The global Automotive V2X Market size to reach around US$ 12.93 Bn by 2027 and is anticipated to grow at a CAGR of around 43.7% from 2020 to 2027. The growth of the automotive V2X market is driven by increasing demand for safety features in an automobile along with a better traffic management system.
Precedence Research, Recently Published Report on “ Automotive V2X Market Size, Share, Growth, Trends, Segment Forecasts, Regional Outlook 2020 - 2027”. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
Automotive Vehicle-To-Everything (V2X) is a Wi-Fi derivative based on short-range communications and enables the establishment of radio link between vehicles, even in non-line-of-sight conditions.By sharing datasuch as speed and position to the surrounding infrastructures and vehicles, V2X technology improves driver awareness from upcoming potential dangeras well as dramatically improvesthe collision avoidance, thereby significantly reduces the severity of injury and fatality.
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Growth Factors
Increasing sales of passenger as well as commercial vehicles across the globe contribute significantly to drive the market. Increasing traffic congestion, greenhouse gas emission rising number of accidents have forced governments of various regions to impose stringent safety and emission norms. V2X technology helps driver to improve safety of the vehicle as well as it reduces the greenhouse gas emission from the vehicle, thereby accelerating the demand of the technology in the coming years. Furthermore, the concept of driverless cars and autonomous vehicles are still under their research phase and expected to take years to be commercialized. In addition, V2X technology helps to achieve driverless mobility, thus again propels the growth of the technology over the analysis period. Besides the benefits of V2X technology, they are largely subject to cyber threats such as hacking and manipulation; this hampers the market growth in the near future.
Regional Snapshots
In 2019, North America encountered maximum revenue share in the global automotive V2X market. Presence of technologically advanced countries such as Canada and U.S. along with ease of technology adoption in the region is some of the prime factors that drive the market growth. Furthermore, the region experience high threat from greenhouse emission and traffic congestion that trigger the adoption of various communication technologies within the vehicle to assist driver in different ways while driving. Subsequently, the communication technology enhances the safety of a vehicle, reduces the greenhouse gas, and also reduces the traffic congestion. The aforementioned factors significantly propel the growth of the market in the region.
Report Highlights
- In 2019, North America led the global automotive V2X market with significant revenue share in the year 2019. Ease of technology adoption along with the region being one of the largest markets for automobile are some of the prime factors that drives the growth of the region. In addition, greenhouse emission and traffic congestion are some of the crucial problems that can be overcome significantly with the implementation of V2X systems.
- Europe is the other major region that contributes prominently towards the revenue share. Stringent emissions as well as safety norms in the region are the major factors that drive the regional market. In addition, the region registered prominent growth in battery-powered vehicles that again influence the V2X communication market growth positively over the coming years.
- Based on vehicle type, passenger vehicles accounted for the largest market value share of nearly 75% in the year 2019 and analyzed to continue its dominance during the forecast period. However, increasing demand for commercial vehicles due to boom in the commercial sector flourishes the growth of commercial vehicles in the near future.
- By communication type, Vehicle-To-Vehicle (V2V) projected to dominate the global automotive V2X market during the forecast period. Increasing safety regulations have spur the adoption of various types of communication technologies in a vehicle such as Adaptive Cruise Control (ACC), driver assistance system, lane change assistance, blind spot detection, and many more. This expected to significantly drive the demand for V2V communication.
- Based on connectivity type, Dedicated Short Range Connectivity (DSRC) seeks to capture maximum revenue share in the present as well as during the forecast period. Ease of implementation along with cost benefits of DSRC over the cellular connectivity expected to drive the growth of the segment.
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Key Players & Strategies
The global automotive V2X market is highly competitive with the presence of numerous market leaders with high technological capabilities. These companies have strong global presence, diversified product portfolio, and are involved in various strategic initiatives to hold on to their market share. Continental AG, Delphi Automotive PLC, Qualcomm Inc., Infineon Technologies AG, and Cisco Systems, Inc. are some of the major market players that dominate the market substantially. However, there are numerous vendors operating in the market that offer differentiated services and products. Partnership, Collaboration, product development & enhancement, and merger & Acquisition are the key strategies adopted by the market players to retain their position in the market.
Some of the key players operating in the market are Continental AG, Qualcomm, Inc., Delphi Automotive LLP, NXP Semiconductors, TomTom International B.V., Robert Bosch GmbH, HARMAN International, Cisco Systems, Inc., Mobileye, and Infineon Technologies AGamong others.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Connectivity Type Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive V2X Market, By Communication
7.1. Automotive V2X Market, by Communication Type, 2020-2027
7.1.1. Vehicle-To-Infrastructure (V2I)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Vehicle-To-Grid (V2G)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Vehicle-To-Vehicle (V2V)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Vehicle-To-Home (V2H)
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Vehicle-To-Pedestrian (V2P)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Vehicle-To-Network (V2N)
7.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive V2X Market, By Vehicle
8.1. Automotive V2X Market, by Vehicle, 2020-2027
8.1.1. Commercial Vehicles (CV)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Passenger Cars
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive V2X Market, By Connectivity Type
9.1. Automotive V2X Market, by Connectivity Type, 2020-2027
9.1.1. Cellular Connectivity
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. DSRC
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive V2X Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Communication (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Communication (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Vehicle (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Connectivity Type (2016-2027)
Chapter 11. Company Profiles
11.1. Continental AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Delphi Automotive LLP
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NXP Semiconductors
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TomTom International B.V.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Qualcomm, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Robert Bosch GmbH
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. HARMAN International
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cisco Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mobileye
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Infineon Technologies AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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