Global Automotive V2X Market 2021-2026

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    GLOBAL AUTOMOTIVE V2X MARKET

     

    INTRODUCTION

    V2X is an abbreviation for Vehicle-to-Everything, or vehicle-to-X, and relates to the transmission of data from an automobile to any element that may impact the automobile, and vice – versa.

     

    To standardise V2X communication, the automobile sector has collaborated with regulatory agencies. The goal is for all participants to be able to manage interoperability between car manufacturers and road systems in order to obtain standardised communications. Most authorities see V2X technology as a major component in minimising traffic deaths.

     

    As a consequence, they are pressuring the industry to reduce the technology’s adoption timeline. Vehicle to Everything (V2X) is a connected vehicle system that enables knowledge to be sent from a vehicle to moving sections of the transport network that may impact the automobile.

     

    The primary goal of V2X technology is to increase road safety, efficiency improvements, and transportation effectiveness.

     

    According to the US National Highway Traffic Safety Administration (NHTSA), the introduction of V2X technologies will lead to a reduction in car accidents across the country.

     

    infographic: Automotive V2X Market, Automotive V2X Market Size, Automotive V2X Market Trends, Automotive V2X Market Forecast, Automotive V2X Market Risks, Automotive V2X Market Report, Automotive V2X Market Share

     

    The knowledge from the sensor devices as well as other resources passes across high-bandwidth, high-reliability links in a V2X communication system, enabling it to interact with other automobiles, structures also including parking spots and traffic signals, and mobile phone people. ​

     

    V2V (vehicle-to-vehicle) and V2I (vehicle-to-infrastructure) are two major components of V2X technology (vehicle-to-infrastructure).

     

    Vehicle-to-vehicle communication (V2V) enables cars to interact with other vehicular traffic, whereas vehicle-to-infrastructure communication (V2I) permits vehicles are equipped with external systems such as signalized intersections, parking areas, bicycles, and passengers. ​

     

     

    GLOBAL AUTOMOTIVE V2X MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 5GAA shares latest C-V2X developments at ITS World Congress 5 G technology automobiles are expected to join the market in Europe this year. Vehicle-to-everything (V2X) application scenarios targeted at increased road safety, efficient traffic management, a cleaner environmental consequences, and more pleasant driving are being used on a significant scale across the worldwide. Global Scale This would enhance better Technologies and production

     

    GLOBAL AUTOMOTIVE V2X MARKET DYNAMICS

    When V2X modules are designed with regular automobiles, drivers can get essential information such as weather patterns, local accidents, traffic conditions, road work warnings, emergency responders coming, and the actions of other drivers on the very same route.

     

    Autonomous vehicles outfitted with V2X systems may send more knowledge to the car’s existing guidance system. The technologies also allow autonomous cars to monitor their surroundings and make instantaneous judgments depending on the info they collect. ​

     

    Associated with increasing usage of connected vehicles and rising urbanisation and industrialisation are likely to fuel market expansion.

     

    However, the high cost of installation and security issues around data transfer stifle expansion. On the contrast, the future potential of 5G and AI technology, together with breakthroughs in cellular-V2X (C-V2X) technology and advancements in semi-autonomous or autonomous vehicles, is likely to provide lucrative prospects.

     

    Infographic: Global Automotive V2X Market, Global Automotive V2X Market Size, Global Automotive V2X Market Trends,  Global Automotive V2X Market Forecast,  Global Automotive V2X Market Risks, Global Automotive V2X Market Report, Global Automotive V2X Market Share

     

    Connected cars collect information from the environment and communicate it to one another, as well as connect to sophisticated transportation systems and offer real-time traffic data to transportation authorities for better street administration and infrastructure investment.

     

    Thus, the need for connected vehicle services increased, owing mostly to an increase in the consumption for basic vehicle connection services such as real-time information, navigation, as well as in entertainment.

     

    GLOBAL AUTOMOTIVE V2X MARKET RECENT ACQUISITION

    Harman International has acquired Savari, Inc, a Silicon Valley-based automotive technology firm that develops vehicle-to-everything communications (V2X) technologies for 5G Edge and automotive devices.  Harman’s automotive telematics and advanced driving assistance systems (ADAS) capabilities will be enhanced by Savari’s software and hardware technologies, as well as the company’s competencies in 5G Edge, multi-access edge computing (MEC), and smart infrastructure solutions.

     

    Sensor technology is a critical component in the advancement of advanced mobility and automated driving in the future. Sensors, 5G connection, edge computing, and other software and hardware components are required for the integration of connected cars, cities, and devices.

