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Vehicle Networking Market Share

Report ID: GMI5374
Published Date: Dec 2024
Report Format: PDF

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Vehicle Networking Market Share

Vehicle Networking Company Market Share, 2024

Microchip Technology Inc, NXP Semiconductors, Toshiba Corp. collectively held a substantial market share of over 45% in the vehicle networking industry in 2024. Microchip Technology Inc., NXP Semiconductors, and Toshiba Corp. dominate the vehicle networking market due to their advanced semiconductor solutions, which are integral to automotive connectivity. These companies offer a wide range of automotive-grade microcontrollers, processors, and communication chips that enable reliable and secure data transfer in vehicles.

Their strong focus on research and development, along with extensive experience in the automotive sector, positions them as leaders in vehicle networking technology. Additionally, they are at the forefront of innovations such as 5G, V2X, and ADAS, which are critical for the next generation of connected and autonomous vehicles. Their global presence and strategic partnerships with automakers further enhance their market dominance.

Vehicle Networking Market Companies

Major players operating in the vehicle networking industry are:

Broadcom
Continental
ElectRay
Elmos Semiconductor
Infineon
Marvell Semiconductor
Melexis NV
Microchip Technology
NXP Semiconductors
Toshiba

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of vehicle networking reached USD 1.8 billion in 2024 and is set to grow at a 10.4% CAGR from 2025 to 2034, driven by advancements in connected car technologies like IoT and 5G integration.

The Controller Area Network segment held over 25% of the market share in 2024 due to its robustness, reliability, and cost-effectiveness, making it ideal for real-time data transmission in critical automotive systems.

The U.S. market accounted for 90% of the revenue share in 2024 and is expected to exceed USD 1.5 billion by 2034, led by a strong automotive industry and high adoption of advanced technologies like autonomous vehicles and 5G.

The key players in the industry include Broadcom, Continental, ElectRay, Elmos Semiconductor, Infineon, Marvell Semiconductor, Melexis NV, Microchip Technology, NXP Semiconductors, and Toshiba.