Vehicle-to-X refers to an intelligent transport system where all vehicles and infrastructure systems are interconnected with each other.
This connectivity will provide more precise knowledge of the traffic situation across the entire road network which in turn will help: Optimize traffic flows, Reduce congestion, cut accident numbers, Minimize emissions.
V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.
The continuing push to improve safety while reducing the emissions and energy consumption resulting from transportation is driving the development of a number of crucial technologies, including electrification and automated driving systems. One of the key enabling systems for the success of both is the provision of real-time data to vehicles, drivers, and pedestrians through vehicle-to-external communications (V2X) using dedicated short-range communications (DSRC).
Global demand for new vehicles is projected to continue growing over the next decade, particularly in developing markets where dense urbanization is already causing problems with traffic congestion, accident rates, and air quality. Even before there is significant deployment of automated vehicles, V2X connectivity has the potential alleviate some of these issues. DSRC-based V2X systems are anticipated to be deployed by OEMs beginning in 2016 and see rapid expansion over the next decade. In addition to the embedded OEM systems on new vehicles, aftermarket retrofit systems and new smartphones with DSRC capability are expected to be adopted. According to QY Research, global revenue from sales of OEM and aftermarket V2X Communications is projected to reach more than $6 billion by 2025.
It is report that GM will be the first car maker to have a V2X system in a production vehicle, with their CTS Cadillac going into production at the end of 2016. Meanwhile in Europe, the Corridor Project will ensure that there is infrastructure in place for the early adopters. Deployment work is happening in parallel in the both the US and Europe, so it will be difficult to pinpoint exactly who deploys first – and even then there will only be months in it.
Global Automotive Vehicle to Everything (V2X) market size will reach 6080 million US$ by 2025, from 860 million US$ in 2018, at a CAGR of 27.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Vehicle to Everything (V2X).
This industry study presents the global Automotive Vehicle to Everything (V2X) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Vehicle to Everything (V2X) production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Vehicle to Everything (V2X) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Delphi (Aptiv), Continental AG, etc.
The following manufacturers are covered in this report:
Automotive Vehicle to Everything (V2X) Breakdown Data by Type
Automotive Vehicle to Everything (V2X) Breakdown Data by Application
Road Safety Service
Automatic Parking System
Auto Car Service
Automotive Vehicle to Everything (V2X) Production by Region
Automotive Vehicle to Everything (V2X) Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Vehicle to Everything (V2X) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Vehicle to Everything (V2X) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Vehicle to Everything (V2X) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Vehicle to Everything (V2X) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.