Automotive V2X Market Projection By Top Key Players – Medtronic, Stryker, Fresenius SE & Co. KGaA, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd, General Electric Company Market Research Forecast 2028

A new market study, titled “Automotive V2X Market Forecast 2021-2028” has been featured on Fortune Business Insights™.



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Market Overview-

The global automotive V2X market size is anticipated to hit USD 7,351.9 million by 2028 from USD 628.9 million in 2021 and exhibit a CAGR of 42.1% during the forecast period. Automotive vehicle-to-everything enables vehicle-to-vehicle communication in real-time and enables vehicles to communicate with their surroundings. The growing demand for autonomous vehicles and the increasing digitization of vehicles are anticipated to fuel the market growth. Fortune Business Insights™ has presented this information in its report titled, “Automotive V2X Market, 2021-2028”. The market size stood at USD 529.6 million in 2020.

Automotive V2X technology can detect congestion-causing factors and help vehicles to mitigate the congestion on the road. The technology can help in the reduction of supply chain delays by detecting road blockages. This will facilitate more efficient transportation and increase economic savings. The economic savings owing to V2X technology are likely to accumulate growth for the market.

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COVID-19 Impact-

The global pandemic has significantly impacted the growth of several industries and markets. However, the demand for automotive V2X technology has augmented during the pandemic due to the need for autonomous vehicles to deliver supplies. The improved safety offered by autonomous vehicles augmented the demand for this technology and flourished the market growth. The investments in the future-mobility technologies made during the pandemic have supported the market’s growth. The market is anticipated to witness unprecedented growth in the coming years.

Segmentation-

On the basis of connectivity type, the market is bifurcated into cellular and DSRC. On the basis of communication type, the market is segmented into vehicle-to-pedestrian (V2P), vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), and others. On the basis of vehicle type, the market is categorized into commercial vehicles and passenger cars. On the basis of unit type, the market is fragmented into the roadside unit and on-board unit. Geographically, the market is classified into four major regions- North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage-

The report follows top-down and bottom-up approaches to market research.
The report provides vital information on different market segments; communication type, connectivity type, unit type, and others.
The report incorporates Porters’ Five Forces Analysis for an infallible market prediction.
The report evaluates the impact of the COVID-19 pandemic and suggests future growth strategies.
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Drivers & Restraints-

Increased Traffic Safety Benefits to Accumulate Growth for the Market

According to the report published by WHO in 2018 on road safety, more than 1.3 million fatalities occur every year due to vehicular traffic-related incidents. The V2X technology can help reduce these numbers as the technology can detect any potential threat and alert the driver accordingly. The increased traffic safety benefits through the employment of this technology are likely to boost the automotive V2X market growth.



V2X technology can detect any congestion on the road and alert the driver to act accordingly. This increases the economic savings and makes the transportation system more efficient. As per the U.S. DOT, approximately USD 871 billion can be saved in the U.S. using this technology. Hence, the economic savings gained through the technology are anticipated to boost the growth of the market.

Additionally, the increasing digitization of vehicles and the increasing investments to make vehicles smarter are expected to fuel the market growth. However, the technology's high setup and testing costs are likely to impede the growth of the market.

Regional Insights-

Asia Pacific to Gain the Largest Share due to the Increasing Demand for Autonomous Vehicles

Asia Pacific is anticipated to hold the largest portion of the automotive V2X market share. China and Japan are projected to lead the technology development in Asia Pacific. The increasing demand for autonomous vehicles and the development of efficient V2X technology is anticipated to drive the market growth.

Europe is expected to exhibit stellar growth in the global market due to the increased research initiatives, collaborative testing, and industrial consortiums for V2X communication. The development of intelligent transport systems and the implementation of these systems is expected to fuel market growth.

North America is projected to witness robust growth in the upcoming years due to major automakers' escalating deployment of the technology.

Competitive Landscape-

Key Players Partner Up to Deliver Smart Automotive Solutions & Garner Growth

The market is fairly competitive, and the key players in the market focus on the development of efficient V2X technology. To improve market positions and garner growth, the key players adopt ingenious growth strategies such as new product launches, technological developments, patents, partnerships, mergers, acquisitions, and others. Most recently, GM and Qualcomm Technologies extended their partnership in January 2021 to deliver automotive solutions to GM’s next-generation telematics systems, digital cockpits, and future advanced driver assistance systems.

