Automotive Wi-Fi Modules Market Size, Share, Growth Analysis, By Technology(Wi-Fi Direct, Dual Wi-Fi Bluetooth, and Wi-Fi Bluetooth), By Sales Channel(OEMs, Aftermarket), By Region - Industry Forecast 2024-2031

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).

The 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. '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)'

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.

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.

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.