Next Generation In-Vehicle Networking (IVN) Market

Next Generation In-Vehicle Networking (IVN) Market Insight

Next Generation in-vehicle networking is a method of transferring signals or data among the electronic component of vehicle through common serial data. Next generation In- Vehicle networking helps vehicle users to various activities such as diversifying necessities of passengers and drivers and reporting worries about the fuel consumption and environment. It is connected by numerous in-vehicle LANs opposing in broadcast communication and speed protocol allowing to the characteristics and features essential for each coordinating control and exchanging information to permit more additional value occupations to be executed. Increase in adoption of next generation in vehicle-networking in the vehicle generation due to effective tracking of records across all applications and control of internal vehicle systems.

Impact of COVID-19 on Next Generation In-Vehicle Networking (IVN) Market:

• Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the next generation In-Vehicle networking (IVN) Market.
• Lockdown and travel restrictions across the globe have led to reduction in number of tourist visiting to hill station, which impacts the tourism industry in a negative manner and hampers growth of the market. 
• However, it is estimated that post the pandemic, with reducing travel restrictions and businesses coming back on track, the demand of traveling would subsequently increase and, in turn, boost growth of next generation in-vehicle networking market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

High speed Interface connecting the network, offering state-of-the art performance and low price at a minimum risk are the key factors that boost growth of the market. In addition, providing a well understood network to vehicle drivers and passengers is expected to supplement the market growth. However, lack of awareness among the vehicle users and high initial cost of in-vehicle networking system restricts to growth of the market. Furthermore, integration of internet of things (IoT), automation, and surge in inter-trade between countries is expected to provide lucrative opportunities for the market growth.

Rise in smartphone and internet penetration

In-vehicle networking depends on internet, which means internet connectivity is the basic requirement to next generation In-Vehicle networking and avail the services. Next Generation In-Vehicle Networking makes point to point connections with high-speed internet. Presently, almost all people use smart phones and have access to internet, which, in turn, boosts the market growth.

Prominent players in the market provide unique solutions

Market players are launching new and comprehensive solutions such as next generation In-Vehicle networking solutions, security solutions, and other software based on pipelines to overcome challenges faced by them, which boosts the market growth.

Key benefits of the report:

• This study presents the analytical depiction of the global next generation in-vehicle networking (IVN) industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global next generation in-vehicle networking (IVN) market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global next generation in-vehicle networking (IVN) market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Next Generation In-Vehicle Networking (IVN) Market Report Highlights