Vehicle Networking Market Analysis

Vehicle Networking Market Analysis

The heavy commercial vehicles segment is slated to depict more than 8% gains through 2030. Steel, cement, oil & gas, and renewable energy are among the key end-users of heavy commercial vehicles. Based on data from World Steel Association, steel demand will likely grow by 2.2% in 2023. It will drive the deployment of heavy commercial vehicles to strengthen the supply chain across the commercial sector, increasing the need for vehicle networking technology.

The local interconnect network (LIN) segment is predicted to capture above 20% of the vehicle networking market share by 2030. LIN is designed as a single wire bus with flexibility, low cost, and tolerant attributes, reducing implementation costs and complexities. Most new vehicles contain at least 12 LIN nodes for power windows and other vehicle parts.
 

The vehicle networking market from chassis applications accounted for USD 300 million revenue in 2021. This can be attributed to the rapid development of connected-car technologies to meet the demand for premium driving experiences. For example, in February 2022, Qualcomm Technologies, Inc. unveiled Connectivity-as-a-Service, a feature for Snapdragon Car-to-Cloud Services. This initiative was aimed at enhancing the Snapdragon Digital Chassis connected vehicle platforms.
 

The Europe vehicle networking market size is poised to exhibit approximately 10% growth through 2030, led by escalating funding to complement vehicle electrification and decarbonization. The adoption of vehicle network communication solutions will further be influenced by the robust presence of industry players including Melexis AG and Infineon Technologies, among others, in the region.