Vehicle Conversion Market Size, Trends | Forecast 2032

The Vehicle Networking Global Market Report 2023, provides comprehensive information on the vehicle networking market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/vehicle-networking-global-market-report

As per The Business Research Company’s Vehicle Networking Global Market Report 2023, the market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vehicle networking market is expected to reach $1.47 billion in 2027 at a CAGR of 8.1%.

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Technological advancements are a key trend gaining popularity in the vehicle networking market. Major companies operating in the market are frequently focusing on technological advancements to stay competitive by adopting new technologies. For instance, in December 2021, Marvell Technology, Inc., a US-based semiconductor and technology company, launched a multi-gig Ethernet camera bridge solution, 88QB5224, to distribute uncompressed video through in-vehicle networks. The new Ethernet device enables autonomous driving and brings in the next generation of automotive architectures providing standardization for in-vehicle video distribution in multiple areas including an innovative portfolio of data infrastructure semiconductor solutions spanning computing, networking, security, and storage.

The vehicle networking market is segmented:

1) By Connectivity Standard: Controller Area Network [CAN], Local Interconnect Network [LIN], Radio Frequency [RF], FlexRay, Ethernet, Media Oriented Systems Transport [MOST]

2) By Vehicle: Passenger Vehicles [PV], Light Commercial Vehicles [LCV], Heavy Commercial Vehicles [HCV], Automated Guided Vehicles [AGV]

3) By Application: Powertrain Safety, Body Electronics, Chassis, Infotainment, Other Applications

North America was the largest region in the vehicle networking market in 2022.

The table of contents in TBRC’s vehicle networking market report includes:

1. Executive Summary
2. Vehicle Networking Market Characteristics
3. Vehicle Networking Market Trends And Strategies
4. Vehicle Networking Market – Macro Economic Scenario
5. Vehicle Networking Market Size And Growth

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26. Africa Vehicle Networking Market
27. Vehicle Networking Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle Networking Market
29. Vehicle Networking Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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