AUTOMOTIVE & TRANSPORTATION
Global Automotive V2X Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive V2X Market, By Offering (Hardware and Software), Communication (Vehicle to Vehicle, Vehicle to Infrastructure, Vehicle to Grid, Vehicle to Pedestrian, Vehicle to Cloud, and Vehicle to Device), Propulsion (Internal Combustion Engine and Electric Vehicle), Vehicle Type (Passenger Cars and Commercial Vehicles), Connectivity (Dedicated Short range Communications (DSRC) and Cellular vehicle to Everything (C-V2X)), Unit (On-Board Unit and Roadside Unit), Aftermarket Offering (Hardware, Software, and Services), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive V2X market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Automotive V2X, short for "Vehicle-to-Everything," is a technical market term that encompasses communication technologies enabling vehicles to interact with their surroundings. This includes Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Grid (V2G) communication. V2X systems utilize various wireless communication standards such as Dedicated Short-Range Communications (DSRC) or Cellular Vehicle-to-Everything (C-V2X) to facilitate real-time data exchange between vehicles, infrastructure, pedestrians, and other connected devices.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- 5G connectivity
- Cybersecurity solutions
RESTRAINTS
- Interoperability challenges
- Spectrum allocation issues
OPPORTUNITIES
- Advanced Driver Assistance Systems (ADAS) integration
- Mobility as a Service (MaaS) solutions
CHALLENGES
- High cost of implementation
- Cybersecurity concerns
SEGMENTATION
- Offering
- Hardware
- Software
- Communication
- Vehicle to Vehicle
- Automated Driver Assistance
- Others
- Vehicle to Infrastructure
- Intelligent Traffic System
- Emergency Vehicle Notification
- Passenger Information System
- Fleet and Asset Management
- Parking Management System
- Vehicle to Grid
- Vehicle to Pedestrian
- Line of Sight
- Non Line of Sight
- Backing
- Vehicle to Cloud
- Vehicle to Device
- Propulsion
- Internal Combustion Engine
- Electric Vehicle
- Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Connectivity
- Dedicated Short range Communications (DSRC)
- Cellular vehicle to Everything (C-V2X)
- Unit
- On-Board Unit
- Roadside Unit
- Aftermarket Offering
- Hardware
- Software
- Services
- Fleet Management
- Automotive Advanced Driver Assistance Systems
- Telematics
- Cybersecurity
- Autonomous Driving
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Qualcomm Incorporated
- Autotalks
- Harman International
- Huawei Technologies
- NXP Semiconductors
- Continental AG
- Robert Bosch GmbH
- Cohda wireless
- Infineon Technologies AG
- Denso Corporation
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive V2X Market, by Offering
- 3.2 Global Automotive V2X Market, by Communication
- 3.3 Global Automotive V2X Market, by Propulsion
- 3.4 Global Automotive V2X Market, by Vehicle Type
- 3.5 Global Automotive V2X Market, by Connectivity
- 3.6 Global Automotive V2X Market, by Unit
- 3.7 Global Automotive V2X Market, by Aftermarket Offering
- 3.8 Global Automotive V2X Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Hybrid V2X communication
- 5.1.2 Edge intelligence for V2X systems
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 5G connectivity
- 5.2.2 Cybersecurity solutions
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Interoperability challenges
- 5.3.2 Spectrum allocation issues
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Advanced Driver Assistance Systems (ADAS) integration
- 5.4.2 Mobility as a Service (MaaS) solutions
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 High cost of implementation
- 5.5.2 Cybersecurity concerns
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE V2X MARKET, BY OFFERING
- 6.1 Offering Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive V2X Market, by Offering (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE V2X MARKET, BY COMMUNICATION
- 7.1 Communication Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive V2X Market, by Communication (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE V2X MARKET, BY PROPULSION
- 8.1 Propulsion Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive V2X Market, by Propulsion (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE V2X MARKET, BY VEHICLE TYPE
- 9.1 Vehicle Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive V2X Market, by Vehicle Type (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE V2X MARKET, BY CONNECTIVITY
- 10.1 Connectivity Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive V2X Market, by Connectivity (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE V2X MARKET, BY UNIT
