The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.5% during the forecast period.
Increasing demand for connected vehicles is the key trend that is expected to bolster the growth of global automotive V2X market. Connectivity is becoming a crucial factor in the transportation system as more and more consumers are adopting this vehicle. Moreover, extensive initiative undertaken by the government authorities towards development of intelligent transportation systems along with growing popularity of in-vehicle connectivity systems is enhancing the driverless feature in a car. Moreover, these features are further escalating the growth of global automotive V2X market.
Vehicle-To-Vehicle segment is expected to account the largest market share by 2027
On the basis of communication type, the global automotive V2X market is subdivided into Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), Vehicle-To-Pedestrian (V2P), Vehicle-To-Vehicle (V2V), Vehicle-To-Network (V2N) and Vehicle-To-Home (V2H). Amongst these segments, Vehicle-To-Vehicle segment is expected to contribute largest revenue by 2027. The growth of this segment is attributed towards various active safety features such as blind spot detection and adaptive cruise control.
Emergency vehicle notification segment is expected to account the largest market share by 2027
On the basis of technology, the global automotive V2X market is subdivided into emergency vehicle notification, intelligent traffic systems, parking management system, automated driver assistance, fleet & asset management, passenger information system, non-line of sight, backing, line of sight and others. Amongst these segments, emergency vehicle notification is expected to contribute largest revenue by 2027 due to increasing emphasis of government authorities towards road safety.
Global Automotive V2X Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Connectivity Type |
Cellular Connectivity & Others, DSRC |
DSRC (Fastest) |
Communication Type |
Vehicle-To-Infrastructure (V2I), Vehicle-To-Grid (V2G), Vehicle-To-Pedestrian (V2P), Vehicle-To-Vehicle (V2V), Vehicle-To-Network (V2N), Vehicle-To-Home (V2H) |
Vehicle-To-Vehicle (Largest) |
Vehicle Type |
Commercial Vehicles, Passenger Cars |
Commercial Vehicles (Faster) |
Unit Type |
On-Board Unit, Roadside Unit |
Roadside Unit (Faster) |
Technology |
Emergency Vehicle Notification, Intelligent Traffic Systems, Parking Management System, Automated Driver Assistance, Fleet & Asset Management, Passenger Information System, Non-Line Of Sight, Backing, Line Of Sight, Others |
Emergency Vehicle Notification (Largest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
North America (Largest) Europe (Fastest) |
Discover more about this report, request a free sample copy
Geography Insight
Geographically, North America is the largest automotive V2X market in terms of revenue. The growth of this market in this segment is attributed towards technological progressions being undertaken in countries such as Canada and the U.S. that enables increasing acceptance of automotive V2X in this region.
Moreover, automotive V2X market in Europe is expected to witness highest CAGR during the forecast period owing to stringent norms imposed by the government authorities pertaining to safety.
Competitive Insight
Some of the key players operating in the automotive V2X market are Qualcomm, Inc., TomTom International B.V., Continental AG, HARMAN International, Infineon Technologies AG, Delphi Automotive LLP, Robert Bosch GmbH, Cisco Systems, Inc., NXP Semiconductors, and Mobileye.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2015 – 2027 |
Historical Period |
2015 – 2020 |
Base Year |
2020 |
Forecast Period |
2021 – 2027 |
Segments Covered in the Study |
Connectivity Type, Communication Type, Vehicle Type, Unit Type, Technology, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
Companies Covered in the Study |
Qualcomm, Inc., TomTom International B.V., Continental AG, HARMAN International, Infineon Technologies AG, Delphi Automotive LLP, Robert Bosch GmbH, Cisco Systems, Inc., NXP Semiconductors, and Mobileye |
The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global automotive V2X market on the basis of Connectivity Type, Communication Type, Vehicle Type, Unit Type, Technology, and Region.
Global Automotive V2X Market Coverage
Connectivity Type Insight and Forecast 2015 – 2027
Communication Type Insight and Forecast 2015 – 2027
Vehicle Type Insight and Forecast 2015 – 2027
Unit Type Insight and Forecast 2015 – 2027
Technology Insight and Forecast 2015 – 2027
Geographical Segmentation
Automotive V2X Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
Benefits of Report Purchase from VynZ:
We provide accurate data and in-depth analysis with all-inclusive coverage. We focus on robust research methodology and data triangulation to ensure high quality report. We believe in providing 24*7 analyst support to our client – Pre and post purchase of the report as well as during the project tenure.
We also offer 20% post purchase free customization in the study to meet your needs. Due. We claim full customer satisfaction as our core values lie in building long term relationship.