Market Dynamics:
The key drivers fueling growth of the next generation IVN market include increasing demand for advanced automotive features and rising adoption of electric vehicles (EVs). Advanced driver assistance systems (ADAS) play a pivotal role in improving road safety and autonomous vehicles will wholly depend on next generation networking solutions to communicate between multiple sensors and electronic control units. Furthermore, the electrification of vehicles has necessitated robust networking platforms compatible with high-voltage components in EVs. However, cybersecurity issues pose a major challenge as next generation networks increase the attack surface for hackers. OEMs are focused on incorporating multiple layers of security to protect vehicle networks. Regionally, Asia Pacific is expected to witness fastest growth in the market owing to rising EV and autonomous vehicle production led by China and Japan.

Key Takeaways

The Global Next Generation In-Vehicle Networking (IVN) Market Size is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for connected vehicles. Advanced driver assistance systems and infotainment applications require high-performance networks.

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