Industry Developments-

November 2020: Subaru Corporation and Softbank Corp. successfully verified the world's first on-site merging vehicle assistance that uses Cellular V2X and 5G.
Key Players in this Market are:

Denso Corporation (Aichi, Japan)
Aptiv (Dublin, Ireland)
Infineon Technologies AG (Neubiberg, Germany)
Continental AG (Hanover, Germany)
Qualcomm Technologies, Inc. (San Diego, U.S.)
Autotalks Ltd. (Kfar-Netter, Israel)
Cohda Wireless (Wayville, Australia)
Kapsch TrafficCom (Vienna, Austria)
Savari Inc. (California, Inc)
Lear Corporation (Michigan, U.S.)
LG Electronics (Seoul, South Korea)
Ford Motor Company (Michigan, U.S.)
Robert Bosch GmbH (Gerlingen, Germany)
NXP Semiconductors (Eindhoven, Netherlands)
Harman International (Connecticut, U.S.)




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Table of Content

Introduction
1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

Executive Summary
Market Dynamics
3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

Key Insights
4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships

4.2. Porter’s Five Forces Analysis

4.3. SWOT Analysis

4.4. Technological Developments

4.5. Value Chain Analysis

4.6. Impact of COVID-19 on Automotive V2X

Global Automotive V2X Market Analysis, Insights and Forecast, 2017-2028
5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast – By Connectivity Type

5.2.1. DSRC

5.2.2. Cellular

5.3. Market Analysis, Insights and Forecast – By Communication Type

5.3.1. Vehicle-to-Infrastructure (V2I)

5.3.2. Vehicle-to-Vehicle (V2V)

5.3.3. Vehicle-to-Pedestrian (V2P)

5.3.4. Others

5.4. Market Analysis, Insights and Forecast – By Vehicle Type

5.4.1. Passenger Cars

5.4.2. Commercial Vehicles

5.5. Market Analysis, Insights and Forecast – By Unit Type

5.5.1. On-Board Unit

5.5.2. Roadside Unit

5.6. Market Analysis, Insights and Forecast – By Region

5.6.1. North America

5.6.2. Europe

5.6.3. Asia Pacific

5.6.4. Rest of The World

North America Automotive V2X Market Analysis, Insights and Forecast, 2017-2028
6.1. Key Findings / Summary

6.2. Market Analysis, Insights and Forecast – By Connectivity Type

6.2.1. DSRC

6.2.2. Cellular

6.3. Market Analysis, Insights and Forecast – By Communication Type

6.3.1. Vehicle-to-Infrastructure (V2I)

6.3.2. Vehicle-to-Vehicle (V2V)

6.3.3. Vehicle-to-Pedestrian (V2P)

6.3.4. Others

6.4. Market Analysis, Insights and Forecast – By Vehicle Type

6.4.1. Passenger Cars

6.4.2. Commercial Vehicles

6.5. Market Analysis, Insights and Forecast – By Unit Type

6.5.1. On-Board Unit

6.5.2. Roadside Unit

6.6. Market Analysis, Insights and Forecast – By Country

6.6.1. United States

6.6.1.1. By Connectivity Type

6.6.1.1.1. DSRC

6.6.1.1.2. Cellular

6.6.1.2. By Communication Type

6.6.1.2.1. Vehicle-to-Infrastructure (V2I)

6.6.1.2.2. Vehicle-to-Vehicle (V2V)

6.6.1.2.3. Vehicle-to-Pedestrian (V2P)

6.6.1.2.4. Others

6.6.1.3. By Vehicle Type

6.6.1.3.1. Passenger Cars

6.6.1.3.2. Commercial Vehicles

6.6.1.4. By Unit Type

6.6.1.4.1. On-Board Unit

6.6.1.4.2. Roadside Unit

6.6.2. Canada

6.6.2.1. By Connectivity Type

6.6.2.1.1. DSRC

6.6.2.1.2. Cellular

6.6.2.2. By Communication Type

6.6.2.2.1. Vehicle-to-Infrastructure (V2I)

6.6.2.2.2. Vehicle-to-Vehicle (V2V)

6.6.2.2.3. Vehicle-to-Pedestrian (V2P)

6.6.2.2.4. Others

6.6.2.3. By Vehicle Type

6.6.2.3.1. Passenger Cars

6.6.2.3.2. Commercial Vehicles

6.6.2.4. By Unit Type

6.6.2.4.1. On-Board Unit

6.6.2.4.2. Roadside Unit

6.6.3. Mexico

6.6.3.1. By Connectivity Type

6.6.3.1.1. DSRC

6.6.3.1.2. Cellular

6.6.3.2. By Communication Type

6.6.3.2.1. Vehicle-to-Infrastructure (V2I)

6.6.3.2.2. Vehicle-to-Vehicle (V2V)

6.6.3.2.3. Vehicle-to-Pedestrian (V2P)

6.6.3.2.4. Others

6.6.3.3. By Vehicle Type

6.6.3.3.1. Passenger Cars

6.6.3.3.2. Commercial Vehicles

6.6.3.4. By Unit Type

6.6.3.4.1. On-Board Unit

6.6.3.4.2. Roadside Unit

Europe Automotive V2X Market Analysis, Insights and Forecast, 2017-2028
7.1. Key Findings / Summary

