According to the new market research report on the automotive V2X market, the market is expected to be valued at USD 767.5 million in 2017 and is expected to reach USD 2,815.5 million by 2022, at a CAGR of 29.69% between 2017 and 2022. The benefits of V2I communication such as decrease in number of accident by notifying the drivers about the information obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are the major factors expected to drive the automotive V2I market. The factors restraining the market include lack of cellular coverage in developing countries, cost burden on consumers, and lack of infrastructure in the automotive V2X market.
“Vehicle-to-infrastructure systems is expected to grow at the highest rate for the automotive V2X market”
Automotive V2I is expected to grow at the highest rate. The benefits of V2I communication such as the decrease in the number of accident by notifying the drivers about the information obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are expected to drive the automotive V2I market. In August 2016, Audi announced that it would launch the first V2I technology called Traffic light information on selected models such as Audi Q7, A4, and A4 in the U.S. by early 2017.
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“Passenger vehicles are expected to hold the largest market and grow at the highest rate”
The passenger vehicles segment is expected to hold the largest market and is also expected to grow at the highest rate owing to the fact that there are many passenger vehicle companies such as General Motors (U.S.), Mercedes Benz-maker Daimler (Germany), BMW (Germany), Audi AG (Germany), and Volkswagen AG (Germany) working towards the commercialization of V2X communication technology.
“Automotive V2X market in Asia-Pacific is expected to grow at the highest rate”
Asia-Pacific is expected to grow at the highest rate in the automotive V2X market. This region has emerged as a hub for automotive production; OEMs and suppliers have set up production facilities to cater to the growing demand for automobile in the market. This region houses established automakers such as Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan). One of the key drivers for the Asia- Pacific region is the increased demand for telematics and driver assistance.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profile of primary participants has been given below:
• By Companies: Tier 1–30 %, Tier 2–45%, and Tier 3–25%
• By Designation: C-Level Executives — 35%, Directors — 45%, and Managers — 20%
• By Region: North America — 30%, Europe — 40%, Asia-Pacific — 20%, and RoW — 10%
The major players in automotive V2X market are Continental AG (Germany), Qualcomm Inc. (U.S.), Daimler AG (Germany), Delphi Automotive PLC (U.K.), Infineon Technologies AG (Germany), Audi AG (Germany), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), TOMTOM N.V. (Netherlands), IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), AT&T Inc. (U.S.), Vodafone Group (U.K.), Robert Bosch GmbH (Germany), NVIDIA Corporation (U.S.), Mobileye N.V. (Israel), Harman International Industries (U.S.), PTC Inc. (U.S.), Autotalks Ltd. (Israel), and Cohada Wireless (Australia).
The automotive V2X market has been segmented on the basis of offerings, communication type, vehicle type, connectivity type, application, and geography. The market based on offering has further been segmented into hardware and software. The market based on communication type includes vehicle-to-vehicle, vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-pedestrian, vehicle-to-grid, vehicle-to-home, and vehicle-to-network. The market based on connectivity type includes DSRC and cellular. The market based on vehicle type includes passenger vehicles and commercial vehicles. The applications for automotive V2X are automated driver assistance, intelligent traffic system, emergency vehicle notification, passenger information system, fleet and asset management, parking management system, remote monitoring and diagnostics, and predictive maintenance. The market has been segmented on the basis of geography into North America, Europe, Asia-Pacific, and Rest of the World.
Reasons to buy the report:
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the automotive V2X market comprehensively and provides the closest approximations of the market sizes for the overall market and sub-segments across the different applications and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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Table of content
1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 SCOPE OF THE STUDY 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THIS STUDY 20
1.4 CURRENCY 21
1.5 LIMITATIONS 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
184.108.40.206 Key data from secondary sources 23
2.1.2 PRIMARY DATA 24
220.127.116.11 Key data from primary sources 24
18.104.22.168 Key industry insights 25
2.2 DEMAND-SIDE AND SUPPLY-SIDE ANALYSIS OF THE VEHICLE-TO-EVERYTHING MARKET 25
2.2.1 DEMAND-SIDE ANALYSIS 26
22.214.171.124 Total number of vehicles produced 26
126.96.36.199 Growth of connected devices 26
2.2.2 SUPPLY-SIDE ANALYSIS 26
188.8.131.52 Incumbent companies are providing enhanced features 26
184.108.40.206 Development of efficient connectivity technology 27
2.3 MARKET SIZE ESTIMATION 27
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 30
2.5 MARKET SHARE ESTIMATION 31
2.6 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE AUTOMOTIVE V2X MARKET 38
4.2 SOFTWARE EXPECTED TO GROW AT A HIGHER RATE IN AUTOMOTIVE V2X MARKET BETWEEN 2017 AND 2022 38
4.3 VEHICLE-TO-VEHICLE EXPECTED TO DOMINATE THE AUTOMOTIVE V2X MARKET BETWEEN 2017 AND 2022 39
4.4 CELLULAR CONNECTIVITY EXPECTED TO BE COMMERCIALIZED BY 2019 39
4.5 PASSENGER VEHICLES EXPECTED TO GROW IN THE AUTOMOTIVE V2X MARKET,
BY VEHICLE TYPE 40
4.6 APPLICATION AND REGION SNAPSHOT OF AUTOMOTIVE V2X MARKET 40
4.7 CHINA EXPECTED TO GROW AT THE HIGHEST RATE IN
Key questions answered in this report:
- What will the Automotive Vehicle-to-Everything (V2X) the growth rate be in 2025?
- What are the key factors driving the Automotive Vehicle-to-Everything (V2X) industry with a focus on the Chinese market?
- What are the key market trends impacting the growth of the Automotive Vehicle-to-Everything (V2X) industry market?
- What are the challenges to Automotive Vehicle-to-Everything (V2X) growth?
- What are the market opportunities and threats faced by the vendors in the Automotive Vehicle-to-Everything (V2X) industry?
- What are the key outcomes of the five forces analysis of Automotive Vehicle-to-Everything (V2X)?
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What our report offers: Strategic suggestions and proposals for the beginners to understand Assessments of the market share from different countries and regions were conducted Top key market players, market share analysis included. The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added. The competitive landscaping mappings of the ongoing trends are discussed. Based on the market estimations, the strategic recommendations are made in the business segments The competitive landscaping mappings of the current trends are detailed. Various companies detailed profiles are included. The latest technology advancements are mapped with the trends of the supply chain. The analysis of competitiveness between different markets players are added to provide
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