The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in demand for self-driving cars is likely to spur innovation in vehicle networking manufacturing, propelling the market during the forecast period.

The global vehicle networking market is expected to grow from $0.99 billion in 2022 to $1.07 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The global vehicle networking market is expected to reach $1.47 billion in 2027 at a CAGR of 8.1%.

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Global Vehicle Networking Market Segments Include:

• By Connectivity Standard: Controller Area Network [CAN], Local Interconnect Network [LIN], Radio Frequency [RF], FlexRay, Ethernet, Media Oriented Systems Transport [MOST]
• By Vehicle: Passenger Vehicles [PV], Light Commercial Vehicles [LCV], Heavy Commercial Vehicles [HCV], Automated Guided Vehicles [AGV]
• By Application: Powertrain Safety, Body Electronics, Chassis, Infotainment, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global vehicle networking market in 2021.

Major Market Players in the vehicle networking market include NXP Semiconductor NV, Texas Instruments Inc., Robert Bosch GmbH, Microchip Technology Inc., Xilinx Inc., Infineon Technologies AG, Melexis NV, STMicroelectronics NV.

Technological developments are a major trend that is gaining traction in the vehicle networking market. Major market players are often focused on technological developments in order to remain competitive by adopting new technologies. For example, Marvell Technology, Inc., a US-based semiconductor and technology company, announced 88QB5224, a multi-gig Ethernet camera bridge solution, in December 2021, to distribute uncompressed video across in-vehicle networks. The new Ethernet device enables autonomous driving and introduces the next generation of automotive architectures, including an innovative portfolio of data infrastructure semiconductor solutions spanning computing, networking, security, and storage.

The Vehicle Networking Global Market Report 2023  provides a vehicle networking market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vehicle networking market forecast analyzes vehicle networking market size, vehicle networking market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The interchange of data and information between various electronic systems within a vehicle is known as vehicle networking. This allows multiple systems to interact and share information, which improves vehicle functionality, safety, and efficiency.

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