Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region - Global Forecast to 2028
Automotive V2X Market
V2X (Vehicle-to-Everything) is a communication technology that allows a vehicle to communicate with other vehicles, road users, and infrastructure. The key advantages of the V2X technology include increased traffic safety, improved fuel economy, and reduced traffic congestion. The communication functions include V2G (Vehicle-to-Grid), V2P (Vehicle-to-Pedestrians), V2I (Vehicle-to-Infrastructure), V2V (Vehicle-to-Vehicle), and V2D (Vehicle-to-Devices).
Key Drivers:
- Increasing demand for fully autonomous driving and safe vehicles
- Increasing concern about environmental pollution caused by pollution
- Increasing government support for V2X technology
- Advancements in 5G technology
Key Restraints:
- Latency or reliability challenges
- Vulnerability to cyber-attacks
Top Players
- Qualcomm Technologies (US)
- Continental AG (Germany)
- Robert Bosch (Germany)
- Delphi Technologies (UK)
- NXP Semiconductors (Netherlands)
- Infineon Technologies (Germany)
- Denso Corporation (Japan)
- Harman International (US)
- STMicroelectronics (Switzerland)
Top Start-ups
- Autotalks (Israel)
- Cohda Wireless (Australia)
- Savari (US)
- Qualcomm Technologies – Qualcomm Technologies, Inc. is a US-based V2X solution provider, with its headquarters situated at California. The company was established in the year 1985. Qualcomm Technologies, Inc offers C-V2X (cellular vehicle-to-everything) chipsets for the V2X market. In January 2020, Qualcomm Technologies Inc. introduced a new Qualcomm® C-V2X reference platform for vehicular and roadside units (RSUs). The Qualcomm C-V2X reference platform complements C-V2X communication solutions by offering computational power to deliver a full suite of 4G and 5G wireless, and C-V2X, solutions, including multi-frequency GNSS location services for precise positioning, V2X message security, signing and verifications and V2X Intelligent Transport System (ITS) stacks.
- Robert Bosch – Robert Bosch GmbH was established in the year 1886, with its headquarters situated in Gerlingen, Germany. Robert Bosch GmbH offers a hybrid V2X connectivity control unit (CCU) equipped with telematics data sharing capabilities along with V2X. In December 2018, Bosch developed a V2X connectivity unit for all standards. The connectivity unit from Bosch has been designed to mediate data communication between these standards. The V2X product can switch between communication channels such as C-V2X, DSRC, LTE, and Wi-Fi. The key feature of the V2X product is the smart connection management.
- Autotalks – Autotalks Ltd. is an Israel-based company that was established in the year 2008. It offers a global V2X solution that supports both C-V2X and DSRC. The chipset offered is called CRATON2 and has ultra-low latency V2X Hardware Security Module (eHSM). In September 2018, Autotalks announced the launch of the first ever global V2X solution. Autotalks’ deployment-ready, 2nd generation V2X (Vehicle to Everything) chipset is the only available solution capable of supporting both DSRC and C-V2X direct communications (PC5 protocol) at the highest security level. The chipset supports DSRC based on 802.11p/ITS-G5 standards and C-V2X based on 3GPP specifications.
Automotive V2X Market and Key Technology
- 5G V2X – In 5G-V2X standard, the features of 5G network are combined with V2X. This standard was released in the 3GPP Release 15 in April 2019. The 5G-V2X supports precise ranging and positioning to support automated driving, low latency and high throughput connectivity, high throughput to build dynamic and local maps, and high reliability to support high density platooning.
- LTE V2X – LTE-V2X is the standard in which the features of the LTE network are combined with V2X. The LTE-V2X was announced in the 3GPP Rel. 14, which was released in March 2017. The LTE-V2X has 2 operational modes—short range, which is a network less direct communication via PC5 interface, and long range cellular network communication based on Uu radio interface.
- C-V2X Chipset – Cellular-V2X (C-V2X) was introduced by 3GPP (3rd Generation Partnership Project) in its 3GPP release 14 in June 2017, as LTE-V2X. The C-V2X has two transmission modes, one which offers V2V, V2P, and V2I, called short-range direct transmission mode (<1 km). The second mode of C-V2X is called long range network communication (>1 km) that operates in the mobile operator spectrum band, utilizing conventional mobile networks.
[182 Pages Report] The Automotive V2X Market is estimated to be USD 689 million in 2020 and projected to reach USD 12,859 million by 2028, at a CAGR of 44.2%. The advancements in 5G technology and an increase in fuel consumption and time wastage caused by traffic congestion have pushed the V2X technology forward. .
