Why Automotive V2X Market is Growing Rapidly..? Top Key Players are Qualcomm, Intel, continental, Delphi Automotive, Intel, NXP Semiconductors, Autotalks, Audi, TomTom, Robert Bosch, Infineon Technology, Daimler, and Harman International
Automotive V2X Market is predicted to grow at substantial rate in the coming years led by increasing number of investments and R&D initiatives in the autonomous vehicle landscape. The automakers are investing in V2X technologies, such as LiDAR, as they view the technology as a key enabling factor for driving the growth of the autonomous vehicle market. The technology players, such as Apple and Google, are collaborating with auto manufacturers, such as BMW and Volkswagen, to develop new & cost-effective V2X technologies. These strategic initiatives led by automakers have led to the development of various advanced & cost-effective V2X technologies.
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The players operating in the automotive V2X market are collaborating with automakers to integrate their products into vehicles. For instance, in June 2018, Cadillac Inc., an automotive company owned by General Motors, announced that it is going to launch its V2X systems in its high-volume cross over cars by 2023. Similarly, Audi is presenting its V2I (Vehicle to infrastructure) ‘Traffic Light Information’ technology in Europe. Audi stated that from July 2019 onwards it will equip its new models with traffic lights in Germany. This system will allow Audi drivers to see exactly what speed they must maintain to reach to the next traffic light in green.
Company profiled in Automotive V2X Market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
5. NXP Semiconductors
8. Autotalks, Audi
10. Robert Bosch
11. Infineon Technology
13. Harman International.
The rising number of concerns among government bodies and road safety organizations toward improving the safety & security of passenger vehicles is further supplementing the growth of the automotive V2X market. The regulatory bodies across the globe are constantly working on augmenting the existing in-vehicle technologies and mandating the use of ADAS systems in vehicles. Government guidelines are encouraging car manufacturers to develop new & advanced V2X communications to comply with the safety mandates.
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Dedicated Short Range Communication (DSRC) technology is being increasingly used in autonomous vehicles to enable high data transmission speeds and paramount in various active safety applications. The regulatory authorities in developed nations including the U.S. have introduced various guidelines for use of the DSRC technology in V2X applications. This has further promoted its usage in autonomous vehicles to comply with various vehicle-related safety and mobility issues. Apart from the DSRC technology, automakers are also investing in cellular technology to collect information related to weather & road conditions, accidents, and obstacles within the vicinity of cars.
The North America region holds a major share in the automotive V2X market due to favorable government initiatives. The road safety organizations in the region have engaged in various activities to accelerate the innovation on automotive V2X landscape to improve transportation and road safety. Major players operating in the market have conducted many product testing initiatives to develop advanced versions of their existing V2X technology.
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Major players in the automotive V2X market are continental, Delphi Automotive, Intel, NXP Semiconductors, Qualcomm, Intel, Autotalks, Audi, TomTom, Robert Bosch, Infineon Technology, Daimler, and Harman International.
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