The global automotive V2X market is anticipated to grow at a CAGR of around 45.3% during the forecast period 2020 to 2027 and to reach around US$ 13.6 Bn by 2027.
Market Dynamics
Automotive sector is witnessing rapid advancements across the globe, increasing government spending on development of smart cities and manufacturers approach towards deploying advanced features for driver safety are factors expected to drive the growth of global market. In addition, increasing passenger vehicle sale in developing countries and consumer demand for vehicles with AI technology for assistance and security are among other factors expected to support the growth of target market.
Major players focus in business development through product launch and acquisition in order to increase the business profit this is expected to augment the growth of target market.
In 2019, Continental AG, multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components developed new 5G hybrid platform integrates different Vehicle-to-Everything technologies (V2X). This product is expected to help the company to enhance the business profit and increase the customer base.
In 2018, Toyota Motor Corporation a multinational automotive manufacturer and Lexus collaborated with the focus to deploy Dedicated Short-Range Communications (DSRC) systems on vehicles sold in the US starting in 2021. DSRC transmissions enable vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications. This collaboration is expected to help the company to enhance the business profit.
In 2018, Qualcomm Incorporated a global phone chip supplier launched Car-to-Cloud service that allows car companies to connect vehicles to clouds. This is expected to help the company to enhance the product portfolio and increase the revenue share.
In 2018, AT&T a telecommunications company in collaboration with HARMAN launched advanced connected car device. This product launch is expected to help the company to enhance the business presence and increase the revenue share.
In 2015, Lear Corporation a global manufacturer of automotive seating and automotive electrical systems Arada Systems, automotive technology company specializes in vehicle-to-vehicle and vehicle-to-infrastructure communications. This acquisition is expected to help the company to enhance the company profit.
However, factors such as high cost to R&D and issues related to reliability of technology are factors expected to hamper the growth of global automotive V2X market. In addition, lack of advanced infrastructure in developing countries and risk associated to cyber threat are factors expected to challenge the growth of target market.
Rapid technological advancements in devices, emergence of 5G in developing countries and high government spending on infrastructure development are factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, favorable business policies by the government and emergence of small and mid-size enterprise with innovative solution are factors expected to support the growth of revenue transaction of target market.
Segment Analysis by Region
The market in Asia Pacific is expected to witness faster growth in the global market due developing automotive standards. In addition, rise in adoption of commercial and passenger vehicles and consumers demand for passenger vehicles with advanced features are factors expected to support the growth of target market.
Major players inclination towards developing countries in order to enhance the business presence is factor expected to support the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Automotive V2X Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Offering, Communication Type, Connectivity Type, Vehicle Type and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Automotive V2X Market Segment Analysis, 2019
The global automotive V2X market is segmented into offering, communication type, connectivity type, and vehicle type. The offering segment is bifurcated into hardware and software and the software segment is expected to witness faster growth in the target segment. The vehicle type segment is divided into passenger vehicles and commercial vehicles. Among the vehicle type the passenger vehicle segment is expected to account for major revenue share in the global market.
The players profiled in the report are Continental are AG, Delphi Automotive PLC, Qualcomm Inc., Infineon Technologies AG and Cisco Systems, Inc.
Market Segmentation
Market By Offering
Hardware
Software
Market By Communication
Vehicle-to-Vehicle (V2V)
Vehicle-to-Infrastructure (V2I)
Vehicle-to-Pedestrian (V2P)
Vehicle-to-Grid (V2G)
Vehicle-to-Cloud (V2C)
Vehicle-to Device (V2D)
Market By Connectivity
Cellular
DSRC
Market By Vehicle Type
Passenger Vehicle
Commercial vehicle
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive v2x
1.1. Definition and Scope
1.1.1. Definition of Automotive v2x
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive v2x Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive v2x Market By Offering
1.2.3. Automotive v2x Market By Communication
1.2.4. Automotive v2x Market By Connectivity
1.2.5. Automotive v2x Market By Vehicle Type
1.2.6. Automotive v2x Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive v2x Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive v2x Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Vehicle Type Source of Automotive v2x Major Manufacturers in 2019
CHAPTER 5. Automotive v2x Market By Offering
5.1. Introduction
5.2. Automotive v2x Revenue By Offering
5.2.1. Automotive v2x Revenue (US$ Mn) and Forecast, By Offering, 2016-2027
5.2.2. Hardware
5.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Software
5.2.3.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Automotive v2x Market Revenue By Communication
6.1. Introduction
6.2. Automotive v2x Revenue (US$ Mn) By Communication
6.2.1. Automotive v2x Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
6.2.2. Vehicle-to-Vehicle (V2V)
6.2.2.1. Vehicle-to-Vehicle (V2V) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Vehicle-to-Infrastructure (V2I)
6.2.3.1. Vehicle-to-Infrastructure (V2I) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Vehicle-to-Pedestrian (V2P)
6.2.4.1. Vehicle-to-Pedestrian (V2P) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Vehicle-to-Grid (V2G)
6.2.5.1. Vehicle-to-Grid (V2G) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Vehicle-to-Cloud (V2C)
6.2.6.1. Vehicle-to-Cloud (V2C) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Vehicle-to Device (V2D)
6.2.7.1. Vehicle-to Device (V2D) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Automotive v2x Market By Connectivity
