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Home ➤ Automotive and Transportation ➤ Infotainment | Navigation and Telematics ➤ Automotive Vehicle-to-Everything Market
Automotive Vehicle-to-Everything Market
Automotive Vehicle-to-Everything Market
Published date: May 2023 • Formats:
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  • Home ➤ Automotive and Transportation ➤ Infotainment | Navigation and Telematics ➤ Automotive Vehicle-to-Everything Market

Global Automotive Vehicle-to-Everything Market By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Communication Type (Vehicle-To-Network (V2N), Vehicle-To-Vehicle (V2V), Vehicle-To-Pedestrian (V2P),and Others), By Connectivity Type (Cellular Connectivity and DSRC), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: May 2023
  • Report ID: 35961
  • Number of Pages: 219
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • Quick Navigation

    • Automotive Vehicle-to-Everything Market Overview:
    • Global Automotive Vehicle-to-Everything Market Analysis
    • Key Market Segments
    • Market Dynamics
    • Regional Insights
    • Key Regions and Countries covered іn thе rероrt:
    • Market Share & Key Players Analysis:
    • Маrkеt Кеу Рlауеrѕ:

    Automotive Vehicle-to-Everything Market Overview:

    The Automotive Vehicle-to-Everything (V2X) market size global was valued at USD 9,97,932 million in 2021. This market is expected to grow at a compound annual growth rate of 43.8% between 2023-2032.

    It is expected to experience significant growth due to the increase in demand for better traffic management and automobile safety features.

    The automotive industry has seen a lot of growth and momentum. The vehicles are more convenient because they integrate various safety and communication features. In addition, consumer demand has been a catalyst in market growth.

    Global Automotive Vehicle-to-Everything Market Analysis

    Vehicle Type Analysis

    It is predicted that the V2X market for passenger cars will be the largest, as it accounts for the largest proportion of global automobile production in 2021. But, commercial vehicles (CVs), are more in demand than passenger cars. OICA estimates that the rise in construction has prompted an increase in CV sales during the forecast period.

    Additionally, CVs travel longer than passenger cars. Therefore, safety is a major concern in this segment. This market will be driven by the automotive V2X market. Over the forecast period, this segment will see a 35% growth rate.

    automotive vegicle to everything market

    Communication Types Analysis

    There are many communication types that can be used in automotive V2X communications, which are commonly used in active safety features like blind-spot detection, adaptive cruise control, and lane change assistance among others.

    These safety features will be required in the near future due to the increasing stringency of safety regulations. The future market will be dominated by Vehicle-to-Vehicle (V2V). Integration of V2I/V2N communication could help in solving problems like reducing emissions due to traffic and traffic congestion. It would allow the expansion of convenience facilities like automated toll payment, e-parking, and other such services. The above attributes would help accelerate the growth in the automotive V2X market.

    Connectivity Types Analysis

    Currently, the V2X systems used in cars are based upon (DSRC) Dedicated Short Range Connectivity. The DSRC market will grow due to the cost-benefits of DSRC compared to cellular connectivity. The growing popularity of DSRC connectivity among several tier-1 and tier-2 suppliers due to its cost-benefits as well as ease of implementation will increase the market opportunities.

    Cellular connectivity, with its extensive coverage, may seem like a profitable option. However, there are some drawbacks. Cellular connectivity, due to its vast coverage, will take considerable time to deploy. The hardware necessary to fulfill V2X industry requirements is very expensive. This technology holds great potential if there is a safe cellular connection for V2X and a strong deployment strategy.

    Key Market Segments

    By Vehicle Type

    • Passenger Vehicles
    • Commercial Vehicles

    By Communication Type

    • Vehicle-To-Network (V2N)
    • Vehicle-To-Vehicle (V2V)
    • Vehicle-To-Pedestrian (V2P)
    • Vehicle-To-Infrastructure (V2I)
    • Vehicle-To-Grid (V2G)
    • Vehicle-To-Home (V2H)

    By Connectivity Type

    • Cellular Connectivity
    • DSRC

    Market Dynamics

    The Driverless car concept or autonomous car is still in its research phase. Commercialization of the product is likely to take place no sooner than that. The incorporation of V2X communications technologies will enable driverless mobility. Implementation of V2X technologies requires a solid regulatory framework.

    V2X technologies are all about communication between cars. This makes them vulnerable to manipulation, hacking, and other threats. Security of the data communication is vital to the success of the market.

    Due to the increasing disposable income in emerging countries like India and China, the automotive industry is expanding at a steady pace. This has resulted in a rise in automotive sales over the past few years.

