Automotive V2X Market

Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle Type (Passenger Cars, and Commercial Vehicles), Propulsion (ICE and EV), Unit, Offering, Technology and Region - Global Forecast to 2028

Report Code: AT 5947 Jul, 2022, by marketsandmarkets.com

[286 Pages Report] The global Automotive V2X Market was valued at USD 2.6 billion in 2022 and is expected to reach USD 19.5 billion by 2028 and grow at a CAGR of 39.7% over the forecast period (2022 - 2028).

Factors such as increasing concerns related environmental pollution, along with the increase in demand for connected vehicles will boost the demand for the automotive V2Xs. Increase in developments related to autonomous vehicles, in conjunction with advancements in 5G technology will create new opportunities for this market. Companies operating in the automotive V2X market are focusing on new product development. For instance, in January 2020, Qualcomm Technologies Inc. introduced a new Qualcomm C-V2X reference platform for vehicular and roadside units (RSUs).

Automotive V2X Market

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Market Dynamics:

Developments in Connected Car Technology and Growing Collaborations

The automotive industry is undergoing a drastic shift, and OEMs are increasingly diverting their attention towards advanced mobility such as connected and autonomous cars. In order to remain competitive, global automakers, such as Ford (US), GM (US), Mercedes-Benz (Germany), and Volkswagen (Germany), are increasingly investing in the R&D of hardware, software, and related services to vehicle connectivity and autonomous driving.

In August 2021, Hyundai Motor (South Korea) formed a strategic partnership with Autotalks through a direct investment to accelerate the development and deployment of the next-generation chipset for connected cars. This technology would improve vehicle and road safety and mobility, which is important for autonomous driving. As per Yunseong Hwang (Director of Open Innovation Business Group, Hyundai Motor Company), connectivity is one of the core technologies that can be applied to smart city business models, as well as autonomous driving and infotainment. Hyundai Motor would continue to invest in disruptive technologies that are in line with its current and future strategies. In 2020, General Motors rolled out 5G onboard connectivity on all new Cadillac models. It is expected that most Chevrolet and Buick vehicles will be sold in China by 2022. The 5G service would provide faster internet speeds over the OnStar 4G LTE Wi-Fi that it already offers in its vehicles. These faster upload/download speeds enable over-the-air-updates in more vehicles and help new GM vehicles connect and communicate with other vehicles on the road (vehicle-to-vehicle) as well as the public road infrastructure (vehicle-to-infrastructure). Thus, looking at all the developments and growing collaborations in the V2X ecosystem, the popularity of V2X technology is expected to grow exponentially.

Lack of Infrastructure

High-speed connectivity plays a vital role in the V2X ecosystem. On highways, information such as lane change, object detection, distance between vehicles, traffic status, and services such as navigation and connectivity is very important for vehicles. However, due to limited network connectivity on highways, vehicles are not connected to each other and the cloud. In Mexico, Brazil, and India, the development of connectivity infrastructure on highways is slower than in developed economies. 3G and 4G-LTE communication networks required for connectivity are offered primarily in urban and semi-urban areas. While several third-party logistics companies operate in semi-urban and rural areas, there are low connectivity issues. Therefore, the lack of IT and communication infrastructure in developing regions and lag in government norms can hamper the growth of the automotive V2X market in these countries. Industry players might become subject to country-specific telecom regulations, such as lawful intercept and in-country entity requirements. The interoperability of the various platforms and the cross-border use cases should be regulated. The reliance on data networks raises the question of net neutrality, where internet service providers give some data transmission priority.

In 2020, as per International Telecommunication Union (ITU), globally, there was a gap between the 85% coverage of 4G in urban areas and the inadequate 29% coverage in rural areas. Without universal coverage on roads and highways, the benefits of 5G for motor vehicles would only be realized in urban areas. Furthermore, a lack of 5G coverage in rural areas could seriously hamper mobility business models that rely on effective connectivity. While the geographical distribution has not yet been established, the diversity of use cases envisioned for future 5G networks must be factored in when addressing coverage issues. The high frequencies proposed for 5G would require a large number of relay antennas connected to the network through fiber optic, further increasing the costs involved in achieving rural coverage. All these factors are expected to restrain potential opportunities for the automotive V2X market during the forecast period.

Government support for V2X Technology

Governments of various countries have undertaken various activities related to V2X technology. The US government has recently taken several initiatives to develop V2X technology in 2022. For instance, in 2022, the UK government launched the Vehicle-to-Everything (V2X) Innovation Program to address barriers that enable energy flexibility from bi-directional electric vehicle charging. In addition, the US Department of Transportation (DoT) has undertaken several activities to improve the benefits of using V2X technology. The combination of V2X and in-vehicle sensors can support various innovative applications and the integration of automated vehicles.

The European Union (EU) has also been keen on the implementation of V2X technology. EU has rejected the proposal to mandate the IEEE 802.11p standard for V2X communication proposed by the European Commission. Increased support from the government for the development of V2X technology is expected to drive the market in the coming years.

Vulnerability to Cyberattacks

Cyber threats can directly impact the functionality and integrity of V2X. The source of every message needs to be genuine, and the content of the message should be protected from outside modification and interference. Heterogeneous nodes, intermittent connection, and various speeds can cause cyberattacks, which makes traditional security methods insufficient. OBUs, which offer access to the network, are more vulnerable to cyberattacks and could cause malfunctioning of the V2X.

The use of 5G-V2X could solve the shortcomings of DSRC, 802.11p, and LTE-V2X. Non-Standalone 5G (NS-5G) or Standalone-5G (S5G) mode requires more R&D for its implementation for V2X communication. With S-5G, high protection is available against threats without compromising the ultra-low latency and ultra-high reliability.

5G Automotive Association (5GAA) has an agreement with 8 founding members, including AUDI AG, BMW Group, Daimler AG, Ericsson, Huawei, Intel, Nokia, and Qualcomm Incorporated, to develop a common standard to help improve privacy and security. It specifically targets the 5.9GHz spectrum band for the internet of vehicles.

Cellular segment is estimated to account for the fastest-growing market during the forecast period

Cellular is expected to be the fastest-growing segment by connectivity during the forecast period. Cellular vehicle-to-everything (C-V2X) is one of the advanced technologies that has recently gained global attention owing to superior efficiency and mobility safety. It is an advanced wireless technology that enables vehicles to stay connected on the go and communicate with virtually everything around them, including other vehicles (V2V), pedestrians (V2P), roadside infrastructure (V2I), network (V2N), and cloud (V2C). The key advantages of C-V2X include better security and real-time & low latency communications. The advancements in the 5G technology would improve the speed and quality of transmission. Another key feature of C-V2X is that it supports both short-range and long-range transmission among vehicles and other connected devices. China is constantly focusing on the emerging C-V2X technology. The country expects approximately 50% of new cars to have pre-installed C-V2X by 2025.