7.2. Market Analysis, Insights and Forecast – By Connectivity Type

7.2.1. DSRC

7.2.2. Cellular

7.3. Market Analysis, Insights and Forecast – By Communication Type

7.3.1. Vehicle-to-Infrastructure (V2I)

7.3.2. Vehicle-to-Vehicle (V2V)

7.3.3. Vehicle-to-Pedestrian (V2P)

7.3.4. Others

7.4. Market Analysis, Insights and Forecast – By Vehicle Type

7.4.1. Passenger Cars

7.4.2. Commercial Vehicles

7.5. Market Analysis, Insights and Forecast – By Unit Type

7.5.1. On-Board Unit

7.5.2. Roadside Unit

7.6. Market Analysis, Insights and Forecast – By Country

7.6.1. United Kingdom

7.6.1.1. By Connectivity Type

7.6.1.1.1. DSRC

7.6.1.1.2. Cellular

7.6.1.2. By Communication Type

7.6.1.2.1. Vehicle-to-Infrastructure (V2I)

7.6.1.2.2. Vehicle-to-Vehicle (V2V)

7.6.1.2.3. Vehicle-to-Pedestrian (V2P)

7.6.1.2.4. Others

7.6.1.3. By Vehicle Type

7.6.1.3.1. Passenger Cars

7.6.1.3.2. Commercial Vehicles

7.6.1.4. By Unit Type

7.6.1.4.1. On-Board Unit

7.6.1.4.2. Roadside Unit

7.6.2. Germany

7.6.2.1. By Connectivity Type

7.6.2.1.1. DSRC

7.6.2.1.2. Cellular

7.6.2.2. By Communication Type

7.6.2.2.1. Vehicle-to-Infrastructure (V2I)

7.6.2.2.2. Vehicle-to-Vehicle (V2V)

7.6.2.2.3. Vehicle-to-Pedestrian (V2P)

7.6.2.2.4. Others

7.6.2.3. By Vehicle Type

7.6.2.3.1. Passenger Cars

7.6.2.3.2. Commercial Vehicles

7.6.2.4. By Unit Type

7.6.2.4.1. On-Board Unit

7.6.2.4.2. Roadside Unit

7.6.3. France

7.6.3.1. By Connectivity Type

7.6.3.1.1. DSRC

7.6.3.1.2. Cellular

7.6.3.2. By Communication Type

7.6.3.2.1. Vehicle-to-Infrastructure (V2I)

7.6.3.2.2. Vehicle-to-Vehicle (V2V)

7.6.3.2.3. Vehicle-to-Pedestrian (V2P)

7.6.3.2.4. Others

7.6.3.3. By Vehicle Type

7.6.3.3.1. Passenger Cars

7.6.3.3.2. Commercial Vehicles

7.6.3.4. By Unit Type

7.6.3.4.1. On-Board Unit

7.6.3.4.2. Roadside Unit

7.6.4. Rest of Europe

7.6.4.1. By Connectivity Type

7.6.4.1.1. DSRC

7.6.4.1.2. Cellular

7.6.4.2. By Communication Type

7.6.4.2.1. Vehicle-to-Infrastructure (V2I)

7.6.4.2.2. Vehicle-to-Vehicle (V2V)

7.6.4.2.3. Vehicle-to-Pedestrian (V2P)

7.6.4.2.4. Others

7.6.4.3. By Vehicle Type

7.6.4.3.1. Passenger Cars

7.6.4.3.2. Commercial Vehicles

7.6.4.4. By Unit Type

7.6.4.4.1. On-Board Unit

7.6.4.4.2. Roadside Unit

Asia Pacific Automotive V2X Market Analysis, Insights and Forecast, 2017-2028
8.1. Key Findings / Summary

