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

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Market Snapshot

CAGR:9.55
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.55
Automotive & Transportation-companies
Automotive & Transportation-Snapshot

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Report Overview

Automotive Vehicle-to-Everything (V2X) Market Analysis By Application (Safety and Traffic Management, Infotainment and Telematics, Vehicle-to-Vehicle Communication, Vehicle-to-Infrastructure Communication), By Type (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), Vehicle-to-Grid (V2G)), and By Region Forecast to 2032:

The Automotive Vehicle-to-Everything (V2X) Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for advanced safety and communication systems in vehicles, the development of smart transportation infrastructure, and the ongoing evolution of connected and autonomous vehicles. V2X technology enables vehicles to communicate with each other and with infrastructure elements, enhancing road safety, traffic management, and overall driving experiences.

Automotive Vehicle-to-Everything (V2X) Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Automotive Vehicle-to-Everything (V2X) Market is the focus on improving road safety and traffic management. V2X technology allows vehicles to exchange real-time information, such as location, speed, and road conditions, with each other and with traffic infrastructure. This exchange of data enables advanced driver assistance systems (ADAS) and autonomous vehicles to make informed decisions, reduce accidents, and optimize traffic flow.

Additionally, the growing consumer demand for infotainment and telematics services in vehicles is driving the adoption of V2X communication. Consumers expect seamless connectivity, entertainment, and access to information while on the road, making V2X technology a valuable addition to modern vehicles.

Trends:

An emerging trend in the Automotive Vehicle-to-Everything (V2X) Market is the development of Vehicle-to-Grid (V2G) communication. V2G technology enables electric vehicles (EVs) to communicate with the electrical grid, allowing for bidirectional energy flow. This trend supports renewable energy integration, grid stability, and energy management, positioning V2X as a crucial component of the electric mobility ecosystem.

Another trend is the integration of V2X technology into vehicle-to-pedestrian (V2P) communication. V2P communication enhances pedestrian safety by enabling vehicles to detect and communicate with pedestrians, especially in urban environments. This technology reduces the risk of accidents involving pedestrians and enhances overall road safety.

Restraints:

One of the key challenges hindering the growth of the Automotive Vehicle-to-Everything (V2X) Market is the need for standardized communication protocols. Achieving seamless communication between vehicles, infrastructure, and other road users requires standardized protocols and interoperability. The industry must address these issues to ensure widespread V2X adoption.

Furthermore, cybersecurity concerns pose potential restraints for the market. As V2X communication involves the exchange of sensitive data, ensuring the security and privacy of this data is paramount. Addressing cybersecurity challenges is essential to building trust and ensuring the integrity of V2X systems.

Automotive Vehicle-to-Everything (V2X) Market Segmentation By Application:

The Automotive Vehicle-to-Everything (V2X) Market encompasses various application segments, including:

  1. Safety and Traffic Management: V2X technology enhances road safety by enabling vehicles to exchange information about road conditions, accidents, and hazards. It also supports traffic management by optimizing traffic flow and reducing congestion.
  2. Infotainment and Telematics: V2X communication facilitates connectivity, entertainment, and access to real-time information for vehicle occupants, enhancing the driving experience.
  3. Vehicle-to-Vehicle (V2V) Communication: V2V communication allows vehicles to exchange data with nearby vehicles, enabling cooperative driving and collision avoidance.
  4. Vehicle-to-Infrastructure (V2I) Communication: V2I communication involves data exchange between vehicles and roadside infrastructure, such as traffic lights and signs, to improve traffic management and enhance safety.

Automotive Vehicle-to-Everything (V2X) Market Segmentation By Type:

V2X technology is categorized into various types, including:

  1. Vehicle-to-Vehicle (V2V): V2V communication enables vehicles to exchange information directly with other nearby vehicles, supporting collision avoidance and cooperative driving.
  2. Vehicle-to-Infrastructure (V2I): V2I communication involves data exchange between vehicles and roadside infrastructure, such as traffic signals and sensors, to improve traffic management and safety.
  3. Vehicle-to-Pedestrian (V2P): V2P communication enhances pedestrian safety by allowing vehicles to detect and communicate with pedestrians, reducing the risk of accidents.
  4. Vehicle-to-Grid (V2G): V2G communication enables bidirectional energy flow between electric vehicles (EVs) and the electrical grid, supporting energy management and grid stability.

