Automotive V2X Market

Qualcomm Incorporated (US), Autotalks (Israel) and Harman International (US) are leading players in Automotive V2X Market

The global automotive V2X market is projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%. The demand for automotive Vehicle-to-Everything (V2X) technology is expected to increase significantly, driven by factors such as the growing demand for autonomous vehicles and escalating concerns regarding environmental pollution. The market's expansion is further influenced by the increasing need for connected car technology. Robust governmental support for V2X technology, coupled with advancements in 5G technology, is foreseen to create novel opportunities within this market.

Key players dominating the automotive V2X market include Qualcomm Incorporated (US), Autotalks (Israel), Harman International (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors (Netherlands). These industry leaders engage in developing innovative products, implementing expansion strategies, and fostering collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing automotive V2X market.

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Qualcomm Incorporated stands as a prominent provider of Cellular Vehicle-to-Everything (C-V2X) solutions and is a leading supplier of chip and drive systems. The company operates within four distinct business segments: Handsets, Radio Frequency Front End (RFFE), Automotive, and the Internet of Things (IoT). Its wholly-owned subsidiary, Qualcomm Technologies, Inc., specializes in providing C-V2X chipsets for the Vehicle-to-Everything (V2X) market. This comprehensive V2X solution is meticulously crafted to support both Dedicated Short Range Communications (DSRC) and C-V2X, thereby enhancing cybersecurity measures against potential threats. With a global footprint, Qualcomm Incorporated maintains a presence in 170 offices across 30 countries, including prominent locations such as China, Japan, Mexico, the United States, the United Kingdom, France, South Korea, and India. As of September 2023, the company boasted an employee base of approximately 50,000 individuals engaged in full-time, part-time, and temporary positions.

Autotalks offers a comprehensive global Vehicle-to-Everything (V2X) solution that supports both Cellular Vehicle-to-Everything (C-V2X) and Dedicated Short Range Communications (DSRC). At the core of its portfolio is the V2X System-on-Chip (SOC) named TEKTON3, designed specifically to facilitate various V2X communication protocols, including LTE-V2X, DSRC, 5G-V2X, and DSRC+. Additionally, Autotalks' chipset, CRATON2, incorporates an ultra-low latency V2X Embedded Hardware Security Module (eHSM). CRATON2 supports IEEE 802.11a/b/g/n/ac, enabling external vehicle Wi-Fi for supplementary value-added services. Autotalks also provides a range of hardware components, including SECTON, PLUTON2 RFIC, and PLUTON. PLUTON2 RFIC is a low-power, high-performance, and highly flexible Radio-Frequency Integrated Circuit (RFIC) designed for optimal functionality in RF transmitter/receiver operations. PLUTON serves as an automotive-grade V2X RF Transceiver IC, while SECTON functions as a global V2X hardware solution managing V2X security and computation. The company additionally offers V2X software to optimize the performance of its chipsets.

HARMAN International specializes in delivering Cellular Vehicle-to-Everything (C-V2X) solutions for in-vehicle communication. The company's 5G-V2X technology facilitates low-latency peer-to-peer communications, eliminating reliance on cell towers. The Vehicle-to-Vehicle (V2V) functionality enables the exchange of current vehicle positions and critical traffic alerts in case of an accident. Furthermore, for communication between vehicles and pedestrians, a smartwatch worn by the pedestrian notifies them if a vehicle is approaching rapidly. In February 2021, HARMAN International acquired all assets of Savari, Inc., a Silicon Valley-based automotive technology company specializing in developing 5G Edge and automotive devices for V2X technology. In 2023, HARMAN International obtained approval from the Federal Communications Commission (FCC) as one of the select companies authorized to operate C-V2X technologies both roadside and on-board, specifically within the 5.9 GHz band in the US.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Automotive V2X Market Size,  Share & Growth Report
Report Code
AT 5947
RI Published ON
1/12/2024
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