USD 3.18 billion
Global Automotive Wi-Fi Modules Market Size, Share, Growth Analysis, By Technology(Wi-Fi Direct, Dual Wi-Fi Bluetooth), By Sales Channel(OEMs, Aftermarket) - Industry Forecast 2024-2031
Report ID:
SQMIG45H2044 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
62 |
Figures:
75
Global Automotive Wi-Fi Modules Market Insights
Global Automotive Wi-Fi Modules Market size was valued at USD 3.18 billion in 2022 and is poised to grow from USD 3.54 billion in 2023 to USD 8.33 billion by 2031, at a CAGR of 11.3% during the forecast period (2024-2031).
Market growth is anticipated to be accelerated by the increase in data traffic on a global scale and consumer demand, notably from the communications sector. WI-FI Modules must be used for data transit and storage due to the growing adoption of cloud-based technologies, which accelerates the market's growth pace. In order to assist initiatives for digital transformation in a post-pandemic environment, Alibaba Cloud said in April 2020 that it would invest $28.2 billion over the ensuing three years in cloud infrastructure and the construction of data centers. The growth of the Internet of Things (IoT), the demand for more flexible and scalable WiFi management systems, and the need for better security and analytics capabilities are just a few factors that have contributed to the increased use of cloud computing in the WiFi industry.
The communications industry is assisting WiFi's expanding usage of cloud computing in the following ways. Cloud-based tools for WiFi management In the communications industry, cloud-based WiFi management solutions are a standard offering that let businesses control their WiFi networks from a central location. When using wireless networks, security and privacy issues must be considered. With the massive growth of cutting-edge technology like IoT and smart devices. The vulnerability of Wi-Fi equipment to hijacking, cyberattacks, and other threats, including wireless network interface restrictions, slows the market's growth rate. Forbes reports that in 2019, cyberattacks on IOT devices grew by 300%. These factors significantly reduce the market's rate of growth throughout the expected time period.
One type of Wi-Fi equipment, wireless network interface controllers (NICs), is vulnerable to hijacking and other security issues. This prevents nearby attackers from using Wi-Fi signal interception to steal sensitive data or take control of the network. According to the Security Organization, cyberattacks will become a global issue by May 2021, costing USD 10.5 trillion annually by 2025. Additionally, while the pandemic, its restrictions, and efforts to create vaccines diverted focus from other issues, cybercrime grew globally. The Federal Trade Commission estimates that there would be 1,479 cybercrimes reported per day in 2020. (FTC). According to the International Business Machines Corporation (IBM), 524 firms from 17 different countries and 17 different industries are expected to have had security breaches in 2020. The average loss to the business from these data breaches was $3.86 million.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Wi-Fi Direct
Fastest Growth
Dual Wi-Fi Bluetooth
Growth Rate
11.3% CAGR
Global Automotive Wi-Fi Modules Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Automotive Wi-Fi Modules Market By Technology ($ Bn)
Global Automotive Wi-Fi Modules Market By Technology (%)
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Global Automotive Wi-Fi Modules Market Segmental Analysis
The global automotive Wi-Fi modules market is segmented on the Technology, application and region. Based on technology, the market is segmented into Wi-Fi direct, dual Wi-Fi bluetooth, Wi-Fi bluetooth. In terms of sales channel, the market is segmented into OEMs, aftermarket. By region, the market is widespread into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Automotive Wi-Fi Modules Market Analysis by Technology
Wi-Fi Direct is a technology that enables two devices to connect to each other directly, without the need for a wireless access point or hotspot. In the context of automotive Wi-Fi modules, Wi-Fi Direct enables wireless communication between various vehicle systems, such as infotainment and navigation systems, as well as between vehicles and external devices, such as smartphones and tablets. Wi-Fi Direct technology is gaining popularity in the automotive industry due to its fast data transfer speeds and low latency.
Dual Wi-Fi Bluetooth technology enables simultaneous connections to both Wi-Fi and Bluetooth networks, allowing for greater flexibility and range of connectivity options. This technology is well-suited for use in vehicles, where multiple wireless devices may need to be connected simultaneously, such as infotainment systems, smartphones, and wearable devices. Dual Wi-Fi Bluetooth technology also offers improved performance and reliability compared to traditional Bluetooth-only solutions. Wi-Fi Bluetooth is a hybrid technology that combines the strengths of both Wi-Fi and Bluetooth to provide reliable and high-speed wireless connectivity in vehicles. This technology enables seamless integration between various vehicle systems and external devices, such as smartphones and tablets, and supports a wide range of digital services and applications, such as music streaming, hands-free calling, and navigation. The choice of technology for automotive Wi-Fi modules depends on the specific application and requirements of the vehicle manufacturer and consumers.