- 11.1 Unit Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive V2X Market, by Unit (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE V2X MARKET, BY AFTERMARKET OFFERING
- 12.1 Aftermarket Offering Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive V2X Market, by Aftermarket Offering (2019-2032)
- SECTION 13 - GLOBAL AUTOMOTIVE V2X MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Automotive V2X Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA AUTOMOTIVE V2X MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Automotive V2X Market, by Offering (2019-2032)
- 14.4 North America Automotive V2X Market, by Communication (2019-2032)
- 14.5 North America Automotive V2X Market, by Propulsion (2019-2032)
- 14.6 North America Automotive V2X Market, by Vehicle Type (2019-2032)
- 14.7 North America Automotive V2X Market, by Connectivity (2019-2032)
- 14.8 North America Automotive V2X Market, by Unit (2019-2032)
- 14.9 North America Automotive V2X Market, by Aftermarket Offering (2019-2032)
- 14.10 North America Automotive V2X Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE AUTOMOTIVE V2X MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Automotive V2X Market, by Offering (2019-2032)
- 15.4 Europe Automotive V2X Market, by Communication (2019-2032)
- 15.5 Europe Automotive V2X Market, by Propulsion (2019-2032)
- 15.6 Europe Automotive V2X Market, by Vehicle Type (2019-2032)
- 15.7 Europe Automotive V2X Market, by Connectivity (2019-2032)
- 15.8 Europe Automotive V2X Market, by Unit (2019-2032)
- 15.9 Europe Automotive V2X Market, by Aftermarket Offering (2019-2032)
- 15.10 Europe Automotive V2X Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC AUTOMOTIVE V2X MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Automotive V2X Market, by Offering (2019-2032)
- 16.4 Asia-Pacific Automotive V2X Market, by Communication (2019-2032)
- 16.5 Asia-Pacific Automotive V2X Market, by Propulsion (2019-2032)
- 16.6 Asia-Pacific Automotive V2X Market, by Vehicle Type (2019-2032)
- 16.7 Asia-Pacific Automotive V2X Market, by Connectivity (2019-2032)
- 16.8 Asia-Pacific Automotive V2X Market, by Unit (2019-2032)
- 16.9 Asia-Pacific Automotive V2X Market, by Aftermarket Offering (2019-2032)
- 16.10 Asia-Pacific Automotive V2X Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA AUTOMOTIVE V2X MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Automotive V2X Market, by Offering (2019-2032)
- 17.4 South America Automotive V2X Market, by Communication (2019-2032)
- 17.5 South America Automotive V2X Market, by Propulsion (2019-2032)
- 17.6 South America Automotive V2X Market, by Vehicle Type (2019-2032)
- 17.7 South America Automotive V2X Market, by Connectivity (2019-2032)
- 17.8 South America Automotive V2X Market, by Unit (2019-2032)
- 17.9 South America Automotive V2X Market, by Aftermarket Offering (2019-2032)
- 17.10 South America Automotive V2X Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA AUTOMOTIVE V2X MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Automotive V2X Market, by Offering (2019-2032)
- 18.4 Middle East and Africa Automotive V2X Market, by Communication (2019-2032)
- 18.5 Middle East and Africa Automotive V2X Market, by Propulsion (2019-2032)
- 18.6 Middle East and Africa Automotive V2X Market, by Vehicle Type (2019-2032)
- 18.7 Middle East and Africa Automotive V2X Market, by Connectivity (2019-2032)
- 18.8 Middle East and Africa Automotive V2X Market, by Unit (2019-2032)
- 18.9 Middle East and Africa Automotive V2X Market, by Aftermarket Offering (2019-2032)
- 18.10 Middle East and Africa Automotive V2X Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Automotive V2X Market, Company Share Analysis
- 19.2 North America Automotive V2X Market, Company Share Analysis
- 19.3 Europe Automotive V2X Market, Company Share Analysis
- 19.4 Asia-Pacific Automotive V2X Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Qualcomm Incorporated
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 Autotalks
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Harman International
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Huawei Technologies
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 NXP Semiconductors
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Continental AG
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Robert Bosch GmbH
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 Cohda wireless
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Infineon Technologies AG
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 Denso Corporation
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.