Automotive V2X Market

Automotive V2X Market by Connectivity (DSRC, and C-V2X), Communication (V2V, V2I, V2P, V2G, V2C), Vehicle Type (Passenger Cars & Commercial Vehicles), Propulsion, Offering (Hardware and Software), Unit, Technology and Region - Global Forecast to 2030

Report Code: AT 5947 Jan, 2024, by marketsandmarkets.com

[332 Pages Report] The global automotive V2X market size was valued at USD 0.5 billion in 2023 and is expected to reach USD 9.5 billion by 2030, at a CAGR of 51.9%, during the forecast period 2023-2030. Government support toward C-V2X technology and improving road infrastructure is expected to support the automotive V2X market. Furthermore, the increasing adoption of V2X-equipped models such as Volkswagen ID 4, Volkswagen Golf, and Mercedes-Benz E-Class significantly impact the growth of the market. Moreover, Government regulations mandating the integration of safety features in vehicles serve as a potent growth driver for the market, compelling manufacturers to adopt these advanced communication systems to enhance road safety and facilitate intelligent transportation networks. Companies operating in the market are focusing on new product development. For instance, in February 2023, Qualcomm Technologies Inc. introduced a new Snapdragon Auto 5G Modem-RF Gen 2 for connected cars.

Market Dynamics:

Driver: Increasing demand for advanced technologies to address vehicle safety concerns

In recent years, the escalating statistics of road accidents and related fatalities have intensified the global emphasis on adopting advanced technologies to address and mitigate safety concerns on the road. In response to this urgent necessity, V2X technology has emerged as a transformative solution with the potential to enhance road safety significantly. V2X facilitates real-time communication between vehicles and among vehicles, surrounding infrastructure, pedestrians, and other road users. This interconnected network enables vehicles to exchange crucial information regarding their positions, speeds, and potential hazards, allowing for proactive hazard detection and collision avoidance. Autonomous vehicles utilize V2V communication to share information about speed, direction, and intentions, thereby enhancing safety in various maneuvers. Continuous communication empowers autonomous vehicles to avoid collisions and optimize routes proactively. V2I interaction provides traffic updates and road conditions, contributing to efficient routing and congestion reduction.

Additionally, V2P communication enables pedestrians to convey their locations and intentions, assisting self-driving cars in prioritizing safety. The proactive nature of V2X technology equips vehicles with the capability to respond swiftly to emerging threats, significantly reducing the risk of accidents and improving overall road safety. Amidst growing consumer awareness and regulatory pressures, there is an increasing prioritization of safety features in the automotive sector. Consumers are actively seeking vehicles equipped with advanced safety technologies, and regulatory bodies advocate for the integration of such systems to meet stringent safety standards. Consequently, the demand for V2X technology is experiencing a notable upswing, positioning it as a fundamental and non-negotiable component in the evolution of modern and secure transportation systems.

Restraint: Lack of infrastructure for proper functioning

High-speed connectivity is pivotal in the Vehicle-to-Everything (V2X) ecosystem, where the transmission of critical information, including lane changes, object detection, vehicle spacing, traffic conditions, and services such as navigation and connectivity, is integral for vehicles navigating highways. However, the limitation of network connectivity on highways impedes the connection of vehicles to the cloud. In emerging economies like Mexico, Brazil, and India, the progression of connectivity infrastructure on highways lags behind that of developed economies. The deployment of 3G and 4G-LTE communication networks, essential for connectivity, is predominantly concentrated in urban and semi-urban areas. Despite the presence of several third-party logistics companies operating in semi-urban and rural regions, challenges related to low connectivity persist.

Consequently, the absence of robust information technology and communications infrastructure and delays in government regulatory frameworks may impede the growth of the automotive V2X market in these nations. Industry stakeholders may also become subject to country-specific telecommunications regulations, encompassing lawful intercept and in-country entity requirements. The interoperability of diverse platforms and the consideration of cross-border use cases necessitate thorough discussion and regulation. Moreover, reliance on data networks introduces concerns related to net neutrality, where certain data transmissions may receive priority from internet service providers. As of 2020, the International Telecommunication Union (ITU) reported a global disparity between the 85% coverage of 4G in urban areas and the inadequate 29% coverage in rural areas. The absence of universal coverage on roads and highways implies that the advantages of 5G for motor vehicles would only be fully realized in urban settings.

Further, the absence of 5G coverage in rural areas could significantly impede mobility business models reliant on effective connectivity. While the geographical distribution remains undetermined, the diverse array of use cases anticipated for future 5G networks must be considered when addressing coverage deficiencies. The proposed high frequencies for 5G necessitate a substantial number of relay antennas connected to the network via fiber optics, thereby escalating the costs associated with achieving rural coverage. The deficiency in a robust and widespread Vehicle-to-Infrastructure (V2I) network poses a barrier to seamless communication between vehicles and infrastructure, consequently limiting the complete potential of V2X technology. Without comprehensive V2I support, the realization of advanced safety features, traffic optimization, and other intelligent mobility solutions is curtailed, hindering the overall advancement of the automotive V2X market.

Opportunity: Increasing adoption of V2V/V2I technology in connected vehicles

As the prevalence of connected vehicles increases on roadways, the integration of Vehicle-to-Infrastructure (V2I) and Vehicle-to-Everything (V2X) technologies has assumed critical significance in enhancing overall traffic management and safety. V2I, or V2I technology, enables vehicles to communicate with essential infrastructure components, such as traffic signals, road signs, and other roadside units. This communication facilitates real-time information exchange, allowing vehicles to receive timely traffic updates, optimize routes, and anticipate potential hazards. Incorporating V2X technology, which extends communication beyond infrastructure to include other vehicles and pedestrians, further augments the capabilities of connected vehicles. This interconnectivity introduces possibilities for advanced safety features, including collision avoidance systems and cooperative adaptive cruise control, significantly diminishing the likelihood of accidents. The advantages extend beyond safety and traffic management; V2I and V2X technologies play a pivotal role in supporting the development and deployment of autonomous vehicles. These technologies establish the necessary communication infrastructure for autonomous cars to interact seamlessly with their surroundings, ensuring their integration into the existing transportation ecosystem. This presents a lucrative market opportunity for automobile manufacturers and technology providers as they actively contribute to developing and implementing V2I and V2X solutions aligned with evolving industry standards and regulatory frameworks. In September 2020, Keysight Technologies (US) collaborated with Qualcomm Technologies, Inc. (US) and SGS (Switzerland) to contribute to the advancement of testing for Cellular Vehicle-to-Everything (C-V2X) technology. The joint effort focuses on developing test cases addressing radio frequency (RF) and radio resource management (RRM) performance verification of devices intended for V2V deployment scenarios. In April 2020, Cohda Wireless introduced its C-V2X Evaluation Kit in a compact, rugged roadside unit (RSU) enclosure for outdoor trials in China. Utilizing the Qualcomm 9150 C-V2X chipset, the MK6C EVK supports V2V, V2I, and V2P applications with high-quality C-V2X software.

Challenge: Prohibition of DSRC technology in the US

The prohibition of Dedicated Short-Range Communications (DSRC) technology in the US poses a significant challenge for the automotive V2X market. This restrictive measure came into effect when the Federal Communications Commission (FCC) reallocated 45 megahertz of the 5.9 GHz band to the 5.8 GHz Industrial, Scientific, and Medical (ISM) band, designating it for unlicensed non-intelligent Transportation System (ITS) applications. The decision to exclude DSRC from this spectrum shift reflects a broader trend away from DSRC-based technology in V2X communication. The ban on DSRC technology represents a setback for the automotive sector, as DSRC had been designated as the standard for ITS services in the 5.9 GHz band for over two decades. The rationale behind this move is rooted in the limited deployment and adoption of DSRC-based systems during this extended period, leading to underutilization of the allocated spectrum. This regulatory shift disrupts the continuity of DSRC-based V2X infrastructure and forces stakeholders to reassess their technology strategies. The challenge extends beyond the ban itself, as the FCC mandated the transition of ITS operations in the upper band to C-V2X technology. This transition involves a technological shift and necessitates significant investment and adaptation from automobile manufacturers, infrastructure providers, and other stakeholders. The sudden shift away from DSRC to C-V2X introduces uncertainties and complexities into the market, potentially delaying the widespread implementation of V2X communication systems. Stakeholders must navigate this regulatory landscape, adjust their technology roadmaps, and invest in developing and deploying C-V2X systems to ensure continued progress in connected vehicle communication and safety features. The ban on DSRC, while reflective of evolving technology preferences, introduces a period of adjustment and transformation in the automotive V2X market.

