Automotive V2X Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Automotive V2X Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive V2X Market
The automotive V2X market size was valued at USD 628.9 billion in 2021, and the market is now projected to grow from USD 813.9 billion in 2022 to USD 11088.1 billion by 2029, exhibiting a CAGR of 45.2% during the forecast period of 2022-2029.
The future mobility continued to invest in the middle of the pandemic, as a McKinsey report pointed to continued Proof of Concept interest in ACES, meaning autonomous, connected, electric, and shared technologies. These key areas are autonomous driving, connectivity, and electrification. Connectivity applications stimulated about USD 18 billion in spending by integrating vehicle to infrastructure communication (V2I), and vehicle to everything (V2X). We emphasize increasing attention to improving transportation technology based on this trend.
The world health organization’s report published in 2018 reveals that global road accidents claiming the lives of more than 1.3 million people per year involve vehicles. A study undertaken by the Department of Transportation in the United States of America show that V2X technology could help to cut down on road carnage by as much as 80%. V2X improves traffic conditions by identifying and notifying the driver of the presence of an object they cannot normally see; hence may reduce the number of traffic fatalities. The possible application of this technology might bring about major changes in road safety systems across the globe.
C-V2X technology is backed up by several Mobile Equipment Manufacturers, Telecom Operators & Automobile Manufacturers such as Daimler, Ford, Tesla, Audi, Nissan, BMW and more. Ford promised to introduce C-V2X in all new US car model from 2022 and have planned to launch in China in 2021. With more organizations attuning themselves to utilize C-V2X, such as enabling a better-connected and safer environment for vehicles on the roads, this will cause the market for these services to expand too.
Comprehensive Analysis of Automotive V2X Market
The automotive V2X market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by connectivity type analysis, by communication type analysis, by vehicle type analysis, and by unit type analysis. By connectivity type analysis include DSRC and cellular. By communication type analysis include vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and others. By vehicle type analysis include passenger cars and commercial vehicles. By unit type analysis include onboard unit (OBU) and roadside unit (RBU).
The Asia Pacific region lead the automotive V2X market share by benefitting a market size of USD 259.0 billion in 2021 due to its technology development.
The top players have a significant responsibility in the automotives industry for confirming industrial prospectus growth and determining the market trends. These players include, Denso Corporation, Aptiv, Infineon Technologies AG, Continental AG, Qualcomm Technologies, Inc., Autotalks Ltd., Cohda Wireless, Kapsch TrafficCom, Savari Inc., Lear Corporation, LG Electronics, Ford Motor Company, Robert Bosch GmbH, NXP Semiconductors, Harman International these market players provide a level-playing competitive landscape.
In October 2021, Brandmotion LLC announced a collaboration with DENSO Products and Services Americas to provide cities with a one-stop service for equipping vehicles with advanced V2X technology.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Million)
Segmentation By Connectivity Type
DSRC
Cellular
By Communication Type
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Others
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Unit Type
Onboard Unit
Roadside Unit
By Geography
North America (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
U.S. (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Canada (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Mexico (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Europe (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
U.K. (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Germany (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
France (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Rest of Europe (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Asia Pacific (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
China (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Japan (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
India (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
South Korea (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Rest of Asia Pacific (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
Rest of the World (By Connectivity Type, By Communication Type, By Vehicle Type, By Unit Type)
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Table of Contents
165 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships
- 4.2. Porter’s Five Forces Analysis