On-board Units estimated to be largest market during the forecast period

On-board Units (OBUs is expected to be the largest segment by unit during the forecast period. OBU is a transceiver mounted on the vehicle and capable of functioning as a portable unit. The portable unit is a transmitter in which the radiating structures are present within 20 cm of the user. An OBU is operational Even while the vehicle is mobile or stationary. An OBU is capable of communicating with the RSUs and other OBUs. The OBU receives and contends time to transmit one or more radio frequency channels. OBU offers safety features for V2X, which is the driving factor for the OBU segment in the automotive V2X market during the forecast period.

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

Asia Pacific comprises emerging countries such as China and India and developed countries such as Japan and South Korea. China, India, Japan, and South Korea have been considered under this study, while Taiwan and Australia have been covered qualitatively. In recent years, this region has emerged as a hub for automobile production. The increasing purchasing power of the population and increasing concerns over the environment have triggered the demand for V2X in Asia Pacific. Since South Korea and Japan are among the leaders in electronics, it would enable them to design V2X solutions with better performance at a lesser price. Asia Pacific has a presence of prominent players in the automotive V2X market, such as Denso Corporation (Japan), Mitsubishi Corporation (Japan), Hitachi Solutions, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), and Hyundai Motor Company (South Koreaύ). The presence of these companies is also expected to fuel the Asia Pacific automotive V2X market in the coming years.

Automotive V2X Market  Size, and Share

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Key Market Players

The automotive V2X market is dominated by major players including Qualcomm Incorporated (US), Autotalks (Israel), Continental AG (Germany), Cohda Wireless (Australia), and Robert Bosch GmbH (Germany). These companies offer automotive V2Xs 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 automotive V2X market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2021

Forecast period

2022-2028

Forecast units

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

Segments covered

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

Geographies covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

Denso Corporation (Japan), MAHLE GmbH (Germany), Valeo (France), Hanon Systems (South Korea), and T.RAD Co., Ltd. (Japan).
Total 39 major players across four regions covered

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

Based on Offering:

  • Hardware
  • Software

Based on Offering (Aftermarket):

  • Hardware
  • Software

Based on 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)

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

  • In August 2020, Cohda Wireless announced an advanced C-V2X software development kit. The Cohda C-V2X SDK is a self-contained virtual machine that allows anyone with previous embedded Linux experience to quickly compile and run C-V2X applications paired with C-V2X development platforms, such as those featuring the Qualcomm 9150 C-V2X chipset solution.
  • In January 2020, Qualcomm Technologies Inc. introduced a new Qualcomm C-V2X reference platform for vehicular and roadside units (RSUs). It 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.
  • In July 2019, Cohda Wireless announced a hardware solution for Cellular V2X (C-V2X) applications that accelerated the commercial introduction of C-V2X technology. The MK6C solution features the Qualcomm 9150 C-V2X Platform. It offers high quality and-compatible C-V2X software to support direct communications in support of vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    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
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 5 AUTOMOTIVE V2X MARKET: INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 MARKETS COVERED
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
           TABLE 6 CURRENCY EXCHANGE RATES
    1.5 PACKAGE SIZE
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    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
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 List of primary participants
    2.2 MARKET SIZE ESTIMATION
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 AUTOMOTIVE V2X MARKET SIZE: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH: MARKET
                    FIGURE 8 MARKET: MARKET ESTIMATION NOTES
                    FIGURE 9 MARKET: RESEARCH DESIGN AND METHODOLOGY FOR ICE VEHICLES– DEMAND SIDE
                    FIGURE 10 MARKET: RESEARCH DESIGN AND METHODOLOGY FOR ELECTRIC VEHICLES– DEMAND SIDE
    2.3 DATA TRIANGULATION
           FIGURE 11 DATA TRIANGULATION METHODOLOGY
    2.4 FACTOR ANALYSIS
           FIGURE 12 FACTOR ANALYSIS: AUTOMOTIVE V2X MARKET
           FIGURE 13 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.5 RESEARCH ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 7 C-V2X EQUIPPED VEHICLES LAUNCHED IN CHINA
    FIGURE 14 AUTOMOTIVE V2X MARKET OVERVIEW
    FIGURE 15 MARKET, BY REGION, 2022–2028
    FIGURE 16 MARKET, BY CONNECTIVITY, 2022 VS. 2028
    FIGURE 17 KEY PLAYERS IN MARKET

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE V2X MARKET
           FIGURE 18 INCREASING FOCUS TOWARD AUTONOMOUS MOBILITY AND CONNECTED CAR TECHNOLOGY TO BOOST GROWTH OF MARKET
    4.2 MARKET, BY COMMUNICATION
           FIGURE 19 V2V TO BE DOMINANT SEGMENT OF MARKET (USD MILLION)
    4.3 MARKET, BY CONNECTIVITY
           FIGURE 20 DSRC TO BE LARGER SEGMENT OF MARKET (THOUSAND UNITS)
    4.4 MARKET, BY PROPULSION
           FIGURE 21 INTERNAL COMBUSTION ENGINES TO REMAIN LARGER MARKET SEGMENT (THOUSAND UNITS)
    4.5 AUTOMOTIVE V2X MARKET, BY OFFERING
           FIGURE 22 SOFTWARE TO BE LARGER SEGMENT OF MARKET IN 2022 (USD MILLION)
    4.6 MARKET, BY VEHICLE TYPE
           FIGURE 23 PASSENGER CARS TO HAVE LARGER SHARE OF MARKET, 2022 VS. 2028 (THOUSAND UNITS)
    4.7 MARKET, BY UNIT
           FIGURE 24 ON-BOARD UNITS TO HAVE LARGER SHARE OF MARKET, 2022 VS. 2028 (THOUSAND UNITS)
    4.8 MARKET, BY TECHNOLOGY
           FIGURE 25 AUTOMATED DRIVER ASSISTANCE TO BE LARGEST MARKET SEGMENT, 2022 VS. 2028 (USD MILLION)
    4.9 MARKET, BY REGION
           FIGURE 26 ASIA PACIFIC PROJECTED TO BE LARGEST MARKET FOR AUTOMOTIVE V2X