Market Ecosystem

Automotive V2X Market

DSRC is estimated to be the largest segment during the forecast period

DSRC, or Dedicated Short-Range Communication, is based on IEEE 802.11p connectivity, a Wi-Fi derivative. It operates in the unlicensed 5.9 GHz frequency band and is known as Wireless Access for Vehicular Environments (WAVE) and ITS-G5 in the European Cooperative Intelligent Transport Systems (C-ITS). DSRC enables V2X communication that extends beyond line-of-sight, distinguishing it from sensors such as radar, cameras, and LiDAR. Its applications encompass V2I and V2V scenarios, providing features such as speed limit alerts, electronic parking, toll payments, and collision warnings. Key functional characteristics of DSRC include low latency (-2 ms), short range (under 1 km), and high reliability. DSRC utilizes the IEEE 1609.2 connectivity protocol for authentication and optional encryption based on digital signatures and certificates. Its primary advantage lies in offering 360-degree non-line-of-sight awareness. The DSRC V2X market is propelled by its ability to facilitate effective communication among fast-moving vehicles, achieving data rates ranging from 3 to 27 Mbps over a distance of at least 300 m. Having matured since its introduction over a decade ago, DSRC has undergone testing and deployment. Major established OEMs, such as GM, Volkswagen, Toyota, and Honda, have been incorporating DSRC technology in their vehicles for several years. Examples include Volkswagen models like Golf 8, ID4, and ID6, Xpeng's P7, Toyota's Prius, Crown Majesta, and Royal, Honda's Civic Tourer and CR-V, GM's Cadillac CTS, and BMW's ix. OEMs like Mitsubishi, Nissan, Renault, and Subaru also plan to integrate DSRC into their upcoming vehicle models. However, in the United States, where regulations prohibit DSRC, demand experienced a decline in 2020. Consequently, DSRC holds a significant market share in Europe and the Asia Pacific, with a comparatively smaller market share in North America.

Commercial vehicles is estimated to be the fastest growing segment during the forecast period

Commercial vehicles encompass both light commercial vehicles and heavy commercial vehicles, which include heavy trucks, buses, and vans, among other categories. These vehicles are utilized for transporting goods or fare-paying passengers, and due to their higher capacity compared to passenger cars, ensuring safety is paramount. A critical driving force for the commercial vehicle segment, particularly trucks, is the platooning feature facilitated by V2X technology. In platooning, vehicles travel in a tightly coordinated convoy with minimal spacing between each vehicle. This feature, notably advantageous for trucks, reduces fuel consumption and operating costs. The sophisticated maneuverability achieved through truck platooning, enabled by V2X, optimizes traffic flow and leads to fuel savings, with an expected 12% reduction in fuel consumption.

Consequently, the platooning feature offered by V2X stands out as the principal driving factor for the commercial vehicle segment within the automotive V2X market. In alignment with the industry-wide commitment to enhancing vehicular safety, a growing number of commercial vehicles equipped with V2X technology are anticipated to be introduced in the upcoming years. Leading original equipment manufacturers (OEMs) such as Ford and Stellantis strategically plan to integrate V2X capabilities into their respective lines of pickup trucks and vans. This strategic move reflects the industry's recognition of the pivotal role V2X technology plays in advancing safety and operational efficiency within the commercial vehicle segment.

“Asia Pacific is expected to be the largest market during the forecast period.”

The Asia Pacific region has emerged as a prominent center for automobile production in recent years. The escalating purchasing power of the populace and growing environmental concerns have stimulated the demand for Vehicle-to-Everything (V2X) technology in this region. Notably, South Korea and Japan, leaders in the global electronics industry, are positioned to design V2X solutions with enhanced performance at a competitive cost. China is committed to Cellular Vehicle-to-Everything (C-V2X) technology over Dedicated Short-Range Communication (DSRC). Consequently, the anticipated commercialization of 5G-V2X will drive rapid growth in the Asia Pacific region throughout the forecast period. The Chinese government has undertaken substantial efforts to deploy C-V2X. In August 2023, in collaboration with the China Mobile Research Institute, Huawei Technologies successfully conducted 5G-based V2X testing across diverse locations in China. The positive outcomes of this testing underscore the capability of 5G networks to support standard V2X services effectively. This validation establishes the feasibility of deploying advanced 5G solutions for commercial V2X operations and provides substantial data support for realizing 5G-based V2X services. The Asia Pacific region is home to key players in the automotive V2X market, including Denso Corporation (Japan), Mitsubishi Corporation (Japan), Hitachi Solutions, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), and Hyundai Motor Company (South Korea). The presence of these influential companies is expected to further propel the growth of the market in the Asia Pacific region in the coming years.

Automotive V2X Market Size, and Share

Key Market Players

The automotive V2X market is dominated by major players, including Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands). These companies offer automotive V2X technology and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the market.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2030

Base year considered

2022

Forecast period

2022-2030

Forecast units

Volume (Thousand Units) and Value (USD Million/Billion)

Segments covered

Offering, Aftermarket Offering, Communication, Propulsion, Connectivity, Technology, Vehicle Type, Unit, and Region

Geographies covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., LTD. (China), NXP Semiconductors (Netherlands).
Total 39 major players across four regions covered

This research report categorizes the automotive V2X market based on offering, aftermarket offering, communication, propulsion, connectivity, technology, vehicle type, unit, and region.

Based on Offering:

  • Hardware
  • Software

Based on Aftermarket Offering:

  • Hardware
  • Software
  • Service

Based on Communication:

  • Vehicle-to-Vehicle (V2V)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Pedestrian (V2P)
  • Vehicle-to-Grid (V2G)

Based on Propulsion:

  • Internal Combustion Engines
  • Electric Vehicles

Based on Connectivity:

  • Cellular
  • DSRC

Based on Technology:

  • Automated Driver Assistance
  • Intelligent Traffic Systems
  • Emergency Vehicle Notification
  • Passenger Information System
  • Fleet & Asset Management
  • Parking Management System
  • Line of Sight
  • Non-line of Sight
  • Backing
  • Others

Based on Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

Based on Unit:

  • On-Board Units
  • Roadside Units

Based on the Region:

  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
  • North America (NA)
    • US
    • Canada
    • Mexico
  • Europe (EU)
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Rest of the World (RoW)
    • Brazil
    • Argentina

