Global "Automotive
vehicle-to-everything Market" 2025
Industry research report covers the industry overview with Marketplace Size,
Share, Development, futuristic cost, earnings, demand and distribution data. Its
vast repository offers an analytical summary of the marketplace that can help
to the new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Automotive
vehicle-to-everything so that market participants can improve their business
strategy and ensure long-term success. This report provides players with useful
information and suggests result-based ideas to give them a competitive
advantage in the global Automotive vehicle-to-everything industry. It will show
how other players compete in the global Automotive vehicle-to-everything Market
and explain the strategies you use to differentiate yourself from other
participants.
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Industry Trends
Market size of global
automotive vehicle-to-everything was USD 2.83 billion and it is expected to
grow considering the feature like automobile safety and superior traffic
management. The industry is moving towards sustainable growth. Vehicular
communication system incorporates more specific type of communication such as V2I,
V2V, V2P, V2D, and V2G. The convenience aspect of vehicles has increased due to
safety features and communication technology. The consumer demands for safety
has increased and it act as driver for this industry’s market growth.
Technological advancement
has lead to driverless and automatic cars which is still under research stage
and its commercialization is expected soon. Driverless transportability can be
achieved with the help of V2X communication technologies. V2X is all about
communicating with automobiles which will have potential threat like hacking
and manipulation. Security feature thus become a important factor for growth of
this market. This technology is based on WLAN and it works between vehicles
within each other’s range. Key aspect for implementing these technologies will
be a definite framework for its integration.
Rise in disposable income
of people of various economies can be one driver for growth of automotive
industry. India and china has seen a significant increase in sale of automobile
in recent years. Traffic congestion have arise due to increase in n umber of
passenger vehicle that also have lead to issues such as fuel consumption,
emission and air pollution. These restraints for diesel engine can act as
drivers for automotive V2X market
Communication Type Insights
Safety features like
Adaptive cruise control, lane change assist and blind spot are covered in
automotive V2X communication. Real time traffic and incident alert are other
parameters for increasing public safety.
This feature will become
mandatory in future looking at strictness in safety regulations. V2X is
expected to dominate market in upcoming period. By combining V2I and V2N
communication we can solve traffic problem and emission issues. Facilities such
as e-parking and automated toll payment will also observe a convincing growth.
Connectivity Type Insights
At present Dedicated short
range connectivity (DSRC) is used in cars. The cost benefit of DSRC over
cellular connectivity will drive this market. Ease of implementation on other
hand will create opportunities for automotive market. Benefits can be decrease
in number of accidents by providing real-time information to drivers with the
help of sensor and connectivity.
Cellular connectivity can
be used for covering large area but it has some limitations. It will require
more time for deployment for covering considerable range. The hardware required
in V2X technology is expensive. The V2X technology considering above points
still have strong growth potential in near future. Synchronized real time data
will be important factor of this segment.
Vehicle Type Insights
Passenger car in this
segment is predicted to dominate market as it did in 2015. Despite this the
demand for commercial vehicle is high than passenger car. Boom in construction
sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016.
Asia pacific has emerged a hub for automotive production.
The need for safety in
Commercial vehicle is high due to more travel time that will drive the automotive
V2X market. The growth rate will be 30% in this segment over the forecasted
period.
Regional Insights
It is estimated that North
America will have largest market share in automotive V2X market. Canada and
U.S. in this region will adopt technology with ease due to its infrastructure
and technological advancement. This region has approx. 26% of population of
world running on road. High rate of greenhouse emission and traffic congestion
are serious issues in this region. The implementation of V2X system will act as
solution to these problems acting as important driver for growth of this
market.
The automotive industry in
Europe is governed by rigorous safety and emission norms. Features such as
cruise control, blind spot detection and lane assist uses V2V communication and
will enable growth of automotive V2X market in future.
Competitive Insights
At present the companies
that have made great technological advancement dominate the market. Strong
global presence and diversified product portfolio are two factor to hold their
market share in automotive V2X industry. Delphi Automotive PLC (U.k),
Continental AG of Germany, Qualcomm Inc of U.S, Cisco Systems are some major
players in market among others. Different vendors offer different products and
services. Mergers and acquisition will help them to cover large market share.
In 2016, SAIC motors have signed an agreement with Savari Inc to manufacture
and distribute V2X solution in China and ASEAN countries.
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