Automotive V2X
Automotive V2X Market by Communication Type (Vehicle-to-Cloud, Vehicle-to-Device, Vehicle-to-Grid), Connectivity (Cellular-V2X Communication, Dedicated Short-Range Communication), Offering, Vehicle Type - Global Forecast 2024-2030
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[196 Pages Report] The Automotive V2X Market size was estimated at USD 4.90 billion in 2023 and expected to reach USD 6.53 billion in 2024, at a CAGR 33.70% to reach USD 37.48 billion by 2030.

Automotive V2X Market
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Automotive vehicle-to-everything (V2X) technology enables communication between a vehicle, reducing the possibilities of any entity or other vehicle get affected. This technology utilizes sensors, cameras, and wireless connectivity, allowing cars to associate with and communicate with their drivers and surroundings. V2X technology enables real-time data transmission using wireless communication protocols, such as dedicated short-range communication (DSRC) or cellular vehicle-to-everything (C-V2X). Vehicle-to-everything, or V2X solutions, connect road users and the infrastructure. The rising adoption of connected cars, rapid urbanization, and industrialization drive the market. The increasing demand for cloud-based V2X communication in traffic systems and the need for scalable, flexible, and intelligent traffic management solutions are the major factors of the market expansion. Governments globally are placing a significant focus on road safety features to enhance the safety of road users, which has significantly increased the demand for the automotive vehicle-to-everything (V2X) market. However, the privacy of users of vehicles is at risk due to their locations and other details being collected by the system, and the high cost of developing and deploying V2X infrastructure, including vehicle-to-vehicle and vehicle-to-infrastructure communication, posing financial hurdles for widespread adoption of the market. V2X technology holds significant potential to enhance environmental sustainability in the greener transportation ecosystem, and government support for integrating V2X technology in automated vehicles is creating a lucrative opportunity in the forecasted period.

Regional Insights

Americas has a highly developed infrastructure for the automotive V2X market, owing to the rising adoption of automatic and smart vehicles. The developments in the Internet of Things (IoT), 5G technology, and increased awareness of road safety are contributing to the development of the automotive V2X market in the region. Established market players focus on research and development to implement technological advancements in the European market. The rapidly growing consumer preference for connected vehicles is increasing the market growth in European countries. The European Union has predicted 175 zettabytes of data to be generated by connected devices by 2025 and created regulations for data sharing between the connected vehicles, ensuring users' data safety. Governments across countries in the APAC region have been investing heavily in the V2X technology to ensure safety, security, and efficiency of transportation systems. Japan, South Korea, and China have invested significantly in developing V2X infrastructure, such as roadside units, dedicated short-range communication networks, traffic control centers, etc., to support connected mobility services.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive V2X Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing demand for in-vehicle connectivity solutions
    • Government focus on road safety features
    • Rising demand for cloud-based V2X communication in traffic systems
  • Market Restraints
    • High cost of implementation and limitations of automotive V2X system
  • Market Opportunities
    • Potential of 5G & AI technology coupled with the advancements in cellular-V2X (CV2X) technology
    • Potential of V2X technology to enhance environmental sustainability
  • Market Challenges
    • Security and privacy issues associated with V2X communication systems
Market Segmentation Analysis
  • Communication Type: Rising usage of vehicle-to-vehicle communication for road safety

    Vehicle-to-cloud communication enables vehicles to communicate with applications running in cloud computing environments to improve situational awareness and increase road efficiency and safety. The vehicle-to-cloud (V2C) type allows vehicles to access real-time data from external sources such as traffic, weather, and other information. Vehicle-to-device (V2D) is usually implemented via Bluetooth protocol with smart devices to exchange information, providing enhanced support services such as navigation assistance, remote diagnostics, and over-the-air updates. Vehicle-to-grid (V2G) is preferably utilized in battery-operated vehicles to balance electric grids during peak loads and reduce energy costs by allowing vehicles to return electricity to the grid when necessary. Vehicle-to-infrastructure (V2I) is part of intelligent transportation systems (ITS), offering a bidirectional exchange of information between the vehicle and the road infrastructure. Vehicle-to-infrastructure communication type captures information from data broadcasted from the ITS (weather conditions, accidents, and speed limits) and sensors installed in the road infrastructure (cameras, traffic lights, lane markers, streetlights, road signs, and parking meters). 360-degree cameras, LiDAR technology to facilitate collision warnings, and blind spot warnings are provided to detect pedestrians through vehicle-to-pedestrian (V2P) communication systems. Vehicle-to-vehicle (V2V) communication exchanges data between vehicles to increase drivers’ situational awareness and overall road safety by providing real-time updates about any nearby obstacles & dangers.

  • Connectivity: Increasing adoption of cellular-V2X communication to exchange messages between vehicles

    Cellular V2X communication uses 3GPP standardized 4G LTE or 5G mobile cellular connectivity to exchange messages between vehicles, pedestrians, and wayside traffic control devices such as traffic signals. It utilizes the existing cellular infrastructure to provide a wide range of communication capabilities for vehicles, including vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N) communications. Dedicated short-range communications is a technology for directly exchanging vehicle-to-everything data and other intelligent transportation systems between vehicles, other road users, and roadside infrastructure.