7.1. Introduction
7.2. Automotive v2x Revenue (US$ Mn) By Connectivity
7.2.1. Automotive v2x Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
7.2.2. Cellular
7.2.2.1. Cellular Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. DSRC
7.2.3.1. DSRC Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. Automotive v2x Market By Vehicle Type
8.1. Introduction
8.2. Automotive v2x Revenue (US$) By Vehicle Type
8.2.1. Automotive v2x Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
8.3. Passenger Vehicle
8.3.1. Passenger Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.4. Commercial Vehicle
8.4.1. Commercial Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 9. North America Automotive v2x Market By Country
9.1. North America Automotive v2x Overview
9.2. U.S.
9.2.1. U.S. Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.2.2. U.S. Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
9.2.3. U.S. Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
9.2.4. U.S. Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.3. Canada
9.3.1. Canada Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.3.2. Canada Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
9.3.3. Canada Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
9.3.4. Canada Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.4. North America PEST Analysis
CHAPTER 10. Europe Automotive v2x Market By Country
10.1. Europe Automotive v2x Market Overview
10.2. U.K.
10.2.1. U.K. Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
10.2.2. U.K. Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
10.2.3. U.K. Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
10.2.4. U.K. Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.3. Germany
10.3.1. Germany Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
10.3.2. Germany Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
10.3.3. Germany Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
10.3.4. Germany Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.4. France
10.4.1. France Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
10.4.2. France Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
10.4.3. France Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
10.4.4. France Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.5. Spain
10.5.1. Spain Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
10.5.2. Spain Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
10.5.3. Spain Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
10.5.4. Spain Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.6. Rest of Europe
10.6.1. Rest of Europe Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
10.6.2. Rest of Europe Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016-2027
10.6.3. Rest of Europe Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016-2027
10.6.4. Rest of Europe Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Automotive v2x Market By Country
11.1. Asia Pacific Automotive v2x Market Overview
11.2. China
11.2.1. China Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.2.2. China Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.2.3. China Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.2.4. China Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.3. Japan
11.3.1. Japan Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.3.2. Japan Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.3.3. Japan Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.3.4. Japan Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.4. India
11.4.1. India Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.4.2. India Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.4.3. India Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.4.4. India Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.5. Australia
11.5.1. Australia Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.5.2. Australia Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.5.3. Australia Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.5.4. Australia Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.6. South Korea
11.6.1. South Korea Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.6.2. South Korea Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.6.3. South Korea Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.6.4. South Korea Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.7.2. Rest of Asia-Pacific Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
11.7.3. Rest of Asia-Pacific Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
11.7.4. Rest of Asia-Pacific Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Automotive v2x Market By Country
12.1. Latin America Automotive v2x Market Overview
12.2. Brazil
12.2.1. Brazil Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.2.2. Brazil Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
12.2.3. Brazil Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
12.2.4. Brazil Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.3. Mexico
12.3.1. Mexico Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.3.2. Mexico Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
12.3.3. Mexico Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
12.3.4. Mexico Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.4. Rest of Latin America
12.4.1. Rest of Latin America Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.4.2. Rest of Latin America Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
12.4.3. Rest of Latin America Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
12.4.4. Rest of Latin America Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
CHAPTER 13. Middle East & Africa Automotive v2x Market By Country
13.1. Middle East & Africa Automotive v2x Market Overview
13.2. Saudi Arabia
13.2.1. Saudi Arabia Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
13.2.2. Saudi Arabia Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
13.2.3. Saudi Arabia Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
13.2.4. Saudi Arabia Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
13.3. UAE
13.3.1. UAE Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
13.3.2. UAE Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
13.3.3. UAE Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
13.3.4. UAE Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Automotive v2x Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
13.4.2. Rest of Middle East & Africa Automotive v2x Market Revenue (US$ Mn) and Forecast By Communication, 2016 - 2027
13.4.3. Rest of Middle East & Africa Automotive v2x Market Revenue (US$ Mn) and Forecast By Connectivity, 2016 - 2027
13.4.4. Rest of Middle East & Africa Automotive v2x Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
CHAPTER 14. PLAYER ANALYSIS OF AUTOMOTIVE V2X MARKET
14.1. Automotive v2x Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Automotive v2x Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. COMPANY PROFILE
15.1. Continental AG
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (US$ Mn), 2019
15.1.3.2. Continental AG 2019 Automotive v2x Business Regional Distribution
15.1.4. Product/ Service and Specification
15.1.5. Recent Developments & Business Strategy
15.1.6. Manufacturing Plant Footprint Analysis
15.2. Delphi Automotive PLC
15.3. Qualcomm Inc.
15.4. Infineon Technologies AG
15.5. Cisco Systems, Inc
15.6. Arada Systems Inc
15.7. Savari Technologies Pvt. Ltd.
15.8. Kapsch TrafficCom
15.9. Others
