Vehicle Networking Market Analysis

Connectivity Standards 

The local interconnect network in the vehicle networking market is estimated to gain the largest revenue share of about 35% in the year 2035. The segment growth can be credited to because local interconnect network is intended to be a single wire bus with flexibility, affordability, and tolerance, it may be implemented with less complexity and expense. At least 12 local interconnect network nodes for power windows and other car components are found in the majority of new cars. Moreover, local interconnect network is widely used for communication between ECUs in less important automotive systems such as window control, seat control, and interior illumination. Its cost, low power consumption, and ease of use make it suitable for entry-level and mid-range cars.

Further, the increased customer desire for luxury amenities, comfort, and convenience in their automobiles is expected to drive up demand for local interconnect network-based networks for in-cabin systems driving the market. In 2021, there was a 3% year-over-year growth in the production of motor cars, with around 80 million vehicles produced worldwide.

Vehicle Type 

The passenger vehicle networking market projected to gain the largest revenue share of about 30% in the year 2035. The growth of segment is owing to consumer demand for entertainment systems, networking features, and advanced driver assistance systems (ADAS) in passenger cars increases, vehicle networking is becoming more and more common. Besides this, the integration of smartphones, tablets, and other smart devices for entertainment, communication, and navigation into in-car networks is also contributing to the growth of this market. As consumers' desires for cutting-edge automotive technologies grow and connected cars gain popularity, there will likely be a greater need for in-vehicle networks in passenger automobiles.

Our in-depth analysis of the vehicle networking market includes the following segments: