Vehicle-to-everything (V2X) is a communication technology which enables a vehicle to communicate with road users, other vehicles and infrastructure. The key purpose of V2X technology is to enhance road safety, energy savings and traffic efficacy on roads. The vital components of V2X are vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-vehicle (V2V) & vehicle-to-infrastructure (V2I), vehicle-to-cloud (V2C), and vehicle-to-device (V2D) communication systems. The automotive industry is evolving in terms of technology, allowing cars to interact with infrastructure such as traffic signals, pedestrian’s communication devices, other digital devices. The primary growth factors of vehicle-to-everything (V2X) market are the increasing adoption of connected vehicles; the connected vehicles enable cars to connect with other vehicles, road infrastructure, and the cloud via a V2X platform. Automotive dealers, fleet operators, and drivers can utilize these services to optimize resource usage, improve safety and automate crucial driver responsibilities, all while gathering crucial data such as vehicle performance and road conditions. Connected vehicles collect data from their surroundings and communicate it to each another, also connect to intelligent transportation infrastructure and forward real-time traffic data to transportation authorities for better road management and infrastructure planning. As a result, the demand for connected car services has increased, due to an increase in demand for basic vehicle connectivity applications such as real-time updates, navigation, and in-car infotainment. Swift growth in urbanization and industrialization, which have increased as a result of the swift economic development in several developed countries across the world. In addition, the V2X-based intelligent transport system (ITS) has been created in recent years, and it is considered as a vital enabling technology for enhancing road safety, traffic efficiency, and driving experience. On contrary, the heavy cost of implementation and security concerns associated to data communication may hinder the vehicle-to-everything (V2X) market growth.

Few other factors such as increasing disposable income, increasing employment rates, and increasing overall GDP are stimulating initiatives such as smart cities with smart infrastructures, which are projected to move the Vehicle-to-everything (V2X) market forward. Besides that, the constant development and commercialization of cellular technology and associated infrastructure is accelerating worldwide growth. These include 5G, LTE, and radio access technology (RAT), which supports smart transportation applications such as collision warning and avoidance, lane keeping assistance, and obstacle recognition work well.

The global Vehicle-to-Everything (V2X) Market is segregated on the basis of Communication as Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2p), Vehicle-To-Grid (V2G), Vehicle-To-Cloud (V2C) and Vehicle-To Device (V2D). Based on Connectivity the global Vehicle-to-Everything (V2X) Market is segmented in Dedicated Short-Range Communication (DSRC) and Cellular-V2X (C-V2X) Communication. Based on Vehicle Type the global Vehicle-to-Everything (V2X) Market is segmented in Passenger Cars and Commercial Vehicles.

The global Vehicle-to-Everything (V2X) Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Vehicle-to-Everything (V2X) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Autotalks Ltd., BMW Group, Cisco Systems, Inc., Cohda Wireless Pty Ltd., Continental AG and others are among the major players in the global Vehicle-to-Everything (V2X) Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In 2021, Continental AG received a serial order from a major European commercial vehicle manufacturer to equip its vehicles with the 5G vehicle-to-everything telematics platform. It allows data exchange for classic telematics usage scenarios, plus quick connectivity for real-time-based applications.
• In 2021, Qualcomm Technologies, Inc. collaborated with Jacobs and Peachtree Corners to employ automatic smart systems in one of the country’s first smart cities coupled with the real-world connected vehicle technology and infrastructure. As a part of the collaboration, Qualcomm Technologies will act as an ecosystem enabler by offering technology solutions.
• In 2019, NXP Semiconductors introduced its RoadLINK V2X (vehicle to everything) communication solution for new Volkswagen Golf car. The eighth-generation Golf is the first volume European car model equipped with V2X, propelling a major boost to the adoption of the technology on European roads and beyond.

The global Vehicle-to-Everything (V2X) Market has been segmented as below:

Vehicle-to-Everything (V2X) Market, By Communication

• Vehicle-To-Vehicle (V2V)
• Vehicle-To-Infrastructure (V2I)
• Vehicle-To-Pedestrian (V2p)
• Vehicle-To-Grid (V2G)
• Vehicle-To-Cloud (V2C)
• Vehicle-To Device (V2D)

Vehicle-to-Everything (V2X) Market, By Connectivity

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

Vehicle-to-Everything (V2X) Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Vehicle-to-Everything (V2X) Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Vehicle-to-Everything (V2X) Market, By Company

• Autotalks Ltd.
• BMW Group
• Cisco Systems, Inc.
• Cohda Wireless Pty Ltd.
• Continental AG
• General Motors Company
• Harman International
• Infineon Technologies
• Kapsch TrafficCom AG
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Robert Bosch GMBH
• Savari Inc.
• STMicroelectronics
• Toyota Motor Corporation
• Volkswagen AG
• Delphi Technologies
• Denso Corporation
• HAAS, INC.
• Huawei Technologies Co., Ltd.
• Lear Corporation
• Neusoft Corporation
• Rohde & Schwarz
  

The report covers the below scope:

• Global Vehicle-to-Everything (V2X) Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Vehicle-to-Everything (V2X) Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Vehicle-to-Everything (V2X) Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Vehicle-to-Everything (V2X) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Vehicle-to-Everything (V2X) Market share. Major industry players with significant revenue share include Autotalks Ltd., BMW Group, Cisco Systems, Inc., Cohda Wireless Pty Ltd., Continental AG, General Motors Company, Harman International and others.

Why to Buy this Report:

• Gain detailed insights on the Vehicle-to-Everything (V2X) industry trends
• Find complete analysis on the market status
• Identify the Vehicle-to-Everything (V2X) Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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