Recent Developments

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    • In October 2023, Huawei unveiled the industry's comprehensive suite of solutions for 5.5G. This solution is expected to expedite the advancement of V2X services, contributing to the evolution of intelligent transportation systems.
    • In February 2023, Qualcomm unveiled its connected car 5G modem-RF platform during the Mobile World Congress (MWC) held in Barcelona on February 27, 2023. The latest addition, known as the Snapdragon Auto 5G Modem-RF Gen 2, is a key component of Qualcomm Technologies' Snapdragon Digital Chassis connected car technology portfolio. This platform introduces notable enhancements in 5G technology, aiming to elevate in-vehicle broadband connectivity, and introduces novel support for in-car satellite communications.
    • In December 2022, Cohda Wireless engineered a V2X connectivity solution, which aimed to facilitate the integration of connected vehicles on intelligent roadways and highways worldwide. The MK6 RSU and OBU are equipped with the most comprehensive connectivity features as standard, encompassing DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth.
    • In June 2022, Autotalks introduced its third-generation chipsets, TEKTON3 and SECTON3, specifically engineered to meet the upcoming V2X requirements. These innovative devices represent the world's initial offerings supporting 5G-V2X for Day 2 scenarios.
TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 41)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 AUTOMOTIVE V2X MARKET DEFINITION, BY COMMUNICATION
           TABLE 2 MARKET DEFINITION, BY VEHICLE TYPE
           TABLE 3 MARKET DEFINITION, BY CONNECTIVITY
           TABLE 4 MARKET DEFINITION, BY UNIT
           TABLE 5 MARKET DEFINITION, BY PROPULSION
           TABLE 6 MARKET DEFINITION, BY OFFERING
           TABLE 7 MARKET DEFINITION, BY TECHNOLOGY
    1.3 INCLUSIONS AND EXCLUSIONS 
           TABLE 8 AUTOMOTIVE V2X MARKET: INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE 
           1.4.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
    1.5 YEARS CONSIDERED 
    1.6 CURRENCY CONSIDERED 
           TABLE 9 CURRENCY EXCHANGE RATES
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 50)
    2.1 RESEARCH DATA 
           FIGURE 2 AUTOMOTIVE V2X MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for automotive V2X market
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews from demand and supply sides
                               FIGURE 4 KEY INSIGHTS FROM INDUSTRY EXPERTS
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.3 List of primary interview participants
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 7 AUTOMOTIVE V2X MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 9 MARKET ESTIMATION NOTES
    2.3 RECESSION IMPACT ANALYSIS 
           FIGURE 10 RESEARCH DESIGN AND METHODOLOGY FOR ICE VEHICLES (DEMAND SIDE)
    2.4 DATA TRIANGULATION 
           FIGURE 11 DATA TRIANGULATION
    2.5 FACTOR ANALYSIS 
           2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
                    FIGURE 12 FACTORS IMPACTING AUTOMOTIVE V2X MARKET
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 65)
    TABLE 10 C-V2X-EQUIPPED VEHICLES 
    FIGURE 13 AUTOMOTIVE V2X MARKET OVERVIEW 
    FIGURE 14 MARKET, BY REGION, 2023–2030 
    FIGURE 15 KEY PLAYERS IN MARKET 
    FIGURE 16 MARKET, BY CONNECTIVITY, 2023 VS. 2030 
 
4 PREMIUM INSIGHTS (Page No. - 69)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE V2X MARKET 
           FIGURE 17 INCREASING FOCUS ON AUTONOMOUS MOBILITY AND CONNECTED CAR TECHNOLOGY TO DRIVE MARKET
    4.2 MARKET, BY REGION 
           FIGURE 18 ASIA PACIFIC HOLDS LARGEST MARKET SHARE
    4.3 MARKET, BY COMMUNICATION 
           FIGURE 19 V2V TO BE DOMINANT COMMUNICATION SEGMENT DURING FORECAST PERIOD
    4.4 MARKET, BY CONNECTIVITY 
           FIGURE 20 DSRC TO BE LARGER CONNECTIVITY SEGMENT DURING FORECAST PERIOD
    4.5 MARKET, BY PROPULSION 
           FIGURE 21 EV SEGMENT TO GROW RAPIDLY DURING FORECAST PERIOD
    4.6 MARKET, BY OFFERING 
           FIGURE 22 SOFTWARE TO BE FASTER-GROWING OFFERING SEGMENT DURING FORECAST PERIOD
    4.7 MARKET, BY VEHICLE TYPE 
           FIGURE 23 PASSENGER CARS TO BE LARGER VEHICLE TYPE SEGMENT DURING FORECAST PERIOD
    4.8 MARKET, BY TECHNOLOGY 
           FIGURE 24 AUTOMATED DRIVER ASSISTANCE TO BE LARGEST TECHNOLOGY SEGMENT DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 74)
    5.1 INTRODUCTION 
           FIGURE 25 KEY ELEMENTS OF V2X
           FIGURE 26 COMMUNICATION BETWEEN VEHICLES, USERS, AND INFRASTRUCTURE
           TABLE 11 COMPARISON OF V2X TECHNOLOGIES
    5.2 MARKET DYNAMICS 
           FIGURE 27 AUTOMOTIVE V2X MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for advanced technologies to address vehicle safety concerns
                               TABLE 12 SAFETY FACTS CONCERNING V2X COMMUNICATION
                               FIGURE 28 ADVANCED SAFETY USE CASES OF V2X TECHNOLOGY
                    5.2.1.2 Growing adoption of C-V2X connectivity
                               FIGURE 29 C-V2X INCREASES REACTION TIME OVER DSRC
                    5.2.1.3 Development of connected car technology
                               FIGURE 30 EVOLUTION OF V2X USE CASES TOWARD CONNECTED COOPERATIVE DRIVING
                    5.2.1.4 Advancements in 5G technology
                               FIGURE 31 HIGH-SPEED DATA AND PERFORMANCE LEVEL
                               FIGURE 32 EVOLUTION OF C-V2X TOWARD 5G NR V2X
                               TABLE 13 ADVANCEMENT IN 5G NR OVER 4G LTE
                               TABLE 14 5G-V2X USE CASE PERFORMANCES
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of infrastructure for proper functioning
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government support for V2X technology
                               FIGURE 33 USDOT’S ACTIONS RELATED TO V2X
                               FIGURE 34 ACTIONS OF KEY STAKEHOLDERS REGARDING V2X DEVELOPMENTS
                    5.2.3.2 Increasing adoption of V2V/V2I technology in connected vehicles
                               FIGURE 35 DIRECT AND NETWORK-BASED COMMUNICATION IN VEHICLES
                    5.2.3.3 OEMs and EVCS providers offering V2G services
                               FIGURE 36 V2G INFRASTRUCTURE
                    5.2.3.4 Data monetization
                               FIGURE 37 DATA GENERATED BY V2X SYSTEMS
                               FIGURE 38 BENEFITS OF DATA MONETIZATION
           5.2.4 CHALLENGES
                    5.2.4.1 Vulnerability to cyberattacks
                               TABLE 15 PLAUSIBILITY OF ATTACKS CONDUCTED ON EACH GENERATION OF V2X
                               FIGURE 39 EMERGING CYBER THREATS IN AUTOMOTIVE V2X
                               TABLE 16 BASE STANDARDS FOR SECURITY AND PRIVACY DEVELOPED BY EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI)
                    5.2.4.2 Prohibition of DSRC technology in US
                               FIGURE 40 SPECTRUM METHODS FOR V2X
                               FIGURE 41 V2X COMMUNICATION SPECTRUM
                    5.2.4.3 Latency/reliability issue
                               TABLE 17 DSRC-BASED AND C-V2X COMMUNICATIONS
                               TABLE 18 IMPACT OF MARKET DYNAMICS
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 42 SUPPLY CHAIN ANALYSIS OF AUTOMOTIVE V2X MARKET
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.4.1 V2V
           5.4.2 V2I
           5.4.3 V2G
           5.4.4 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 43 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)
           5.4.5 BUYING CRITERIA
                    FIGURE 44 KEY BUYING CRITERIA FOR AUTOMOTIVE V2X SYSTEMS
                    TABLE 20 KEY BUYING CRITERIA FOR AUTOMOTIVE V2X SYSTEMS
    5.5 TECHNOLOGY ANALYSIS 
           TABLE 21 C-V2X TECHNICAL ADVANTAGES OVER IEEE 802.11P (ITS-G5 OR DSRC)
           5.5.1 DEDICATED SHORT-RANGE COMMUNICATIONS (DSRC)
                    FIGURE 45 DSRC INFRASTRUCTURE
                    FIGURE 46 DSRC SPECTRUM BAND AND CHANNELS
           5.5.2 CELLULAR V2X (C-V2X)
                    FIGURE 47 C-V2X NETWORK ARCHITECTURE
                    FIGURE 48 C-V2X TIMELINE WITH FEATURES
                    TABLE 22 CUMULATIVE GAIN IN TIME TO TRAVEL WHILE USING 5G NR (NEW RADIO) C-V2X
                    5.5.2.1 LTE-V2X
                               FIGURE 49 VEHICLE COMMUNICATION MODES
                    5.5.2.2 5G-V2X
                               FIGURE 50 5NR FLEXIBLE FRAMEWORK
           5.5.3 BLOCKCHAIN TECHNOLOGY
                    FIGURE 51 IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY IN NETWORKING STACK
                    FIGURE 52 SERVICES PROVIDED BY BLOCKCHAIN TO V2X APPLICATIONS
           5.5.4 EDGE COMPUTING
                    FIGURE 53 IMPLEMENTATION OF EDGE COMPUTING IN V2V COMMUNICATION
    5.6 ECOSYSTEM ANALYSIS 
           FIGURE 54 ECOSYSTEM ANALYSIS
           5.6.1 V2X HARDWARE PROVIDERS
           5.6.2 V2X PROVIDERS
           5.6.3 AUTOMOTIVE ENGINEERING SERVICE PROVIDERS
           5.6.4 C-V2X MODULE SUPPLIERS
           5.6.5 ANTENNA SUPPLIERS
           5.6.6 OEMS
                    TABLE 23 ROLE OF COMPANIES IN ECOSYSTEM
    5.7 OEM INVESTMENTS IN AUTOMOTIVE V2X 
           TABLE 24 OEM INVESTMENT IN V2X
    5.8 COMMERCIAL V2X DEVICES CURRENTLY IN MARKET 
           TABLE 25 COMMERCIAL V2X DEVICES CURRENTLY IN MARKET
    5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 55 REVENUE SHIFT FOR AUTOMOTIVE V2X MARKET
    5.10 PRICING ANALYSIS 
           5.10.1 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 26 AUTOMOTIVE V2X HARDWARE: REGIONAL PRICE TREND, 2020 VS. 2022
                    TABLE 27 AUTOMOTIVE V2X HARDWARE: AVERAGE SELLING PRICE ANALYSIS, BY CONNECTIVITY AND REGION (2022)
                    TABLE 28 AUTOMOTIVE V2X HARDWARE: AVERAGE SELLING PRICE ANALYSIS, BY CONNECTIVITY AND REGION (2030)
    5.11 PATENT ANALYSIS 
           5.11.1 INTRODUCTION
                    FIGURE 56 NUMBER OF PATENTS GRANTED, 2014–2023
                    FIGURE 57 PATENT PUBLICATION TREND
                    TABLE 29 INNOVATIONS AND PATENT REGISTRATIONS, 2018–2023
    5.12 CASE STUDY ANALYSIS 
           5.12.1 PILOT PROJECT ON VIRGINIA SMART ROAD
           5.12.2 VEHICLE POSITIONING ACCURACY IN NEW YORK
           5.12.3 TOWARDS ZERO ROAD SAFETY STRATEGY
           5.12.4 PREPARING ROADS FOR AUTONOMOUS VEHICLES
           5.12.5 PILOT PROJECT ON SAN DIEGO ROADWAYS
           5.12.6 ECOCAR MOBILITY CHALLENGE
           5.12.7 TRANSFORMING SNOW REMOVAL IN DENVER WITH V2X TECHNOLOGY
           5.12.8 IMPLEMENTATION OF NISSAN LEAF IN DURHAM (US)
    5.13 TARIFF AND REGULATORY OVERVIEW 
                    TABLE 30 REGULATIONS FOR AUTOMOTIVE V2X, BY REGION/COUNTRY
                    TABLE 31 US AND EU SPECIFICATION STANDARDS
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 32 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 33 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 34 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.14 KEY CONFERENCES AND EVENTS IN 2024–2025 
                    TABLE 35 LIST OF CONFERENCES AND EVENTS, 2024–2025
 