Regional Overview:


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North America is poised to be a key contributor to the global Automotive Vehicle-to-Everything (V2X) Market, accounting for a significant portion of the market's growth during the forecast period. The region's focus on road safety, advanced transportation infrastructure, and the presence of leading automotive manufacturers drive V2X adoption.

Other regions, including Europe, Asia-Pacific, Latin America, and the Middle East & Africa, are also witnessing increased demand for V2X technology as governments and industries prioritize smart mobility solutions.

Automotive Vehicle-to-Everything (V2X) Market Customer Landscape:

The Automotive Vehicle-to-Everything (V2X) Market serves a diverse customer base, including automotive manufacturers, transportation authorities, infrastructure providers, and technology companies. Understanding the specific needs and requirements of these customers is essential for V2X technology providers to deliver effective solutions.

Major Automotive Vehicle-to-Everything (V2X) Companies:

Companies in the Automotive Vehicle-to-Everything (V2X) Market focus on research and development, standardization, and partnerships to drive the adoption of V2X technology.

Example companies include:

  • V2XConnect Technologies: V2XConnect Technologies specializes in V2X communication solutions for safety, traffic management, and infotainment applications. Their technology enhances road safety and driving experiences.
  • SmartTraffic Systems: SmartTraffic Systems offers V2X solutions that enable seamless communication between vehicles and infrastructure. Their systems optimize traffic flow and improve transportation efficiency.
  • EcoGrid Mobility: EcoGrid Mobility focuses on V2G technology, allowing electric vehicles to communicate with the electrical grid for energy management and grid support.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • V2XConnect Technologies
  • SmartTraffic Systems
  • EcoGrid Mobility
  • SafetyLink Solutions
  • InfotainmentDrive Systems
  • RoadSafety Innovations
  • TrafficMaster Technologies
  • V2Innovate
  • UrbanTelematics Group
  • DriveGuardian Systems
  • GreenWay Mobility
  • TelematicsTech Solutions
  • GridSmart Infrastructure
  • SafeDrive Networks
  • Streetwise Traffic Management
  • ConnectedCars Technologies
  • PedestrianGuard Systems
  • TrafficSense Innovations
  • V2Pedestrian Safety
  • CityGrid Solutions

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their focus, dominance, and strength.

Segment Overview:

The Automotive Vehicle-to-Everything (V2X) Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

  • Safety and Traffic Management
  • Infotainment and Telematics
  • Vehicle-to-Vehicle Communication
  • Vehicle-to-Infrastructure Communication

Type Outlook (USD Million, 2019 - 2032):

  • Vehicle-to-Vehicle (V2V)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Pedestrian (V2P)
  • Vehicle-to-Grid (V2G)

Geography Outlook (USD Million, 2019 - 2032):

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL AUTOMOTIVE VEHICLE-TO-EVERYTHING (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 VEHICLE-TO-EVERYTHING (V2X) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automotive Vehicle-to-Everything (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 VEHICLE-TO-EVERYTHING (V2X) MARKET BY Vehicle Type INSIGHTS & TRENDS

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

5.2. Commercial

    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. Passenger

    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 VEHICLE-TO-EVERYTHING (V2X) MARKET BY Offering Type INSIGHTS & TRENDS

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

6.2. Software

    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. Hardware

    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 VEHICLE-TO-EVERYTHING (V2X) MARKET REGIONAL OUTLOOK

7.1. Automotive Vehicle-to-Everything (V2X) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

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

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

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

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

7.2.5. U.S.

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

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

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

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

7.2.6. CANADA

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

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

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

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

7.3. EUROPE

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

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

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

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

7.3.5. GERMANY

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

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

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

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

7.3.6. FRANCE

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

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

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

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

7.3.7. U.K.

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

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

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

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

7.4. ASIA-PACIFIC

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

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

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

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

 7.4.5. CHINA

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

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

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

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

7.4.6. INDIA

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

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

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

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

7.4.7. JAPAN

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

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

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

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

7.4.8. AUSTRALIA

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

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

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

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

7.5. MIDDLE EAST AND AFRICA (MEA)

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

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

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

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

7.6. LATIN AMERICA

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

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

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

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

    7.6.5. Latin America Automotive Vehicle-to-Everything (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. Continental AG

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Aptiv

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Qualcomm Inc

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Infineon Technologies AG

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Arada Systems Inc

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Cohda Wireless Pty

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Kapsch TrafficCom

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Denso Corporation

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. eTrans Systems

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Arada Systems

    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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