- 4.3. SWOT Analysis
- 4.4. Technological Developments
- 4.5. Value Chain Analysis
- 4.6. Impact of COVID-19 on Automotive V2X
- 5. Global Automotive V2X Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Connectivity Type
- 5.2.1. DSRC
- 5.2.2. Cellular
- 5.3. Market Analysis, Insights and Forecast – By Communication Type
- 5.3.1. Vehicle-to-Infrastructure (V2I)
- 5.3.2. Vehicle-to-Vehicle (V2V)
- 5.3.3. Vehicle-to-Pedestrian (V2P)
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Commercial Vehicles
- 5.5. Market Analysis, Insights and Forecast – By Unit Type
- 5.5.1. On-Board Unit
- 5.5.2. Roadside Unit
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Rest of The World
- 6. North America Automotive V2X Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Connectivity Type
- 6.2.1. DSRC
- 6.2.2. Cellular
- 6.3. Market Analysis, Insights and Forecast – By Communication Type
- 6.3.1. Vehicle-to-Infrastructure (V2I)
- 6.3.2. Vehicle-to-Vehicle (V2V)
- 6.3.3. Vehicle-to-Pedestrian (V2P)
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Commercial Vehicles
- 6.5. Market Analysis, Insights and Forecast – By Unit Type
- 6.5.1. On-Board Unit
- 6.5.2. Roadside Unit
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. United States
- 6.6.1.1. By Vehicle Type
- 6.6.1.1.1. Passenger Cars
- 6.6.1.1.2. Commercial Vehicles
- 6.6.2. Canada
- 6.6.2.1. By Vehicle Type
- 6.6.2.1.1. Passenger Cars
- 6.6.2.1.2. Commercial Vehicles
- 6.6.3. Mexico
- 6.6.3.1. By Vehicle Type
- 6.6.3.1.1. Passenger Cars
- 6.6.3.1.2. Commercial Vehicles
- 7. Europe Automotive V2X Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Connectivity Type
- 7.2.1. DSRC
- 7.2.2. Cellular
- 7.3. Market Analysis, Insights and Forecast – By Communication Type
- 7.3.1. Vehicle-to-Infrastructure (V2I)
- 7.3.2. Vehicle-to-Vehicle (V2V)
- 7.3.3. Vehicle-to-Pedestrian (V2P)
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Commercial Vehicles
- 7.5. Market Analysis, Insights and Forecast – By Unit Type
- 7.5.1. On-Board Unit
- 7.5.2. Roadside Unit
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. United Kingdom
- 7.6.1.1. By Vehicle Type
- 7.6.1.1.1. Passenger Cars
- 7.6.1.1.2. Commercial Vehicles
- 7.6.2. Germany
- 7.6.2.1. By Vehicle Type
- 7.6.2.1.1. Passenger Cars
- 7.6.2.1.2. Commercial Vehicles
- 7.6.3. France
- 7.6.3.1. By Vehicle Type
- 7.6.3.1.1. Passenger Cars
- 7.6.3.1.2. Commercial Vehicles
- 7.6.4. Rest of Europe
- 7.6.4.1. By Vehicle Type
- 7.6.4.1.1. Passenger Cars
- 7.6.4.1.2. Commercial Vehicles
- 8. Asia Pacific Automotive V2X Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Connectivity Type
- 8.2.1. DSRC
- 8.2.2. Cellular
- 8.3. Market Analysis, Insights and Forecast – By Communication Type
- 8.3.1. Vehicle-to-Infrastructure (V2I)
- 8.3.2. Vehicle-to-Vehicle (V2V)
- 8.3.3. Vehicle-to-Pedestrian (V2P)
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Commercial Vehicles
- 8.5. Market Analysis, Insights and Forecast – By Unit Type
- 8.5.1. On-Board Unit
- 8.5.2. Roadside Unit
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.1.1. By Vehicle Type
- 8.6.1.1.1. Passenger Cars
- 8.6.1.1.2. Commercial Vehicles
- 8.6.2. India
- 8.6.2.1. By Vehicle Type
- 8.6.2.1.1. Passenger Cars
- 8.6.2.1.2. Commercial Vehicles
- 8.6.3. Japan
- 8.6.3.1. By Vehicle Type
- 8.6.3.1.1. Passenger Cars
- 8.6.3.1.2. Commercial Vehicles
- 8.6.4. South Korea
- 8.6.4.1. By Vehicle Type
- 8.6.4.1.1. Passenger Cars
- 8.6.4.1.2. Commercial Vehicles
- 8.6.5. Rest of Asia Pacific
- 8.6.5.1. By Vehicle Type
- 8.6.5.1.1. Passenger Cars
- 8.6.5.1.2. Commercial Vehicles
- 9. Rest of The World Automotive V2X Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Connectivity Type
- 9.2.1. DSRC
- 9.2.2. Cellular
- 9.3. Market Analysis, Insights and Forecast – By Communication Type
- 9.3.1. Vehicle-to-Infrastructure (V2I)
- 9.3.2. Vehicle-to-Vehicle (V2V)
- 9.3.3. Vehicle-to-Pedestrian (V2P)
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.4.1. Passenger Cars
- 9.4.2. Commercial Vehicles
- 9.5. Market Analysis, Insights and Forecast – By Unit Type
- 9.5.1. On-Board Unit
- 9.5.2. Roadside Unit
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Ranking Analysis (2021)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. DENSO CORPORATION
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Aptiv
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Infineon Technologies AG
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Continental AG
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Qualcomm Technologies, Inc.
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Autotalks Ltd.
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Cohda Wireless
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. Kapsch TrafficCom AG
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Savari Inc.
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Lear Corporation
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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