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Driver: Increasing demand for vehicle safety systems and autonomous driving features
The V2X system installed in the vehicle provides information such as forward collision warning, lane change collision warning, emergency brake warning, emergency vehicle priority, traffic state display, and road information tips. Even though V2X and autonomous driving are two different technologies, the combination of these technologies can help in key features such as maneuvering and sensing. V2X and autonomous technologies cooperative sensing enables vehicles to exchange information from various local sensors. The cooperative maneuvering allows inter-vehicle coordination for maneuvering. Thus, the combination of V2X and autonomous driving technology can help improve efficiency, safety, and driving comfort. The increasing demand for autonomous vehicle is expected to fuel the growth of the automotive V2X market.
Restraint: Latency/ reliability challenges
The key issue with the performance of the V2X is low latency and high reliability. To avoid collision, IEEE 802.11p based DSRC uses CSMA/CA (Carrier Sense Multiple Access protocol with Collision Avoidance) mechanism. DSRC is expected to offer high reliability, but its performance diminishes in a dense vehicle environment. LTE-V2X has more reliable latency and provides less interference, less than 100ms. In a dense vehicle environment, communication delay less than 100ms offered by LTE-V2X is not sufficient, which could put the life of the driver in danger.
The 5G-V2X is expected to overcome the shortcomings of DSRC and LTE-V2X. The 5G network will have delay in communication less than 1ms with stability of 99.99%. The 5G-V2X will thus be able to support automated driving oriented V2X services.
Opportunity: Advancements in 5G technology
Improvements in 5G technology would enable the rapid implementation of 5G-V2X. 5G-V2X is expected to offer higher performance compared to other technologies such as DSRC or LTE-V2X. In addition, this technology offers enhanced protection from cyberthreats.
The high data speed in 5G technology will enable high-speed transfer of information, which is critical in a dense vehicle environment. High-speed data transfer will, in turn, enable rapid updating of the software.
5G-V2X offers high throughput and low latency to aid the exchange of raw /processed data and enable planned trajectory sharing. The technology would also facilitate wideband ranging and positioning and high throughput to build dynamic and local maps. These advantages of 5G technology would create growth opportunities in the automotive V2X market.
The cellular segment is projected to be the fastest growing segment in automotive V2X market, by connectivity
The advancements in 5G technology would enable the applications of 5G-V2X which is expected to offer better performance in terms of cybersecurity and handling many messages in congested traffic environments. Another factor that would drive the cellular segment is the cost associated with hardware components. The DSRC segment, to perform V2P communication, requires additional hardware components, which makes it expensive compared to C-V2X. In January 2019, Audi, Ducati, and Ford demonstrated C-V2X technologies. Such developments would accelerate the commercial deployment of C-V2X technology.
The V2V segment is expected to have the largest market share of the automotive V2X market, by communication
The V2V communication segment is expected to have the largest share of the automotive V2X market. V2V improves vehicle safety through features such as forward collision warning (FCW) and lane changing warning (LCW). The growing safety concerns among the public and government dues to increasing traffic accidents is an important driving factor for the growth of the automotive V2V market. The vehicle models equipped with V2V technology are Cadillac CTS and Mercedes-Benz E-Class, among others.
Europe is expected to account for the largest market size during the forecast period
Europe is expected to have the largest automotive V2X market during the forecast period. The improved infrastructure facility in Europe allows easy deployment of V2X. The presence of top players in the Robert Bosch GmbH, Continental AG, and Delphi Technologies, along with large scale adoption of V2X-equipped vehicles, is expected to have a significant effect on the European V2X market. Moreover, in European countries such as France and Germany, the likes of 5GAA, BMW Group, Ford, and Groupe PSA have teamed up with Qualcomm and Savari to showcase C-V2X communications.
The major players in the automotive V2X market include Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Autotalks Ltd. (Israel), and Delphi Technologies (UK).
Qualcomm Technologies, Inc. is anticipated to be a dominant player in the V2X market. It adopted the strategies of new product developments, partnerships, and M&A to retain its leading position in the automotive V2X market. Strengthening the product portfolio and global presence by building customer relationships has helped Qualcomm maintain its competitive edge in the global market.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2018–2028 |
|
Base Year Considered |
2018 |
|
Forecast Period |
2020–2028 |
|
Forecast Units |
Volume (Thousand units) & Value (USD million) |
|
Segments Covered |
Offering, communication, propulsion, connectivity, technology, vehicle, unit, and region. |
|
Geographies Covered |
Asia Pacific, Europe, North America, and the Rest of the World. |
|
Companies Covered |
Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Autotalks Ltd. (Israel), and Delphi Technologies (UK). |
This research report categorizes the automotive V2X market on the basis of offering segment, communication, propulsion, connectivity, technology, vehicle type, unit, and region.
