What Has Been the Growth of the Automotive Wi Fi Modules Market So Far?
The automotive wi fi modules market has seen considerable growth due to a variety of factors.
• The market size for wi-fi modules in the automotive industry has seen a swift expansion in the past few years. The market is forecasted to increase from $3.29 $ billion in 2024 to $3.65 $ billion in 2025, mirroring a compound annual growth rate (CAGR) of 10.9%.
This upward trend during the historic period can be credited to factors such as the growing demand for in-car entertainment systems, increased usage of telematics, rising investments in automotive cybersecurity protections, overall growth in the automotive sector, and the increased integration of smartphones in vehicles.
What Is the Forecasted Market Size and Growth Rate for The Automotive Wi Fi Modules Market?
The automotive wi fi modules market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the automotive wi-fi modules market is forecasted to witness a significant escalation. The market is expected to reach $5.46 billion by 2029, expanding at a compound annual growth rate (CAGR) of 10.6%.
Several factors are contributing to this growth in the predicted term like the surging demand for interconnected vehicles, increased usage of advanced driver assistance systems, a growing number of electric vehicles, increased investments in intelligent traffic management systems, and an escalating need for uninterrupted device connectivity. The anticipated term will also observe key trends including technological enhancement, the incorporation of 5G technology, advanced driver assistance systems, onboard entertainment systems, and telematics solutions.
What Factors Are Driving Growth In The Automotive Wi Fi Modules Market?
The expansion of the automotive Wi-Fi modules market is anticipated to be driven by the increasing adoption of Internet of Things (IoT) gadgets. These are interconnected devices that communicate and exchange data via the Internet. The surge in IoT device usage can be attributed to several factors including technology advancements, increased network connectivity and bandwidth, falling costs of sensors and hardware, along with a growing need for automation and data-led decision making. IoT devices, when linked to automotive Wi-Fi modules, augment vehicle connectivity by facilitating real-time data transfer, remote troubleshooting, and advanced entertainment features. For example, a study published in 2023 by Ericsson, a telecommunications company based in Sweden, established that the total IoT connections tallied 15.7 billion and is projected to rise by 16% to 38.8 billion connections by 2029. Hence, the escalating adoption of IoT devices is propelling the expansion of the automotive Wi-Fi modules market.
What Are The Main Segments Of The Global Automotive Wi Fi Modules Market?
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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What Emerging Trends Are Influencing The Growth Of The Automotive Wi Fi Modules Market?
Prominent businesses in the automotive Wi-Fi modules sector are striving to create innovative products, such as technology capable of withstanding varied temperature conditions, to secure a competitive advantage. Temperature variant technology pertains to the specific design attributes and materials that permit these modules to function effectively under diverse temperature conditions. It is crucial for Wi-Fi modules to withstand severe heat and cold, conditions typically found in automotive settings. For instance, u-blox, a Swiss-based semiconductor firm, introduced its newest dual-band Wi-Fi 6 and dual-mode Bluetooth 5.3 modules called JODY-W5 in June 2023. These cutting-edge automotive-grade modules comprise dual-band Wi-Fi 6 and dual-mode Bluetooth 5.3 features with LE Audio, appealing for improved vehicle connectivity. The compact design of the u-blox JODY-W5 is ideal for demanding automotive environments, capable of withstanding temperatures up to 105 °C. The module ensures secure and dependable wireless connectivity, making it suitable for various applications like telematics, real-time vehicle diagnostics, and enhanced in-car entertainment.
Who Are the Key Players 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 Is The Most Dominant Region In The Automotive Wi Fi Modules Market?
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.