6 AUTOMOTIVE V2X MARKET, BY OFFERING (Page No. - 129)
    6.1 INTRODUCTION 
           FIGURE 58 SOFTWARE SEGMENT TO HOLD LARGER MARKET SHARE THAN HARDWARE  BY 2030
           TABLE 36 AUTOMOTIVE V2X MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 37 MARKET, BY OFFERING, 2023–2030 (USD MILLION)
           6.1.1 OPERATIONAL DATA
                    TABLE 38 HARDWARE AND SOFTWARE OFFERED BY KEY PLAYERS
    6.2 HARDWARE 
           6.2.1 INCREASING FOCUS ON PRODUCT LAUNCHES BY MAJOR PLAYERS TO DRIVE MARKET
                    TABLE 39 HARDWARE: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 40 HARDWARE: AUTOMOTIVE V2X MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.3 SOFTWARE 
           6.3.1 RAPID DEPLOYMENT OF 5G TO CREATE NEW USE CASES FOR V2X SOFTWARE TO DRIVE MARKET
                    TABLE 41 SOFTWARE: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 42 SOFTWARE: AUTOMOTIVE V2X MARKET, BY REGION, 2023–2030 (USD MILLION)
    6.4 KEY PRIMARY INSIGHTS 
 
7 AUTOMOTIVE V2X MARKET, BY COMMUNICATION (Page No. - 135)
    7.1 INTRODUCTION 
           FIGURE 59 V2V SEGMENT TO HOLD LARGEST MARKET SHARE BY 2030
           TABLE 43 MARKET, BY COMMUNICATION, 2019–2022 (THOUSAND UNITS)
           TABLE 44 MARKET, BY COMMUNICATION, 2023–2030 (THOUSAND UNITS)
           TABLE 45 MARKET, BY COMMUNICATION, 2019–2022 (USD MILLION)
           TABLE 46 MARKET, BY COMMUNICATION, 2023–2030 (USD MILLION)
           7.1.1 OPERATIONAL DATA
                    TABLE 47 VEHICLES EQUIPPED WITH VARIOUS V2X COMMUNICATIONS
    7.2 VEHICLE-TO-VEHICLE (V2V) 
           7.2.1 ABILITY TO CREATE 360-DEGREE AWARENESS ABOUT NEARBY VEHICLES TO DRIVE MARKET
                    TABLE 48 V2V: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                    TABLE 49 V2V: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
                    TABLE 50 V2V: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 V2V: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.3 VEHICLE-TO-INFRASTRUCTURE (V2I) 
           7.3.1 IMPROVEMENT IN RSU INFRASTRUCTURE TO DRIVE MARKET
           TABLE 52 V2I: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
           TABLE 53 V2I: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
           TABLE 54 V2I: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 55 V2I: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.4 VEHICLE-TO-GRID (V2G) 
           7.4.1 USABILITY AS BACKUP POWER SOURCE TO DRIVE MARKET
                    TABLE 56 V2G: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                    TABLE 57 V2G: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
                    TABLE 58 V2G: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 59 V2G: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.5 VEHICLE-TO-PEDESTRIAN (V2P) 
           7.5.1 MOBILE-ACCESSIBLE PEDESTRIAN SIGNAL SYSTEM AS KEY APPLICATION TO DRIVE MARKET
                    TABLE 60 V2P: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                    TABLE 61 V2P: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
                    TABLE 62 V2P: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 63 V2P: MARKET, BY REGION, 2023–2030 (USD MILLION)
    7.6 VEHICLE-TO-CLOUD (V2C) 
    7.7 VEHICLE-TO-DEVICE (V2D) 
    7.8 KEY PRIMARY INSIGHTS 
 
8 AUTOMOTIVE V2X MARKET, BY PROPULSION (Page No. - 146)
    8.1 INTRODUCTION 
           FIGURE 60 AUTOMOTIVE V2X MARKET, BY PROPULSION,  2023 VS. 2030 (THOUSAND UNITS)
           TABLE 64 MARKET, BY PROPULSION, 2019–2022 (THOUSAND UNITS)
           TABLE 65 MARKET, BY PROPULSION, 2023–2030 (THOUSAND UNITS)
           8.1.1 OPERATIONAL DATA
                    TABLE 66 CARS EQUIPPED WITH V2X (BY PROPULSION)
    8.2 INTERNAL COMBUSTION ENGINE (ICE) 
           8.2.1 INCREASING SAFETY AND FUEL EFFICIENCY IN ICE VEHICLES TO DRIVE MARKET
                    TABLE 67 ICE: AUTOMOTIVE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                    TABLE 68 ICE: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
    8.3 ELECTRIC VEHICLE (EV) 
           8.3.1 EASE OF V2X ADOPTION IN EV ARCHITECTURE TO DRIVE MARKET
                    TABLE 69 EV: MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                    TABLE 70 EV: MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
    8.4 KEY PRIMARY INSIGHTS 
 
