REPORT HIGHLIGHT
Automotive Vehicle-to-Everything (V2X) Market was valued at USD 6.41 billion by 2019, growing with 24.8% CAGR during the forecast period, 2020-2026
Market Dynamics
Vehicle to everything (V2X) ensures road safety by implementing advanced technology. It works on the concept of an intelligent transport system (ITS) and is being used for managing traffic. This technology allows vehicles to interact with their neighboring vehicle, pedestrian, or even other vehicles which are not in sight.
The tremendous growth in the automobile sector is anticipated to drive the market of V2X in the near future. Automated vehicles running on the road is likely to meet an accident in case they are unable to detect any human-driven vehicle crosses it. The growing need for semi-automated vehicles operated by an advanced driver assistance system along with the rising efforts of manufacturers to come up with autonomous vehicles will drive the market during the forecast period. However, the need for better infrastructure and cost burden on consumers may restrict the market growth in the near future.
Communication Type Takeaway
Based on the communication type, the market is segmented into (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle-To-Home (V2H), Vehicle-To-Grid (V2G), and Vehicle-To-Network (V2N)).
Among these, V2I, V2V, and V2P are expected to grab maximum market share during the forecast period. V2I allows wireless connection for exchanging operational data of infrastructure, and vehicles. Its aim is not only to avoid any mishap but also take care of other safety and environmental concerns. V2V connection enables data exchange among vehicles present in the nearby vicinity. It is most appropriate for short-range networks. Emergency brake light warning, do-not-pass warning, forward collision warning are some of the important functions of V2V. V2P detects the presence of a pedestrian present on-road or nearby area. This system warns the driver regarding pedestrian. In V2P, the hand device is used by the pedestrian, which is just like a smartphone. This device allows data exchange between the pedestrian and vehicle.
Offerings Takeaway
Based on offerings, the industry is segregated into hardware and software. Among this, the software segment is anticipated to show its dominance in the near future. This segment has the potential to grow at a significant rate, and this change in dynamics makes it imperative for business persons to stay ahead with this market change.
Connectivity Type Takeaway
As per connectivity, the industry is divided into Dedicated Short Range Communication (DSRC), and Cellular Connectivity. DSRC is expected to lead the market. The main benefit of DSRC is it improves flexibility and accident avoidance. A car with a DSRC facility can detect pedestrians carrying DSRC-enabled smartphone. It can determine the speed and direction of the pedestrian.
Vehicle Type Takeaway
Based on the vehicle, the market is bifurcated into passenger and commercial vehicles. The rising preference of consumers for passenger vehicles will accelerate this segment at a remarkable rate in the near future. V2X technology enables both passengers and commercial vehicles to interact with each other to avoid road hazards and traffic fatalities.
Application Takeaway
On the basis of application, the industry is categorized into Predictive Maintenance, Intelligent Traffic System, Parking Management, Emergency Vehicle Notification, Automated Driver Assistance, Remote Monitoring, and Fleet and Asset Management.
Automated Driver Assistance is expected to flourish in the near future. This is because of its offerings like obstacle detection, lane change assistance, rollover warning, intersection collision warning, and so on. The popularity of these features is expected to witness the growth of V2X in automated driver assistance.
Regional Takeaway
North America is projected to capture the highest V2X market during the forecast period. The credit of this growth in this region goes to better infrastructure, speeding technological advancement, government policies, and an increase in disposable income. The European countries are estimated to have the second-largest market of V2X. The accelerating popularity of V2X with telematics applications is anticipated to drive the market.
Key-Vendor Takeaway
The leading companies of this industry include Continental AG, HARMAN International, NXP Semiconductors, Delphi Automotive LLP, Cisco Systems, Inc., Qualcomm, Inc., Infineon Technologies AG, Robert Bosch GmbH, Mobileye, and TomTom International B.V.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2014 & 2016
Base Year - 2017
Estimated Year - 2020
Projected Year - 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY MANUFACTURERS
Delphi Automotive LLP
Cisco Systems, Inc.
Qualcomm, Inc.
Infineon Technologies AG
Robert Bosch GmbH
Continental AG
HARMAN International
NXP Semiconductors
Mobileye
TomTom International B.V.
