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Vehicle-To-Everything (V2X) Communications Market

Vehicle-To-Everything (V2X) Communications Market Size, Share & Trends Analysis Report

Vehicle-To-Everything (V2X) Communications Market By Communication Type (Vehicle To Vehicle (V2V), Vehicle To Infrastructure (V2I), Vehicle To Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle To Home (V2H) Based On Region, And Segment Forecasts, 2022- 2028

Published
Report ID : BMRC 132
Number of pages : 300
Published Date : Nov 2022
Category : Automotive And Transport
Delivery Timeline : 48 hrs

Vehicle-to-Everything (V2X) Communications Market is valued at USD 3.7 Billion in 2021 and expected to reach USD 16.34 Billion by 2028 with a CAGR of 25.31% over the forecast period.

Scope of Market

Today’s Automotive Industry are dramatically changing, triggered by development in emerging Markets, autonomous functionality coupled with advanced connectivity capabilities is enabling new vehicle driving models. Growing rapid adoption of connected car concept is one of the leading factors to the implementation of V2X (Vehicle to Everything) communication platforms in autonomous vehicles manufactured. V2X (Vehicle to Everything) communication allows the vehicle to connect and communicate with road infrastructures, buildings, pedestrians, vehicles, and others to have better understanding and communication of the surrounding and respond accordingly to the extreme cases vehicles and drivers encounter daily. Growing main concern of road safety, high demand for self-driven autonomous vehicles, real-time information demand during mobility are the main key factors driving the V2X communication market during the forecast period. V2X communication also holds a great potential for traffic management and reducing greenhouse gas emissions from vehicles.

The Vehicle-to-Everything (V2X) Communications Market is expected to see significant growth during the forecast period 2022-2028. Some of the major drivers behind the growth will be stringent safety rules & regulations by government bodies, increased demand for connectivity and development of autonomous vehicles.

Global Vehicle-to-Everything (V2X) Communications market report is segmented on the basis of communication type, and by regional & country level. Based upon communication type, global Vehicle-to-Everything (V2X) Communications market is classified as Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones, Vehicle to Home (V2H) and In Vehicle (IN-V).

The regions covered in this Vehicle-to-Everything (V2X) Communications market report are North America, Europe, Asia-Pacific, Latin America and Middle east & Africa. On the basis of country level, a market of Vehicle-to-Everything (V2X) Communications is sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players Analysis

  • General Motors Co
  • Toyota Motor Co
  • Volkswagen AG
  • BMW AG
  • Daimler AG
  • Arada Systems
  • Autotalks Ltd.
  • Cohda Wireless
  • Denso Corporation
  • Delphi Automotive
  • eTrans Systems
  • Kapsch TrafficCom
  • Qualcomm
  • Savari
  • Others

Market Segmentation

By Communication type Analysis

  • Vehicle to Vehicle (V2V)
  • Between Cars
  • Vehicle-to-motorcycle
  • Vehicle to Infrastructure (V2I)
  • Vehicle-to-Grid Communication

By Convenience Services

  • Electronic Toll Collection (ETC)
  • Electronic Parking Payment (EPP)
  • ETC and EPP via DSRC-equipped solutions etc
  • Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones
  • Vehicle to Home (V2H)
  • In Vehicle (IN-V)

By Types of Connectivity

  • Embedded
  • Integrated
  • Tethered Solutions

Market Dynamics

Growing concerns about passenger safety has compelled automobile manufacturers to install the various driver assistance systems and focus on improving the integration of passive safety systems with active safety systems, especially ACC, AEBS, BSD, LDWS, and NVS. ADAS essentially consists of sub-systems and features that work independently or are combined to provide assistance. This assistance is not just restricted to safety; it can also include comfort as well. Growing ADAS market is driving the Vehicle-to-Everything (V2X) Communications Market during the forecast period. Growing Craze and investment of big players are driving the autonomous vehicles demand. Google is leading the race in terms of developing an autonomous vehicle and is expected to commercialize the vehicle by 2021. It is estimated that around 16% of the new vehicles sold in 2030 will be autonomous vehicles. This will fuel the growth of the global automotive V2X market.

Regional Analysis

North America dominates the market with highest market share due to the high adoption by the Americas is attributed to the high preference toward wireless connectivity for safety-related purposes and the rising baby boomer population. Europe constituted the major share, and countries like Germany, France, Italy, Spain, and the UK are the major contributors to the automotive V2X market in Europe. These countries witness high penetration of luxury cars.

Asia Pacific Vehicle-to-Everything (V2X) Communications market is witnessed with strong growth rate due to the growing demand for premium vehicles equipped with connectivity solutions, especially in India and China, is expected to boost the market.

By Region & Country Analysis

North America

  • U. S
  • Canada

Europe

  • U. K.
  • France
  • Germany
  • Italy

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

Latin America

  • Brazil
  • Mexico

Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 3.7 Billion
Base year considered 2021
Forecast Period CAGR %: 25.31%
Market Size Expected in 2028: USD 16.34 Billion
Tables, Charts & Figures: 175
Pages 300
Key Players/Companies General Motors Co, Toyota Motor Co, Volkswagen AG, BMW AG, Daimler AG, Arada Systems, Autotalks Ltd., Cohda Wireless, Denso Corporation, Delphi Automotive, eTrans Systems, Kapsch TrafficCom, Qualcomm, Savari, Others
Segments Covered By Communication type Analysis, By Convenience Services, By Types of Connectivity
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Communication type Analysis

  • Vehicle to Vehicle (V2V)
  • Between Cars
  • Vehicle-to-motorcycle
  • Vehicle to Infrastructure (V2I)
  • Vehicle-to-Grid Communication

By Convenience Services

  • Electronic Toll Collection (ETC)
  • Electronic Parking Payment (EPP)
  • ETC and EPP via DSRC-equipped solutions etc
  • Vehicle to Pedestrian (V2P) / DSRC Equipped Smartphones
  • Vehicle to Home (V2H)
  • In Vehicle (IN-V)

By Types of Connectivity

  • Embedded
  • Integrated
  • Tethered Solutions
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • General Motors Co
  • Toyota Motor Co
  • Volkswagen AG
  • BMW AG
  • Daimler AG
  • Arada Systems
  • Autotalks Ltd.
  • Cohda Wireless
  • Denso Corporation
  • Delphi Automotive
  • eTrans Systems
  • Kapsch TrafficCom
  • Qualcomm
  • Savari
  • Others

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