Key Players in the In-Vehicle Networking Market are Adopting Development Strategies Such as Contracts, Partnerships, Agreements, Mergers, Acquisitions, Expansions, New Product Launches
The increasing vehicle production, increase in the use of electronics in vehicles, demand for advanced safety, convenience, and comfort systems, and increasing focus on CO2 emission reduction from the vehicles is expected to drive the in-vehicle networking market. Also, the growing demand for hybrid and electric vehicles is expected to create a huge opportunity for the in-vehicle networking market.
Currently, the key players in the in-vehicle networking market are adopting development strategies such as contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and research and development.
In the present scenario, the in-vehicle networking market for passenger car holds a major share of the overall in-vehicle networking market. The infotainment application market for in-vehicle networking is expected to grow at the highest rate during the forecast period. In terms of market leadership, NXP Semiconductor NV (Netherlands) is ahead of all the other players in the in-vehicle networking ecosystem.
NXP Semiconductors N.V. (Netherlands) held the leading position in the global in-vehicle networking market in 2015. The company has a broad product portfolio related to automotive networking. The company focuses on mergers and acquisitions and new product developments to expand its market. For example, the merger of NXP and Freescale Semiconductor, Ltd. (U.S.) in December 2015 made NXP the market leader in automotive semiconductor solutions and in general-purpose MCU products. The company’s other prominent strategies include leveraging its extensive range of product offerings, robust R&D activities, and extensive geographical reach to fuel its revenue growth. The company intends to capitalize on emerging markets such as China and India to tap their revenue potential.
Infineon held the second rank in the global in-vehicle networking market. It aims to strengthen its business through new product developments. The company carries out R&D which focuses on widening its product portfolio for automobiles. In September 2015, the company launched TLE926x-3 SBCs supporting CAN partial network. The devices include fail-safe features to support ECU functional safety concept, such as under voltage monitoring, window watchdog with reset, fail-safe operating mode, and fail-safe outputs. This product launch is expected to further establish its dominance in the in-vehicle networking market in the automotive industry. The company is also focusing on strategic expansions to strengthen its geographical reach. In October 2015, Infineon set its second factory in Wuxi, China, to design, develop, manufacture, and assemble a broad range of electronic components and power discrete products and to tap the opportunities of the Chinese automotive, industrial, power management, and security card applications markets.
Related Reports:
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
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