MARKET, BY COMMUNICATION TYPE
Vehicle-To-Vehicle (V2V)
Vehicle-To-Infrastructure (V2I)
Vehicle-To-Pedestrian (V2P)
Vehicle-To-Home (V2H)
Vehicle-To-Grid (V2G)
Vehicle-To-Network (V2N)
MARKET, BY OFFERING
Hardware
Software
MARKET, BY CONNECTIVITY TYPE
Dedicated Short Range Communication
Cellular Connectivity
MARKET, BY VEHICLE TYPE
Passenger Cars
Commercial Vehicles
MARKET, BY APPLICATION
Predictive Maintenance
Remote Monitoring
Parking Management
Fleet and Asset Management
Emergency Vehicle Notification
Intelligent Traffic System
Automated Driver Assistance
Others
MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
TABLE OF CONTENT
1. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET OVERVIEW
- 1.1. Study Scope
- 1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Communication Type
- 2.1.2. Market Snippet by Offering
- 2.1.3. Market Snippet by Connectivity Type
- 2.1.4. Market Snippet by Vehicle Type
- 2.1.5. Market Snippet by Application
- 2.1.6. Market Snippet by Region
- 2.2. Competitive Insights
3. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) KEY MARKET TRENDS
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) INDUSTRY STUDY
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET LANDSCAPE
- 5.1. Market Share Analysis
- 5.2. Key Innovators
- 5.3. Breakdown Data, by Key manufacturer
- 5.3.1. Established Player Analysis
- 5.3.2. Emerging Player Analysis
6. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET - BY COMMUNICATION TYPE
- 6.1. Overview
- 6.1.1. Segment Share Analysis, By Communication Type, 2019 & 2026 (%)
- 6.2. Vehicle-To-Vehicle (V2V)
- 6.2.1. Overview
- 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 6.3. Vehicle-To-Infrastructure (V2I)
- 6.3.1. Overview
- 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 6.4. Vehicle-To-Pedestrian (V2P)
- 6.4.1. Overview
- 6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 6.5. Vehicle-To-Home (V2H)
- 6.5.1. Overview
- 6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 6.6. Vehicle-To-Grid (V2G)
- 6.6.1. Overview
- 6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 6.7. Vehicle-To-Network (V2N)
- 6.7.1. Overview
- 6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET - BY OFFERING
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Offering, 2019 & 2026 (%)
- 7.2. Hardware
- 7.2.1. Overview
- 7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 7.3. Software
- 7.3.1. Overview
- 7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET - BY CONNECTIVITY TYPE
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Connectivity Type, 2019 & 2026 (%)
- 8.2. Dedicated Short Range Communication
- 8.2.1. Overview
- 8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 8.3. Cellular Connectivity
- 8.3.1. Overview
- 8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET - BY VEHICLE TYPE
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Vehicle Type, 2019 & 2026 (%)
- 9.2. Passenger Cars
- 9.2.1. Overview
- 9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 9.3. Commercial Vehicles
- 9.3.1. Overview
- 9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET - BY APPLICATION
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
- 10.2. Predictive Maintenance
- 10.2.1. Overview
- 10.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.3. Remote Monitoring
- 10.3.1. Overview
- 10.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.4. Parking Management
- 10.4.1. Overview
- 10.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.5. Fleet and Asset Management
- 10.5.1. Overview
- 10.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.6. Emergency Vehicle Notification
- 10.6.1. Overview
- 10.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.7. Intelligent Traffic System
- 10.7.1. Overview
- 10.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.8. Automated Driver Assistance
- 10.8.1. Overview
- 10.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 10.9. Others
- 10.9.1. Overview
- 10.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
11. AUTOMOTIVE VEHICLE-TO-EVERYTHING (V2X) MARKET- BY GEOGRAPHY
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
- 11.2. North America
- 11.2.1. Overview
- 11.2.2. Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Communication Type, 2015 - 2026 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Offering, 2015 - 2026 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Connectivity Type, 2015 - 2026 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By Vehicle Type, 2015 - 2026 (US$ Million)
- 11.2.8. North America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
- 11.2.9. U.S.
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.2.10. Canada
- 11.2.10.1. Overview
- 11.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.3. Europe
- 11.3.1. Overview
- 11.3.2. Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Communication Type, 2015 - 2026 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Offering, 2015 - 2026 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Connectivity Type, 2015 - 2026 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By Vehicle Type, 2015 - 2026 (US$ Million)
- 11.3.8. Europe Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
- 11.3.9. Germany
- 11.3.9.1. Overview
- 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.3.10. Italy
- 11.3.10.1. Overview
- 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.3.11. United Kingdom
- 11.3.11.1. Overview
- 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.3.12. France
- 11.3.12.1. Overview
- 11.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.3.13. Rest of Europe
- 11.3.13.1. Overview
- 11.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Communication Type, 2015 - 2026 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Offering, 2015 - 2026 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Connectivity Type, 2015 - 2026 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By Vehicle Type, 2015 - 2026 (US$ Million)
- 11.4.8. Asia Pacific Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
- 11.4.9. India
- 11.4.9.1. Overview
- 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.4.10. China
- 11.4.10.1. Overview
- 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.4.11. Japan
- 11.4.11.1. Overview
- 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.4.12. South Korea
- 11.4.12.1. Overview
- 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.4.13. Rest of APAC
- 11.4.13.1. Overview
- 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Communication Type, 2015 - 2026 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Offering, 2015 - 2026 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Connectivity Type, 2015 - 2026 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By Vehicle Type, 2015 - 2026 (US$ Million)
- 11.5.8. Latin America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
- 11.5.9. Brazil
- 11.5.9.1. Overview
- 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.5.10. Mexico
- 11.5.10.1. Overview
- 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.5.11. Argentina
- 11.5.11.1. Overview
- 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.5.12. Rest of LATAM
- 11.5.12.1. Overview
- 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
- 11.6.4. North America Market Size and Forecast, By Communication Type, 2015 - 2026 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Offering, 2015 - 2026 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Connectivity Type, 2015 - 2026 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By Vehicle Type, 2015 - 2026 (US$ Million)
- 11.6.8. Middle East and Africa Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
- 11.6.9. Saudi Arabia
- 11.6.9.1. Overview
- 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
- 11.6.10. United Arab Emirates
- 11.6.10.1. Overview
- 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
12. KEY VENDOR ANALYSIS
- 12.1. Delphi Automotive LLP
- 12.1.1. Company Snapshot
- 12.1.2. Financial Performance
- 12.1.3. Product Benchmarking
- 12.1.4. Strategic Initiatives
- 12.2. Cisco Systems, Inc.
- 12.3. Qualcomm, Inc.
- 12.4. Infineon Technologies AG
- 12.5. Robert Bosch GmbH
- 12.6. Continental AG
- 12.7. HARMAN International
- 12.8. NXP Semiconductors
- 12.9. Mobileye
- 12.10. TomTom International B.V.
13. 360 DEGREE ANALYSTVIEW
14. APPENDIX
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us
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