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Vehicle Networking Market Trends

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

Vehicle Networking Market Trends

An ongoing trend in the vehicle networking industry is the increasing integration of 5G technology, enabling faster, more reliable communication between vehicles and surrounding infrastructure. This trend is crucial for supporting advanced driver-assistance systems (ADAS) and autonomous vehicles, which require low latency and high-speed data transfer. Another trend is the rise of over-the-air (OTA) updates, allowing automakers to remotely update vehicle software and improve features without requiring physical visits to service centers.
 

Additionally, there is growing adoption of Vehicle-to-Everything (V2X) communication, enhancing safety and efficiency by enabling vehicles to interact with traffic signals, pedestrians, and other road users. The shift towards electrification is also influencing vehicle networking, as EV rely on integrated communication systems for charging management. Finally, the focus on data privacy and cybersecurity is intensifying, with increased efforts to secure connected vehicles from potential cyber threats.
 

For instance, In January 2024, Jingwei Hirain introduced a new 5G T-Box product featuring the latest Qualcomm 5G chips. Designed for a popular all-electric vehicle model, this product is anticipated to enter mass production by year’s end. Utilizing the Qualcomm SA522, which debuted in early 2023, it supports functions such as Gigabit Ethernet, V2X, high-precision positioning, WiFi6, CAN FD, Dual SIM Dual Standby (DSDS), and RTMP audio transmission. This enables a range of advanced telematics services for both intelligent driving and infotainment, offering enhanced platform scalability.
 

One key challenge in the vehicle networking market is ensuring data security and privacy. As vehicles become more connected, the amount of data exchanged between vehicles, infrastructure, and cloud systems increases significantly, making them vulnerable to cyberattacks. Protecting sensitive user data, such as location, driving habits, and vehicle diagnostics, is critical to maintaining consumer trust. Additionally, implementing robust cybersecurity measures across diverse platforms, systems, and devices remains complex and costly. Addressing these challenges is crucial for the widespread adoption of connected and autonomous vehicles.
 

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.

Vehicle Networking Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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