     

    Sensor technology is a critical component in the advancement of advanced mobility and automated driving in the future. Sensors, 5G connection, edge computing, and other software and hardware components are required for the integration of connected cars, cities, and devices.

     

    After the purchase closes, the Savari personnel will join Harman’s automotive division, which is a tier-one automotive supplier for connected car, car audio, and linked vehicle services.

     

    Harman is the world’s leading connected technologies and automotive mobility company, with the brand strength, scale, and resources to bring V2X and 5G Edge solutions to market as quickly as possible.

     

    GLOBAL AUTOMOTIVE V2X MARKET SEGMENTATION

    The Global Automotive V2X Market can be segmented into following categories for further analysis.

    By Application

    • Passenger Cars
    • Commercial Cars
    • Industrial Vehicles

     

    By Product Type

    • DSRC – Dedicated Short Range Communication
    • Cellular V2X ( C – V2X ) Communication

     

    By Architecture Type

    • V2P
    • V2V
    • V2I
    • V2G
    • V2C
    • V2D

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE V2X MARKET

    Automobiles are also getting more sophisticated, with technology that demand reduced human intervention. As a consequence of the adaptive cruise control and detectors, consumers will benefit from faster, greener travels with low – carbon energy.

     

    Nevertheless, the advantages of V2X technology would take a bit of time to be realised since an automobile must connect with an entity that is equipped with V2X technology and the ability for the vehicle to interact with that object.

     

    Most organizations, such as parking lots, traffic signals, and conventional automobiles, do not have V2X networks, which implies they neither connect with automobiles that do.

     

    The most integrated technology has bene the adoption of the Vehicle to Infrastructure technology. Vehicle-to-infrastructure (V2I) technologies allow cars to exchange data with other equipment on or near the road. Depending on the region, there may have been linked cameras, lighting, signs, lane markings, and other devices.

     

    Vehicle-to-infrastructure technology has the potential to improve traffic safety by assisting in accident prevention by giving more information, earlier, and to the proper cars.

     

    A V2I system might assist avoid multi-car pileups in foggy circumstances, alert drivers to incidents near blind bends, and provide construction zone notices quicker aggressively.

     

    Vehicle-to-network (V2N) algorithm is very similar to certain other kinds of V2X technologies because it links an automobile towards its environment, however the concept underlying V2N is broader. Vehicle-to-network (V2N) technology can facilitate an automobile to data centres, road systems, as well as other vehicles.

     

     

    AUTOMOTIVE V2X MARKET COMPETITIVE LANDSCAPE

    Automobiles have become much more sophisticated and less dependent on conscious intervention as automotive operating systems manage everything from entertainment to autonomous driving. Vehicle users will profit from safer, cleaner, and much more economical travels as a result of the abundance of sensors and onboard connection, while vehicle manufacturers, technology firms, and telecommunications providers will face a completely new marketplace to participate in.

     

    It is the overarching name for the vehicle’s communications network, in which data from sensing and other resources travels over high-bandwidth, low-latency, high-reliability channels, laying the groundwork for fully autonomous operation.

     

    Continental AG is the leading developers of the V2X technology in the market. It has been producing and developing a hybrid solution for the varied level orientation in the market.

     

    Continental’s Hybrid V2X approach integrates 4G and 5G network connectivity, Dedicated Short Range Communications (DSRC), and Cellular-V2X (C-V2X) modern communications.

     

    This assists car manufacturers in overcoming a significant barrier while introducing V2X globally: Some locations favour the proven DSRC protocol, while others prefer the future Cellular-V2X benchmark. The hybrids V2X solution uses the very same hardware & system architecture to handle any proactive steps, decrease the cost and complexities of a worldwide V2X communication systems.

     

    Robert Bosch is involved in development of the integrated effort towards commercial vehicles integration. In commercial trucks, the V2X connection control unit serves as the hub for communication capability. It allows commercial cars to speak with each other as well as with things in their near vicinity.

     

    It serves as the foundation for cutting-edge adaptive cruise control that look beyond what the driver ordinarily sees and, as a consequence, have the potential to improve safety on the road.

     

    Vehicles may employ V2X communications in the long term to create platoons that operate in a flawlessly synchronised tight convoy with only a little gap between each vehicle.

     

    Driving in the flow stream of the vehicle in front decreases fuel usage and, as a result, operational expenses. The driving vehicle employs V2X to notify the other trucks in the platoon of its driving techniques, where they will subsequently immediately replicate.

     

     

    AUTOMOTIVE V2X MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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