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Global Vehicle-to-Everything (V2X) Communications System Market Research Report: Forecast (2022-27)

By Vehicle Type (Passenger, Commercial), By Connectivity (Dedicated Short Range Communication (DSRC), Cellular-V2X (C-V2X)), By Technology (Vehicle-to-Vehicle (V2X), Vehicle-to-Inf......rastructure (V2I), Vehicle-to-Pedestrians (V2P), Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)), By Demand Type (OEMs, Aftermarket), By Vehicle Autonomy: (Semi-Autonomous, Autonomous), By Component (Hardware (Onboard Units (OBU), Roadside Units (RSU), Others (Antenna, Evaluation Kits, etc.), and Software (V2X Software Stack, V2X Software Development Kit)), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Lear Corporation, The Kapsch Group, LG Electronics, Denso Corporation, Huawei Corporation Co., Ltd., Neusoft Corporation, Others) Read more

Automotive
Jul 2022
Pages 201
Report Format: PDF, Excel, PPT

Market Definition

Vehicle-to-Everything is a vehicular communication system that securely backs the transfer of information from vehicles to related infrastructure such as parking spaces, traffic lights, and pedestrians, among others, with the intent to improve road safety, energy savings, improve traffic efficiency, etc. The proliferation of autonomous vehicle manufacturing activities across the world & increasing changes in government policies for ADAS deployment in vehicles are the key factors driving the growth of the Global Vehicle-to-Everything Communication System market.

Market Insights

The Global Vehicle-to-Everything (V2X) Communication System Market is projected to grow at a CAGR of around 36.85% during the forecast period, 2022-27. The market growth imputes to the rising mandates of the international & national governments to deploy advanced connected car technologies to enhance traffic efficiency by warning drivers about the traffic & suggesting alternative routes to avoid the collision. According to the World Health Organization, road traffic accidents cause a total of around 1.3 million fatalities globally, with over 20-30 million suffering from non-fatal injuries, with any incurring disabilities as a result of their injuries. This notably increased the demand for the deployment of advanced communication systems in vehicles.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	36.85%
Regions Covered	North America: The US, Canada, Mexico
	South America: Brazil, Rest of Latin America
	Europe: Germany, The UK,Germany, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
	Middle East & Africa: GCC, Turkey, Egypt, South Africa, Rest of Middle East and Africa
Key Companies Profiled	Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Others
Unit Denominations	USD Million/Billion

Furthermore, with the increasing government emphasis on reducing accidents on highways & flyovers, V2X technology has played a key role in providing vehicular data. In order to improve the safety of drivers and improve their awareness of potential hazards, the V2X technology has been integrated into vehicles & helps to share information, including speed, between entities, including traffic operators. Hence, this derived enormous growth opportunities for the V2X market globally.

In 2019, the European Union (EU) announced its confirmation to back the deployment of dedicated short-range communication systems in vehicles all across the EU.

Additionally, with the rising inclination of the government to boost the deployment of connected vehicle technologies in automotive, the demand for V2X communications systems is anticipated to gain significant revenue growth in the forthcoming years.

Key Trend in the Market

Fueling Adoption of Autonomous Vehicles to Provide Lucrative Growth Opportunities for the V2X Market Globally

The rising traction of consumers towards adopting semi-autonomous & fully autonomous vehicles supported by an increase in purchasing power & a boost in government support have escalated the demand for V2X communication systems globally. Autonomous vehicles rely on advanced V2X technologies & systems to collect & share real-time data to verticals such as automotive, banking & insurance, among others, to monetize the vehicle-collected data for future technological developments.

Moreover, the increasing autonomous production activities & boost in R&D activities by the automotive manufacturers such as Ford Motors & Tesla to revolutionize the traditional way of driving would create lucrative growth opportunities for the V2X service providers.

Impact of COVID-19 on the Vehicle-to-Everything (V2X) Market

The COVID-19 pandemic negatively impacted the revenue growth of the Global Vehicle-to-Everything Communication Systems market in 2020. The halt in automotive manufacturing activities, owing to the imposition of government restrictions to temporarily suspend economic activities for curbing the pandemic situation, led to a decline in the demand for V2X communication systems from automotive manufacturing units globally. However, with the opening up of the economic activities in the Q4 of 2020 & an increase in vehicle production activities by prominent players such as Tesla, Ford, Hyundai, BMW, and General Motors, among many others, the V2X market regained its momentum in the market.