  • Offering: Growing preference for automotive V2X for traffic management systems

    Vehicle-based offerings focus on integrating V2X technology within vehicles to enable communication and enhance driving capabilities. In contrast, infrastructure-based offerings focus on deploying components and systems in the physical environment to facilitate V2X communication and improve overall transportation systems. V2X relies upon supportive network infrastructure, such as a mesh network between vehicles and fixed Infrastructure, to give the necessary coverage. A roadside unit (RSU) helps communicate with the traffic management center and the vehicles. V2X involves vehicles sending data to a wider network, which is later aggregated by a traffic management system to support cooperative, safe, and efficient traffic management. Both types of V2X communication have their characteristics depending on specific application requirements such as coverage area or latency needs. Infrastructure-based systems are more suitable for high-reliability applications, such as emergency services or adaptive traffic control systems, due to their higher coverage areas and lower latency than vehicle-based systems. On the other hand, for applications where mobility is important, such as passenger cars traveling long distances between large cities, Vehicle-based solutions are more appropriate due to their less restrictive installation requirements than infrastructure-based ones. These offerings create a connected ecosystem that enhances safety, efficiency, and the driving experience.

  • Vehicle Type: Increasing application of automotive V2X for passenger cars to create safe and connected vehicles

    Automotive V2X technology is used in commercial vehicles and passenger cars to provide road safety, traffic efficiency, energy savings, and mass surveillance. By integrating V2X technology into passenger cars, automotive manufacturers can create safer, more efficient, and connected vehicles that can communicate and cooperate with other vehicles and the surrounding infrastructure. Automotive V2X technology in commercial vehicles improves fleet management, enhances safety, increases operational efficiency, and enables connectivity and telematics services. Commercial vehicle operators can optimize operations, reduce costs, and provide safer and more efficient transportation services by leveraging the capabilities of V2X technology.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Automotive V2X Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Automotive V2X Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive V2X Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Automotive V2X Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Automotive V2X Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Automotive V2X Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Automotive V2X Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Automotive V2X Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Automotive V2X Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Automotive V2X Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive V2X Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive V2X Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Hyundai Mobis and Autotalks Collaborate to Implement Cutting-edge V2X Technology for Connected Cars

    Hyundai Mobis Co Ltd and Autotalks, Ltd. have introduced the MTCU Gen1, the most advanced connectivity module developed by Hyundai Mobis. This module supports Day-1 V2X services and offers automotive V2X functions that alert drivers of dangerous situations and road hazards across all geographies. [Published On: 2023-08-28]

  • TTTech Auto, ZettaScale Extend Collaboration to Launch in-Vehicle, V2X Service

    TTTech Auto AG and ZettaScale Technology have joined forces to develop Zetta Auto, a communication platform tailored for the automotive industry. Zetta Auto utilizes cutting-edge technologies such as data distribution service (DDS), time-sensitive networking (TSN), and Zenoh (pub/sub/query) to ensure secure, high-performance, and predictable communication within a service-oriented architecture. [Published On: 2023-07-07]

  • Qualcomm Acquires Autotalks to Boost Snapdragon’s Automotive Safety Technology, Reportedly for USD 350-400M

    Qualcomm and Autotalks recently announced a new product that aims to revolutionize vehicle safety, providing an additional layer of security for cars and trucks equipped with V2X communication systems. With this new product, vehicles can be alerted to potential hazards on the road faster than ever before. This technology is a major step forward in helping to make roads safer, which aims to positively impact the future of V2X communication systems. [Published On: 2023-05-08]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive V2X Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive V2X Market, highlighting leading vendors and their innovative profiles. These include Capgemini SE, Cohda Wireless Pty Ltd., Continental AG, Denso Corporation, Fermata Energy LLC, Ford Motor Company, Gateworks Corporation, General Motors, Huawei Technologies Co., Ltd., Hyundai Motor Company, Infineon Technologies AG, Intel Corporation, International Business Machines Corporation, Kapsch TrafficCom AG, Lear Corporation, LG Electronics Inc., Microsec Ltd., Nokia Corporation, NTT Docomo, Inc., NXP Semiconductors N.V., Panasonic Holdings Corporation, Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Robert Bosch GmbH, Rohde & Schwarz GmbH & Co. KG, Samsung Electronics Co., Ltd., Siemens AG, STMicroelectronics N.V., TDK Corporation, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated, Thales Group, Toyota Motor Corporation, u-blox AG, Valeo S.A., Vector Informatik GmbH, Visteon Corporation, and Volkswagen AG.

