


In-vehicle networking is often referred to as in-vehicle multiplexing. It is a method of transmitting data or signals between the electronic components of a car via a standard serial data bus. Each vehicle needs an In-vehicle networking, an intermodule dedicated communication device. Without an in-vehicle networking system, electronic components can be connected by point-to-point wiring, but this will result in a complicated, costly and bulky system. By implementing In-vehicle networking, it helps minimise the number of wires by integrating multiple signals on a single wire via time division multiplexing. The functions can be easily applied to the in-vehicle networking framework by making improvements to the software and In-vehicle networking makes the communication system lightweight.


The global next-generation in-vehicle networking (IVN) market was estimated at US$ 992.1 million in 2017 and is projected to reach US$ 2.222.4 million by 2027, with a CAGR of 8.4% over the forecast period (2019-2027), 


Electric elements of vehicles, such as electrical power steering, reduce fuel consumption and improve vehicle manoeuvrability. Due to developments in electronic components, automakers are moving from mechanical components to electronic components. For example, according to the Coherent Market Insights report, the global vehicle electrification market amounted to US$ 60.5 billion in 2017 and is projected to have a CAGR of 8.4 per cent during the forecast period. All electronic components in cars should be linked to each other through a common platform. In-vehicle networking standards such as Ethernet link all of these elements to a common platform and improve transparency in the automotive communication or networking framework.


Asia Pacific played a leading role in the next generation in-vehicle networking (IVN) market in 2017 and is anticipated to remain dominant over the forecast years. This is due to the growing demand for vehicles in emerging economies such as China and India. China produces the largest number of vehicles every year. According to the CMI report, China manufactured about 97.3 million vehicles in 2017 and is expected to remain dominant in the forecast years. With rising demand for vehicles in the Asia-Pacific region, demand for in-vehicle networking is also expected to increase during the forecast period.

To know the latest trends and insights prevalent in the global Next Generation In-vehicle Networking (IVN) Market , click here: https://www.globenewswire.com/news-release/2020/04/28/2023336/0/en/Next-Generation-In-vehicle-Networking-IVN-Market-is-poised-to-surpass-US-2-222-4-Million-globally-by-2027-CMI.html


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