Market Leader - Automotive V2X Market
The global automotive V2X market is projected to grow from USD 2.6 billion in 2022 to USD 19.5 billion by 2028, at a CAGR of 39.7%. Parameters such as increasing demand for autonomous vehicles, coupled with rising concerns over environmental pollution will boost the demand for the automotive V2X technology.
The growth of the market is influenced by the rising demand for connected car technology. Strong government support for V2X technology in conjunction with advancement in 5G technology are anticipated to create new opportunities for this market. The automotive V2X market is dominated by key players including Qualcomm Incorporated (US), Autotalks (Israel), Continental AG (Germany), Cohda Wireless (Australia), and Robert Bosch GmbH (Germany). These companies develop new products, adopt expansion strategies, and establish collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth automotive V2X market.
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Qualcomm Incorporated is a V2X solution provider and a leading wireless technology innovator. It operates in 4 business segments: QCT, QTL, QSI, and reconciling items. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, offers C-V2X (cellular vehicle-to-everything) chipsets for the V2X market under the QCT business segment. The V2X solution offered by the company works for both Dedicated Short Range Communications (DSRC) and C-V2X, enhancing security against cyber threats. Qualcomm Incorporated has 170 offices spread across 30 countries such as China, Japan, Mexico, US, UK, France, South Korea, India, etc. In September 2021, the company had 45,000 full-time, part-time, and temporary employees.
Autotalks offers a global V2X solution that supports both C-V2X and DSRC. The chipset offered is called CRATON2 and has ultra-low latency V2X embedded hardware security module (eHSM). CRATON2 supports IEEE 802.11a/b/g/n/ac, which enables external vehicle Wi-Fi for additional value-added services. In addition to the chipset, Autotalks offers various other hardware components such as SECTON, PLUTON2 RFIC, and PLUTON. PLUTON2 RFIC is a low power, high performance, and highly flexible RFIC that provides optimal RF transmitter/receiver functionality. PLUTON is an automotive-grade V2X RF Transceiver IC, and SECTON is global V2X hardware that handles V2X security and computation. The company has been making efforts to accelerate the global deployment of V2V to improve road safety.
Continental AG is a V2X solution provider which offers a Hybrid V2X solution that can support both DSRC and cellular connectivity for V2X applications. The company uses the same hardware and software platform to support communication standards. This helps reduce the complexity and cost of the application of V2X communication technology. The company has 190,875 employees working across business areas such as production, R&D, and administration (as of December 31, 2021). It invested approximately USD 3 billion in R&D in 2021, which accounted for approximately 8% of its total revenue.
Robert Bosch GmbH operates through 4 major segments, namely, mobility solutions, industrial technology, consumer goods, and energy and building technology. As of December 31, 2021, it had around 402,600 employees. The company is present in nearly 128 engineering locations worldwide. Across these locations, Bosch employs about 76,100 associates in research and development activities. Robert Bosch GmbH offers a hybrid V2X connectivity control unit (CCU) with telematics data sharing capabilities and V2X. The V2X product can switch communication channels such as C-V2X, DSRC, LTE, and Wi-Fi.
Cohda Wireless specializes in vehicle-to-vehicle, vehicle-to-infrastructure, connected vehicle, automotive safety, autonomous driving, ADAS, and V2X, among others. Approximately 60% of the worldwide V2X trials use Cohda Wireless technology. The company has strong strategic investors, including Cisco Systems, Inc. (US), NXP Semiconductors (Netherlands), SciVentures Investments Pty. Ltd. (Australia), Epicorp (US), Mooroolbark Technology Pty Ltd (Australia), and UNISA Ventures (Australia). Cohda Wireless offers products such as Roadside Unit (RSU), On-Board Unit (OBU), and V2X Stack.
Related Reports:
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
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