The Automotive V2X Market size is projected to reach USD 7,925 Million by 2027, from USD 760 Million in 2020 growing at a CAGR of 47.8% during 2021-2027.
The Automotive V2X Market research report thoroughly explains each and every aspect related to the Global Automotive V2X Market, which facilitates the report’s reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business.
A large-scale Automotive V2X Market document offers an all-inclusive study about production capacity, consumption, import, and export for all the major regions across the world. Furthermore, the statistical and numerical data such as facts and figures are represented very neatly in the report by using charts, tables, or graphs. This market report also involves strategic profiling of the major players in the market, comprehensive analysis of their basic competencies, and thereby keeping the competitive landscape of the market in front of the client. The winning Automotive V2X report covers all the market shares and approaches of the major competitors or the key players in the market.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Automotive V2X Market, By Technology (Hardware, Software), Communication(V2V, V2I, V2P, V2G, V2C, V2D), Connectivity (Cellular, DSRC, Automated Driver Assistance), V2X Cybersecurity, Vehicle Type and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.
To Avail deep insights of Automotive V2X Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The Automotive V2X Market size is projected to reach USD 7,925 Million by 2027, from USD 760 Million in 2020 growing at a CAGR of 47.8% during 2021-2027. The advancements in 5G technology and an increase in fuel consumption and time wastage caused by traffic congestion have pushed the V2X technology forward.
The cellular segment is projected to be the fastest growing automotive V2X market, by connectivity
The advancements in 5G technology would enable the applications of 5G-V2X which is expected to offer better performance in terms of cybersecurity and handling a large number of messages in congested traffic environments. Another factor that would drive the cellular segment is the cost associated with hardware components. The DSRC segment, to perform V2P communication, requires additional hardware components, which makes it expensive compared to C-V2X. In January 2019, Audi, Ducati, and Ford demonstrated C-V2X technologies. Such developments would accelerate the commercial deployment of C-V2X technology.
The V2V segment is expected to have the largest market share of the automotive V2X market, by communication
The V2V communication segment is expected to have the largest share of the automotive V2X market. V2V improves vehicle safety through features such as forward collision warning (FCW) and lane changing warning (LCW). The growing safety concerns among the public and government dues to increasing traffic accidents is an important driving factor for the growth of the automotive V2V market. The vehicle models equipped with V2V technology are Cadillac CTS and Mercedes-Benz E-Class, among others.
Europe is expected to account for the largest market size during the forecast period
Europe is expected to have the largest automotive V2X market during the forecast period. The improved infrastructure facility in Europe allows easy deployment of V2X. The presence of top players in the Robert Bosch GmbH, Continental AG, and Delphi Technologies, along with large scale adoption of V2X-equipped vehicles, is expected to have a significant effect on the European automotive V2X market. Moreover, in European countries such as France and Germany, the likes of 5GAA, BMW Group, Ford, and Groupe PSA have teamed up with Qualcomm and Savari to showcase C-V2X communications.
The major players in the automotive V2X market include Robert Bosch GMBH (Germany), Continental AG (Germany), Qualcomm Technologies, Inc. (US), Autotalks Ltd. (Israel), and Delphi Technologies (UK).
Qualcomm Technologies, Inc. is anticipated to be a dominant player in the automotive V2X market. It adopted the strategies of new product developments, partnerships, and M&A to retain its leading position in the automotive V2X market. Strengthening the product portfolio and global presence by building customer relationships has helped Qualcomm maintain its competitive edge in the automotive V2X market.
Automotive V2X market, by offering
Automotive 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)
Automotive V2X market, by propulsion
Automotive V2X market, by connectivity
Automotive V2X market, by technology
- Automated driver assistance
- Intelligent traffic systems
- Emergency vehicle notification
- Passenger information system
- Fleet & asset management
- Parking management system
- Line of sight
- Non-line of sight
Automotive V2X market, by vehicle type
- Passenger car
- Commercial vehicle
Automotive V2X market, by unit type
- On-Board Unit
- Roadside Unit
Automotive V2X market, By Region
- Asia Pacific
- North America
Key questions addressed by the report
- Where will all recent developments take the automotive V2X market in the mid- to long-term?
- How are the increasing adoption of electric vehicles and changing environmental norms affecting the automotive V2X market?
- What are the features in which cellular outperforms DSRC connecitivty?
- Who are the key players in the market, and how intense is the competition?
- How will the combination of vision-based sensors and V2X work in real-world situations?
What Porter’s Five Forces of Competitive Analysis Provides?
Competitive rivalry:- The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.
Threat of substitution:- Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.
Threat of new entry:- Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.
Supplier power:- An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.
Buyer power:- An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.
Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.
The country section of the report also provides individual market impacting factors & changes in regulation in the market domestically that impacts the current & future trends of the market. Data points such as consumption volumes, production sites & volumes, import export analysis, price trend analysis, cost of raw materials, down-stream & upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence & availability of global brands & their challenges faced due to large or scarce competition from local & domestic brands, impact of domestic tariffs & trade routes are considered while providing forecast analysis of the country data.
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