Market, by Offering
- Hardware
- Software
Market, by Communication
- Vehicle-to-Vehicle (V2V)
- Vehicle-to-Infrastructure (V2I)
- Vehicle-to-Pedestrian (V2P)
- Vehicle-to-Grid (V2G)
- Vehicle-to-Cloud (V2C)
- Vehicle-to Device (V2D)
Market, by Propulsion
- ICE
- EV
Market, by Connectivity
- Cellular
- DSRC
Market, by 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
Market, by Vehicle Type
- Passenger car
- Commercial vehicle
Market, by Unit Type
- On-Board Unit
- Roadside Unit
Market, By Region
- Asia Pacific
- Europe
- North America
- RoW
Frequently Asked Questions (FAQ):
What is the current size of the global automotive V2X market?
The automotive V2X market is estimated to be USD 689 million in 2020 and projected to reach USD 12,859 million by 2028, at a CAGR of 44.2%.
Who are the STARS in the automotive V2X market?
The automotive V2X market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Delphi Technologies (UK), and Autotalks Ltd. (Israel). These companies have a strong distribution network at the global level. They offer an extensive range of products with enhanced safety and security in the automotive V2X market.
What are the new market trends impacting the growth of the automotive V2X market?
Advanced communication and high-performance electronic components are some of the notable technological developments in this market.
Which countries are considered in the European region?
The report covers market sizing for countries such as Germany, France, Italy, Spain, and the UK for the European region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Content
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Package Size
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Automotive V2X Market: Bottom-Up Approach
2.4.2 Automotive V2X Market: Top-Down Approach
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions & Associated Risks
3 Executive Summary (Page No. - 33)
3.1 Revenue Shift Driving the V2X Market Growth
4 Premium Insights (Page No. - 37)
4.1 Attractive Opportunities in the Automotive V2X Market
4.2 Automotive V2X Market, By Region
4.3 European Automotive V2X Market, By Communication & Country
4.4 Automotive V2X Market, By Propulsion
4.5 Automotive V2X Market, By Unit
4.6 Automotive V2X Market, By Vehicle
4.7 Automotive V2X Market, By Connectivity
4.8 Automotive V2X Market, By Technology
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Fully Autonomous Driving and Safe Vehicles
5.2.1.2 Increasing Concerns Over Environmental Pollution Caused By Vehicles
5.2.2 Restraints
5.2.2.1 Latency/Reliability Challenges
5.2.3 Opportunities
5.2.3.1 Increase in Support From Government for V2X Technology
5.2.3.2 Advancements in 5G Technology
5.2.4 Challenges
5.2.4.1 Vulnerability to Cyberattacks
5.3 V2X Market Scenarios (2020–2028)
5.3.1 V2X Market: Most Likely Scenario
5.3.2 V2X Market: Optimistic Scenario
5.3.3 V2X Market: Pessimistic Scenario
6 Industry Trends (Page No. - 49)
6.1 Introduction
6.2 Porter’s 5 Forces
6.3 Value Chain Analysis
6.4 Technological Analysis
6.4.1 Cellular V2X (C-V2X)
6.4.1.1 LTE-V2X
6.4.1.2 5G-V2X
7 Automotive V2X Market, By Offering (Page No. - 54)
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Key Industry Insights
8 Automotive V2X Market, By Communication (Page No. - 56)
8.1 Introduction
8.2 Operational Data
8.2.1 Assumptions
8.2.2 Research Methodology
8.3 Vehicle-To-Vehicle (V2V)
8.4 Vehicle-To-Infrastructure (V2I)
8.5 Vehicle-To-Grid (V2G)
8.6 Vehicle-To-Pedestrian (V2P)
8.7 Vehicle-To-Cloud (V2C)
8.8 Vehicle-To-Device (V2D)
8.9 Key Industry Insights
9 Automotive V2X Market, By Propulsion (Page No. - 65)