    Traffic congestion is caused by an increasing number of passenger vehicles. Traffic congestions cause an increase in fuel consumption which leads to increased emissions and air pollution. The V2X market for automotive will be boosted by the growing demand for real-time traffic alerts and increasing environmental concerns.

    Regional Insights

    The largest market share of 30% in the auto v2x market is expected to be held by North America. This region has technologically advanced nations like Canada and the U.S., which allows for easy technological adoption. Traffic congestion and High greenhouse gas emissions are two of the major issues in this region. V2X systems will improve traffic control and reduce gas emissions. The V2X system will be a key growth driver in the automobile v2x market.

    European vehicle industry regulations are strict in terms of safety and emission. In 2021, the European Environment Agency stated that vehicle emissions continue to be a major contributor to EU greenhouse gases. A growing number of safety standards means that features such as adaptive cruise control and blind-spot detection using V2V communications will be a standard features. This will allow for an increase in the automotive V2X market.

    automotive vehicle to everything market value regional share

    Key Regions and Countries covered іn thе rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    Companies with advanced technological capabilities dominate this market. A company that operates in the automotive V2X industry has a diverse product portfolio and a strong global presence. It is also involved in strategic initiatives to maintain its market share.

    The market’s major players include Continental AG, Delphi Automotive PLC, and Cisco Systems Inc. (U.S.). There are many vendors who offer unique products and services to this market. The partnership will enable the companies to gain a competitive edge in the highly competitive automotive market. SAIC USA (China), which is a subsidiary of SAIC Motor, signed an agreement with Savari Inc.

    vehicle to everything market company share analysis

    Маrkеt Кеу Рlауеrѕ:

    • Continental AG (Germany)
    • Delphi Automotive PLC (U.K.)
    • Qualcomm Inc. (U.S.)
    • AUDI AG
    • Infineon Technologies AG (Germany)
    • Cisco Systems, Inc. (U.S.)
    • IBM Corp.
    • Robert Bosch GmbH
    • Other Key Players

    For the Automotive Vehicle-to-Everything Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    Q: What is the size of the Automotive Vehicle-to-Everything market in 2021?

    A: The Automotive Vehicle-to-Everything market size is estimated to be US$ 9,97,932 million in 2021.

    Q: What is the projected CAGR at which the Automotive Vehicle-to-Everything market is expected to grow at?

    A: The Automotive Vehicle-to-Everything market is expected to grow at a CAGR of 43.8% (2023-2032).

    Q: List the segments encompassed in this report on the Automotive Vehicle-to-Everything market?

    A: Market.US has segmented the Automotive Vehicle-to-Everything market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Vehicle Type, market has been segmented into Passenger Vehicles and Commercial Vehicles. By Communication Type, the market has been further divided into Vehicle-To-Network (V2N), Vehicle-To-Vehicle (V2V), Vehicle-To-Pedestrian (V2P), Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), and Vehicle-To-Home (V2H). By Connectivity Type, market has been segmented into Cellular Connectivity and DSRC.

    Q: List the key industry players of the Automotive Vehicle-to-Everything market?

    A: Continental AG (Germany), Delphi Automotive PLC (U.K.), Qualcomm Inc. (U.S.), AUDI AG, Infineon Technologies AG (Germany), Cisco Systems, Inc. (U.S.), IBM Corp., Robert Bosch GmbH, and Other Key Players are engaged in the Automotive Vehicle-to-Everything market.

    Q: Which region is more appealing for vendors employed in the Automotive Vehicle-to-Everything market?

    A: North America is expected to account for the highest revenue share of 30%. Therefore, the Automotive Vehicle-to-Everything industry in North America is expected to garner significant business opportunities over the forecast period.

    Q: Name the key areas of business for Automotive Vehicle-to-Everything?

    A: The US, China, Japan, India, Brazil, Germany, UK, France, Italy, Spain, etc. are key areas of operation for Automotive Vehicle-to-Everything Market.

    Q: Which segment accounts for the greatest market share in the Automotive Vehicle-to-Everything industry?

    A: With respect to the Automotive Vehicle-to-Everything industry, vendors can expect to leverage greater prospective business opportunities through the passenger cars Automotive Vehicle-to-Everything segment, as this area of interest accounts for the largest market share.

    Automotive Vehicle-to-Everything Market
    Automotive Vehicle-to-Everything Market
    Published date: May 2023
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    • Continental AG (Germany)
    • Delphi Automotive PLC (U.K.)
    • Qualcomm Inc. (U.S.)
    • AUDI AG
    • Infineon Technologies AG (Germany)
    • Cisco Systems, Inc. (U.S.)
    • IBM Corp.
    • Robert Bosch GmbH
    • Other Key Players
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