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
           FIGURE 27 KEY ELEMENTS OF VEHICLE-TO-EVERYTHING (V2X)
           TABLE 8 COMPARISON OF V2X TECHNOLOGIES
    5.2 MARKET DYNAMICS
           FIGURE 28 AUTOMOTIVE V2X MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for fully autonomous driving and safe vehicles
                               TABLE 9 SAFETY FACTS CONCERNING V2X COMMUNICATION
                               FIGURE 29 ROAD TRAFFIC INJURIES FACT
                    5.2.1.2 Concerns over environmental pollution
                               TABLE 10 ENVIRONMENTAL POLLUTION FACTS
                    5.2.1.3 Developments in connected car technology and growing collaborations
                               FIGURE 30 IMPACT OF CONNECTED VEHICLES
           5.2.2 RESTRAINTS
                    5.2.2.1 Latency/reliability challenges
                    5.2.2.2 Lack of infrastructure for proper functioning
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government support for V2X technology
                    5.2.3.2 Advancements in 5G technology
                               FIGURE 31 HIGH-SPEED DATA AND PERFORMANCE LEVEL
                               TABLE 11 SPEED COMPARISON OF VARIOUS NETWORK TYPES
                               TABLE 12 5G-V2X USE CASE PERFORMANCES
                    5.2.3.3 Development in autonomous vehicles
                               FIGURE 32 US L3 AND L4 AUTONOMOUS CAR MARKET, 2018 VS. 2022 VS. 2025 (THOUSAND UNITS)
           5.2.4 CHALLENGES
                    5.2.4.1 Vulnerability to cyberattacks
                               TABLE 13 BASE STANDARDS FOR SECURITY AND PRIVACY DEVELOPED BY EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI)
                               TABLE 14 AUTOMOTIVE V2X MARKET: IMPACT OF MARKET DYNAMICS
    5.3 MARKET SCENARIOS (2022–2028)
           FIGURE 33 MARKET FUTURE TRENDS & SCENARIOS, 2022–2028 (USD MILLION)
           5.3.1 MOST LIKELY SCENARIO
                    TABLE 15 MARKET (MOST LIKELY), BY REGION, 2022–2028 (USD MILLION)
           5.3.2 OPTIMISTIC SCENARIO
                    TABLE 16 MARKET (OPTIMISTIC), BY REGION, 2022–2028 (USD MILLION)
           5.3.3 PESSIMISTIC SCENARIO
                    TABLE 17 MARKET (PESSIMISTIC), BY REGION, 2022–2028 (USD MILLION)
    5.4 MACROECONOMIC INDICATORS
           5.4.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
                    TABLE 18 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES, 2018–2026 (USD BILLION)
           5.4.2 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2021
                    TABLE 19 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2021 (THOUSAND UNITS)
    5.5 TRENDS & DISRUPTIONS IMPACTING MARKET
           FIGURE 34 REVENUE SHIFT DRIVING AUTOMOTIVE V2X MARKET GROWTH

6 INDUSTRY TRENDS (Page No. - 72)
    6.1 INTRODUCTION
    6.2 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 35 PORTER’S FIVE FORCES: AUTOMOTIVE V2X MARKET
           TABLE 20 MARKET: IMPACT OF PORTER’S FIVE FORCES
           6.2.1 THREAT OF SUBSTITUTES
           6.2.2 THREAT OF NEW ENTRANTS
           6.2.3 BARGAINING POWER OF BUYERS
           6.2.4 BARGAINING POWER OF SUPPLIERS
           6.2.5 INTENSITY OF COMPETITIVE RIVALRY
    6.3 AUTOMOTIVE V2X MARKET ECOSYSTEM
           FIGURE 36 MARKET: ECOSYSTEM ANALYSIS
           TABLE 21 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    6.4 VALUE CHAIN ANALYSIS
           FIGURE 37 VALUE CHAIN ANALYSIS OF AUTOMOTIVE V2X MARKET
    6.5 TECHNOLOGICAL ANALYSIS
           TABLE 22 C-V2X TECHNICAL ADVANTAGES OVER IEEE 802.11P (ITS-G5 OR DSRC)
           6.5.1 CELLULAR V2X (C-V2X)
                    TABLE 23 CUMULATIVE GAIN WHILE USING 5G NR (NEW RADIO) C-V2X
                    6.5.1.1 LTE-V2X
                    6.5.1.2 5G-V2X
    6.6 PATENT ANALYSIS
           FIGURE 38 PUBLICATION TRENDS (2015–2021)
           6.6.1 LEGAL STATUS OF PATENTS (2012–2021)
                    FIGURE 39 LEGAL STATUS OF PATENTS FILED FOR AUTOMOTIVE V2X (2012–2021)
           6.6.2 TOP PATENT APPLICANTS (2012–2021)
                    FIGURE 40 AUTOMOTIVE V2X, BY APPLICANT
                    TABLE 24 IMPORTANT PATENT REGISTRATIONS RELATED TO AUTOMOTIVE V2X MARKET
    6.7 CASE STUDY
           6.7.1 PILOT PROJECT ON VIRGINIA SMART ROAD
           6.7.2 VEHICLE POSITIONING ACCURACY IN NEW YORK
           6.7.3 TOWARDS ZERO ROAD SAFETY STRATEGY
           6.7.4 PREPARING ROADS FOR AUTONOMOUS VEHICLES
           6.7.5 PILOT PROJECT ON SAN DIEGO ROADWAYS
    6.8 REGULATORY OVERVIEW
           TABLE 25 REGULATIONS FOR AUTOMOTIVE V2X
           TABLE 26 US AND EU SPECIFICATION STANDARDS

7 AUTOMOTIVE V2X MARKET, BY OFFERING (Page No. - 86)
    7.1 INTRODUCTION
           FIGURE 41 SOFTWARE SEGMENT TO HOLD LARGER MARKET SHARE, BY VALUE, BY 2028 (USD MILLION)
           TABLE 27 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 28 MARKET, BY OFFERING, 2022–2028 (USD MILLION)
           7.1.1 OPERATIONAL DATA
                    TABLE 29 HARDWARE AND SOFTWARE OFFERED BY KEY PLAYERS
           7.1.2 ASSUMPTIONS
                    TABLE 30 ASSUMPTIONS: OFFERING
           7.1.3 RESEARCH METHODOLOGY
    7.2 HARDWARE
           7.2.1 INCREASING FOCUS ON AUTONOMOUS MOBILITY AND ROAD SAFETY
                    TABLE 31 V2X HARDWARE MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 32 V2X HARDWARE MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.3 SOFTWARE
           7.3.1 DEPLOYMENT OF 5G
                    TABLE 33 V2X SOFTWARE MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 34 V2X SOFTWARE MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.4 KEY PRIMARY INSIGHTS

