September 23, 2021
Automotive V2X

Automotive V2X Market Trending Technologies with 43.7% of CAGR by 2027

The global automotive V2X market value is expected to reach US$ 12.93 Billion by the end of 2027, decelerating at a CAGR of 43.7% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global automotive V2X market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global automotive V2X market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the automotive V2X industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Automotive Vehicle-To-Everything (V2X) is a Wi-Fi derivative based on short-range communications and enables the establishment of radio link between vehicles, even in non-line-of-sight conditions.By sharing datasuch as speed and position to the surrounding infrastructures and vehicles, V2X technology improves driver awareness from upcoming potential dangeras well as dramatically improvesthe collision avoidance, thereby significantly reduces the severity of injury and fatality.

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Growth Factors

Increasing sales of passenger as well as commercial vehicles across the globe contribute significantly to drive the market. Increasing traffic congestion, greenhouse gas emission rising number of accidents have forced governments of various regions to impose stringent safety and emission norms. V2X technology helps driver to improve safety of the vehicle as well as it reduces the greenhouse gas emission from the vehicle, thereby accelerating the demand of the technology in the coming years. Furthermore, the concept of driverless cars and autonomous vehicles are still under their research phase and expected to take years to be commercialized. In addition, V2X technology helps to achieve driverless mobility, thus again propels the growth of the technology over the analysis period. Besides the benefits of V2X technology, they are largely subject to cyber threats such as hacking and manipulation; this hampers the market growth in the near future.

Regional Snapshots

In 2019, North America encountered maximum revenue share in the global automotive V2X market. Presence of technologically advanced countries such as Canada and U.S. along with ease of technology adoption in the region is some of the prime factors that drive the market growth. Furthermore, the region experience high threat from greenhouse emission and traffic congestion that trigger the adoption of various communication technologies within the vehicle to assist driver in different ways while driving. Subsequently, the communication technology enhances the safety of a vehicle, reduces the greenhouse gas, and also reduces the traffic congestion. The aforementioned factors significantly propel the growth of the market in the region.

Report Highlights

  • In 2019, North America led the global automotive V2X market with significant revenue share in the year 2019. Ease of technology adoption along with the region being one of the largest markets for automobile are some of the prime factors that drives the growth of the region. In addition, greenhouse emission and traffic congestion are some of the crucial problems that can be overcome significantly with the implementation of V2X systems.
  • Europe is the other major region that contributes prominently towards the revenue share. Stringent emissions as well as safety norms in the region are the major factors that drive the regional market. In addition, the region registered prominent growth in battery-powered vehicles that again influence the V2X communication market growth positively over the coming years.
  • Based on vehicle type, passenger vehicles accounted for the largest market value share of nearly 75% in the year 2019 and analyzed to continue its dominance during the forecast period. However, increasing demand for commercial vehicles due to boom in the commercial sector flourishes the growth of commercial vehicles in the near future.
  • By communication type, Vehicle-To-Vehicle (V2V) projected to dominate the global automotive V2X market during the forecast period. Increasing safety regulations have spur the adoption of various types of communication technologies in a vehicle such as Adaptive Cruise Control (ACC), driver assistance system, lane change assistance, blind spot detection, and many more. This expected to significantly drive the demand for V2V communication.
  • Based on connectivity type, Dedicated Short Range Connectivity (DSRC) seeks to capture maximum revenue share in the present as well as during the forecast period. Ease of implementation along with cost benefits of DSRC over the cellular connectivity expected to drive the growth of the segment.

Related Reports

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global automotive V2X market are as follows:

  • Continental AG
  • Delphi Automotive LLP
  • NXP Semiconductors
  • TomTom International B.V.
  • Qualcomm, Inc.
  • Robert Bosch GmbH
  • HARMAN International
  • Cisco Systems, Inc.
  • Mobileye
  • Infineon Technologies AG

Market Segmentation

By Communication Type

  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Grid (V2G)
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Home (V2H)
  • Vehicle-To-Pedestrian (V2P)
  • Vehicle-To-Network (V2N)

By Vehicle Type

  • Commercial Vehicles (CV)
  • Passenger Cars

By Connectivity Type

  • Cellular Connectivity
  • DSRC

 Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global automotive V2X market. It examines trends and factors influencing demand for automotive V2X globally and gauges the impact of the same on production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for automotive V2X across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on automotive V2X. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global automotive V2X market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive V2X are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Connectivity Type Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive V2X Market, By Communication

7.1. Automotive V2X Market, by Communication Type, 2020-2027
7.1.1. Vehicle-To-Infrastructure (V2I)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Vehicle-To-Grid (V2G)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Vehicle-To-Vehicle (V2V)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Vehicle-To-Home (V2H)
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Vehicle-To-Pedestrian (V2P)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Vehicle-To-Network (V2N)
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive V2X Market, By Vehicle

8.1. Automotive V2X Market, by Vehicle, 2020-2027
8.1.1. Commercial Vehicles (CV)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Passenger Cars
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive V2X Market, By Connectivity Type

9.1. Automotive V2X Market, by Connectivity Type, 2020-2027
9.1.1. Cellular Connectivity
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. DSRC
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive V2X Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)

Chapter 11. Company Profiles

11.1. Continental AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Delphi Automotive LLP
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NXP Semiconductors
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TomTom International B.V.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Qualcomm, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Robert Bosch GmbH
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. HARMAN International
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cisco Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mobileye
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Infineon Technologies AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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