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Market Snapshot

CAGR:6.22

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.22

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Report Overview

Automotive V2X Market Analysis Report 2023-2032

The Automotive V2X (Vehicle-to-Everything) Market is poised to experience a Compound Annual Growth Rate (CAGR) of 9.12% between 2022 and 2032. Over this period, the market size is expected to witness substantial growth, reaching USD 3,245.89 million. This growth is driven by a combination of factors, including the increasing demand for connected and autonomous vehicles, the need to enhance road safety, and the push for more efficient transportation systems.

Automotive V2X Market Overview

Drivers

One of the key drivers behind the expansion of the Automotive V2X Market is the rapid development of smart and connected vehicles. V2X technology enables vehicles to communicate with each other and with various elements of the transportation infrastructure, including traffic lights and road signs. This communication enhances road safety, reduces traffic congestion, and improves overall traffic management.

Furthermore, governments and regulatory bodies are actively promoting V2X technology to address road safety concerns and reduce traffic accidents. As the adoption of autonomous vehicles grows, V2X communication becomes even more critical for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) interactions.

Trends

An important trend in the Automotive V2X Market is the integration of V2X technology into vehicles at an increasing rate. Modern vehicles are equipped with sensors, cameras, and communication modules that enable V2X capabilities. This trend is expected to accelerate with the development of 5G networks, which provide low-latency and high-speed connectivity, making real-time V2X communication more efficient.

Additionally, the market is witnessing partnerships and collaborations between automotive manufacturers and technology companies to further develop and deploy V2X solutions. These partnerships aim to create standardized V2X communication protocols and ensure interoperability among different vehicle brands and infrastructure providers.

Restraints

One challenge facing the Automotive V2X Market is the need for extensive infrastructure development to support V2X communication. Building the necessary infrastructure, including roadside units and traffic management systems, requires significant investment and coordination between government agencies and private stakeholders.

Moreover, concerns about data security and privacy in V2X communication systems may slow down adoption. Addressing these concerns and implementing robust security measures will be essential to gaining public trust and advancing the technology.

Automotive V2X Market Segmentation By Communication Type

The market is segmented based on communication types, including Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Cloud (V2C) communication. Each type plays a unique role in enhancing road safety and improving traffic management.

Automotive V2X Market Segmentation By Vehicle Type

The type of vehicles adopting V2X technology varies, including passenger cars, commercial vehicles, and public transportation vehicles. Commercial and public transportation vehicles are increasingly incorporating V2X technology to optimize logistics and improve transportation efficiency.

Regional Overview:

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North America is anticipated to be a key driver of global Automotive V2X Market growth. The region is at the forefront of V2X technology development and adoption, with initiatives to create connected and autonomous transportation systems. The United States, in particular, is investing heavily in V2X infrastructure and regulations.

The market experienced some disruptions during the COVID-19 pandemic, but the emphasis on connected and autonomous vehicles as a means to enhance safety and efficiency is expected to drive renewed growth in the post-pandemic era.

Automotive V2X Market Customer Landscape

The Automotive V2X Market report offers insights into customer adoption patterns, from early adopters to laggards, and analyzes adoption rates across different regions based on penetration levels. Factors influencing purchase decisions and concerns regarding data security and privacy are also examined to help companies formulate effective market strategies.

Major Automotive V2X Market Companies

Prominent players in the Automotive V2X Market are employing various strategies to strengthen their market presence. These strategies include collaborations, mergers and acquisitions, development of standardized V2X communication protocols, and investments in research and development.

Sample list of major companies in the market:

Qualcomm Inc.
Delphi Technologies
Continental AG
NXP Semiconductors
Robert Bosch GmbH

Qualitative and quantitative analyses of these companies provide valuable insights into the competitive landscape, allowing stakeholders to understand market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The Automotive V2X Market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Communication Type Outlook (USD Million, 2019 - 2032)

Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Vehicle-to-Cloud (V2C)

Vehicle Type Outlook (USD Million, 2019 - 2032)

Passenger Cars
Commercial Vehicles
Public Transportation Vehicles

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Automotive V2X MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Automotive V2X MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automotive V2X Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Automotive V2X MARKET BY Connectivity SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 DSRC

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Cellular

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Automotive V2X MARKET BY Propulsion INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 ICE

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 EV

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Automotive V2X MARKET REGIONAL OUTLOOK

7.1. Automotive V2X Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Automotive V2X Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Automotive V2X Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Automotive V2X Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Automotive V2X Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Automotive V2X Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Robert Bosch GMBH (Germany)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Continental AG (Germany)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Qualcomm Technologies, Inc. (US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Autotalks Ltd. (Israel)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Delphi Technologies (UK)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiativesn

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive V2x Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032