9 AUTOMOTIVE V2X MARKET, BY TECHNOLOGY (Page No. - 152)
    9.1 INTRODUCTION 
           FIGURE 61 MARKET, BY TECHNOLOGY, 2023 VS. 2030
           TABLE 71 MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 72 MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
           9.1.1 OPERATIONAL DATA
                    TABLE 73 VARIOUS V2X TECHNOLOGIES BY COMMUNICATION TYPE AND APPLICATION
    9.2 V2V 
           9.2.1 AUTOMATED DRIVER ASSISTANCE
           9.2.2 OTHERS
    9.3 V2I 
           9.3.1 INTELLIGENT TRAFFIC SYSTEM (ITS)
                    TABLE 74 ITS SERVICES
           9.3.2 EMERGENCY VEHICLE NOTIFICATION
           9.3.3 PASSENGER INFORMATION SYSTEM
           9.3.4 FLEET & ASSET MANAGEMENT
           9.3.5 PARKING MANAGEMENT SYSTEM
    9.4 V2P 
           9.4.1 LINE OF SIGHT
           9.4.2 NON-LINE OF SIGHT
           9.4.3 BACKING
    9.5 KEY PRIMARY INSIGHTS 
 
10 AUTOMOTIVE V2X MARKET, BY VEHICLE TYPE (Page No. - 160)
     10.1 INTRODUCTION 
               FIGURE 62 MARKET, BY VEHICLE TYPE, 2023 VS. 2030
               TABLE 75 MARKET, BY VEHICLE TYPE, 2019–2022 (THOUSAND UNITS)
               TABLE 76 MARKET, BY VEHICLE TYPE, 2023–2030 (THOUSAND UNITS)
             10.1.1 OPERATIONAL DATA
                       TABLE 77 PASSENGER CARS EQUIPPED WITH V2X
                       TABLE 78 COMMERCIAL VEHICLES EQUIPPED WITH V2X
     10.2 PASSENGER CARS 
             10.2.1 RAPID ADOPTION OF V2X SYSTEMS IN PREMIUM CARS TO DRIVE MARKET
                       TABLE 79 PASSENGER CAR V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                       TABLE 80 PASSENGER CAR V2X MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
     10.3 COMMERCIAL VEHICLES 
             10.3.1 PLATOONING FEATURE OFFERED BY V2X TO DRIVE MARKET
                       TABLE 81 COMMERCIAL VEHICLE V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                       TABLE 82 COMMERCIAL VEHICLE V2X MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
     10.4 KEY PRIMARY INSIGHTS 
 
11 AUTOMOTIVE V2X MARKET, BY CONNECTIVITY (Page No. - 166)
     11.1 INTRODUCTION 
               TABLE 83 DSRC VS. C-V2X, PHYSICAL LAYER MAIN PARAMETERS
               TABLE 84 COMPARISON BETWEEN DSRC AND C-V2X
               FIGURE 63 AUTOMOTIVE V2X MARKET, BY CONNECTIVITY, 2023 VS. 2030
               TABLE 85 MARKET, BY CONNECTIVITY, 2019–2022 (THOUSAND UNITS)
               TABLE 86 MARKET, BY CONNECTIVITY, 2023–2030 (THOUSAND UNITS)
             11.1.1 OPERATIONAL DATA
                       TABLE 87 COMPANIES OFFERING V2X PRODUCTS, BY CONNECTIVITY
                       TABLE 88 ADVANCED USE CASES AND QUALITY OF SERVICE REQUIREMENTS OF V2X APPLICATIONS
     11.2 DEDICATED SHORT-RANGE COMMUNICATIONS (DSRC) 
             11.2.1 360-DEGREE NON-LINE OF SIGHT AWARENESS TO DRIVE MARKET
                       TABLE 89 DSRC V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                       TABLE 90 DSRC V2X MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
     11.3 CELLULAR VEHICLE-TO-EVERYTHING (C-V2X) 
             11.3.1 REAL-TIME AND LOW-LATENCY COMMUNICATIONS TO DRIVE MARKET
                       FIGURE 64 C-V2X IMPACT ON DRIVING EXPERIENCE AND SMART CITY DEVELOPMENT
                       TABLE 91 PERFORMANCE OF DSRC VS. C-V2X
                       TABLE 92 V2X STANDARDS FOR VARIOUS COMMUNICATION RANGES
                       TABLE 93 C-V2X MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
                       TABLE 94 C-V2X MARKET, BY REGION, 2023–2030 (THOUSAND UNITS)
     11.4 KEY PRIMARY INSIGHTS 
 
12 AUTOMOTIVE V2X MARKET, BY UNIT (Page No. - 175)
     12.1 INTRODUCTION 
             12.1.1 OPERATIONAL DATA
                       TABLE 95 COMPANIES OFFERING RSU AND OBU
     12.2 ON-BOARD UNIT (OBU) 
     12.3 ROADSIDE UNIT (RSU) 
 
13 AUTOMOTIVE V2X MARKET, BY AFTERMARKET OFFERING (Page No. - 178)
     13.1 INTRODUCTION 
             13.1.1 OPERATIONAL DATA
                       TABLE 96 TOP INDUSTRIES FOR V2X MARKET IN NORTH AMERICA
     13.2 HARDWARE 
     13.3 SOFTWARE 
     13.4 SERVICES 
             13.4.1 FLEET MANAGEMENT
             13.4.2 AUTOMOTIVE ADVANCED DRIVER-ASSISTANCE SYSTEMS (ADAS)
             13.4.3 TELEMATICS
             13.4.4 CYBERSECURITY
             13.4.5 AUTONOMOUS DRIVING
 
