Automotive V2X Market Brief Analysis By Top Key Players - Delphi Automotive, Robert Bosch, NXP Semiconductors, Cisco Systems, Continental, Infineon Technologies, Qualcomm

Polaris Market Research presents a most up-to-date research on “Automotive V2X Market, [By Communication Type (Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Cloud, Vehicle-To-Grid, Vehicle-To-Pedestrian, Vehicle-To-Device, Others); By Component (Hardware, Software, Services); By Connectivity (Cellular Connectivity, DSRC Connectivity); By Vehicle Type (Passenger Vehicles, Commercial Vehicles) By Region]: Market size & Forecast, 2018 – 2026”.

According to the latest market report published by the company titled ‘Automotive V2X Market: Global Industry Analysis and Forecast, 2018 – 2026,’ the global Automotive V2X Market is projected to reach US$ 33,246 Mn by the end of 2026 and grow at a CAGR of 24.1% during the forecast period.

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Major Key Players-

• Delphi Automotive PLC
• Robert Bosch GmbH
• NXP Semiconductors
• TomTom International B.V.
• Cisco Systems, Inc.
• Continental AG
• Infineon Technologies
• Harman International
• Cohda Wireless
• Qualcomm.

V2X enables vehicles to communicate with other vehicles and infrastructure forming a part of the traffic system around them. V2X includes Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Cloud, Vehicle-To-Grid, Vehicle-To-Pedestrian, and Vehicle-To-Device among others. V2V or vehicle to vehicle, enables vehicles to communicate with other vehicles in the vicinity, whereas V2I, or vehicle to infrastructure, enables vehicles to communicate with external systems such as streetlights, buildings, and pedestrians. The technology uses a short-range wireless signal to communicate with compatible systems, and this signal is resistant to interference and inclement weather.

The demand for automotive V2X has increased owing to increasing need for road safety, and growing demand for luxury vehicles. The growth in global automotive industry and increasing popularity of autonomous vehicles has resulted in market growth. The growing incidences of road accidents, and introduction of stringent government regulations regarding vehicular safety, and initiatives for efficient traffic management further increase the demand for automotive V2X systems in the recent past. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive V2X Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Asia-Pacific generated the highest revenue in the automotive V2X market in 2017 owing to increasing disposable income and living standards in the region. The established automotive industry, and strict government regulations regarding road and vehicular safety have resulted in increasing adoption of automotive V2X in the region.

Competitive Landscape and Key Vendors

The global automotive V2X market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Key Segments

Communication Type
• Vehicle-To-Vehicle
• Vehicle-To-Infrastructure
• Vehicle-To-Cloud
• Vehicle-To-Grid
• Vehicle-To-Pedestrian
• Vehicle-To-Device
• Others

Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

Component
• Hardware
• Software
• Services

Connectivity
• Cellular Connectivity
• DSRC Connectivity

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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