LYON, France – The connectivity module market is projected to grow from US$2.9 billion in 2023 to US$6.1 billion in 2028 with a CAGR23-28 of 16%. Nevertheless, according to Yole Intelligence, the landscape is evolving rapidly, with compelling use cases like Teleoperated Autonomous Vehicles and Automated Valet Parking expected to be implemented by the end of the decade. NCAP programs, especially China NCAP and EuroNCAP, are also driving V2X adoption as soon as 2025.
Raphaël Da Silva, Technology and Market Analyst within the Power and Wireless Division at Yole Intelligence, asserts: “Telematics adoption is driven by lucrative business opportunities, offering enhanced user experience and valuable data for OEM s. Mandatory connectivity-based safety features like eCall and ISA are expanding globally. The adoption of 5G connectivity is influenced by higher costs and the absence of a definitive killer application, but it aligns with software-defined architecture for advanced autonomous driving.”
Yole Intelligence, part of Yole Group has combined its long expertise in semiconductors and its deep knowledge of automotive connectivity technologies and markets to deliver this first edition of the RF for connected vehicles report. This study provides valuable market metrics and forecasts for automotive connectivity. It analyzes the drivers and challenges for automotive connectivity adoption and presents the main technological trends and ongoing developments in automotive connectivity with a focus on 5G RedCap and GNSS correction services. This report also discusses the main players across the automotive connectivity supply chain and analyzes how the business models and supply chains are evolving…
