C-V2X Market 2020 How the Business Will Grow in 2025? Prominent Players: AT&T Inc., Autotalks Ltd., Commsignia Ltd., Continental AG, Ficosa Internacional SA, GENVICT, Huawei Technologies Co. Ltd., Infineon Technologies AG, Intel Corporation, Keysight Tech

C-V2X market 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.

With the presence of many leading automotive companies and partnerships with global technology firms, Asia-Pacific C-V2X 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.

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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.

Increasing sales of luxury automobiles, supported by easily available car financing, has enabled manufacturers to install advanced functions like driver assistance systems. Modern informant systems and vehicle telematics installed in cars are experiencing a definite surge, driving the utilization of C-V2X products with an emphasis on enhancing comfort and complying with regulations for driver safety. Interest from global carmakers and a lack for other efficient alternatives will certainly boost global C-V2X industry trends.

National Highway Traffic Safety Administration (NHTSA), the U.S. transportation agency, had proposed a V2V regulatory mandate in 2016 that requires Dedicated Short-Range Communications (DSRC) technology to be installed in vehicles. However, NHTSA did not act on the proposal which left the door open for C-V2X market to secure a foothold in the industry. Ford, world's leading automobile manufacturer, showed consistent support for the technological solutions and announced that it will be introducing V2X communications beginning from the year 2022.

According to the safety facts listed by NHTSA, around 615,000 number of vehicles can be prevented from crashing by using cellular vehicle to vehicle (C-V2V) technology. EU's framework program for research and innovation, Horizon 2020, has appropriated a budget of $353 million to support research and development on all automated vehicles. Similar initiatives will undoubtedly augment C-V2X market share over the forecast timespan. Reports confirm that Europe accounted for the highest revenues accrued by global C-V2X market in 2018, with a share of nearly 40%.

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Owing to remarkable achievements in deploying communication network equipment and integrating crucial V2V systems within vehicles, C-V2X 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.

Table of Contents (ToC) of the report:

Chapter 6. C-V2X Market, By Component
6.1. Key trends, by component
6.2. Hardware
6.2.1. Market estimates and forecast, 2018 - 2025
6.3. Software
6.3.1. Market estimates and forecast, 2018 - 2025

Chapter 7. C-V2X Market, By Application
7.1. Key trends, by application
7.2. Fleet management
7.2.1. Market estimates and forecast, 2018 - 2025
7.3. Autonomous driving
7.3.1. Market estimates and forecast, 2018 - 2025
7.4. Collision avoidance
7.4.1. Market estimates and forecast, 2018 - 2025
7.5. Intelligent traffic system
7.5.1. Market estimates and forecast, 2018 - 2025
7.6. Parking management system
7.6.1. Market estimates and forecast, 2018 - 2025
7.7. Others
7.7.1. Market estimates and forecast, 2018 - 2025

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