8 AUTOMOTIVE V2X MARKET, BY COMMUNICATION (Page No. - 93)
    8.1 INTRODUCTION
           FIGURE 42 V2G SEGMENT TO HOLD LARGEST MARKET SHARE, BY VALUE, BY 2028 (USD MILLION)
           TABLE 35 AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
           TABLE 36 MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
           TABLE 37 MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
           TABLE 38 MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
           8.1.1 OPERATIONAL DATA
                    TABLE 39 VEHICLES EQUIPPED WITH VARIOUS V2X COMMUNICATIONS
           8.1.2 ASSUMPTIONS
                    TABLE 40 ASSUMPTIONS: BY COMMUNICATION
           8.1.3 RESEARCH METHODOLOGY
    8.2 V2V
           8.2.1 FOCUS ON ROAD SAFETY
                    TABLE 41 V2V MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 42 V2V MARKET, BY REGION, 2022–2028 (THOUSAND UNITS)
                    TABLE 43 V2V MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 44 V2V MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.3 V2I
           8.3.1 IMPROVEMENT IN ROAD INFRASTRUCTURE
                    TABLE 45 V2I MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 46 V2I MARKET, BY REGION, 2022–2028 (THOUSAND UNITS)
                    TABLE 47 V2I MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 V2I MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.4 V2G
           8.4.1 INCREASING SALES OF ELECTRIC VEHICLES
                    TABLE 49 V2G MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 50 V2G MARKET, BY REGION, 2022–2028 (THOUSAND UNITS)
                    TABLE 51 V2G MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 52 V2G MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.5 V2P
           8.5.1 PEDESTRIAN SAFETY CONCERNS
                    TABLE 53 V2P MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 54 V2P MARKET, BY REGION, 2022–2028 (THOUSAND UNITS)
                    TABLE 55 V2P MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 56 V2P MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.6 VEHICLE-TO-CLOUD (V2C)
    8.7 VEHICLE-TO-DEVICE (V2D)
    8.8 KEY PRIMARY INSIGHTS

9 AUTOMOTIVE V2X MARKET, BY PROPULSION (Page No. - 105)
    9.1 INTRODUCTION
           FIGURE 43 AUTOMOTIVE V2X MARKET, BY PROPULSION, 2022 VS. 2028 (THOUSAND UNITS)
           TABLE 57 MARKET SIZE, BY PROPULSION, 2018–2021 (THOUSAND UNITS)
           TABLE 58 MARKET SIZE, BY PROPULSION, 2022–2028 (THOUSAND UNITS)
           9.1.1 OPERATIONAL DATA
                    TABLE 59 CARS EQUIPPED WITH V2X (BY PROPULSION)
           9.1.2 ASSUMPTIONS
                    TABLE 60 ASSUMPTIONS: BY PROPULSION
           9.1.3 RESEARCH METHODOLOGY
    9.2 INTERNAL COMBUSTION ENGINES
           9.2.1 REVIVAL OF ICE VEHICLE PRODUCTION
                    TABLE 61 INTERNAL COMBUSTION ENGINES V2X MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 62 INTERNAL COMBUSTION ENGINES V2X MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
    9.3 ELECTRIC VEHICLES
           9.3.1 GROWING ADOPTION OF ELECTRIC VEHICLES GLOBALLY
                    TABLE 63 ELECTRIC VEHICLES V2X MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
                    TABLE 64 ELECTRIC VEHICLES V2X MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
    9.4 KEY PRIMARY INSIGHTS

10 AUTOMOTIVE V2X MARKET, BY CONNECTIVITY (Page No. - 112)
     10.1 INTRODUCTION
               TABLE 65 DSRC VS. C-V2X, PHYSICAL LAYER MAIN PARAMETERS
               TABLE 66 COMPARISON BETWEEN DSRC AND C-V2X
               FIGURE 44 AUTOMOTIVE V2X MARKET, BY CONNECTIVITY, 2022 VS. 2028 (THOUSAND UNITS)
               TABLE 67 MARKET SIZE, BY CONNECTIVITY, 2018–2021 (THOUSAND UNITS)
               TABLE 68 MARKET SIZE, BY CONNECTIVITY, 2022–2028 (THOUSAND UNITS)
             10.1.1 OPERATIONAL DATA
                       TABLE 69 COMPANIES OFFERING V2X PRODUCTS (BY CONNECTIVITY)
             10.1.2 ASSUMPTIONS
                       TABLE 70 ASSUMPTIONS: BY CONNECTIVITY
             10.1.3 RESEARCH METHODOLOGY
     10.2 DSRC (DEDICATED SHORT-RANGE COMMUNICATIONS)
             10.2.1 EFFECTIVE NON-LINE OF SIGHT AWARENESS
                       TABLE 71 DSRC V2X MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 72 DSRC V2X MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
     10.3 CELLULAR
             10.3.1 ADVENT OF 5G NETWORK
                       FIGURE 45 C-V2X ARCHITECTURE
                       FIGURE 46 C-V2X IMPACT ON DRIVING EXPERIENCE AND SMART CITY DEVELOPMENT
                       FIGURE 47 CELLULAR-V2X SOLUTION FOR CONNECTED VEHICLE CHALLENGES
                       TABLE 73 PERFORMANCE OF DSRC VS. CELLULAR
                       TABLE 74 V2X STANDARDS FOR VARIOUS COMMUNICATION RANGES
                       TABLE 75 CELLULAR MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 76 CELLULAR MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
     10.4 KEY PRIMARY INSIGHTS

11 AUTOMOTIVE V2X MARKET, BY TECHNOLOGY (Page No. - 122)
     11.1 INTRODUCTION
               FIGURE 48 AUTOMATED DRIVER ASSISTANCE SEGMENT TO HOLD LARGEST MARKET SHARE, BY VALUE, BY 2028 (USD MILLION)
               TABLE 77 AUTOMOTIVE V2X MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
               TABLE 78 MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
             11.1.1 OPERATIONAL DATA
                       TABLE 79 VARIOUS V2X TECHNOLOGIES BY COMMUNICATION TYPE
             11.1.2 ASSUMPTIONS
                       TABLE 80 ASSUMPTIONS: BY TECHNOLOGY
             11.1.3 RESEARCH METHODOLOGY
     11.2 V2V
             11.2.1 INCREASING FOCUS ON AUTONOMOUS MOBILITY
             11.2.2 AUTOMATED DRIVER ASSISTANCE
                       TABLE 81 V2V MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                       TABLE 82 V2V MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
     11.3 V2I
             11.3.1 RISING FOCUS ON TRAFFIC CONGESTION
                       TABLE 83 V2I MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                       TABLE 84 V2I MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
             11.3.2 INTELLIGENT TRAFFIC SYSTEMS (ITS)
                       TABLE 85 ITS SERVICES
             11.3.3 EMERGENCY VEHICLE NOTIFICATION
             11.3.4 PASSENGER INFORMATION SYSTEMS
             11.3.5 FLEET AND ASSET MANAGEMENT
             11.3.6 PARKING MANAGEMENT SYSTEMS
     11.4 V2P
             11.4.1 GROWING CONCERNS PERTAINING TO PEDESTRIAN SAFETY
                       TABLE 86 V2P MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                       TABLE 87 V2P MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
             11.4.2 LINE OF SIGHT
             11.4.3 NON-LINE OF SIGHT
                       TABLE 88 RANKING OF STATE PEDESTRIAN FATALITY RATES (2019)
             11.4.4 BACKING
     11.5 KEY INDUSTRY INSIGHTS