Furthermore, the inclination of the governments of the respective countries to curb traffic, reduce CO2 emissions & boost Intelligent Transport Systems has positively contributed to the growth of the Global V2X Communication System market & is anticipated to continue the same trend in the coming years.

Market Segmentation
Introduction
1. Research Process
2. Assumption
3. Market Definition
Executive Summary
Global Vehicle-to-Everything (V2X) Communication System Market, Current Vs. Future Growth Prospects
1. Government Programs
2. Developments in Automotive Industry
Global Vehicle-to-Everything (V2X) Communication System Market Trends & Insights
Global Vehicle-to-Everything (V2X) Communication System Market Dynamics
1. Growth Drivers
2. Challenges
Global Vehicle-to-Everything (V2X) Communication System Market Regulation & Policy
Global Vehicle-to-Everything (V2X) Communication System Market Value Chain Analysis
Global Vehicle-to-Everything (V2X) Communication System Market Hotspot and Opportunities
Global Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
    1. Passenger
    2. Commercial
  2. By Connectivity
    1. Dedicated Short Range Communication (DSRC)
    2. Cellular-V2X (C-V2X)
  3. By Technology
    1. Vehicle-to-Vehicle
    2. Vehicle-to-Infrastructure
      1. Intelligent Traffic System
      2. Emergency Vehicle Notification
      3. Passenger Information System
      4. Fleet & Asset Management
      5. Parking Management System
    3. Vehicle-to-Pedestrians (V2P)
    4. Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)
  4. By Demand Type
    1. OEMs
    2. Aftermarkets
  5. By Vehicle Autonomy
    1. Autonomous
    2. Semi-Autonomous
  6. By Component
    1. Hardware
      1. On-board Units (OBU)
      2. Roadside Units (RSU)
      3. Others (Antenna, Evaluation Kits, etc.)
    2. Software
      1. V2X Software Stack
      2. V2X Software Development Kit
  7. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  8. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
  2. By Connectivity
  3. By Technology
  4. By Demand Type
  5. By Vehicle Autonomy
  6. By Component
  7. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
4. Canada Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
5. Mexico Vehicle-to-Everything (V2X) Communication System Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
South America Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
  2. By Connectivity
  3. By Technology
  4. By Demand Type
  5. By Vehicle Autonomy
  6. By Component
  7. By Country
    1. Brazil
    2. Rest of Latin America
3. Brazil Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
Europe Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
  2. By Connectivity
  3. By Technology
  4. By Demand Type
  5. By Vehicle Autonomy
  6. By Component
  7. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
4. Germany Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
5. France Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
6. Italy Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
7. Spain Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
Middle East & Africa Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
  2. By Connectivity
  3. By Technology
  4. By Demand Type
  5. By Vehicle Autonomy
  6. By Component
  7. By Country
    1. GCC
    2. Turkey
    3. Egypt
    4. South Africa
    5. Rest of Middle East & Africa
3. GCC Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
4. Turkey Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
5. Egypt Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
6. South Africa Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
Asia-Pacific Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
1. Market Size and Analysis
  1. By Revenues in USD Million
2. Market Share and Analysis
  1. By Vehicle Type
  2. By Connectivity
  3. By Technology
  4. By Demand Type
  5. By Vehicle Autonomy
  6. By Component
  7. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Rest of Asia-Pacific
3. China Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
4. Japan Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
5. India Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
6. South Korea Vehicle-to-Everything (V2X) Communication System Market Outlook, 2017- 2027
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Vehicle Type
    2. By Technology
    3. By Demand Type
Global Vehicle-to-Everything (V2X) Communication System Market Key Strategic Imperatives for Success and Growth
Competitive Outlook
1. Competition Matrix
  1. By Application Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target by Applications
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, By Application Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Autotalks Ltd.
  2. Continental AG
  3. HARMAN International
  4. Infineon Technologies AG
  5. NXP Semiconductors
  6. Qualcomm Technologies, Inc.
  7. Robert Bosch GmbH
  8. STMicroelectronics
  9. Cohda Wireless
  10. Lear Corporation
  11. The Kapsch Group
  12. LG Electronics
  13. Denso Corporation
  14. Huawei Corporation Co., Ltd.
  15. Neusoft Corporation
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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