V2X Market

Robert Bosch (Germany) and Delphi Automotive (UK) are the Leading Players in the V2X Market

V2X is a wireless technology that enables communication between vehicles, infrastructure, and other devices in the vicinity, grid, home, and network. This type of communication enables better traffic management, which leads to reduced congestion on the roads. High energy savings and improvements in location accuracy and positioning are some of the other advantages of this technology. The applications of the automotive V2X technology include intelligent traffic system, collision avoidance, parking management systems, emergency vehicle notification, and other sub-applications. This technology helps the vehicle to receive warnings regarding real-time traffic and alerts related to accidents or other hurdles.

The global V2X market is projected to grow at a CAGR of 17.61% from 2017 to 2025. Asia Pacific and Europe are expected to witness a significant growth of the V2X market during the forecast period. The market growth in these regions can be attributed to the growing demand for passenger safety and increase in consumer purchasing power. North America is estimated to account for the largest share of the V2X market because of developed infrastructure, high income, and favorable policies and regulations by the government. North America is followed by Europe, Asia Pacific, and the Rest of the World (RoW).

The V2X market is dominated by global players and a few regional players. Some of the key market players are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (UK). Continental, one of the leading players in the V2X market, recently launched a new DTCO (Digital Tachograph) configuration app that makes it possible for fleet managers to communicate with the DTCO 3.0 tachograph and configure it on their own, thus saving valuable time.

Qualcomm, headquartered in the US, develops, designs, manufactures, and markets digital telecommunication products and services. It was founded in 1985. The company operates through the following segments-Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. In 2017, Qualcomm Technologies and LG Electronics (LG) announced coordinated efforts to facilitate the testing and adoption of 5G and C-V2X communications into vehicles.

Another key market player is NXP Semiconductors, which provides secure connectivity solutions for embedded applications. The company is currently trying to enhance its product portfolio. The NXP S32 platform is the world's first fully scalable automotive computing architecture. It is expected to be adopted by both premium and volume automotive brands as it offers a unified architecture of microcontrollers/microprocessors (MCU/MPU) and an identical software environment across application platforms. Additionally, NXP SAF5400 is the world’s first automotive qualified, high-performance single-chip DSRC modem. Its unique scalable architecture, new industry-leading security features, and leading edge RFCMOS and software defined radio (SDR) technologies offer OEMs flexible options for cross-regional secure V2X adoption and field upgradeability.

Other major players in the V2X market are focusing on enhancing their product portfolio related to V2X technology to achieve continuous and sustainable growth in the market. Additionally, many players across the automobile ecosystem have acknowledged the importance of passenger safety. These companies have adopted varied strategies of new product development, expansion, supply contracts, joint ventures, and agreements to gain traction in the V2X market for automotive.

Related Reports:

V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Offering Type (Hardware and Software), Connectivity Type (DSRC and Cellular), Propulsion Type (ICE and EV), Technology Type, and Region - Global Forecast to 2025

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Report Code
AT 5947
RI Published ON
2/1/2018
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