12 AUTOMOTIVE V2X MARKET, BY VEHICLE TYPE (Page No. - 133)
     12.1 INTRODUCTION
               TABLE 89 GLOBAL PASSENGER CARS AND COMMERCIAL VEHICLES PRODUCTION DATA, 2021 (THOUSAND UNITS)
               TABLE 90 GLOBAL SALES DATA OF PASSENGER CARS AND COMMERCIAL VEHICLES OVER YEARS (MILLION UNITS)
               FIGURE 49 AUTOMOTIVE V2X MARKET, BY VEHICLE TYPE, 2022 VS. 2028 (THOUSAND UNITS)
               TABLE 91 MARKET SIZE, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
               TABLE 92 MARKET SIZE, BY VEHICLE TYPE, 2022–2028 (THOUSAND UNITS)
               TABLE 93 MARKET SIZE, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
               TABLE 94 MARKET SIZE, BY VEHICLE TYPE, 2022–2028 (USD MILLION)
             12.1.1 OPERATIONAL DATA
                       TABLE 95 PASSENGER CARS EQUIPPED WITH V2X
             12.1.2 ASSUMPTIONS
                       TABLE 96 ASSUMPTIONS: BY VEHICLE TYPE
             12.1.3 RESEARCH METHODOLOGY
     12.2 PASSENGER CARS
             12.2.1 GROWING DEMAND FOR PREMIUM VEHICLES
                       TABLE 97 FATALITIES CAUSED BY PASSENGER CARS
                       TABLE 98 PASSENGER CARS: V2X MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 99 PASSENGER CARS: V2X MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
                       TABLE 100 PASSENGER CARS: V2X MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 101 PASSENGER CARS: V2X MARKET SIZE, BY REGION, 2022–2028 (USD MILLION)
     12.3 COMMERCIAL VEHICLES
             12.3.1 GROWTH FROM STRONG ROAD TRANSPORTATION SECTOR
                       TABLE 102 COMMERCIAL VEHICLES: V2X MARKET SIZE, BY REGION, 2022–2028 (THOUSAND UNITS)
                       TABLE 103 COMMERCIAL VEHICLE V2X MARKET SIZE, BY REGION, 2022–2028 (USD MILLION)
     12.4 KEY PRIMARY INSIGHTS

13 AUTOMOTIVE V2X MARKET, BY UNIT (Page No. - 142)
     13.1 INTRODUCTION
               FIGURE 50 AUTOMOTIVE V2X MARKET, BY UNIT, 2022 VS. 2028 (THOUSAND UNITS)
               TABLE 104 MARKET SIZE, BY UNIT, 2018–2021 (THOUSAND UNITS)
               TABLE 105 MARKET SIZE, BY UNIT, 2022–2028 (THOUSAND UNITS)
               TABLE 106 MARKET SIZE, BY UNIT, 2018–2021 (USD MILLION)
               TABLE 107 MARKET SIZE, BY UNIT, 2022–2028 (USD MILLION)
             13.1.1 OPERATIONAL DATA
                       TABLE 108 COMPANIES OFFERING RSU AND OBU
             13.1.2 ASSUMPTIONS
                       TABLE 109 ASSUMPTIONS: BY UNIT
             13.1.3 RESEARCH METHODOLOGY
     13.2 ON-BOARD UNITS (OBUS)
             13.2.1 DEMAND FOR SAFETY AND V2V COMMUNICATION
     13.3 ROADSIDE UNITS (RSUS)
             13.3.1 SMART CITIES
     13.4 KEY PRIMARY INSIGHTS

14 AUTOMOTIVE V2X AFTERMARKET, BY OFFERING (Page No. - 149)
     14.1 INTRODUCTION
               FIGURE 51 SOFTWARE SEGMENT TO HOLD LARGER MARKET SIZE, BY VALUE BY 2028 (USD MILLION)
               TABLE 110 AUTOMOTIVE V2X AFTERMARKET, BY REGION, 2022–2028 (THOUSAND UNITS)
               TABLE 111 AUTOMOTIVE V2X AFTERMARKET, BY REGION, 2022–2028 (USD MILLION)
               TABLE 112 AUTOMOTIVE V2X AFTERMARKET, BY OFFERING, 2022–2028 (USD MILLION)
             14.1.1 OPERATIONAL DATA
                       TABLE 113 TOP INDUSTRIES FOR V2X MARKET IN NORTH AMERICA
             14.1.2 ASSUMPTIONS
                       TABLE 114 ASSUMPTIONS: OFFERING (AFTERMARKET)
             14.1.3 RESEARCH METHODOLOGY
     14.2 HARDWARE
             14.2.1 INCREASING FOCUS ON INFRASTRUCTURAL ACTIVITIES
                       TABLE 115 V2X HARDWARE AFTERMARKET, BY REGION, 2022–2028 (USD MILLION)
     14.3 SOFTWARE
             14.3.1 ADVENT OF 5G NETWORK TO SUPPORT SEGMENT GROWTH
                       TABLE 116 V2X SOFTWARE AFTERMARKET, BY REGION, 2022–2028 (USD MILLION)
     14.4 SERVICES
             14.4.1 FLEET MANAGEMENT
             14.4.2 AUTOMOTIVE ADVANCED DRIVER-ASSISTANCE SYSTEMS (ADAS)
             14.4.3 TELEMATICS
             14.4.4 CYBERSECURITY
             14.4.5 AUTONOMOUS DRIVING
             14.4.6 CHALLENGES FACED BY FLEET OPERATORS FOR V2X SERVICES
                       14.4.6.1 Hardware and software/firmware design challenge
                       14.4.6.2 Integration of data with existing and past database
                       14.4.6.3 Data privacy and security
                       14.4.6.4 Supporting infrastructure availability
     14.5 KEY PRIMARY INSIGHTS