9.1 Introduction
9.2 Operational Data
9.2.1 Assumptions
9.2.2 Research Methodology
9.3 ICE
9.4 EV
9.5 Key Industry Insights
10 Automotive V2X Market, By Connectivity (Page No. - 70)
10.1 Introduction
10.2 Operational Data
10.2.1 Assumptions
10.2.2 Research Methodology
10.3 DSRC (Dedicated Short-Range Communications)
10.4 C-V2X (Cellular-V2X)
10.5 Key Industry Insights
11 Automotive V2X Market, By Technology (Page No. - 78)
11.1 Introduction
11.2 Operational Data
11.2.1 Assumptions
11.2.2 Research Methodology
11.3 V2V
11.3.1 Automated Driver Assistance
11.4 V2I
11.4.1 Intelligent Traffic System (ITS)
11.4.2 Emergency Vehicle Notification
11.4.3 Passenger Information System
11.4.4 Fleet & Asset Management
11.4.5 Parking Management System
11.5 V2P
11.5.1 Line of Sight
11.5.2 Non-Line of Sight
11.5.3 Backing
11.6 Key Industry Insights
12 Automotive V2X Market, By Vehicle Type (Page No. - 86)
12.1 Introduction
12.2 Operational Data
12.2.1 Assumptions
12.2.2 Research Methodology
12.3 Passenger Car
12.4 Commercial Vehicle
12.5 Key Industry Insights
13 Automotive V2X Market, By Unit (Page No. - 92)
13.1 Introduction
13.2 Operational Data
13.2.1 Assumptions
13.2.2 Research Methodology
13.3 On-Board Unit (OBU)
13.4 Roadside Unit (RSU)
13.5 Key Industry Insights
14 Automotive V2X Market, By Region (Page No. - 97)
14.1 Introduction
14.1.1 Increasing Demand for Safer Vehicles is Expected to Impact the Market
14.2 Asia Pacific
14.2.1 China
14.2.1.1 Increasing Number of Tests and Trials of C-V2X are Driving the Chinese Market
14.2.2 Japan
14.2.2.1 Increased Performance and Reduced Costs of V2X to Drive the Japanese Market
14.2.3 South Korea
14.2.3.1 Growing Government Initiatives Toward 5G-V2X Would Drive the South Korean Market
14.2.4 India
14.2.4.1 Improving Infrastructure for Installation of RSUs Would Drive the Indian Market
14.2.5 Australia
14.2.6 Taiwan
14.3 Europe
14.3.1 Germany
14.3.1.1 Increase in the Number of C-V2X Trials and Tests to Drive the German Market
14.3.2 Italy
14.3.2.1 Testing of V2X for Features Such as Truck Platooning Would Drive the Italian Market
14.3.3 France
14.3.3.1 Government Funded Projects Like I-Scoop to Drive the French Market
14.3.4 UK
14.3.4.1 Government Initiatives for Connected and Autonomous Vehicles are Expected to Impact the UK Market
14.3.5 Spain
14.3.5.1 Growing Traffic and Safety Concerns Would Drive the Spanish Market
14.4 North America
14.4.1 US
14.4.1.1 High Sales of V2V/V2I-Enabled Cars Would Drive the US Market
14.4.2 Canada
14.4.2.1 Entry of More Vehicles Equipped With V2X Would Drive the Canadian Market
14.4.3 Mexico
14.4.3.1 Improving Infrastructure Facilities Will Drive the Mexican Market
14.5 RoW
14.5.1 Argentina
14.5.1.1 Future Technological Advancements Would Drive the Argentinian Market
14.5.2 Brazil
14.5.2.1 Government Initiatives to Curb Pollution and Growing Vehicle Sales Would Drive the Brazilian Market
15 Competitive Landscape (Page No. - 121)
15.1 Overview
15.2 Market Ranking Analysis
15.3 Competitive Scenario
15.3.1 Partnerships/Supply Contracts/Collaborations/Joint Ventures/License Agreements
15.3.2 Expansions
15.4 Competitive Leadership Mapping (V2X Solution Providers)
15.4.1 Visionary Leaders
15.4.2 Innovators
15.4.3 Dynamic Differentiators
15.4.4 Emerging Companies
15.5 Competitive Leadership Mapping (OEMs)
15.5.1 Visionary Leaders
15.5.2 Innovators
15.5.3 Dynamic Differentiators
15.5.4 Emerging Companies
15.6 Winners vs Tail-Enders
16 Company Profiles (Page No. - 131)
(Business Overview, Product Offerings, Recent Developments, SWOT Analysis & MnM View)*
