Global Automotive V2X Market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period

Published Date: Jul, 2020

The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% 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 2025

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 2025. 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 2025

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 2025 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)

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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 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

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 2019 and a yearly forecast till 2025 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 – 2025

  • Cellular Connectivity & Others
  • DSRC

Communication Type Insight and Forecast 2015 – 2025

  • 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 Type Insight and Forecast 2015 – 2025

  • Commercial Vehicles
  •  Passenger Cars

Unit Type Insight and Forecast 2015 – 2025

  • On-Board Unit
  • Roadside Unit

Technology Insight and Forecast 2015 – 2025

  • 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

Geographical Segmentation

Automotive V2X Market by Region

North America

  • By Connectivity Type
  • By Communication Type
  • By Vehicle Type
  • By Unit Type
  • By Technology
  • By Country – U.S., Canada, and Mexico

Europe

  • By Connectivity Type
  • By Communication Type
  • By Vehicle Type
  • By Unit Type
  • By Technology
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Connectivity Type
  • By Communication Type
  • By Vehicle Type
  • By Unit Type
  • By Technology
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Connectivity Type
  • By Communication Type
  • By Vehicle Type
  • By Unit Type
  • By Technology
  • By Country – Brazil, South Africa, Saudi Arabia, U.A.E., and Other Countries

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Global Automotive V2X Market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period