About Automotive V2X
Automotive Vehicle-to-everything (V2X)is a wireless technology aimed at enabling data exchanges between a vehicle and its surroundings. V2X technology is based on 5.9 GHz dedicated short-range communications, a Wi-Fi derivative specifically defined for fast-moving objects and enabling the establishment of a reliable radio link, even in non-line-of-sight conditions. V2X communication frameworks improve driver attention to upcoming possible threats and drastically improve collision avoidance, bringing about intensely diminished fatalities and injury seriousness. Furthermore, V2X technology will upgrade traffic efficiency by giving warnings to upcoming congestions, proposing elective routes, and guaranteeing eco-accommodating driving, diminishing CO2 discharges through versatile voyage control and smarter transportation management.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Automotive V2X market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Continental AG (Germany), Qualcomm Inc. (United States), Daimler AG (Germany), Infineon Technologies AG (Germany), Audi AG (Germany), Intel Corporation (United States), NXP Semiconductors N.V.(Netherland), Tomtom N.V.(Netherland), International Business Machines Corporation (United States) and Cisco Systems, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AT&T Inc. (United States), Vodafone Group PLC. (United Kingdom) and Robert Bosch GmbH(Germany).
Segmentation Overview
AMA Research has segmented the market of Global Automotive V2X market by Type (DSRC and Cellular Connectivity), Application (Passenger and Commercial) and Region.
On the basis of geography, the market of Automotive V2X has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e.
will boost the Automotive V2X market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Propulsion, the sub-segment i.e. ICE will boost the Automotive V2X market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication , the sub-segment i.e. Vehicle-To-Vehicle (V2V) will boost the Automotive V2X market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in 5G Technology
Market Growth Drivers:
Growing Demand for Fully Autonomous Driving and Safe Vehicles and Rising Concerns Over Environmental Pollution Caused By Vehicles
Challenges:
Threat of Cyberattacks
Restraints:
Latency/Reliability Challenges
Opportunities:
Increase in Support From Government for V2X Technology
Market Leaders and their expansionary development strategies
In June 2020 Qualcomm United States based Automotive Industry to Complete C-V2X Large-scale Capacity Test and Interoperability Demonstration. company’s collaboration efforts with a broad range of companies in China to showcase the complete ecosystem with cellular vehicle-to-everything (C-V2X) at the core, accelerating industry development and commercialization at scale. Together with over 100 automotive and technology companies in China, Qualcomm Technologies recently participated in China’s 2020 C-V2X Cross-industry & Large-scale Pilot Plugfest, objectively testing and demonstrating the performance and reliability of C-V2X in large-scale communication scenarios and exploring the performance of this technology in conjunction with map and positioning technologies.
In June 2019 Harman focused on connected technologies for automotive has Launches New Dual-Mode V2X System to Improve Automotive Safety, consumer and enterprise markets, today unveiled a new Dual-Mode V2X system, aimed at enhancing automotive safety. The flexible telematics system features both software and hardware and taps into DSRC and cellular (5G) Vehicle-to-Everything (C-V2X) networks, removing the guesswork for numerous safety system setups.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive V2X Developer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.