In-Vehicle Networking Chipset Market Size

In-Vehicle Networking Chipset Market size is set to cross over USD 4 billion by the end of 2036, growing at a CAGR of over 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of in-vehicle networking chipset was about USD 2 billion. The growth of the market is set to be dominated by the growing computerization and digitalization of automotive parts. About 94 percent of newly sold cars worldwide by 2030 will be connected, up from about 49% at the moment. Approximately 44% of these cars are going to have advanced and intermediate connections. Hence, the deployment of in-vehicle networking chipsets is set to rise.

Furthermore, advancements in in-vehicle network technologies are propelling market revenue growth. Due to advancements including Controller Area Network (CAN) FD, Automotive Ethernet, and Ethernet-based communication protocols, in-car networks may now support larger data rates, better scalability, and higher levels of security. The market revenue growth is being prompted by these changes, which are incentivizing automaker and Tier 1 suppliers to invest in state-of-the-art in-vehicle network systems.