15 AUTOMOTIVE V2X MARKET, BY REGION (Page No. - 158)
     15.1 INTRODUCTION
               TABLE 117 V2X SHORT-RANGE ENVIRONMENT
               FIGURE 52 AUTOMOTIVE V2X MARKET (ICE), BY REGION, 2022 VS. 2028
               TABLE 118 MARKET (ICE AND EV), BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 119 MARKET (ICE AND EV), BY REGION, 2022–2028 (THOUSAND UNITS)
               TABLE 120 MARKET (ICE AND EV), BY REGION, 2018–2021 (USD MILLION)
               TABLE 121 MARKET (ICE AND EV), BY REGION, 2022–2028 (USD MILLION)
               TABLE 122 MARKET (ICE), BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 123 MARKET (ICE), BY REGION, 2022–2028 (THOUSAND UNITS)
               TABLE 124 MARKET (ICE), BY REGION, 2018–2021 (USD MILLION)
               TABLE 125 MARKET (ICE), BY REGION, 2022–2028 (USD MILLION)
               TABLE 126 MARKET (EV), BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 127 MARKET (EV), BY REGION, 2022–2028 (THOUSAND UNITS)
               TABLE 128 MARKET (EV), BY REGION, 2018–2021 (USD MILLION)
               TABLE 129 MARKET (EV), BY REGION, 2022–2028 (USD MILLION)
     15.2 ASIA PACIFIC
               FIGURE 53 ASIA PACIFIC: AUTOMOTIVE V2X MARKET SNAPSHOT
               TABLE 130 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
               TABLE 131 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2028 (THOUSAND UNITS)
               TABLE 132 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 133 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             15.2.1 CHINA
                       15.2.1.1 Strong government support toward C-V2X technology
                                   TABLE 134 CHINA: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 135 CHINA: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 136 CHINA: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 137 CHINA: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.2.2 JAPAN
                       15.2.2.1 Increased performance and reduced costs of V2X
                                   FIGURE 54 V2X SYSTEMS IN JAPAN
                                   TABLE 138 JAPAN: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 139 JAPAN: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 140 JAPAN: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 141 JAPAN: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.2.3 SOUTH KOREA
                       15.2.3.1 Growing government initiatives toward 5G-V2X
                                   TABLE 142 SOUTH KOREA: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 143 SOUTH KOREA: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 144 SOUTH KOREA: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 145 SOUTH KOREA: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.2.4 INDIA
                       15.2.4.1 Improving infrastructure for installation of RSUs
                                   TABLE 146 INDIA: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 147 INDIA: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.2.5 AUSTRALIA
                       15.2.5.1 Increasing number of tests and trials
             15.2.6 TAIWAN
                       15.2.6.1 Technological advancements and R&D
     15.3 EUROPE
               FIGURE 55 EUROPE: AUTOMOTIVE V2X MARKET, 2022 VS. 2028 (USD MILLION)
               TABLE 148 EUROPE: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
               TABLE 149 EUROPE: MARKET, BY COUNTRY, 2022–2028 (THOUSAND UNITS)
               TABLE 150 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 151 EUROPE: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             15.3.1 GERMANY
                       15.3.1.1 Increase in C-V2X trials and tests
                                   TABLE 152 GERMANY: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 153 GERMANY: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 154 GERMANY: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 155 GERMANY: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.3.2 ITALY
                       15.3.2.1 Testing of V2X for truck platooning
                                   TABLE 156 ITALY: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 157 ITALY: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 158 ITALY: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 159 ITALY: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.3.3 FRANCE
                       15.3.3.1 Government funded projects to drive market
                                   TABLE 160 FRANCE: MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 161 FRANCE: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 162 FRANCE: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 163 FRANCE: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.3.4 UK
                       15.3.4.1 Government initiatives for connected and autonomous vehicles
                                   TABLE 164 UK: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 165 UK: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 166 UK: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 167 UK: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.3.5 SPAIN
                       15.3.5.1 Growing traffic and safety concerns
                                   TABLE 168 SPAIN: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 169 SPAIN: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 170 SPAIN: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 171 SPAIN: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
     15.4 NORTH AMERICA
               FIGURE 56 NORTH AMERICA: AUTOMOTIVE V2X MARKET SNAPSHOT
               TABLE 172 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
               TABLE 173 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (THOUSAND UNITS)
               TABLE 174 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 175 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             15.4.1 US
                       15.4.1.1 High sales of V2V/V2I-enabled cars coupled with trails related to V2X
                                   TABLE 176 US: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 177 US: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 178 US: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 179 US: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.4.2 CANADA
                       15.4.2.1 Entry of more vehicles equipped with V2X
                                   TABLE 180 CANADA: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 181 CANADA: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 182 CANADA: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 183 CANADA: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.4.3 MEXICO
                       15.4.3.1 Improving infrastructure facilities
                                   TABLE 184 MEXICO: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2018–2021 (THOUSAND UNITS)
                                   TABLE 185 MEXICO: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 186 MEXICO: MARKET, BY COMMUNICATION, 2018–2021 (USD MILLION)
                                   TABLE 187 MEXICO: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
     15.5 REST OF THE WORLD
               FIGURE 57 ROW: AUTOMOTIVE V2X MARKET, BY COUNTRY, 2022 VS. 2028 (USD MILLION)
               TABLE 188 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2028 (THOUSAND UNITS)
            TABLE 189 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             15.5.1 ARGENTINA
                       15.5.1.1 Future technological advancements
                                   TABLE 190 ARGENTINA: MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 191 ARGENTINA: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)
             15.5.2 BRAZIL
                       15.5.2.1 Government initiatives to curb pollution and growing vehicle sales
                                   TABLE 192 BRAZIL: AUTOMOTIVE V2X MARKET, BY COMMUNICATION, 2022–2028 (THOUSAND UNITS)
                                   TABLE 193 BRAZIL: MARKET, BY COMMUNICATION, 2022–2028 (USD MILLION)

16 COMPETITIVE LANDSCAPE (Page No. - 198)
     16.1 OVERVIEW
     16.2 MARKET RANKING ANALYSIS
               FIGURE 58 AUTOMOTIVE V2X MARKET: MARKET RANKING, 2021
     16.3 COMPETITIVE SCENARIO
               TABLE 194 NEW PRODUCT LAUNCHES, 2016–2021
             16.3.1 DEALS
                       TABLE 195 DEALS, 2017–2021
             16.3.2 EXPANSIONS
                       TABLE 196 EXPANSIONS, 2017-2019
     16.4 COMPETITIVE LEADERSHIP MAPPING (V2X SOLUTION PROVIDERS)
             16.4.1 STARS
             16.4.2 EMERGING LEADERS
             16.4.3 PERVASIVE PLAYERS
             16.4.4 PARTICIPANTS
                       FIGURE 59 AUTOMOTIVE V2X SOLUTION PROVIDERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     16.5 COMPETITIVE LEADERSHIP MAPPING (OEMS)
             16.5.1 PROGRESSIVE COMPANIES
             16.5.2 RESPONSIVE COMPANIES
             16.5.3 DYNAMIC COMPANIES
             16.5.4 STARTING BLOCKS
                       FIGURE 60 AUTOMOTIVE OEMS IN V2X MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021

