Key Highlights
• Vehicle-to-everything (V2X) is a communication technology that enables vehicles to communicate with other vehicles, road users and infrastructure. The main components of V2X include vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), vehicle-to-grid (V2G), vehicle-to-passenger (V2P), vehicle-to-device (V2D) communication, and vehicle-to-cloud (V2C). The automotive industry is thriving on the technological front, enabling vehicles to interact with systems such as traffic signals, pedestrian communication, and other digital devices. These technological advances are forcing automakers to adopt automotive V2X solutions that provide customers with enhanced safety, efficiency and convenience.
• The market size of the worldwide Cellular Vehicle-To-Everything Technology (C-V2X) Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In October 2021, automotive safety technology company Brandmotion LLC forms a partnership with DENSO Products and Services USA to provide a one-stop shop for cities looking to provide V2X technology to their cars.
• Connected cars enable vehicles to communicate with drivers, other vehicles, infrastructure and the cloud via V2X platforms. These services enable car dealerships, fleet operators and drivers to improve resource use, increase safety and work for some drivers, while generating important information, including the functioning of the vehicle and road. Connected cars work by collecting data from their environment and communicating with each other, while connecting to intelligent transportation, providing real-life traffic information for traffic authorities to better manage roads and improve infrastructure planning. Therefore, the increasing demand for connected car services is mainly driven by the increasing demand for essential car connectivity such as live updates, navigation and in-car infotainment. In addition, the growing need for connectivity, the increasing demand for improved driving, and the introduction of the Internet of Things (IoT) in the automotive industry are other factors that enable vehicle connectivity to be used. Thus, the increase in V2X-based services available in connected vehicles is driving the growth of the V2X vehicle market. This V2X link is designed to increase vehicle awareness in areas such as driver assistance, fuel and electricity management, passenger safety and traffic management.
Scope of the Industry Profile
Key Players
• AT&T Inc. (US)
• Autotalks Ltd. (Israel)
• Ficosa Internacional SA (Spain)
• Continental AG (Germany)
• Huawei Technologies Co., Ltd. (China)
• Intel Corporation (US)
• Infineon Technologies AG (Germany)
• Keysight Technologies (US)
• Nokia Corporation (Finland)
• Qualcomm (US)
Segmentation
By Component
• Hardware
• Software
By Type
• Vehicle-to-Person (V2P)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Network (V2N)
• Vehicle-to-Device (V2D)
• Vehicle-to-Vehicle (V2V)
By Application
• Autonomous Driving
• Fleet Management
• Collision Avoidance
• Parking Management System
• Intelligent Traffic System
• Other Applications
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Cellular Vehicle-To-Everything Type (C-V2X) market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Cellular Vehicle-To-Everything Type (C-V2X) market.
3. Leading company profiles reveal details of key Cellular Vehicle-To-Everything Type (C-V2X) market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Cellular Vehicle-To-Everything Type (C-V2X) market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In October 2021, automotive safety technology company Brandmotion LLC forms a partnership with DENSO Products and Services USA to provide a one-stop shop for cities looking to provide V2X technology to their cars.
• In October 2021, infineon Technologies announced the SLS37 V2X Hardware Security Module (HSM) and plug-and-play security solution for V2X communication. The SLS37 V2X HSM is designed with a tamper-proof, secure microcontroller designed for V2X applications in telematics control units.
Segment Insights
By Component
In 2022, the hardware segment will account for the majority of V2X market revenue, with a share of approximately 65-67%. Cellular telematics is a cost-effective and versatile solution that can provide secure short- and long-range connectivity in large areas. It has advanced security features, more capacity and reduces the risk of service interruption. These events will lead to the growth of this segment.
By Type
The V2V segment dominated in 2022 and is expected to be the fastest growing segment in the 2022-2030 forecast period. This is wireless data transfer between moving objects and supporting infrastructure, called vehicle-to-infrastructure (V2I) communication. This includes sensors, lighting, barcodes, lights, RFID readers and cameras. V2I sensors interact with infrastructure devices that can provide drivers with real-time alerts on roads, traffic jams, traffic jams, construction zones and parking lots. Reduced emissions due to increased vehicular and pedestrian traffic and better traffic management are the main drivers driving the global adoption of vehicle-to-infrastructure (V2I) communications. The new urban concept, urbanization and globalization are contributing to the growth of the vehicle-to-infrastructure (V2I) communications industry. Therefore, the increase in V2X applications has a positive effect on the growth of the market.