14 AUTOMOTIVE V2X MARKET, BY REGION (Page No. - 181)
     14.1 INTRODUCTION 
               FIGURE 65 FREQUENCY SPECTRUM BANDS FOR DSRC
               FIGURE 66 AUTOMOTIVE V2X MARKET, BY REGION, 2023 VS. 2030
               TABLE 97 MARKET (ICE AND EV), BY REGION, 2019–2022 (THOUSAND UNITS)
               TABLE 98 MARKET (ICE AND EV), BY REGION, 2023–2030 (THOUSAND UNITS)
               TABLE 99 MARKET (ICE AND EV), BY REGION, 2019–2022 (USD MILLION)
               TABLE 100 MARKET (ICE AND EV), BY REGION, 2023–2030 (USD MILLION)
     14.2 ASIA PACIFIC 
               FIGURE 67 ASIA PACIFIC: AUTOMOTIVE V2X MARKET SNAPSHOT
               TABLE 101 ASIA PACIFIC: MARKET (ICE), BY COUNTRY,  2019–2022 (THOUSAND UNITS)
               TABLE 102 ASIA PACIFIC: MARKET (ICE), BY COUNTRY,  2023–2030 (THOUSAND UNITS)
               TABLE 103 ASIA PACIFIC: MARKET (ICE), BY COUNTRY, 2019–2022 (USD MILLION)
               TABLE 104 ASIA PACIFIC: MARKET (ICE), BY COUNTRY, 2023–2030 (USD MILLION)
               TABLE 105 ASIA PACIFIC: MARKET (EV), BY COUNTRY,  2019–2022 (THOUSAND UNITS)
               TABLE 106 ASIA PACIFIC: MARKET (EV), BY COUNTRY,  2023–2030 (THOUSAND UNITS)
               TABLE 107 ASIA PACIFIC: MARKET (EV), BY COUNTRY, 2019–2022 (USD MILLION)
               TABLE 108 ASIA PACIFIC: MARKET (EV), BY COUNTRY, 2023–2030 (USD MILLION)
             14.2.1 RECESSION IMPACT ANALYSIS
             14.2.2 CHINA
                       14.2.2.1 OEMs shifting to C-V2X to drive market
                                   FIGURE 68 CHINA: C-V2X TIMELINES AND MILESTONES
                                   TABLE 109 CHINA: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 110 CHINA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 111 CHINA: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 112 CHINA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 113 CHINA: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 114 CHINA: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 115 CHINA: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 116 CHINA: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.2.3 JAPAN
                       14.2.3.1 Faster adoption of V2X technologies than other countries in the region to drive market
                                   TABLE 117 JAPAN: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 118 JAPAN: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 119 JAPAN: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 120 JAPAN: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 121 JAPAN: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 122 JAPAN: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 123 JAPAN: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 124 JAPAN: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.2.4 SOUTH KOREA
                       14.2.4.1 Government support and technological advancements to drive market
                                   TABLE 125 SOUTH KOREA: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 126 SOUTH KOREA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 127 SOUTH KOREA: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 128 SOUTH KOREA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 129 SOUTH KOREA: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 130 SOUTH KOREA: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 131 SOUTH KOREA: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 132 SOUTH KOREA: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.2.5 INDIA
                       14.2.5.1 Plans for V2X in new-generation vehicles to drive market
                                   TABLE 133 INDIA: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 134 INDIA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 135 INDIA: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 136 INDIA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 137 INDIA: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 138 INDIA: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 139 INDIA: MARKET (EV), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 140 INDIA: MARKET (EV), BY COMMUNICATION, 2023–2030 (USD MILLION)
     14.3 EUROPE 
               FIGURE 69 EUROPE: AUTOMOTIVE V2X MARKET, 2023 VS. 2030
               TABLE 141 EUROPE: MARKET (ICE), BY COUNTRY, 2019–2022 (THOUSAND UNITS)
               TABLE 142 EUROPE: MARKET (ICE), BY COUNTRY, 2023–2030 (THOUSAND UNITS)
               TABLE 143 EUROPE: MARKET (ICE), BY COUNTRY, 2019–2022 (USD MILLION)
               TABLE 144 EUROPE: MARKET (ICE), BY COUNTRY, 2023–2030 (USD MILLION)
               TABLE 145 EUROPE: MARKET (EV), BY COUNTRY, 2019–2022 (THOUSAND UNITS)
               TABLE 146 EUROPE: MARKET (EV), BY COUNTRY, 2023–2030 (THOUSAND UNITS)
               TABLE 147 EUROPE: MARKET (EV), BY COUNTRY, 2019–2022 (USD MILLION)
               TABLE 148 EUROPE: MARKET (EV), BY COUNTRY, 2023–2030 (USD MILLION)
             14.3.1 RECESSION IMPACT ANALYSIS
             14.3.2 GERMANY
                       14.3.2.1 Growing presence of V2X-enabled vehicles and plans for making V2X mainstream to drive market
                                   TABLE 149 GERMANY: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 150 GERMANY: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 151 GERMANY: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 152 GERMANY: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 153 GERMANY: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 154 GERMANY: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 155 GERMANY: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 156 GERMANY: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.3.3 FRANCE
                       14.3.3.1 Government-funded projects for V2X development to drive market
                                   TABLE 157 FRANCE: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 158 FRANCE: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 159 FRANCE: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 160 FRANCE: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 161 FRANCE: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 162 FRANCE: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 163 FRANCE: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 164 FRANCE: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.3.4 SPAIN
                       14.3.4.1 Emphasis on 5G developments to drive market
                                   TABLE 165 SPAIN: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 166 SPAIN: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 167 SPAIN: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 168 SPAIN: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 169 SPAIN: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 170 SPAIN: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 171 SPAIN: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 172 SPAIN: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.3.5 ITALY
                       14.3.5.1 Testing of V2X technology for platooning to drive market
                                   TABLE 173 ITALY: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 174 ITALY: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 175 ITALY: MARKET (ICE), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 176 ITALY: MARKET (ICE), BY COMMUNICATION, 2023–2030 (USD MILLION)
             14.3.6 UK
                       14.3.6.1 Government projects for implementation of V2X to drive market
                                   TABLE 177 UK: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 178 UK: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 179 UK: MARKET (ICE), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 180 UK: MARKET (ICE), BY COMMUNICATION, 2023–2030 (USD MILLION)
                                   TABLE 181 UK: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 182 UK: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 183 UK: MARKET (EV), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 184 UK: MARKET (EV), BY COMMUNICATION, 2023–2030 (USD MILLION)
     14.4 NORTH AMERICA 
               FIGURE 70 NORTH AMERICA: AUTOMOTIVE V2X MARKET SNAPSHOT
               TABLE 185 NORTH AMERICA: MARKET (ICE), BY COUNTRY,  2019–2022 (THOUSAND UNITS)
               TABLE 186 NORTH AMERICA: MARKET (ICE), BY COUNTRY,  2023–2030 (THOUSAND UNITS)
               TABLE 187 NORTH AMERICA: MARKET (ICE), BY COUNTRY,  2019–2022 (USD MILLION)
               TABLE 188 NORTH AMERICA: MARKET (ICE), BY COUNTRY,  2023–2030 (USD MILLION)
               TABLE 189 NORTH AMERICA: MARKET (EV), BY COUNTRY,  2019–2022 (THOUSAND UNITS)
               TABLE 190 NORTH AMERICA: MARKET (EV), BY COUNTRY,  2023–2030 (THOUSAND UNITS)
               TABLE 191 NORTH AMERICA: MARKET (EV), BY COUNTRY,  2019–2022 (USD MILLION)
               TABLE 192 NORTH AMERICA: MARKET (EV), BY COUNTRY,  2023–2030 (USD MILLION)
             14.4.1 RECESSION IMPACT ANALYSIS
             14.4.2 US
                       14.4.2.1 Increasing V2X use cases by leading OEMs to drive market
                                   TABLE 193 US: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 194 US: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 195 US: MARKET (ICE), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 196 US: MARKET (ICE), BY COMMUNICATION, 2023–2030 (USD MILLION)
                                   TABLE 197 US: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 198 US: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 199 US: MARKET (EV), BY COMMUNICATION, 2019–2022 (USD MILLION)
                                   TABLE 200 US: MARKET (EV), BY COMMUNICATION, 2023–2030 (USD MILLION)
             14.4.3 CANADA
                       14.4.3.1 Incorporation of V2X by OEMs to drive market
                                   TABLE 201 CANADA: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 202 CANADA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 203 CANADA: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 204 CANADA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
                                   TABLE 205 CANADA: MARKET (EV), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 206 CANADA: MARKET (EV), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 207 CANADA: MARKET (EV), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 208 CANADA: MARKET (EV), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.4.4 MEXICO
                       14.4.4.1 Flourishing automotive sector to drive market
                                   TABLE 209 MEXICO: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 210 MEXICO: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 211 MEXICO: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 212 MEXICO: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
     14.5 REST OF THE WORLD (ROW) 
               FIGURE 71 ROW: AUTOMOTIVE V2X MARKET, BY COUNTRY, 2023 VS. 2030
               TABLE 213 ROW: MARKET (ICE), BY COUNTRY, 2019–2022 (THOUSAND UNITS)
               TABLE 214 ROW: MARKET (ICE), BY COUNTRY, 2023–2030 (THOUSAND UNITS)
               TABLE 215 ROW: MARKET (ICE), BY COUNTRY, 2019–2022 (USD MILLION)
               TABLE 216 ROW: MARKET (ICE), BY COUNTRY, 2023–2030 (USD MILLION)
             14.5.1 RECESSION IMPACT ANALYSIS
             14.5.2 BRAZIL
                       14.5.2.1 Government initiatives for vehicle safety to drive market
                                   TABLE 217 BRAZIL: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 218 BRAZIL: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 219 BRAZIL: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 220 BRAZIL: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
             14.5.3 ARGENTINA
                       14.5.3.1 Presence of startups offering V2X technology to drive market
                                   TABLE 221 ARGENTINA: AUTOMOTIVE V2X MARKET (ICE), BY COMMUNICATION,  2019–2022 (THOUSAND UNITS)
                                   TABLE 222 ARGENTINA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (THOUSAND UNITS)
                                   TABLE 223 ARGENTINA: MARKET (ICE), BY COMMUNICATION,  2019–2022 (USD MILLION)
                                   TABLE 224 ARGENTINA: MARKET (ICE), BY COMMUNICATION,  2023–2030 (USD MILLION)
 