17 COMPANY PROFILES (Page No. - 218)
(Business overview, Products/solutions offered, Recent developments & MnM View)*
     17.1 KEY PLAYERS
             17.1.1 QUALCOMM INCORPORATED
                       TABLE 197 QUALCOMM INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 61 QUALCOMM INCORPORATED: COMPANY SNAPSHOT
                       TABLE 198 QUALCOMM INCORPORATED: PRODUCTS OFFERED
                       TABLE 199 QUALCOMM INCORPORATED: NEW PRODUCT DEVELOPMENTS
                       TABLE 200 QUALCOMM INCORPORATED: DEALS
             17.1.2 AUTOTALKS
                       TABLE 201 AUTOTALKS: BUSINESS OVERVIEW
                       TABLE 202 AUTOTALKS: PRODUCTS OFFERED
                       TABLE 203 AUTOTALKS: NEW PRODUCT DEVELOPMENTS
                       TABLE 204 AUTOTALKS: DEALS
                       TABLE 205 AUTOTALKS: OTHERS
             17.1.3 CONTINENTAL AG
                       TABLE 206 CONTINENTAL AG: BUSINESS OVERVIEW
                       FIGURE 62 CONTINENTAL AG: COMPANY SNAPSHOT
                       FIGURE 63 CONTINENTAL AG: BUSINESS LOCATIONS AND EMPLOYEES (2021)
                       TABLE 207 CONTINENTAL AG: PRODUCTS OFFERED
                       TABLE 208 CONTINENTAL AG: KEY CUSTOMERS
                       TABLE 209 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS
                       TABLE 210 CONTINENTAL AG: DEALS
                       TABLE 211 CONTINENTAL AG: OTHERS
                       17.1.4 ROBERT BOSCH GMBH
                       TABLE 212 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
                       FIGURE 64 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                       FIGURE 65 ROBERT BOSCH GMBH: FOCUS AREAS
                       TABLE 213 ROBERT BOSCH GMBH: PRODUCTS OFFERED
                       TABLE 214 ROBERT BOSCH GMBH: KEY CUSTOMERS
                       TABLE 215 ROBERT BOSCH GMBH: SHAREHOLDERS
                       TABLE 216 ROBERT BOSCH GMBH: EMPLOYEE STRENGTH BY REGION
                       TABLE 217 ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS
                       TABLE 218 ROBERT BOSCH GMBH: DEALS
             17.1.5 COHDA WIRELESS
                       TABLE 219 COHDA WIRELESS: BUSINESS OVERVIEW
                       TABLE 220 COHDA WIRELESS: PRODUCTS OFFERED
                       TABLE 221 COHDA WIRELESS: NEW PRODUCT DEVELOPMENTS
                       TABLE 222 COHDA WIRELESS: DEALS
             17.1.6 BORGWARNER INC.
                       TABLE 223 BORGWARNER INC.: BUSINESS OVERVIEW
                       FIGURE 66 BORGWARNER INC.: COMPANY SNAPSHOT
                       TABLE 224 BORGWARNER INC.: PRODUCTS OFFERED
                       TABLE 225 BORGWARNER INC.: KEY CUSTOMERS
                       FIGURE 67 BORGWARNER INC.: CUSTOMER SALES BY REGION
                       TABLE 226 BORGWARNER INC.: DEALS
             17.1.7 NXP SEMICONDUCTORS
                       TABLE 227 NXP SEMICONDUCTORS: BUSINESS OVERVIEW
                       FIGURE 68 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
                       TABLE 228 NXP SEMICONDUCTORS: REVENUE BY END MARKETS (USD MILLION)
                       TABLE 229 NXP SEMICONDUCTORS: PRODUCTS OFFERED
                       TABLE 230 NXP SEMICONDUCTORS: NEW PRODUCT DEVELOPMENTS:
                       TABLE 231 NXP SEMICONDUCTORS: DEALS
             17.1.8 INFINEON TECHNOLOGIES AG
                       TABLE 232 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
                       FIGURE 69 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                       FIGURE 70 INFINEON TECHNOLOGIES AG: REVENUE MIX
                       TABLE 233 INFINEON TECHNOLOGIES AG: KEY CUSTOMERS
                       TABLE 234 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
                       TABLE 235 INFINEON TECHNOLOGIES AG: NEW PRODUCT DEVELOPMENTS
                       TABLE 236 INFINEON TECHNOLOGIES AG: DEALS
             17.1.9 DENSO CORPORATION
                       TABLE 237 DENSO CORPORATION: BUSINESS OVERVIEW
                       FIGURE 71 DENSO CORPORATION: COMPANY SNAPSHOT
                       FIGURE 72 DENSO CORPORATION: SHAREHOLDERS (2020)
                       TABLE 238 DENSO CORPORATION: KEY CUSTOMERS
                       TABLE 239 DENSO CORPORATION: SALES BREAKDOWN BY OEMS
                       TABLE 240 DENSO CORPORATION: PRODUCT OFFERED
                       TABLE 241 DENSO CORPORATION: DEALS
             17.1.10 STMICROELECTRONICS
                       TABLE 242 STMICROELECTRONICS: BUSINESS OVERVIEW
                       FIGURE 73 STMICROELECTRONICS: COMPANY SNAPSHOT
                       TABLE 243 STMICROELECTRONICS: EMPLOYEE STRENGTH BY REGION (2021)
                       TABLE 244 STMICROELECTRONICS: TOTAL REVENUE (%) BY CUSTOMER TYPE
                       TABLE 245 STMICROELECTRONICS: PRODUCT OFFERED
                       TABLE 246 STMICROELECTRONICS: DEALS
             17.1.11 HARMAN INTERNATIONAL
                       TABLE 247 HARMAN INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 248 HARMAN INTERNATIONAL: PRODUCTS OFFERED
                       TABLE 249 HARMAN INTERNATIONAL: NEW PRODUCT DEVELOPMENTS
                       TABLE 250 HARMAN INTERNATIONAL: DEALS
*Details on Business overview, Products/solutions offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     17.2 OTHER KEY PLAYERS
             17.2.1 KAPSCH GROUP
                       TABLE 251 KAPSCH GROUP: BUSINESS OVERVIEW
             17.2.2 MARBEN PRODUCTS
                       TABLE 252 MARBEN PRODUCTS: BUSINESS OVERVIEW
             17.2.3 CAPGEMINI ENGINEERING
                       TABLE 253 CAPGEMINI ENGINEERING: BUSINESS OVERVIEW
             17.2.4 NOKIA
                       TABLE 254 NOKIA: BUSINESS OVERVIEW
             17.2.5 DSPACE GMBH
                       TABLE 255 DSPACE GMBH: BUSINESS OVERVIEW
             17.2.6 FICOSA INTERNACIONAL SA
                       TABLE 256 FICOSA INTERNACIONAL SA: BUSINESS OVERVIEW
             17.2.7 ESCRYPT
                       TABLE 257 ESCRYPT: BUSINESS OVERVIEW
             17.2.8 VECTOR INFORMATIK GMBH
                       TABLE 258 VECTOR INFORMATIK GMBH: BUSINESS OVERVIEW
             17.2.9 VOLKSWAGEN AG
                       TABLE 259 VOLKSWAGEN AG: BUSINESS OVERVIEW
             17.2.10 BMW AG
                       TABLE 260 BMW AG: BUSINESS OVERVIEW
             17.2.11 MERCEDES-BENZ GROUP AG
                       TABLE 261 MERCEDES-BENZ GROUP AG: BUSINESS OVERVIEW
             17.2.12 AUDI AG
                       TABLE 262 AUDI AG: BUSINESS OVERVIEW
             17.2.13 RENAULT GROUP
                       TABLE 263 RENAULT GROUP: BUSINESS OVERVIEW
             17.2.14 MCLAREN GROUP
                       TABLE 264 MCLAREN GROUP: BUSINESS OVERVIEW
             17.2.15 UNEX TECHNOLOGY CORP.
                       TABLE 265 UNEX TECHNOLOGY CORP.: BUSINESS OVERVIEW
             17.2.16 MITSUBISHI CORPORATION
                       TABLE 266 MITSUBISHI CORPORATION: BUSINESS OVERVIEW
             17.2.17 FLEX LTD.
                       TABLE 267 FLEX LTD.: BUSINESS OVERVIEW
             17.2.18 HUAWEI TECHNOLOGIES CO., LTD.
                       TABLE 268 HUAWEI TECHNOLOGIES CO., LTD.: BUSINESS OVERVIEW
             17.2.19 TATA MOTORS
                       TABLE 269 TATA MOTORS: BUSINESS OVERVIEW
             17.2.20 HITACHI SOLUTIONS, LTD.
                       TABLE 270 HITACHI SOLUTIONS, LTD.: BUSINESS OVERVIEW
             17.2.21 HYUNDAI MOTOR COMPANY
                       TABLE 271 HYUNDAI MOTOR COMPANY: BUSINESS OVERVIEW
             17.2.22 NISSAN MOTOR CO., LTD.
                       TABLE 272 NISSAN MOTOR CO., LTD.: BUSINESS OVERVIEW
             17.2.23 LEAR CORPORATION
                       TABLE 273 LEAR CORPORATION: BUSINESS OVERVIEW
             17.2.24 INTEL CORPORATION
                       TABLE 274 INTEL CORPORATION: BUSINESS OVERVIEW
             17.2.25 DANLAW, INC.
                       TABLE 275 DANLAW, INC.: BUSINESS OVERVIEW
             17.2.26 COMMSIGNIA LTD.
                       TABLE 276 COMMSIGNIA LTD.: BUSINESS OVERVIEW
             17.2.27 GENERAL MOTORS
                       TABLE 277 GENERAL MOTORS: BUSINESS OVERVIEW
             17.2.28 FORD MOTOR COMPANY
                       TABLE 278 FORD MOTOR COMPANY: BUSINESS OVERVIEW