Regional Insights
The North American Global Cellular Vehicle-To-Everything Type (C-V2X) market has the largest market share. The market is driven by government efforts, the emergence of the IoT and other information, communications and technology, particularly in the automotive industry. The need for smart transportation and environmental user concerns are the main drivers of growth in the automotive V2X market in North America. Investments in new smart city projects and innovations in fleet management across all modes of transport should have a positive impact on the market. Also, the US V2X market holds the largest market, the Canadian V2X market is the largest in the European region, and the Asia-Pacific V2X market is expected to grow at the Fastest YBBO from 2022 to 2030. Technology providers and automotive OEMs are key players in everything from automotive. Japan and China are expected to lead the Asia-Pacific region in terms of technological development. For example, the 20-square-kilometer Internet of Vehicles in Yongchuan District in Chongqing is testing Level 4 autonomous vehicles that can move almost continuously without human control. Also, China's V2X market has the largest market and India's V2X market is the largest in APAC.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 CELLULAR VEHICLE-TO-EVERYTHING
TECHNOLOGY (C-V2X) MARKET OVERVIEW, BY COMPONENT
6.1 Global Market Revenue & Share Analysis, By Component
6.1.1 Hardware
6.1.2 Software
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 CELLULAR VEHICLE-TO-EVERYTHING
TECHNOLOGY (C-V2X) MARKET OVERVIEW, BY TYPE
7.1 Global Market Revenue & Share Analysis, By Type
7.1.1 Vehicle-to-Person (V2P)
7.1.2 Vehicle-to-Infrastructure (V2I)
7.1.3 Vehicle-to-Network (V2N)
7.1.4 Vehicle-to-Device (V2D)
7.1.5 Vehicle-to-Vehicle (V2V)
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 CELLULAR VEHICLE-TO-EVERYTHING
TECHNOLOGY (C-V2X) MARKET OVERVIEW, BY APPLICATION
8.1 Global Market Revenue & Share Analysis, By Application
8.1.1 Autonomous Driving
8.1.2 Fleet Management
8.1.3 Collision Avoidance
8.1.4 Parking Management System
8.1.5 Intelligent Traffic System
8.1.6 Other Applications
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 CELLULAR VEHICLE-TO-EVERYTHING
TECHNOLOGY (C-V2X) MARKET OVERVIEW, BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET ANALYSIS
10.1 North America Market Revenue & Share Analysis, By
Component
10.2 North America Market Revenue & Share Analysis, By Type
10.3 North America Market Revenue & Share Analysis, By
Application
10.4 North America Market Revenue & Share Analysis, By Country
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Component
11.2 Europe Market Revenue & Share Analysis, By Type
11.3 Europe Market Revenue & Share Analysis, By Application
11.4 Europe Market Revenue & Share Analysis, By Country
11.4.1 UK
11.4.2 Italy
11.4.3 Spain
11.4.4 Germany
11.4.5 France
11.4.6 Rest of Europe
11.5 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Component
12.2 APAC Market Revenue & Share Analysis, By Type
12.3 APAC Market Revenue & Share Analysis, By Application
12.4 APAC Market Revenue & Share Analysis, By Country
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Component
13.2 MEA Market Revenue & Share Analysis, By Type
13.3 MEA Market Revenue & Share Analysis, By Application
13.4 MEA Market Revenue & Share Analysis, By Country
13.4.1 GCC
13.4.2 South Africa
13.4.3 Rest of MEA
13.5 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Component
14.2 SA Market Revenue & Share Analysis, By Type
14.3 SA Market Revenue & Share Analysis, By Application
14.4 SA Market Revenue & Share Analysis, By Country
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Rest of SA
14.5 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Product Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 AT&T Inc. (US)
16.2.1.1 Business Overview
16.2.1.2 Applications Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Product Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 Autotalks Ltd. (Israel)
16.2.3 Ficosa Internacional SA (Spain)
16.2.4 Continental AG (Germany)
16.2.5 Huawei Technologies Co., Ltd. (China)
16.2.6 Intel Corporation (US)
16.2.7 Infineon Technologies AG (Germany)
16.2.8 Keysight Technologies (US)
16.2.9 Nokia Corporation (Finland)
16.2.10 Qualcomm (US)
17 DISCLAIMER
18 APPENDIX