15 COMPETITIVE LANDSCAPE (Page No. - 236)
     15.1 OVERVIEW 
     15.2 MARKET RANKING ANALYSIS 
               FIGURE 72 AUTOMOTIVE V2X MARKET RANKING ANALYSIS, 2022
     15.3 KEY PLAYERS’ STRATEGIES, 2020–2023 
               TABLE 225 KEY PLAYERS’ STRATEGIES, 2020–2023
     15.4 REVENUE ANALYSIS 
               FIGURE 73 REVENUE ANALYSIS OF TOP 3 PLAYERS, 2018–2022
     15.5 COMPANY (KEY PLAYERS) EVALUATION MATRIX 
             15.5.1 STARS
             15.5.2 EMERGING LEADERS
             15.5.3 PERVASIVE PLAYERS
             15.5.4 PARTICIPANTS
                       FIGURE 74 COMPANY (KEY PLAYERS) EVALUATION MATRIX, 2023
             15.5.5 COMPANY FOOTPRINT
                       TABLE 226 COMPANY OVERALL FOOTPRINT, 2023
                       TABLE 227 COMPANY FOOTPRINT, BY APPLICATION, 2023
                       TABLE 228 COMPANY FOOTPRINT, BY REGION, 2023
     15.6 COMPANY (OTHER KEY PLAYERS) EVALUATION MATRIX 
             15.6.1 PROGRESSIVE COMPANIES
             15.6.2 RESPONSIVE COMPANIES
             15.6.3 DYNAMIC COMPANIES
             15.6.4 STARTING BLOCKS
                       FIGURE 75 COMPANY (OTHER KEY PLAYERS) EVALUATION MATRIX, 2023
             15.6.5 COMPETITIVE BENCHMARKING
                       TABLE 229 LIST OF KEY STARTUPS/SMES
                       TABLE 230 COMPETITIVE BENCHMARKING OF STARTUPS/SMES
     15.7 COMPETITIVE SCENARIO 
             15.7.1 PRODUCT LAUNCHES
                       TABLE 231 PRODUCT LAUNCHES, 2020–2023
             15.7.2 DEALS
                       TABLE 232 DEALS, 2020–2023
             15.7.3 EXPANSIONS
                       TABLE 233 EXPANSIONS, 2020-2023
 
16 COMPANY PROFILES (Page No. - 252)
     16.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             16.1.1 QUALCOMM INCORPORATED
                       TABLE 234 QUALCOMM INCORPORATED: COMPANY OVERVIEW
                       FIGURE 76 QUALCOMM INCORPORATED: COMPANY SNAPSHOT
                       FIGURE 77 QUALCOMM C-V2X FOR AUTOMOTIVE SAFETY
                       FIGURE 78 V2X ADVANCED USE CASES
                       TABLE 235 QUALCOMM INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 236 QUALCOMM INCORPORATED: PRODUCT LAUNCHES
                       TABLE 237 QUALCOMM INCORPORATED: DEALS
             16.1.2 AUTOTALKS
                       TABLE 238 AUTOTALKS: COMPANY OVERVIEW
                       TABLE 239 AUTOTALKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 240 AUTOTALKS: PRODUCT LAUNCHES
                       TABLE 241 AUTOTALKS: DEALS
                       TABLE 242 AUTOTALKS: OTHERS
             16.1.3 HARMAN INTERNATIONAL
                       TABLE 243 HARMAN INTERNATIONAL: COMPANY OVERVIEW
                       FIGURE 79 HARMAN INTERNATIONAL: DUAL-MODE V2X SYSTEM
                       TABLE 244 HARMAN INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 245 HARMAN INTERNATIONAL: PRODUCT LAUNCHES
                       TABLE 246 HARMAN INTERNATIONAL: DEALS
             16.1.4 HUAWEI TECHNOLOGIES CO., LTD.
                       TABLE 247 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
                       FIGURE 80 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
                       FIGURE 81 HUAWEI TECHNOLOGIES CO., LTD.: VISION FOR 5G EXPANSION
                       TABLE 248 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 249 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES
                       TABLE 250 HUAWEI TECHNOLOGIES CO., LTD.: DEALS
             16.1.5 NXP SEMICONDUCTORS
                       TABLE 251 NXP SEMICONDUCTORS: COMPANY OVERVIEW
                       FIGURE 82 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
                       FIGURE 83 NXP SEMICONDUCTORS: V2X AUTOMATED DRIVING
                       FIGURE 84 NXP SEMICONDUCTORS: V2X COMMUNICATIONS
                       TABLE 252 NXP SEMICONDUCTORS: REVENUE FROM END MARKETS (USD MILLION)
                       TABLE 253 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 254 NXP SEMICONDUCTORS: DEALS
             16.1.6 CONTINENTAL AG
                       TABLE 255 CONTINENTAL AG: COMPANY OVERVIEW
                       FIGURE 85 CONTINENTAL AG: COMPANY SNAPSHOT
                       FIGURE 86 CONTINENTAL AG: PRODUCT PORTFOLIO
                       TABLE 256 CONTINENTAL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 257 CONTINENTAL AG: DEALS
             16.1.7 ROBERT BOSCH GMBH
                       TABLE 258 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                       FIGURE 87 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                       FIGURE 88 ROBERT BOSCH GMBH: FOCUS AREAS
                       TABLE 259 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 260 ROBERT BOSCH GMBH: KEY CUSTOMERS
                       TABLE 261 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
                       TABLE 262 ROBERT BOSCH GMBH: DEALS
             16.1.8 COHDA WIRELESS
                       TABLE 263 COHDA WIRELESS: COMPANY OVERVIEW
                       FIGURE 89 COHDA WIRELESS: NEW CELLULAR V2X EVALUATION UNIT
                       TABLE 264 COHDA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 265 COHDA WIRELESS: PRODUCT LAUNCHES
                       TABLE 266 COHDA WIRELESS: DEALS
                       TABLE 267 COHDA WIRELESS: OTHERS
             16.1.9 INFINEON TECHNOLOGIES AG
                       TABLE 268 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
                       FIGURE 90 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                       FIGURE 91 INFINEON TECHNOLOGIES AG: REVENUE SPLIT BY APPLICATION
                       FIGURE 92 INFINEON TECHNOLOGIES AG: V2X DEVICE INTERACTIONS
                       FIGURE 93 INFINEON TECHNOLOGIES AG: AUTOMOTIVE V2X SETUP
                       TABLE 269 INFINEON TECHNOLOGIES AG: KEY CUSTOMERS
                       TABLE 270 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 271 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
                       TABLE 272 INFINEON TECHNOLOGIES AG: DEALS
             16.1.10 DENSO CORPORATION
                       TABLE 273 DENSO CORPORATION: COMPANY OVERVIEW
                       FIGURE 94 DENSO CORPORATION: COMPANY SNAPSHOT
                       TABLE 274 DENSO CORPORATION: KEY CUSTOMERS
                       TABLE 275 DENSO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 276 DENSO CORPORATION: DEALS
             16.1.11 STMICROELECTRONICS
                       TABLE 277 STMICROELECTRONICS: COMPANY OVERVIEW
                       FIGURE 95 STMICROELECTRONICS: COMPANY SNAPSHOT
                       TABLE 278 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.12 HYUNDAI MOBIS
                       TABLE 279 HYUNDAI MOBIS: COMPANY OVERVIEW
                       FIGURE 96 HYUNDAI MOBIS: COMPANY SNAPSHOT
                       TABLE 280 HYUNDAI MOBIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 281 HYUNDAI MOBIS: PRODUCT LAUNCHES
                       TABLE 282 HYUNDAI MOBIS: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     16.2 OTHER PLAYERS 
             16.2.1 KAPSCH GROUP
                       TABLE 283 KAPSCH GROUP: COMPANY OVERVIEW
             16.2.2 MARBEN PRODUCTS
                       TABLE 284 MARBEN PRODUCTS: COMPANY OVERVIEW
             16.2.3 CAPGEMINI ENGINEERING
                       TABLE 285 CAPGEMINI ENGINEERING: COMPANY OVERVIEW
             16.2.4 NOKIA
                       TABLE 286 NOKIA: COMPANY OVERVIEW
             16.2.5 DSPACE GMBH
                       TABLE 287 DSPACE GMBH: COMPANY OVERVIEW
             16.2.6 FICOSA INTERNACIONAL SA
                       TABLE 288 FICOSA INTERNACIONAL SA: COMPANY OVERVIEW
             16.2.7 ESCRYPT
                       TABLE 289 ESCRYPT: COMPANY OVERVIEW
             16.2.8 VECTOR INFORMATIK GMBH
                       TABLE 290 VECTOR INFORMATIK GMBH: COMPANY OVERVIEW
             16.2.9 VOLKSWAGEN AG
                       TABLE 291 VOLKSWAGEN AG: COMPANY OVERVIEW
             16.2.10 BMW AG
                       TABLE 292 BMW AG: COMPANY OVERVIEW
             16.2.11 MERCEDES-BENZ GROUP AG
                       TABLE 293 MERCEDES-BENZ GROUP AG: COMPANY OVERVIEW
             16.2.12 AUDI AG
                       TABLE 294 AUDI AG: COMPANY OVERVIEW
             16.2.13 RENAULT GROUP
                       TABLE 295 RENAULT GROUP: COMPANY OVERVIEW
             16.2.14 MCLAREN GROUP
                       TABLE 296 MCLAREN GROUP: COMPANY OVERVIEW
             16.2.15 UNEX TECHNOLOGY CORP.
                       TABLE 297 UNEX TECHNOLOGY CORP.: COMPANY OVERVIEW
             16.2.16 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 298 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
             16.2.17 FLEX LTD.
                       TABLE 299 FLEX LTD.: COMPANY OVERVIEW
             16.2.18 TATA MOTORS
                       TABLE 300 TATA MOTORS: COMPANY OVERVIEW
             16.2.19 HITACHI SOLUTIONS, LTD.
                       TABLE 301 HITACHI SOLUTIONS, LTD.: COMPANY OVERVIEW
             16.2.20 NISSAN MOTOR CO., LTD.
                       TABLE 302 NISSAN MOTOR CO., LTD.: COMPANY OVERVIEW
             16.2.21 LEAR CORPORATION
                       TABLE 303 LEAR CORPORATION: COMPANY OVERVIEW
             16.2.22 INTEL CORPORATION
                       TABLE 304 INTEL CORPORATION: COMPANY OVERVIEW
             16.2.23 DANLAW, INC.
                       TABLE 305 DANLAW, INC.: COMPANY OVERVIEW
             16.2.24 COMMSIGNIA LTD.
                       TABLE 306 COMMSIGNIA LTD.: COMPANY OVERVIEW
             16.2.25 GENERAL MOTORS
                       TABLE 307 GENERAL MOTORS: COMPANY OVERVIEW
             16.2.26 FORD MOTOR COMPANY
                       TABLE 308 FORD MOTOR COMPANY: COMPANY OVERVIEW
             16.2.27 SOAR ROBOTICS
                       TABLE 309 SOAR ROBOTICS: COMPANY OVERVIEW
 