18 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 278)
     18.1 EUROPE TO BE SIGNIFICANT MARKET FOR AUTOMOTIVE V2X
     18.2 CELLULAR CONNECTIVITY TO BE KEY FOR V2X COMMUNICATION
     18.3 V2G COMMUNICATION TO EMERGE AS PROMISING SEGMENT
     18.4 CONCLUSION

19 APPENDIX (Page No. - 280)
     19.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
     19.2 DISCUSSION GUIDE
     19.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     19.4 CUSTOMIZATION OPTIONS
     19.5 RELATED REPORTS
     19.6 AUTHOR DETAILS

The study involves 4 main activities to estimate 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. Market breakdown and data triangulation were then used to estimate the market size of the 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.

Breakdown of Primaries

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 and top-down approaches have been used to estimate and validate the size of the automotive V2X market. The bottom-up approach has been followed to calculate the automotive V2X market by communication, vehicle type, and propulsion. The V2X market size, by communication, vehicle type, and propulsion in terms of volume and value, is derived by estimating the penetration of vehicles equipped with V2X technology in the total production of passenger cars in a given country. This gives the volume of the V2X market in a country. The summation of the market size in all countries provides the regional-level market in terms of volume. The market size, by volume, is then multiplied by the average selling price (ASP) of V2X technology to derive the global V2X market by value.

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.

Report Objectives

  • To segment and forecast the automotive vehicle-to-everything (V2X) market size in terms of value (USD million) and volume (thousand units)
  • To define, describe, and forecast the automotive V2X market based on unit, offering, communication, propulsion, connectivity, vehicle type, technology, and region
  • To segment and forecast the market size on the basis of unit (on-board unit and
    roadside unit)
  • To segment and forecast the market size on the basis of offering (hardware and software)
  • To segment and forecast the market size on the basis of communication [Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Grid (V2G), Vehicle-to-Cloud (V2C), and Vehicle-to-Device (V2D)]
  • To segment and forecast the market size on the basis of connectivity [(Dedicated Short-Range Communication (DSRC) and cellular)]
  • To segment and forecast the market size based on vehicle type (passenger cars and commercial vehicles)
  • To segment and forecast the market size based on propulsion (internal combustion engines and electric vehicles)
  • To segment and forecast the market size based on technology (automated driver assistance, intelligent traffic systems, emergency vehicle notification, passenger information systems, fleet and asset management, parking management systems, line of sight, non-line of sight, backing, and others)
  • To segment and forecast the market size based on offering (hardware and software) for aftermarket
  • To forecast the market size with respect to key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze the market with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze the opportunities for stakeholders and the competitive landscape for market leaders
  • 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 accordance 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)
Automotive V2X Market Size,  Share & Growth Report
Report Code
AT 5947
Published ON
Jul, 2022
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