8.2. Market Analysis, Insights and Forecast – By Connectivity Type

8.2.1. DSRC

8.2.2. Cellular

8.3. Market Analysis, Insights and Forecast – By Communication Type

8.3.1. Vehicle-to-Infrastructure (V2I)

8.3.2. Vehicle-to-Vehicle (V2V)

8.3.3. Vehicle-to-Pedestrian (V2P)

8.3.4. Others

8.4. Market Analysis, Insights and Forecast – By Vehicle Type

8.4.1. Passenger Cars

8.4.2. Commercial Vehicles

8.5. Market Analysis, Insights and Forecast – By Unit Type

8.5.1. On-Board Unit

8.5.2. Roadside Unit

8.6. Market Analysis, Insights and Forecast – By Country

8.6.1. China

8.6.1.1. By Connectivity Type

8.6.1.1.1. DSRC

8.6.1.1.2. Cellular

8.6.1.2. By Communication Type

8.6.1.2.1. Vehicle-to-Infrastructure (V2I)

8.6.1.2.2. Vehicle-to-Vehicle (V2V)

8.6.1.2.3. Vehicle-to-Pedestrian (V2P)

8.6.1.2.4. Others

8.6.1.3. By Vehicle Type

8.6.1.3.1. Passenger Cars

8.6.1.3.2. Commercial Vehicles

8.6.1.4. By Unit Type

8.6.1.4.1. On-Board Unit

8.6.1.4.2. Roadside Unit

8.6.2. India

8.6.2.1. By Connectivity Type

8.6.2.1.1. DSRC

8.6.2.1.2. Cellular

8.6.2.2. By Communication Type

8.6.2.2.1. Vehicle-to-Infrastructure (V2I)

8.6.2.2.2. Vehicle-to-Vehicle (V2V)

8.6.2.2.3. Vehicle-to-Pedestrian (V2P)

8.6.2.2.4. Others

8.6.2.3. By Vehicle Type

8.6.2.3.1. Passenger Cars

8.6.2.3.2. Commercial Vehicles

8.6.2.4. By Unit Type

8.6.2.4.1. On-Board Unit

8.6.2.4.2. Roadside Unit

8.6.3. Japan

8.6.3.1. By Connectivity Type

8.6.3.1.1. DSRC

8.6.3.1.2. Cellular

8.6.3.2. By Communication Type

8.6.3.2.1. Vehicle-to-Infrastructure (V2I)

8.6.3.2.2. Vehicle-to-Vehicle (V2V)

8.6.3.2.3. Vehicle-to-Pedestrian (V2P)

8.6.3.2.4. Others

8.6.3.3. By Vehicle Type

8.6.3.3.1. Passenger Cars

8.6.3.3.2. Commercial Vehicles

8.6.3.4. By Unit Type

8.6.3.4.1. On-Board Unit

8.6.3.4.2. Roadside Unit

8.6.4. South Korea

8.6.4.1. By Connectivity Type

8.6.4.1.1. DSRC

8.6.4.1.2. Cellular

8.6.4.2. By Communication Type

8.6.4.2.1. Vehicle-to-Infrastructure (V2I)

8.6.4.2.2. Vehicle-to-Vehicle (V2V)

8.6.4.2.3. Vehicle-to-Pedestrian (V2P)

8.6.4.2.4. Others

8.6.4.3. By Vehicle Type

8.6.4.3.1. Passenger Cars

8.6.4.3.2. Commercial Vehicles

8.6.4.4. By Unit Type

8.6.4.4.1. On-Board Unit

8.6.4.4.2. Roadside Unit

8.6.5. Rest of Asia Pacific

8.6.5.1. By Connectivity Type

8.6.5.1.1. DSRC

8.6.5.1.2. Cellular

8.6.5.2. By Communication Type

8.6.5.2.1. Vehicle-to-Infrastructure (V2I)

8.6.5.2.2. Vehicle-to-Vehicle (V2V)

8.6.5.2.3. Vehicle-to-Pedestrian (V2P)

8.6.5.2.4. Others

8.6.5.3. By Vehicle Type

8.6.5.3.1. Passenger Cars

8.6.5.3.2. Commercial Vehicles

8.6.5.4. By Unit Type

8.6.5.4.1. On-Board Unit

8.6.5.4.2. Roadside Unit

Rest of The World Automotive V2X Market Analysis, Insights and Forecast, 2017-2028
9.1. Key Findings / Summary

9.2. Market Analysis, Insights and Forecast – By Connectivity Type

9.2.1. DSRC

9.2.2. Cellular

9.3. Market Analysis, Insights and Forecast – By Communication Type

9.3.1. Vehicle-to-Infrastructure (V2I)

9.3.2. Vehicle-to-Vehicle (V2V)

9.3.3. Vehicle-to-Pedestrian (V2P)

9.3.4. Others

9.4. Market Analysis, Insights and Forecast – By Vehicle Type

9.4.1. Passenger Cars

9.4.2. Commercial Vehicles

9.5. Market Analysis, Insights and Forecast – By Unit Type

9.5.1. On-Board Unit

9.5.2. Roadside Unit

Competitive Analysis
10.1. Key Industry Developments

10.2. Global Market Position Analysis (2020)

10.3. Competition Dashboard

10.4. Comparative Analysis – Major Players

10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))

10.5.1. DENSO CORPORATION

10.5.2. Aptiv

10.5.3. Infineon Technologies AG

10.5.4. Continental AG

10.5.5. Qualcomm Technologies, Inc.

10.5.6. Autotalks Ltd.

10.5.7. Cohda Wireless

10.5.8. Kapsch TrafficCom AG

10.5.9. Savari Inc.

10.5.10. Lear Corporation

Continued. . .

NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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