Market Study Report LLC has added a new report on Automotive Vehicle to Everything (V2X) Communications Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Automotive Vehicle to Everything (V2X) Communications Market in tandem with its competitive terrain.
Selbyville, DE -- (SBWIRE) -- 06/11/2019 -- V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.
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The continuing push to improve safety while reducing the emissions and energy consumption resulting from transportation is driving the development of a number of crucial technologies, including electrification and automated driving systems. One of the key enabling systems for the success of both is the provision of real-time data to vehicles, drivers, and pedestrians through vehicle-to-external communications (V2X) using dedicated short-range communications (DSRC).
Global demand for new vehicles is projected to continue growing over the next decade, particularly in developing markets where dense urbanization is already causing problems with traffic congestion, accident rates, and air quality. Even before there is significant deployment of automated vehicles, V2X connectivity has the potential alleviate some of these issues. DSRC-based V2X systems are anticipated to be deployed by OEMs beginning in 2016 and see rapid expansion over the next decade. In addition to the embedded OEM systems on new vehicles, aftermarket retrofit systems and new smartphones with DSRC capability are expected to be adopted. According to QY Research, global revenue from sales of OEM and aftermarket V2X Communications is projected to reach more than $1.4 billion by 2021.
It is report that GM will be the first car maker to have a V2X system in a production vehicle, with their CTS Cadillac going into production at the end of 2016. Meanwhile in Europe, the Corridor Project will ensure that there is infrastructure in place for the early adopters. Deployment work is happening in parallel in the both the US and Europe, so it will be difficult to pinpoint exactly who deploys first and even then there will only be months in it.
LTE-V2X is more complex and the market size is smaller than Wi-Fi. Though DSRC?s standard is ready now, but LTE-V2X is a promising evolved technology for V2X services and will further evolve for future V2X. V2X Communications should make sure the communication reliability, safety of the whole and location accuracy. New communications technologies, system software, chips, GPS modules need to improve and develop to make sure the quality of V2X Communications.
Technically there is little difference between DSRC and LTE. The key difference is that the V2X community has already spent a decade developing DSRC ? standards have been published to ensure that all the required functionality is present, large international trials have been conducted to demonstrate that safety benefits can be delivered as predicted , interoperability testing has been undertaken to ensure that equipment from different vendors work with each other, and now certification programs are being developed to ensure that deployments proceed smoothly. Despite the press that LTE has received, it is at the very beginning of all this, and it will take another decade before LTE has reached the same maturity as DSRC for V2X.
On the other hand, LTE is a very mature technology for providing internet connectivity, and is very good at doing this. Modern vehicles will have two systems and LTE-based infotainment sub-system for delivering driver information and entertainment services, and a DSRC-based V2X sub-system for delivering safety. The infotainment sub-system will bebuilt to a price, and the V2X sub-system will be built to a standard.
Key components underscored in the Automotive Vehicle to Everything (V2X) Communications market report:
Consumption growth rate
Value growth rate
Competitive ranking analysis
Market concentration rate analysis
Market concentration ratio
Latent market aspirants
Expounding the regional outlook of the Automotive Vehicle to Everything (V2X) Communications market:
Automotive Vehicle to Everything (V2X) Communications Market Bifurcation: USA, Europe, Japan, China, India, South East Asia.
Insights incorporated in the market study have been framed with respect to the industry indicators:
Consumption statistics pertaining to the specified geographies
Market valuation of each region in the industry
Contribution of each territory in the industry with respect to market share
Consumption market share based on regional contribution
Consumption growth rate over the forecast period across geographies
An exhaustive guideline of the Automotive Vehicle to Everything (V2X) Communications market in terms of the product & application landscape:
Product types: Vehicle-to-vehicle communication (V2V communication), Vehicle-to-Infrastructure (V2I communication) and Vehicle-to-Pedestrian (V2P communication
Top observations included in the report:
Product wise market share estimates
Expected revenue of each product type
Consumption (based on the growth rate and value) of all product types
Selling price of the product
Application segmentation: Road safety service, Automatic parking system, Emergency vehicles and Auto car service
Details highlighted in the report:
Application wise market share apportion
Market valuation estimates of included applications
Consumption market share affecting each application type
Other significant pointers encompassed in the report:
The study unveils the key market propellers that are known for fueling the commercialization landscape of the Automotive Vehicle to Everything (V2X) Communications market.
The report provides an in-depth analysis of these propellers that will persuade the revenue matrix of the Automotive Vehicle to Everything (V2X) Communications market.
The study presents data pertaining to the key challenges deterring market expansion.
The postulated challenges active in the current market setting are anticipated to help new entrants in securing a profitable position in the Automotive Vehicle to Everything (V2X) Communications market.
The report also emphasizes the risks dominating the market space and the abundant growth opportunities presented by the industry.
What does the competitive landscape of the Automotive Vehicle to Everything (V2X) Communications market imply?
Manufacturer base of the industry: Arada Systems, Autotalks Ltd., Cohda Wireless, Delphi Automotive, Denso, eTrans Systems, Kapsch TrafficCom, Qualcomm and Savari Inc
Competitive overview outlined in the report includes:
Sales area and distribution
Product pricing methodology
Market valuation of the particular player
Product sales figures
Besides the abovementioned indicators, the Automotive Vehicle to Everything (V2X) Communications market study also provides vital information pertaining to the market concentration ratio, that would possibly aid proactive competitors in defining the business strategy to outcompete other eminent players partaking in the business sphere.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Automotive Vehicle to Everything (V2X) Communications consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Vehicle to Everything (V2X) Communications market by identifying its various subsegments.
Focuses on the key global Automotive Vehicle to Everything (V2X) Communications manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Vehicle to Everything (V2X) Communications with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Vehicle to Everything (V2X) Communications submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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