Global Automotive Wi-Fi Modules Market Analysis by Sales Channel
OEMs are companies that produce vehicles and automotive parts for sale to the public. In the context of automotive Wi-Fi modules, OEMs refer to companies that integrate Wi-Fi modules into their vehicles during the manufacturing process. This is the primary sales channel for automotive Wi-Fi modules, as most vehicles are equipped with Wi-Fi modules at the factory. Automotive Wi-Fi modules supplied to OEMs need to meet specific technical and quality requirements, and are subject to rigorous testing and validation procedures.
Aftermarket sales refer to the sales of automotive Wi-Fi modules to consumers after the vehicle has been purchased and taken out of the factory. These sales may be made by authorized dealerships, third-party retailers, or online marketplaces. Aftermarket sales of automotive Wi-Fi modules are driven by consumer demand for enhanced connectivity and digital features in their vehicles. Aftermarket modules need to be compatible with a wide range of vehicle makes and models, and may require professional installation and configuration. OEM sales are the primary channel for automotive Wi-Fi modules, but aftermarket sales are expected to grow in the coming years due to increasing consumer demand for connected cars.
Global Automotive Wi-Fi Modules Market By Technology , 2023 (%)
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Global Automotive Wi-Fi Modules Market Regional Insights
Asia-Pacific is expected to be the fastest-growing region in the automotive Wi-Fi modules market due to the increasing demand for connected and autonomous vehicles in countries such as China, Japan, and South Korea. Additionally, the growing trend of ride-sharing and car-sharing services in the region is expected to boost the demand for automotive Wi-Fi modules in the forecast period.
Europe is also expected to witness significant growth in the automotive Wi-Fi modules market due to the increasing adoption of advanced vehicle technologies and the presence of major automotive players in the region. The growing trend of electric vehicles and the development of smart cities in Europe is also expected to create opportunities for the market players in the region.
Global Automotive Wi-Fi Modules Market By Region, 2024-2031
- Largest
- Fastest
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Global Automotive Wi-Fi Modules Market Dynamics
Global Automotive Wi-Fi Modules Market Drivers
Increasing Demand for Connected Cars
- The growing demand for connected cars is a major driver for the automotive Wi-Fi modules market. Consumers are increasingly looking for advanced connectivity features such as Wi-Fi hotspots, streaming media, and remote diagnostics in their vehicles, which is driving the demand for automotive Wi-Fi modules.
Advancements in Infotainment Systems
- The increasing demand for advanced infotainment systems in vehicles is also driving the growth of the automotive Wi-Fi modules market. Wi-Fi modules are essential for enabling features such as streaming media, voice commands, and advanced navigation systems.
Global Automotive Wi-Fi Modules Market Restraints
High Cost of Implementation
- The high cost of implementing Wi-Fi modules in vehicles is a major restraint for the market. The cost of developing and integrating Wi-Fi modules into vehicles can be significant, which can limit the adoption of these modules in lower-end vehicles. Some consumers may opt for vehicles without Wi-Fi modules or choose lower-end vehicles without the feature, which can affect the demand for Wi-Fi modules in the automotive industry. advancements in technology and increased competition in the market may help to reduce the cost of implementation in the future.
Security Concerns
- The increasing connectivity of vehicles also presents a security risk, as vehicles become vulnerable to hacking and cyber-attacks. This is a major restraint for the market, as consumers and automakers are increasingly concerned about the security of connected vehicles. Hackers can potentially gain access to a vehicle's Wi-Fi network and exploit security weaknesses in the system. They can steal sensitive information, take control of the vehicle, or even cause physical harm to the occupants.
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Global Automotive Wi-Fi Modules Market Competitive Landscape
The Global Automotive Wi-Fi Modules Market is highly competitive, with several key players operating in the market. These companies are constantly innovating and launching new products to stay ahead of the competition. companies have a strong presence in the market and offer a wide range of automotive Wi-Fi modules for different applications. They are also investing heavily in research and development to improve their products and stay ahead of the competition. The market is also characterized by partnerships, collaborations, and mergers and acquisitions. Companies are partnering with each other to develop new products and technologies, while others are acquiring smaller companies to expand their product portfolio and market reach. The competitive landscape of the automotive Wi-Fi modules market is dynamic and evolving, with companies constantly seeking to innovate and gain a competitive edge.