16.1 Qualcomm Technologies, Inc.
16.2 Continental AG
16.3 Robert Bosch GmbH
16.4 Autotalks LTD.
16.5 Delphi Technologies
16.6 NXP Semiconductors
16.7 Infineon Technologies AG
16.8 Denso Corporation
16.9 Stmicroelectronics
16.10 Harman International
16.11 Cohda Wireless
16.12 Savari, Inc.
*Details on Business Overview, Product Offerings, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
16.13 Other Key Players
16.13.1 Europe
16.13.1.1 Kapsch Group
16.13.1.2 Marben Products
16.13.1.3 Altran
16.13.1.4 Nokia
16.13.1.5 Dspace GmbH
16.13.1.6 Ficosa Internacional Sa
16.13.1.7 Escrypt
16.13.1.8 Vector Informatik GmbH
16.13.1.9 Volkswagen AG
16.13.1.10 BMW AG
16.13.1.11 Daimler AG
16.13.1.12 Audi AG
16.13.1.13 Groupe Renault
16.13.1.14 Mclaren Group
16.13.2 Asia Pacific
16.13.2.1 Unex Technology Corp.
16.13.2.2 Mitsubishi Corporation
16.13.2.3 Flex LTD.
16.13.2.4 Huawei Technologies Co., LTD.
16.13.2.5 Tata Motors
16.13.2.6 Hitachi Solutions, LTD.
16.13.2.7 Hyundai Motor Company
16.13.2.8 Nissan Motor Corporation
16.13.3 North America
16.13.3.1 Lear Corporation
16.13.3.2 Intel Corporation
16.13.3.3 Danlaw, Inc.
16.13.3.4 Commsignia LTD
16.13.3.5 General Motors
16.13.3.6 Ford Motor Company
17 Recommendations By Marketsandmarkets (Page No. - 175)
17.1 Europe Will Be the Major Market for Automotive V2X
17.2 Cellular Connectivity Holds the Key for V2X Communication in the Coming Years
17.3 Conclusion
18 Appendix (Page No. - 176)
18.1 Key Insights of Industry Experts
18.2 Discussion Guide
18.3 Knowledge Store: Marketsandmarkets Subscription Portal
18.4 Available Customizations
18.5 Related Reports
18.6 Author Details
List of Tables (136 Tables)
Table 1 Inclusions & Exclusions for Automotive V2X Market
Table 2 Comparison of V2X Technologies
Table 3 Safety Facts Concerning V2X Communication
Table 4 Environmental Pollution Facts
Table 5 Speed Comparison of Various Network Types
Table 6 5G-V2X Use Case Performances
Table 7 Base Standards for Security and Privacy in ITS Developed By Etsi (European Telecommunications Standards Institute)
Table 8 V2X Market (Most Likely), By Region, 2020–2028 (USD Million)
Table 9 V2X Market (Optimistic), By Region, 2020–2028 (USD Million)
Table 10 V2X Market (Pessimistic), By Region, 2020–2028 (USD Million)
Table 11 C-V2X Technical Advantages Over Ieee 802.11p (ITS-G5 Or DSRC)
Table 12 Cumulative Gain While Using 5G Nr (New Radio) C-V2X
Table 13 Company Offerings for Automotive V2X Market
Table 14 Automotive V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 15 Automotive V2X Market, By Communication, 2018–2028 (USD Million)
Table 16 Vehicles Equipped With Various V2X Communications
Table 17 V2V: Market, By Region, 2018–2028 (Thousand Units)
Table 18 V2V: Market, By Region, 2018–2028 (USD Million)
Table 19 V2I: Market, By Region, 2018–2028 (Thousand Units)
Table 20 V2I: Market, By Region, 2018–2028 (USD Million)
Table 21 V2G: Market, By Region, 2018–2028 (Thousand Units)
Table 22 V2G: Market, By Region, 2018–2028 (USD Million)
Table 23 V2P: Market, By Region, 2018–2028 (Thousand Units)
Table 24 V2P: Market, By Region, 2018–2028 (USD Million)
Table 25 Automotive V2X Market, By Propulsion, 2018–2028 (Thousand Units)
Table 26 Cars Equipped With V2X (By Propulsion)
Table 27 ICE: Market, By Region, 2018–2028 (Thousand Units)
Table 28 EV: Market, By Region, 2018–2028 (Thousand Units)
Table 29 DSRC vs C-V2X, Physical Layer Main Parameters
Table 30 Comparison Between DSRC and C-V2X
Table 31 Automotive V2X Market, By Connectivity, 2018–2028 (Thousand Units)
Table 32 Companies That Offer V2X Products (By Connectivity)
Table 33 DSRC: Market, By Region, 2018–2028 (Thousand Units)
Table 34 Performance of DSRC vs C-V2X
Table 35 V2X Standard Adoptable for Various Communication Ranges
Table 36 Cellular: Automotive V2X Market, By Region, 2018–2028 (Thousand Units)
Table 37 Automotive V2X Market, By Technology, 2018–2028 (USD Million)
Table 38 Various V2X Technologies By Communication Type
Table 39 V2V: Market, By Technology, 2018–2028 (USD Million)
Table 40 V2I: Market, By Technology, 2018–2028 (USD Million)
Table 41 ITS Services
Table 42 V2P: Market, By Technology, 2018–2028 (USD Million)
Table 43 Global Sales Data of Passenger Cars and Commercial Vehicles Over the Years in Million Units
Table 44 Automotive V2X Market, By Vehicle, 2018–2028 (Thousand Units)
Table 45 Automotive V2X Market, By Vehicle, 2018–2028 (USD Million)
Table 46 Passenger Cars Equipped With V2X
