Automotive V2X Market

Automotive V2X Size & Share - Future Growth Expectations

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.

The automotive v2x market is poised for substantial growth in the coming years, driven by several key factors:

  • Advancements in Connectivity Technologies
  • Rising Demand for Connected and Autonomous Vehicles (CAVs)
  • Government Initiatives and Regulatory Support
  • Emergence of Smart Cities and Intelligent Transportation Systems (ITS)
  • Growing Focus on Cybersecurity and Data Privacy
  • Standardization and Interoperability Efforts
  • Technological Innovations and Partnerships
  • Increasing Consumer Awareness and Acceptance

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Advancements in Connectivity Technologies:

  • The nonstop development and boundless reception of cutting edge availability advances, for example, 5G organizations are changing the car business.

Rising Demand for Connected and Autonomous Vehicles (CAVs):

  • The auto business is seeing a critical shift towards associated and independent vehicles (CAVs), driven by the commitment of further developed security, portability, and efficiency.

Government Initiatives and Regulatory Support:

  • State run administrations and administrative bodies overall are perceiving the extraordinary capability of V2X innovation in further developing street wellbeing and lessening gridlock.

Emergence of Smart Cities and Intelligent Transportation Systems (ITS):

  • The advancement of savvy urban areas and insightful transportation frameworks (ITS) is setting out new open doors for V2X innovation to streamline metropolitan versatility and upgrade transportation effectiveness.

Growing Focus on Cybersecurity and Data Privacy:

  • With the rising network of vehicles and foundation, online protection and information security have arisen as basic worries in the car business.

Standardization and Interoperability Efforts:

  • Far reaching normalization endeavors are in progress to lay out normal conventions, connection points, and structures for V2X correspondence.

Technological Innovations and Partnerships:

  • Ceaseless progressions in V2X advancements, including edge figuring, computerized reasoning (simulated intelligence), and sensor combination, are driving development and growing the capacities of V2X frameworks.

Increasing Consumer Awareness and Acceptance:

  • As shoppers become more acquainted with associated vehicle innovations and experience the advantages of V2X-empowered wellbeing highlights, there is developing acknowledgment and interest for V2X-prepared vehicles.

These key factors all in all demonstrate a promising standpoint for the car V2X market, with critical learning experiences expected before very long as V2X innovation turns out to be progressively fundamental to the eventual fate of versatility and transportation.Biomarkers Market Share - Global Industry Landscape

The automotive v2x market is characterized by the presence of several key players competing for market share. Some of the leading companies in the automotive v2x industry include:

  • Qualcomm Technologies, Inc.
  • Continental AG
  • Delphi Technologies
  • Robert Bosch GmbH
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Autotalks Ltd.
  • Cohda Wireless
  • Cisco Systems, Inc.
  • Denso Corporation
These companies are at the forefront of developing V2X communication technologies and solutions, catering to the growing demand for connected and autonomous vehicles and intelligent transportation systems.

Qualcomm Technologies, Inc.:

  • Market Share: High
  • Key Offerings: Qualcomm Snapdragon Automotive Platforms, Cellular Vehicle-to-Everything (C-V2X) solutions, 5G connectivity solutions for automotive, advanced driver assistance systems (ADAS) platforms.
Continental AG:
  • Market Share: Significant
  • Key Offerings: V2X communication modules, vehicle connectivity solutions, Intelligent Transportation Systems (ITS), advanced safety systems, and automotive software platforms.
Delphi Technologies:
  • Market Share: Considerable
  • Key Offerings: V2X communication systems, automotive connectivity solutions, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication modules, connected car platforms.
Robert Bosch GmbH:
  • Market Share: Substantial
  • Key Offerings: V2X communication modules, connectivity control units, automotive radar systems, vehicle safety systems, V2X software platforms.
Infineon Technologies AG:
  • Market Share: Notable
  • Key Offerings: V2X communication chips and modules, automotive microcontrollers, radar sensor solutions, semiconductor components for automotive safety and connectivity.
NXP Semiconductors N.V.:
  • Market Share: Significant
  • Key Offerings: V2X communication processors and transceivers, automotive microcontrollers, secure connectivity solutions, automotive radar systems, and sensor fusion platforms.
Autotalks Ltd.:
  • Market Share: Growing
  • Key Offerings: V2X communication chipsets, C-V2X and DSRC solutions, secure vehicle-to-everything (V2X) communication technologies, software-defined radio (SDR) platforms.
Cohda Wireless:
  • Market Share: Niche
  • Key Offerings: V2X communication modules and software, connected vehicle solutions, V2X software development kits (SDKs), DSRC and C-V2X communication technologies.
Cisco Systems, Inc.:
  • Market Share: Growing
  • Key Offerings: Connected vehicle solutions, V2X communication platforms, networking infrastructure for automotive, cloud-based V2X services, edge computing solutions.
Denso Corporation:
  • Market Share: Significant
  • Key Offerings: V2X communication modules, automotive sensors, vehicle-to-everything (V2X) solutions, advanced driver assistance systems (ADAS), in-vehicle networking technologies.
These companies dominate the automotive V2X market with their comprehensive offerings spanning V2X communication modules, connectivity solutions, advanced safety systems, and software platforms tailored to meet the evolving needs of connected and autonomous vehicles.

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

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

Automotive V2X Market Size,  Share & Growth Report
Report Code
AT 5947
RI Published ON
5/3/2024
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