At what pace is the automotive wi-fi modules market growing, and what is its estimated value?
The automotive wi-fi modules market size has grown rapidly in recent years. It will grow from $3.29 $ billion in 2024 to $3.65 $ billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to the rise in demand for in-car infotainment systems, growth in the use of telematics, rise in investment in automotive cybersecurity measures, growth in the automotive industry, and growth in smartphone integration within vehicles.
The automotive wi-fi modules market size is expected to see rapid growth in the next few years. It will grow to $5.46 $ billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing demand for connected vehicles, rising adoption of advanced driver assistance systems, rising number of electric vehicles, rising investment in smart traffic management solutions, and rising demand for seamless connectivity across devices. Major trends in the forecast period include technological advancements, the adoption of 5G technology, advanced driver assistance systems, in-car entertainment systems, and telematics solutions.
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What are the top drivers to the rising demand in the automotive wi-fi modules market?
The growing uptake of IoT devices is expected to propel the growth of the automotive Wi-Fi modules market going forward. Internet of Things devices are interconnected gadgets that communicate and exchange data through the Internet. The growing uptake of IoT devices is due to several factors, such as advancements in technology, increased connectivity and bandwidth, declining costs of sensors and hardware, and the growing need for automation and data-driven decision-making. IoT devices in automotive Wi-Fi modules enhance vehicle connectivity by enabling real-time data exchange, remote diagnostics, and advanced infotainment features. For instance, in 2023, according to a report published by Ericsson, a Sweden-based telecommunications company, total IoT connections reached 15.7 billion connections in 2023 and are expected to increase by 16% to 38.8 billion connections by 2029. Therefore, the growing uptake of IoT devices is driving the growth of the automotive Wi-Fi modules market.
How is the automotive wi-fi modules market segmented?
The automotive wi-fi modulesmarket covered in this report is segmented –
1) By Type: Wi-Fi 6 Module, Wi-Fi 5 Module, Other Types
2) By Technology: Wi-Fi Direct, Dual Wi-Fi Bluetooth, Wi-Fi Bluetooth
3) By Sales Channel: Original Equipment Manufacturers, Aftermarket
4) By Application: Commercial Vehicle, Passenger Car
Subsegments:
1) By Wi-Fi 6 Module: Wi-Fi 6 (802.11ax) with MU-MIMO (Multi-User, Multiple Input, Multiple Output), Wi-Fi 6 with OFDMA (Orthogonal Frequency-Division Multiple Access), Wi-Fi 6 with Beamforming Technology, Wi-Fi 6 for In-Vehicle Connectivity, Wi-Fi 6 for V2X (Vehicle-to-Everything) Communication, Wi-Fi 6 for Enhanced Streaming and Gaming in Vehicles
2) By Wi-Fi 5 Module: Wi-Fi 5 (802.11ac) with MU-MIMO, Wi-Fi 5 for High-Speed In-Car Connectivity, Wi-Fi 5 for Infotainment Systems, Wi-Fi 5 for Over-the-Air (OTA) Updates in Vehicles, Wi-Fi 5 for Vehicle Telematics
3) By Other Types: Wi-Fi 4 Module (802.11n), Dual-Band Wi-Fi Modules (2.4 GHz and 5 GHz), Embedded Wi-Fi Modules, Wi-Fi + Bluetooth Combo Modules, Wi-Fi Modules for Autonomous Vehicle Communication.
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Who are the top competitors in the automotive wi-fi modules market?
Major companies operating in the automotive Wi-Fi modules market are Verizon Communications Inc., Intel Corporation, Vodafone Group Plc, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Bharti Airtel Limited, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Rogers Communications Inc., Arista Networks Inc., Tata Communications Limited, NMB Technologies Corporation, U-Blox Holding AG, Ruckus Wireless Inc., Espressif Systems Co. Ltd., Rolling Wireless SARL, LM Technologies Ltd., LG Networks Inc., DayStar Electric Technology Inc.
What significant trends should we anticipate in the automotive wi-fi modules market over the forecast period?
Major companies operating in the automotive Wi-Fi modules market are focusing on developing advanced products, such as temperature variant technology, to gain a competitive edge in the market. Temperature variant technology refers to specialized design features and materials that allow the modules to operate reliably across a wide range of temperatures. Automotive environments can expose electronic components to extreme heat and cold, making it essential for Wi-Fi modules to be resilient to these conditions. For instance, in June 2023, u-blox, a Switzerland-based semiconductor company, launched its latest dual-band Wi-Fi 6 and dual-mode Bluetooth 5.3 modules. The u-blox JODY-W5 is an advanced automotive-grade module equipped with dual-band Wi-Fi 6 and dual-mode Bluetooth 5.3 features, including LE Audio, to enhance vehicle connectivity. It is compact and designed to operate in demanding automotive environments at temperatures up to 105 °C. This module provides reliable and secure wireless connectivity and is suitable for a wide range of applications, including telematics, real-time vehicle diagnostics, and improved in-car entertainment.
Which regional trends are influencing the automotive wi-fi modules market, and which area dominates the industry?
Asia-Pacific was the largest region in the automotive Wi-Fi modules market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive Wi-Fi modules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Automotive Wi-Fi Modules Market Report 2025 Offer?
The automotive wi-fi modules market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Automotive Wi-Fi modules are specialized components designed to enable wireless internet connectivity within vehicles, allowing for a range of connected services and features. These modules can be integrated into the vehicle’s infotainment system or function as standalone devices, providing in-car Wi-Fi hotspots and connectivity for various applications. They play a crucial role in enhancing the driving experience by supporting navigation, media streaming, and communication with external networks.
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