Table 47 Fatalities Caused By Passenger Car Accidents Over the Years
Table 48 Passenger Car: Market, By Region, 2018–2028 (Thousand Units)
Table 49 Passenger Car: Market, By Region, 2018–2028 (USD Million)
Table 50 Commercial Vehicle: Market, By Region, 2018–2028 (Thousand Units)
Table 51 Commercial Vehicle: Market, By Region, 2018–2028 (USD Million)
Table 52 V2X Market, By Unit Type, 2018–2028 (Thousand Unit)
Table 53 V2X Market, By Unit Type, 2018–2028 (USD Million)
Table 54 Companies Offering RSU and OBU
Table 55 Automotive V2X Market, By Region, 2018–2028 (Thousand Units)
Table 56 Automotive V2X Market, By Region, 2018–2028 (USD Million)
Table 57 Asia Pacific: Market, By Country, 2018–2028 (Thousand Units)
Table 58 Asia Pacific: Market, By Country, 2018–2028 (USD Million)
Table 59 China: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 60 China: V2X Market, By Communication, 2018–2028 (USD Million)
Table 61 Japan: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 62 Japan: V2X Market, By Communication, 2018–2028 (USD Million)
Table 63 South Korea: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 64 South Korea: V2X Market, By Communication, 2018–2028 (USD Million)
Table 65 India: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 66 India: V2X Market, By Communication, 2018–2028 (USD Million)
Table 67 Europe: Automotive V2X Market, By Country, 2018–2028 (Thousand Units)
Table 68 Europe: Automotive V2X Market, By Country, 2018–2028 (USD Million)
Table 69 Germany: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 70 Germany: V2X Market, By Communication, 2018–2028 (USD Million)
Table 71 Italy: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 72 Italy: V2X Market, By Communication, 2018–2028 (USD Million)
Table 73 France: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 74 France: V2X Market, By Communication, 2018–2028 (USD Million)
Table 75 UK: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 76 UK: V2X Market, By Communication, 2018–2028 (USD Million)
Table 77 Spain: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 78 Spain: V2X Market, By Communication, 2018–2028 (USD Million)
Table 79 North America: Market, By Country, 2018–2028 (Thousand Units)
Table 80 North America: Market, By Country, 2018–2028 (USD Million)
Table 81 US: Automotive V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 82 US: Automotive V2X Market, By Communication, 2018–2028 (USD Million)
Table 83 Canada: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 84 Canada: V2X Market, By Communication, 2018–2028 (USD Million)
Table 85 Mexico: V2X Market, By Communication, 2018–2028 (Thousand Units)
Table 86 Mexico: V2X Market, By Communication, 2018–2028 (USD Million)
Table 87 RoW: V2X Market, By Country, 2018–2028 (Thousand Units)
Table 88 RoW: V2X Market, By Country, 2018–2028 (USD Million)
Table 89 Argentina: Market, By Communication, 2018–2028 (Thousand Units)
Table 90 Argentina: Market, By Communication, 2018–2028 (USD Million)
Table 91 Brazil: Market, By Communication, 2018–2028 (Thousand Units)
Table 92 Brazil: Market, By Communication, 2018–2028 (USD Million)
Table 93 New Product Developments, 2018–2019
Table 94 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2017–2019
Table 95 Expansions, 2017
Table 96 Winners vs Tail-Enders
Table 97 Qualcomm Technologies, Inc.: Product Offerings
Table 98 Qualcomm Technologies, Inc.: New Product Launches/Expansions
Table 99 Qualcomm Technologies, Inc.: Joint Ventures/Partnerships/Collaborations/Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 100 Qualcomm Technologies, Inc.: Qtl (Qualcomm Technology Licensing) Revenue Share Over the Years
Table 101 Continental AG: Product Offerings
Table 102 Continental AG: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 103 Continental AG: Chassis & Safety Revenue Share Over the Years
Table 104 Robert Bosch GmbH: New Product Launches/Expansions
Table 105 Robert Bosch GmbH: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 106 Robert Bosch GmbH: Mobility Solutions Revenue Share Over the Years
Table 107 Autotalks LTD.: Product Offerings
Table 108 Autotalks LTD.: New Product Launches/Expansions
Table 109 Autotalks LTD.: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 110 Delphi Technologies: Product Offerings
Table 111 Delphi Technologies: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 112 Delphi Technologies: Electronics & Electrification Revenue Share Over the Years
