Pune, Maharashtra -- (SBWIRE) -- 05/18/2020 -- The main aim of this report is to present various updates and data pertaining to the Automotive V2X Market and also to list out the growth opportunities prevalent for the market expansion. A detailed market synopsis as well as an in-depth market definitions and overview of the market have been provided in the report.
The Global Automotive V2X market is accounted for $341.22 million in 2018 and is expected to reach $8060.79 million by 2027 growing at a CAGR of 42.1% during the forecast period. Some of the key factors propelling the market growth include growing demand for fully autonomous driving and safe vehicles, advancements in 5G technology, increased EV sales, government regulations to curb emissions, and need to reduce traffic congestion. However, latency/reliability challenges are restraining the market growth.
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Automotive vehicle to everything (V2X) is a technology that helps increase road safety by means of advanced technological improvements in automotive electronics. V2X is based on the concept of intelligent transport system (ITS) and helps in efficient traffic management. This technology enables a vehicle to communicate with the neighbouring vehicles, any obstacles such as pedestrian, infrastructure, and even with a vehicle out of sight or any other elements in a traffic-congested area.
By propulsion, internal combustion engine (ICE) segment is projected to grow at the significant rate during the forecast period, due to the fact that V2X directly helps in improving fuel economy, which further helps reduce pollution. The pollution caused by transportation is a major issue faced across the globe. The optimization of traffic by application of the V2X would enable the reduction of fuel consumption. The number of ICE vehicles equipped with V2X is high, and more vehicles are expected to be launched during the forecast period. This would also drive the ICE V2X market.
On the basis of geography, the North American region is expected to have considerable market growth during the forecast period, due to the high sales of vehicles equipped with V2X, such as Cadillac CTS and Mercedes-Benz E-Class in the region, and technological advance countries such as U.S. and Canada which enables ease of technological adoption. The road safety organizations in the region have engaged in various activities to accelerate the innovation on automotive V2X landscape to improve transportation and road safety.
Some of the key players in automotive V2X market include Delphi Technologies, NXP Semiconductors, Qualcomm Technologies, Inc., Continental AG, Nokia, Robert Bosch GmbH, Autotalks LTD., BMW AG, Infineon Technologies AG, Denso Corporation, Mitsubishi Corporation, Stmicroelectronics, Harman International, Hyundai Motor Company, Cohda Wireless, Savari, Inc., Daimler AG, Audi AG, Huawei Technologies Co., LTD., and Tata Motors.
Communications Covered:
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Vehicle-to-Cloud (V2C)
Vehicle-to Device (V2D)
Vehicle-to-Vehicle (V2V)
Vehicle-to-Grid (V2G)
Vehicle-to-Motorist (V2M)
Vehicle-to-Network (V2N)
Vehicle-to-Home (V2H)
Offerings Covered:
Software
Hardware
Services
Connectivities Covered:
Dedicated Short-Range Communications (DSRC)
Cellular-V2X (C-V2X)
Other Connectivities
Propulsions Covered:
Electric Vehicle (EV)
Internal Combustion Engine (ICE)
Vehicle Types Covered:
Commercial Vehicles
Passenger Cars
Sales Channels Covered:
Aftermarket
Original Equipment Manufacturer (OEM)
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Technologies Covered:
Line of Sight
Automated Driver Assistance
Fleet & Asset Management
Parking Management System
Intelligent Traffic System (ITS)
Emergency Vehicle Notification
Passenger Information System
Non-Line of Sight
Backing
Predictive Maintenance
Remote Monitoring and Diagnostics
Analytical Continuation
Commuter Data System
Auto Car Service
Road Safety Service
Unit Types Covered:
Roadside Unit (RSU)
On-Board Unit (OBU)
Regions Covered:
North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK, Spain, Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Some Points of TOC:
Chapter One: Executive Summary
Chapter Two: Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
Chapter Three: Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
Chapter Four: Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
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