Top Player’s Company Profiles in Global Automotive Wi-Fi Modules Market
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Denso Corporation (Japan)
- Aptiv PLC (Ireland)
- Harman International Industries, Inc. (US)
- Laird Connectivity, Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- Texas Instruments Incorporated (US)
- STMicroelectronics N.V. (Switzerland)
- Visteon Corporation (US)
- Hella GmbH & Co. KGaA (Germany)
- U-Blox Holding AG (Switzerland)
- Murata Manufacturing Co., Ltd. (Japan)
- Panasonic Corporation (Japan)
- Qualcomm Technologies, Inc. (US)
- Autotalks Ltd. (Israel)
- Gemalto NV (Netherlands)
- Wurth Elektronik Group (Germany)
- ZF Friedrichshafen AG (Germany)
- Infineon Technologies AG (Germany)
Global Automotive Wi-Fi Modules Market Recent Developments
- In February 2024, Silex Technology America, Inc., a prominent provider of cutting-edge wireless networking solutions, partnered with Morse Micro, the leading vendor of Wi-Fi HaLow silicon, to unveil a new industrial-grade Wi-Fi HaLow module tailored for Internet of Things (IoT) applications. The innovative SX-SDMAH module merges the robust attributes of Silex's wireless modules, celebrated for their compact size, wide temperature range, and product durability, with Morse Micro's MM6108 Wi-Fi HaLow SoC. This collaboration aims to optimize wireless range, coverage area, and power efficiency for IoT devices.
- In February 2024, Autotalks, a leading provider of V2X (Vehicle-to-Everything) communication solutions, teamed up with Rohde & Schwarz to test their latest V2X chipset. Autotalks used Rohde & Schwarz's testing equipment to verify the performance of their third-generation V2X chipset called TEKTON3 and SECTON3. They used the R&S CMP180 radio communication tester with 5G-V2X capability for the testing. Both companies will showcase a joint 5G-V2X test setup at the Mobile World Congress 2024 in Barcelona. This collaboration aims to ensure the proper functioning of 5G-V2X technology, which is crucial for advancing vehicle communication and achieving the safety and efficiency benefits of autonomous driving.
- In January 2024, u-blox unveiled the JODY-W6, a concurrent dual-band Wi-Fi 6E module featuring Bluetooth 5.3, inclusive of LE Audio, all within a compact size measuring 13.8 x 19.8 x 2.5 mm. This module is specifically designed for automotive applications, catering to use cases such as infotainment and navigation, advanced telematics, as well as OEM telematics.
Global Automotive Wi-Fi Modules Key Market Trends
- Integration of Wi-Fi Modules with 5G Technology: The integration of Wi-Fi modules with 5G technology is a major trend in the market. 5G technology offers faster and more reliable connectivity, which can enhance the performance of Wi-Fi modules in vehicles. For example, BMW is integrating its vehicles with 5G technology to enable faster and more reliable connectivity.
- Growing Adoption of Over-the-Air Updates: Automakers are increasingly adopting over-the-air (OTA) updates, which allow for remote updates and maintenance of vehicle software. Wi-Fi modules are essential for enabling OTA updates, as they enable wireless communication between the vehicle and the cloud. For example, Tesla uses Wi-Fi modules to enable OTA updates for its vehicles.
Global Automotive Wi-Fi Modules Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive Wi-Fi modules market analyses, The Market is expected to experience significant growth during the forecast period from 2023 to 2030. The market is driven by factors such as the increasing demand for connected cars, rising consumer preferences for in-vehicle infotainment systems, and the growing adoption of advanced driver-assistance systems (ADAS). Additionally, the development of smart cities and the increasing focus on the implementation of autonomous vehicles are expected to further drive the growth of the market. The market also faces certain challenges, such as the high cost of implementation and security concerns related to the increasing connectivity of vehicles. The increasing trend of using smartphones as a source of internet connectivity in cars is also expected to limit the growth of the market. companies are focusing on developing advanced Wi-Fi modules with improved data transfer speed, better security features, and reduced power consumption to maintain their market position. The global automotive Wi-Fi modules market is expected to witness significant growth in the coming years due to the increasing demand for connected cars and in-vehicle entertainment systems, along with the growing adoption of advanced driver-assistance systems. However, challenges such as high implementation costs and security concerns need to be addressed to ensure sustainable growth in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.18 billion |
| Market size value in 2031 | USD 8.33 billion |
| Growth Rate | 11.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Wi-Fi Modules Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Wi-Fi Modules Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Wi-Fi Modules Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Wi-Fi Modules Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Wi-Fi Modules Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Wi-Fi Modules Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Wi-Fi Modules Market Report Snapshots
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