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Market Research Report
Automotive Vehicle-to-Everything Market, By Communication Type, By Offerings, By Connectivity Type, By Vehicle Type, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026 |
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| Published by | AnalystView Market Insights | Product code | 930141 | ||||
| Published | Content info | 201 Pages Delivery time: 2-3 business days |
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| Automotive Vehicle-to-Everything Market, By Communication Type, By Offerings, By Connectivity Type, By Vehicle Type, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026 | ||
| Published: March 1, 2020 | Content info: 201 Pages |
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Automotive Vehicle-to-Everything (V2X) Market was valued at USD 6.41 billion by 2019, growing with 24.8% CAGR during the forecast period, 2020-2026
Market Dynamics
Vehicle to everything (V2X) ensures road safety by implementing advanced technology. It works on the concept of an intelligent transport system (ITS) and is being used for managing traffic. This technology allows vehicles to interact with their neighboring vehicle, pedestrian, or even other vehicles which are not in sight.
The tremendous growth in the automobile sector is anticipated to drive the market of V2X in the near future. Automated vehicles running on the road is likely to meet an accident in case they are unable to detect any human-driven vehicle crosses it. The growing need for semi-automated vehicles operated by an advanced driver assistance system along with the rising efforts of manufacturers to come up with autonomous vehicles will drive the market during the forecast period. However, the need for better infrastructure and cost burden on consumers may restrict the market growth in the near future.
Communication Type Takeaway
Based on the communication type, the market is segmented into (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Home (V2H), Vehicle-To-Grid (V2G), and Vehicle-To-Network (V2N)).
Among these, V2I, V2V, and V2P are expected to grab maximum market share during the forecast period. V2I allows wireless connection for exchanging operational data of infrastructure, and vehicles. Its aim is not only to avoid any mishap but also take care of other safety and environmental concerns. V2V connection enables data exchange among vehicles present in the nearby vicinity. It is most appropriate for short-range networks. Emergency brake light warning, do-not-pass warning, forward collision warning are some of the important functions of V2V. V2P detects the presence of a pedestrian present on-road or nearby area. This system warns the driver regarding pedestrian. In V2P, the hand device is used by the pedestrian, which is just like a smartphone. This device allows data exchange between the pedestrian and vehicle.
Offerings Takeaway
Based on offerings, the industry is segregated into hardware and software. Among this, the software segment is anticipated to show its dominance in the near future. This segment has the potential to grow at a significant rate, and this change in dynamics makes it imperative for business persons to stay ahead with this market change.
Connectivity Type Takeaway
As per connectivity, the industry is divided into Dedicated Short Range Communication (DSRC), and Cellular Connectivity. DSRC is expected to lead the market. The main benefit of DSRC is it improves flexibility and accident avoidance. A car with a DSRC facility can detect pedestrians carrying DSRC-enabled smartphone. It can determine the speed and direction of the pedestrian.
Vehicle Type Takeaway
Based on the vehicle, the market is bifurcated into passenger and commercial vehicles. The rising preference of consumers for passenger vehicles will accelerate this segment at a remarkable rate in the near future. V2X technology enables both passengers and commercial vehicles to interact with each other to avoid road hazards and traffic fatalities.
Application Takeaway
On the basis of application, the industry is categorized into Predictive Maintenance, Intelligent Traffic System, Parking Management, Emergency Vehicle Notification, Automated Driver Assistance, Remote Monitoring, and Fleet and Asset Management.
Automated Driver Assistance is expected to flourish in the near future. This is because of its offerings like obstacle detection, lane change assistance, rollover warning, intersection collision warning, and so on. The popularity of these features is expected to witness the growth of V2X in automated driver assistance.
Regional Takeaway
North America is projected to capture the highest V2X market during the forecast period. The credit of this growth in this region goes to better infrastructure, speeding technological advancement, government policies, and an increase in disposable income. The European countries are estimated to have the second-largest market of V2X. The accelerating popularity of V2X with telematics applications is anticipated to drive the market.
Key-Vendor Takeaway
The leading companies of this industry include Continental AG, HARMAN International, NXP Semiconductors, Delphi Automotive LLP, Cisco Systems, Inc., Qualcomm, Inc., Infineon Technologies AG, Robert Bosch GmbH, Mobileye, and TomTom International B.V.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2014 & 2016
Base Year - 2017
Estimated Year - 2020
Projected Year - 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY MANUFACTURERS
Delphi Automotive LLP
Cisco Systems, Inc.
Qualcomm, Inc.
Infineon Technologies AG
Robert Bosch GmbH
Continental AG
HARMAN International
NXP Semiconductors
Mobileye
TomTom International B.V.
MARKET, BY COMMUNICATION TYPE
Vehicle-To-Vehicle (V2V)
Vehicle-To-Infrastructure (V2I)
Vehicle-To-Pedestrian (V2P)
Vehicle-To-Home (V2H)
Vehicle-To-Grid (V2G)
Vehicle-To-Network (V2N)
MARKET, BY OFFERING
Hardware
Software
MARKET, BY CONNECTIVITY TYPE
Dedicated Short Range Communication
Cellular Connectivity
MARKET, BY VEHICLE TYPE
Passenger Cars
Commercial Vehicles
MARKET, BY APPLICATION
Predictive Maintenance
Remote Monitoring
Parking Management
Fleet and Asset Management
Emergency Vehicle Notification
Intelligent Traffic System
Automated Driver Assistance
Others
MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
FIGURE
Vehicle-To-Infrastructure (V2I) market size forecast and trend analysis, 2015 to 2026 (USD Million)
Automotive V2X Market by Communication, Connectivity and Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2020-2027
Automotive Vehicle-to-Everything (V2X)
Global V2X Market Research Report - Forecast till 2026
Global Automotive V2X Antenna Market 2020-2024
Global V2X for Automotive Market Size, Status and Forecast 2020-2026
V2X Market for Vehicle to Everything by Connection Type (Cellular and Non-cellular), Communications Type (V2V, V2I, V2P, etc.), Vehicle Autonomy Level, Safety and Commercial Applications 2020 - 2025
Global Automotive V2X Market: Focus on Communication Type, Connectivity Type, Vehicle Type, Supply Chain Analysis, and Country Analysis
Global V2X Market for Automotive Market By Communication Type, By Connectivity Type, By Offering Type, By Technology Type, By Propulsion Type, By Company and By Geography, Forecast & Opportunities, 2025
V2X (Vehicle to Everything) and CVIS (Cooperative Vehicle Infrastructure System) Industry Report, 2019-2020
Automotive V2X - Global Market Outlook (2018-2027)
