Why cellular vehicle-to-everything market is growing rapidly? AT&T, Autotalks, Bosch, Commsignia, Continental AG, Genvict, Huawei, Infineon, Intel, Nokia, NTT Docomo, Qualcomm, Quectel Wireless, Savari, Ficosa, Keysight Technologies, and Rohde & Schwarz.

Growing number of technological developments in the field of communication has fueled cellular vehicle-to-everything market expansion worldwide, with considerable investments in advanced hardware and software components. A surge in disposable incomes and easy availability of automobile finance have driven the sales of mid to high-end luxury vehicles and allowed manufacturers to build in innovative features like telematics, cellular vehicle tracking, automatic parking and driver assistance systems. Consistent growth in transportation and logistics services have warranted the demand for latest fleet management systems, advancing the scope of global C-V2X industry.

One of the world’s leading auto manufacturers, Ford had indicated the lucrative future prospects existing for C-V2X industry last year when it began testing V2V communication system in the U.K. The aim of the experiments were to observe co-ordination between movement of cars for passing through intersections without having to stop, eliminating the need for traffic lights. Although the vehicle had a human driver, the company is eyeing deployment of the system in self-driving cars as well.

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Key Benefits-
• To Track And Analyze Competitive Developments, Such As Product Launches, Agreements, Partnerships, Collaborations, And Acquisitions In The Global Cellular Vehicle-to-Everything market.
• To Forecast The Size Of The Market Segments With Respect To Four Major Regional Segments, Namely, North America, Europe, Asia Pacific, And The Rest Of The World (Latin America And The Middle East & Africa).

Some of the major companies operating in the Cellular vehicle-to-everything market are AT&T, Autotalks, Bosch, Commsignia, Continental AG, Genvict, Huawei, Infineon, Intel, Nokia, NTT Docomo, Qualcomm, Quectel Wireless, Savari, Ficosa, Keysight Technologies, and Rohde & Schwarz.
Globally, 4G or LTE infrastructure has expanded tremendously and using the existing cellular infrastructure will lower the amount of new roadside components to be added. Deploying the established LTE networks will allow for cost-effective, dependable and easy communication at high speeds will significantly boost global Cellular vehicle-to-everything market share. It will also enhance line-of-sight of systems, facilitating communication over longer distances and improving the performance of GPS. With 5G networks on the way, upgrading existing LTE components would further propel adoption of vehicle to vehicle (V2V) or vehicle to network (V2N) communications.

Advanced driver assistance systems are being considered as an inevitable inclusion in future vehicles, with number of road accidents on the rise despite improvements in infrastructure and road safety awareness programs. C-V2X industry is poised to witness substantial revenues from collision avoidance application, to develop better V2V and vehicle to person (V2P) solutions. Reportedly, every year car accidents amount to nearly US$242 billion in economic costs across the U.S. Reducing the number of vehicle crashes is a priority among automakers and effective V2V solutions could help mitigate collision risks for drivers.
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With the presence of many leading automotive companies and partnerships with global technology firms, Asia-Pacific Cellular vehicle-to-everything market can be expected to reign in enormous revenues over the coming years. In December 2018, a consortium comprised of automaker Nissan and companies like Qualcomm, Continental and Ericsson completed the first C-V2X testing in Japan using 5.8 GHz frequency for direct communication. Tests were conducted under various conditions and demonstrated the potential of not only V2V, but V2N and V2P communications.

Owing to remarkable achievements in deploying communication network equipment and integrating crucial V2V systems within vehicles, Cellular vehicle-to-everything market is slated to register a double digit growth from 2019 to 2025. Key players outlining the competitive dynamics of the industry include Autotalks, Bosch, Continental, Nokia, Qualcomm, Intel and Savari.

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