Table 113 NXP Semiconductors: Product Offerings
Table 114 NXP Semiconductors: New Product Launches/Expansions
Table 115 NXP Semiconductors: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 116 NXP Semiconductors: Hpms (High Performance Mixed Signal) Revenue Share Over the Years
Table 117 Infineon Technologies AG: Product Offerings
Table 118 Infineon Technologies AG: Joint Ventures/Partnerships/Collaborations/Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 119 Infineon Technologies AG: Automotive Revenue Share Over the Years
Table 120 Denso Corporation: Product Offerings
Table 121 Denso Corporation: New Product Launches/Expansions
Table 122 Denso Corporation: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 123 Denso Corporation: Mobility Solutions Revenue Share Over the Years
Table 124 Stmicroelectronics: Product Offerings
Table 125 Stmicroelectronics: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 126 Stmicroelectronics: Automotive and Discrete Group (ADG) Revenue Share Over the Years
Table 127 Harman International: Product Offerings
Table 128 Harman International: New Product Launches/Expansions
Table 129 Harman International: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 130 Harman International: Harman Revenue Share Over the Years
Table 131 Cohda Wireless: Product Offerings
Table 132 Cohda Wireless: New Product Launches/Expansions
Table 133 Cohda Wireless: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
Table 134 Savari, Inc.: Product Offerings
Table 135 Savari, Inc.: New Product Launches/Expansions
Table 136 Savari, Inc.: Joint Ventures/Partnerships/Collaborations/ Agreements/Supply Contract/Acquisition/Merger/Demonstration
List of Figures (50 Figures)
Figure 1 Automotive V2X: Market Segmentation
Figure 2 Automotive V2X Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Automotive V2X Market: Research Design & Methodology
Figure 6 Automotive V2X Market: Research Methodology Illustration of Delphi Revenue Estimation
Figure 7 Data Triangulation
Figure 8 Automotive V2X Market Overview
Figure 9 Automotive V2X: Market Dynamics
Figure 10 Automotive V2X Market, By Region, 2020–2028
Figure 11 Automotive V2X Market, By Connectivity Type, 2020 vs 2028
Figure 12 Increasing Concern About Vehicle Safety and Pollution Among the Public and Governments to Drive the Automotive V2X Market
Figure 13 Europe is Projected to Be the Largest Automotive V2X Market During the Forecast Period
Figure 14 V2V Communication is Projected to Account for the Largest Share of European Automotive V2X Market in 2028
Figure 15 ICE is Projected to Be the Largest Segment, in Terms of Volume, in Automotive V2X Market in 2028
Figure 16 OBU Segment is Projected to Be the Largest Market, in Terms of Value, in 2028
Figure 17 Passenger Car Segment is Projected to Hold the Largest Share of the Market in 2028
Figure 18 DSRC is Projected to Dominate the V2X Market, in Terms of Volume, in 2028
Figure 19 Automated Driver Assistance Technology is Expected to Lead the V2X Market in 2028
Figure 20 High Speed Data and Performance Level
Figure 21 Value Chain Analysis of Automotive V2X Market
Figure 22 Automotive V2X Market, By Communication, 2020 vs 2028
Figure 23 Automotive V2X Market, By Propulsion, 2020 vs 2028 (Thousand Units)
Figure 24 Automotive V2X Market, By Connectivity, 2020 vs 2028
Figure 25 C-V2X Impact on Driving Experience and Smart Cities Developments
Figure 26 Automotive V2X Market, By Technology, 2020 vs 2028
Figure 27 Automotive V2X Market, By Vehicle, 2020 vs 2028
Figure 28 Automotive V2X Market, By Unit Type, 2020 vs 2028
Figure 29 Automotive V2X Market, By Region, 2020 vs 2028
Figure 30 Asia Pacific: V2X Market Snapshot
Figure 31 Europe: V2X Market, 2020 vs 2028 (USD Million)
Figure 32 North America: V2X Market Snapshot
Figure 33 Automotive V2X Market: Market Ranking 2020
Figure 34 Companies Adopted New Product Development/Partnership/ Agreement/Supply Contract/ Collaboration/Joint Venture as the Key Strategy, 2017-2019
Figure 35 Automotive V2X Solution Providers Market: Competitive Leadership Mapping, 2020
Figure 36 Automotive OEMs in V2X Market: Competitive Leadership Mapping, 2020
Figure 37 Qualcomm Technologies, Inc.: Company Snapshot
Figure 38 Qualcomm Technologies, Inc.: SWOT Analysis
Figure 39 Continental AG: Company Snapshot
Figure 40 Continental AG: SWOT Analysis
Figure 41 Robert Bosch GmbH: Company Snapshot
Figure 42 Robert Bosch GmbH: SWOT Analysis