17 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 323)
     17.1 ASIA PACIFIC AND EUROPE TO BE SIGNIFICANT MARKETS FOR AUTOMOTIVE V2X 
     17.2 C-V2X TECHNOLOGY TRANSFORMING ROADS AND DRIVING FUTURE OF INTELLIGENT TRANSPORTATION 
     17.3 V2G COMMUNICATION TO EMERGE AS PROMISING TECHNOLOGY 
     17.4 CONCLUSION 
 
18 APPENDIX (Page No. - 325)
     18.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     18.2 DISCUSSION GUIDE 
     18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     18.4 CUSTOMIZATION OPTIONS 
             18.4.1 FURTHER BREAKDOWN OF THE AUTOMOTIVE V2X MARKET BY EV TYPE
             18.4.2 ADDITIONAL COUNTRIES (APART FROM THOSE ALREADY CONSIDERED IN THE REPORT) WITH SIGNIFICANT MARKET
             18.4.3 COMPANY INFORMATION
             18.4.4 PROFILES OF ADDITIONAL MARKET PLAYERS (UP TO FIVE)
     18.5 RELATED REPORTS 
     18.6 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the automotive V2X market. Exhaustive secondary research was done to collect information on the market, the peer market, and the child markets. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, 5G Automotive Association, International Organization of Motor Vehicle Manufacturers (OICA), National Highway Traffic Safety Administration (NHTSA), International Energy Association (IEA)], articles, directories, technical handbooks, trade websites, technical articles, and databases (for example, Marklines, and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global automotive V2X market.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the automotive V2X market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (automotive OEMs) and supply (automotive V2X providers) sides across major regions, namely, North America, Europe, and Asia Pacific. Approximately 30% and 70% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews.

In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were also conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the in-house subject matter experts’ opinions, led to the findings described in the remainder of this report.

Automotive V2X Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the automotive V2X market. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of volume, have been determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Automotive V2X Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Market Size Validation

The top-down approach was used to determine the size of the automotive V2X market for the offering, communication, propulsion, connectivity, technology, and vehicle type. The total market size in value (USD million) was derived using the top-down approach.

For instance, the automotive V2X market for the offering segment was derived using the top-down approach to estimate the hardware and software subsegments. Mapping was carried out at the regional level to understand the contribution by type of offering. The market size was derived at the regional level in terms of value. The total value of the market was multiplied by the cost penetration percentage of each segment at the regional level.

Automotive V2X Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Automotive V2X, or Vehicle-to-Everything, refers to a communication technology that enables vehicles to communicate with each other and with various elements in their environment. The "X" in V2X encompasses a wide range of entities, including other vehicles (V2V), infrastructure (V2I), pedestrians (V2P), and grid (V2G). This interconnected communication system aims to enhance road safety, traffic efficiency, and overall transportation ecosystem by facilitating the exchange of real-time information and data between different entities. V2X technology utilizes wireless communication protocols, such as Dedicated Short-Range Communication (DSRC) or Cellular Vehicle-to-Everything (C-V2X), to enable vehicles and other elements in the transportation network to share information.

List of Key Stakeholders

  • Automotive Original Equipment Manufacturers (OEMs)
  • Distributors and Retailers
  • Electronic Design Automation (EDA) and Internet Protocol (IP) Core Vendors
  • Navigation Devices and GPS Manufacturers
  • ODM and OEM Technology Solution Providers
  • Operating System (OS) Vendors
  • Raw Material and Manufacturing Equipment Suppliers
  • Regulatory and Transportation Authorities
  • Software Providers
  • V2X Providers
  • Organizations, Forums, Alliances, and Associations
  • State & National Regulatory Authorities

Report Objectives

  • To segment and forecast the automotive vehicle-to-everything (V2X) market in terms of value (USD million) and volume (thousand units)
  • To analyze and forecast the market based on unit, offering, communication, propulsion, connectivity, vehicle type, technology, aftermarket offering and region.
  • To segment and forecast the market based on unit (on-board unit and
    roadside unit)
  • To segment and forecast the market based on offering (hardware and software)
  • To segment and forecast the market size based on communication [Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Grid (V2G)]
  • To segment and forecast the market based on connectivity [(Dedicated Short-Range Communication (DSRC) and Cellular V2X)]
  • To segment and forecast the market based on vehicle type (passenger cars and commercial vehicles)
  • To segment and forecast the market based on propulsion (ICE and EV)
  • To segment and forecast the market based on technology (automated driver assistance, intelligent traffic system, emergency vehicle notification, passenger information system, fleet and asset management, parking management system, line of sight, non-line of sight, and backing)
  • To segment and forecast the market based on aftermarket offering (hardware, software, and service)
  • To forecast the market with respect to key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To analyze the technological developments impacting the market
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market
  • To study the following with respect to the market
    • Supply Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • Case Study Analysis
    • Patent Analysis
    • Buying Criteria
    • Pricing Analysis
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as new product developments, deals and other activities carried out by key industry participants

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Further breakdown of the automotive V2X Market by EV Type
  • Additional countries (apart from those already considered in the report) with significant market presence
  • Company Information
    • Profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 5947
Published ON
Jan, 2024
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