PUNE, India, December 7, 2016 /PRNewswire/ --
The report "In-Vehicle Networking Market by Vehicle Type (Passenger Car, LCV, HCV, and AGV), Connectivity Standards (CAN, LIN, FlexRay, RF, Ethernet, and MOST), Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow from USD 838.6 Million in 2015 to USD 1,366.0 Million by 2022, at a CAGR of 7.32% between 2016 and 2022.
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Browse 76 market data Tables and 69 Figures spread through 159 Pages and in-depth TOC on "In-Vehicle Networking Market"
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The in-vehicle networking market size, in terms of volume, is expected to reach 1.38 billion units by 2022, at a CAGR of 7.14% between 2016 and 2022. The increasing vehicle production and increase in the use of electronics in vehicles are some of the significant growth drivers for the in-vehicle networking market.
Passenger cars to lead the in-vehicle networking market
The In-Vehicle Networking Market for passenger car is expected to hold the largest share between 2016 and 2022. The increasing demand for passenger cars promotes vehicle production which accelerates the global market for automotive semiconductor, especially in countries such as China, the U.S., Germany, South Korea, India, Mexico, and Brazil. The increase in vehicle production is expected to drive the market for cost and energy efficient solutions such as in-vehicle networking.
Infotainment application market for in-vehicle networking to grow at the highest rate during the forecast period
The automotive infotainment applications are becoming increasingly complex as the demand for these systems extend to higher interaction between systems and the vehicle. The common infotainment applications include dashboard, connectivity devices, and audio/video systems, among others.
APAC held the largest share of the in-vehicle networking market in 2015
APAC held the largest share of the in-vehicle networking market in 2015 because the region has emerged as a major automotive hub with a maximum market share in terms of vehicle production as well as sales. The primary reason behind this trend is the growing Chinese automotive market. This market has evolved into the largest producer and consumer of automobiles across the globe. Apart from China, the other major country-level markets in the region include Japan, South Korea, and India.
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Some of the major players in the in-vehicle networking market are NXP Semiconductor NV (Netherlands), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), Robert Bosch GmbH (Germany), Xilinx, Inc. (U.S.), STMicroelectronics NV (Switzerland), ON Semiconductor Corp. (U.S.), Atmel Corporation (U.S.), Microchip Technology Inc. (U.S.), Elmos Semiconductor AG (Germany), and Melexis Semiconductors (Belgium), among others.
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