Figure 43 Autotalks LTD.: SWOT Analysis
Figure 44 Delphi Technologies: Company Snapshot
Figure 45 Delphi Technologies: SWOT Analysis
Figure 46 NXP Semiconductors: Company Snapshot
Figure 47 Infineon Technologies AG: Company Snapshot
Figure 48 Denso Corporation: Company Snapshot
Figure 49 Stmicroelectronics: Company Snapshot
Figure 50 Harman International: Company Snapshot
The study involves four main activities in estimating the current size of the automotive V2X market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size of different segments considered in this study. After that, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
The secondary sources referred to in this research study include automotive industry organizations such as the European Automobile Manufacturers’ Association (ACEA), Electric Vehicle Association of Asia Pacific (EVAAP), OICA (Organisation Internationale des Constructeurs d'Automobiles), corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the automotive V2X market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-side vehicle manufacturers [(in terms of component supply) country-level government associations and trade associations] and supply-side manufacturers (V2X manufacturers and distributors) across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.
After interacting with industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both bottom-up and top-down approaches have been used to estimate and validate the size of the automotive V2X market. In these approaches, vehicle sales statistics for each communication (V2V, V2I, and V2P) at country level have been taken into account.
To determine the size of the automotive V2X market, in terms of volume, passenger car production numbers have been multiplied by country-level penetration of each technology considered in the study. The country-level market size, in terms of volume, of this market, is then multiplied by the average OE Price (AOP) of each system. This provides the country-level market size in terms of value. The summation of the country-level market size gives the regional market size, and further summation of the regional market provides the global market size.
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both the demand and supply sides in the automotive V2X market.
Report Objectives
- To segment the automotive V2X market and forecast the market size, by volume, based on offering—hardware and software.
- To segment the V2X market and forecast the market size, by volume, based on communication—Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure, Vehicle-to-Pedestrian, Vehicle-to-Grid (V2G), Vehicle-to-Cloud (V2C), and Vehicle-to-Device (V2D).
- To segment the market and forecast the market size, by volume and value, based on propulsion—ICE and EV.
- To segment the global market and forecast the market size, by volume, and value, based on connectivity—Cellular and DSRC.
- To segment the automotive V2X market and forecast the market size, by value, based on technology type—automated driver assistance, intelligent traffic system, emergency vehicle notification, passenger information system, fleet & asset management, parking management system, line of sight, non-line of sight, backing, and others.
- To segment the global market and forecast the market size, by volume, based on vehicle type—passenger car and commercial vehicle.
- To segment the V2X market and forecast the market size, by volume, and value, based on unit type—OBU and RSU.
- To segment the automotive V2X market and forecast the market size, by volume, based on region—Asia Pacific, Europe, North America, and the Rest of the World.
- To showcase technological developments impacting the V2X market.
- To analyze the opportunities for stakeholders and the competitive landscape for market leaders.
- To strategically profile key players and comprehensively analyze their respective market share and core competencies.
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, 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.
- Automotive V2X Market, By Connectivity at country level (For countries covered in the report)
- Automotive V2X Market, By Technology at country level (For countries covered in the report)
Company Information
- Profiling of Additional Market Players (Up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Automotive V2X Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in Automotive V2X Market