Press release
Vehicle-to-everything (V2X) Test Equipment Market Analysis By Manufacturers Danlaw Inc, ROHDE & SCHWARZ, Spirent Communications, TATA ELXI, Autotalks
V2X test equipment are the devices used for testing the V2X technology, which is implemented in the connected vehicles. V2X testing equipment are used for conformance testing, function testing, performance testing, penetration testing, accelerated testing, and field testing of V2x technology enabled vehicles. Moreover different V2X application requires different communication performance requirements. For instance, automated cars require low latency and video entertainment applications that require larger frequency bandwidth, which is expected to drive the vehicle-to-everything (V2X) test equipment market growth over the forecast period.Global vehicle-to-everything (V2X) test equipment market is expected to witness a significant growth during the forecast period (2019โ2027). The market growth for vehicle-to-everything (V2X) test equipment is majorly attributed to rising government initiatives for commercializing V2X technology and developing vehicle infrastructure to improve safety, performance, and environmental benefits. For Instance, In May 2019, the U.S.
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* country level analysis for any 5 ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐.
* Competitive analysis of any market players.
* 40 ๐๐๐๐๐๐๐ ๐๐๐๐๐ to cover any other data points
Department of Transportationโs National Highway Traffic Safety Administration (NHTSA) and Federal Motor Carrier Safety Administration (FMCSA) issued a notice to remove unnecessary regulatory barriers to the safe introduction of automated driving systems (ADS) vehicles in the United States. Furthermore, evolution of 5G technology is a major factor that is expected to drive the global vehicle-to-everything (V2X) test equipment market, before adopting it in the V2X technology.
The major restraining factor for global vehicle-to-everything (V2X) test equipment market include high cost while performing the V2X testing. V2X testing are performed under virtual and real environments before commercializing this technology in the market. Performing V2X test in real environment require lot of time and money, owing to which companies prefer performing V2X testing using virtual function testing system, which involves testing using software simulators. These factors are expected to hamper the market over the forecast period.
Increasing Demand for Cellular Vehicle-to-everything (C-V2X) Technology across the Globe is expected to fuel Growth of the Global Vehicle-to-everything (V2X) Test Equipment Market.
Among connectivity type, dedicated short range communications (DSRC) segment accounted for 100% of the market share in 2018, as cellular connectivity is still in testing phase and will commercialize in 2020-2021. DSRC is an old connectivity technology and is implemented in almost all the V2x enabled vehicles today. Cellular connectivity segment is the fastest growing segment, which is expected to exhibit highest CAGR of around 66% during the forecast period.
Various automobile companies are developing and testing the C-V2X technology. For instance, in February 2017, Orange and PSA Group collaborated to complete the initial testing of C-V2X technology in France and are now performing further tests with Qualcomm. Furthermore, in October 2017, AT&T, Ford, Nokia, and Qualcomm performed trial and testing of C-V2X technologies in San Diego, U.S. to validate the potential of C-V2X connectivity technologies to improve automotive safety, enable automated driving, and increase traffic efficiency. Moreover various automobile and technology companies are focused in partnerships to develop C-V2X technology. For instance, In July 2018 Audi, Ericsson, Qualcomm, SWARCO Traffic Systems, and the University of Kaiserslautern entered into partnership to develop Connected Vehicle-to-everything of Tomorrow (ConVeX) to test C-V2X connectivity. This is expected to fuel growth of the market over the forecast period.
Major players operating in the global vehicle-to-everything (V2X) test equipment market include Danlaw Inc, ROHDE & SCHWARZ, Spirent Communications, TATA ELXI, Autotalks Ltd., Science & Engineering Applications Datentechnik GmbH, OnBoard Security, Inc, ADAS iiT, 7layers GmbH, Anritsu, Intertek Group plc, DEKRA CERTIFICATION B.V., Sanjole,Inc, and Others.
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