Automotive V2X Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Automotive V2X Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Communication Type
    • Vehicle-to-Cloud
    • Vehicle-to-Device
    • Vehicle-to-Grid
    • Vehicle-to-Infrastructure
    • Vehicle-to-Pedestrian
    • Vehicle-to-Vehicle
  • Connectivity
    • Cellular-V2X Communication
    • Dedicated Short-Range Communication
  • Offering
    • Infrastructure-Based
      • Communication Infrastructure
      • Roadside Units
      • Traffic Management Systems
    • Vehicle-Based
      • Connected Vehicle Applications
      • In-Vehicle Displays
      • On-Board Units
  • Vehicle Type
    • Commercial Vehicles
    • Passenger Cars

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive V2X Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive V2X Market, by Communication Type
  7. Automotive V2X Market, by Connectivity
  8. Automotive V2X Market, by Offering
  9. Automotive V2X Market, by Vehicle Type
  10. Americas Automotive V2X Market
  11. Asia-Pacific Automotive V2X Market
  12. Europe, Middle East & Africa Automotive V2X Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 556]
  17. List of Companies Mentioned [Total: 38]
Navigating Tomorrow: Automotive V2X and the Future of Autonomous Driving
November 1, 2023
Navigating Tomorrow: Automotive V2X and the Future of Autonomous Driving
In the ever-evolving automotive world, V2X is gaining traction as it represents a cutting-edge technological advancement that revolutionizes how people drive and interact with vehicles and the world around them.

Vehicle-to-Everything (V2X) is the game-changer that offers vehicles to chat with each other (V2V), have a friendly exchange of information with pedestrians (V2P), get the lowdown from infrastructure (V2I), and even stay in the loop with the broad network (V2N).

V2X is a secret sauce for self-driving cars as these futuristic rides need a constant flow of data to stay safe on the road, and V2X is the superhero sidekick that gives them a 360-degree view of what’s happening around them.

Safety is crucial in the world of self-driving cars, and V2X takes the lead in this department as its technology helps anticipate and prevent accidents. Through this, cars receive warnings about sudden stops, lane changes, or even pedestrians about to cross the street.

V2X doesn’t only passively provide data, but it actively assists cars in making real-time decisions. Imagine a vehicle rerouting itself to sidestep traffic jams or navigating through a maze of construction zones. In August 2023, Hyundai Mobis Co. announced a partnership with Autotalks Ltd. to develop 5 G-based V2X integrated control technology to support the safety of autonomous vehicles.

As self-driving cars shift from sci-fi to reality, V2X is more necessary than an accessory. Governments, automakers, and tech giants are investing heavily in V2X technology to make it an essential part of the self-driving car ecosystem.

Automotive V2X: Cloud-based Communication is the Key to Traffic Systems
June 29, 2023
Automotive V2X: Cloud-based Communication is the Key to Traffic Systems
The world is rapidly changing, and the automotive industry is not left behind. As people have become more reliant on technology, the automotive industry has come up with something that will keep drivers safe and prevent accidents. This is where the Vehicle-to-Everything (V2X) technology comes in. V2X is a technology that enables the communication between a vehicle or driver and anything that may affect their journey. In this post, we will look at the scope of Automotive V2X and how cloud-based V2X communication is becoming increasingly popular in traffic systems.

The scope of Automotive V2X is vast, but its main goal is safety. Automotive V2X technology can help drivers make smart decisions while on the road by providing them with real-time information. This information can help drivers avoid accidents, optimize their travel time, and save fuel. The technology will also help to reduce traffic congestion, making roads more efficient.

One of the main reasons behind the rising demand for cloud-based V2X communication in traffic systems is the increasing need for real-time communication. Cloud-based V2X communication makes it possible to connect vehicles and infrastructure, allowing for real-time data exchange. This type of communication can help drivers avoid accidents by providing them with information about traffic, weather conditions, and roadwork.

Another advantage of cloud-based V2X communication in traffic systems is that it is cost-effective. The traditional V2X technology requires expensive equipment and infrastructure. With cloud-based V2X communication, these costs are significantly reduced, making it accessible to more people, and traffic systems around the world can improve.

One significant development in cloud-based V2X communication is the deployment of 5G networks. 5G networks have a higher bandwidth and low latency, making it possible to stream large amounts of data in real-time. This makes cloud-based V2X communication even more efficient as it provides faster communication between vehicles and infrastructure.

Automotive V2X is a technological breakthrough that will revolutionize the automotive industry. It comes with many benefits, including preventing accidents and optimizing travel time. Its scope is vast, and with cloud-based V2X communication, we can expect to see more developments in the future. Cloud-based V2X communication provides a cost-effective approach to V2X technology, making it accessible and efficient. With the deployment of 5G networks, we can expect to see even more significant developments and innovation in the field of Automotive V2X. In the end, it will make our roads safer, more efficient, and sustainable, making us ready for the future.

Frequently Asked Questions
  1. How big is the Automotive V2X Market?
    Ans. The Global Automotive V2X Market size was estimated at USD 4.90 billion in 2023 and expected to reach USD 6.53 billion in 2024.
  2. What is the Automotive V2X Market growth?
    Ans. The Global Automotive V2X Market to grow USD 37.48 billion by 2030, at a CAGR of 33.70%
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