Automotive Vehicle-To-Everything (V2x) Chip Market With In-Detailed Competitor Analysis, Forecast To 2031 | Qualcomm, NXP, Autotalks, Morningcore, TI

Market Overview:

Vehicle-to-everything (V2X) chips enable connectivity between vehicles, infrastructure, pedestrians and other road users. These chips help improve road safety by providing real-time traffic, road condition information and hazard warnings. They support applications such as autonomous driving, congestion control, smart transport and infotainment services.

Market Dynamics:

The automotive V2X chip market is driven by rising adoption of connected vehicle technology and stringent road safety regulations. Connected vehicles send and receive a variety of information including location, speed and way which helps avoid collisions and traffic congestion. Most nations are developing regulations for V2X technology and mandating integration of advanced driver assistance systems which is prompting automakers to install V2X chips. Furthermore, governments are investing heavily in developing V2X infrastructure including dedicated short-range communication technology based roadside units which create a robust environment for growth of the V2X chip market during the forecast period.

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Improving Road Safety is a Primary Driver for Automotive V2X Chip Market Growth:

Connectivity between vehicles and infrastructure is leading to the development of new safety applications. Features like forward collision warnings, intersection movement assist, left turn assist, and emergency electronic brake lights can help avoid accidents and reduce traffic fatalities. According to the World Health Organization, road traffic crashes are the eighth leading cause of death globally. Automakers are working on integrating V2X technology as standard to tackle this issue. The ability to share location, speed and trajectory data in real-time helps drivers react more quickly to potential hazards. Regulators are also encouraging automakers to adopt inter-vehicle communication standards to futureproof road safety systems. As a result, the automotive V2X chip market is expected to see strong revenue growth over the next decade to support these emerging active safety applications.

Reducing Congestion is Another Primary Driver for Automotive V2X Chip Market Adoption:

Traffic congestion has detrimental environmental and economic impacts. According to a report by INRIX, the average U.S. driver wastes $1,340 and 56 hours each year due to congestion. Coordinated vehicle networks using V2X technology can help traffic planners and commuters reduce delays. Applications being developed include cooperative adaptive cruise control, platoon formation for fuel efficiency on highways, and autonomous intersection management. This allows cars to travel closer together at near-optimal speeds without human error. Congestion can also be addressed through route guidance and traffic signal phase information from nearby intersections. The ability of V2X to optimize traffic flow makes it an appealing option for cities and transportation authorities looking for congestion reduction solutions. This in turn drives up demand for automotive V2X chips.

Lack of Interoperability Standards is a Key Market Restrain for Automotive V2X Chip Market:

While the advantages of V2X technology are clear, achieving global interoperability remains a challenge holding back wider adoption. Currently, there are competing dedicated short-range communication (DSRC) and cellular vehicle-to-everything (C-V2X) standards. Automakers must support both to cater to different regional requirements limiting global scalability. In the U.S., DSRC is being deployed but in Europe and China, automakers favor cellular-based C-V2X. Agreement on common globally recognized V2X standards would help accelerate large-scale deployments. However, the incompatibility between the two proposed standards creates fragmentation hampering further investments until the issue is resolved. This lack of clear consensus on an interoperable communication method is a key market obstacle limiting automotive V2X chip supplies currently.

Emerging Applications in Smart Cities Offer Significant Opportunity for Automotive V2X Chips:

Alongside safer driving and reduced congestion, V2X also enables applications with far-reaching smart city benefits. Connected vehicles can support intelligent traffic signal systems, parking availability information, electronic toll collection, remote vehicle diagnostics, infotainment access, and advanced autonomous driving. As cities worldwide put focus on smart mobility roadmaps, they see potential in vehicle networks. For example, GLOSA or Green Light Optimized Speed Advisory uses signal phase data from intersections to recommend optimal speeds to "platoon" vehicles through several green lights consecutively. This type of cooperative intelligent transport system improves overall traffic flow while lowering emissions. Emerging smart city and smart infrastructure initiatives worldwide present a large market opportunity for auto suppliers to provide V2X chipsets supporting the latest mobility applications.

Growing Autonomous Driving Investments will Boost Demand for Automotive V2X Chips:

Major automakers and technology companies continue ramping up R&D spending towards developing fully autonomous vehicles. Vehicle-to-everything communication will play a vital role in allowing self-driving cars to safely navigate complex road situations. Technologies like Cooperative Adaptive Cruise Control allow platooning of autonomous vehicles on highways with enhanced safety. Vehicle networks also aid autonomous vehicles in intersection handling, maneuver coordination, electronic emergency braking, and vulnerable road user protection. As companies progress towards autonomous vehicle rollout, demand is increasing for networking components including antennas, processors and modems. This drives the need for automotive V2X chip suppliers to deliver the advanced performance, security and connectivity capabilities necessary to support growing autonomous transportation requirements. The autonomous vehicle market trajectory indicates substantial future revenues for this evolving autom

List of the Top Key Players of the Automotive Vehicle-To-Everything (V2x) Chip Market:

✦ Qualcomm
✦ NXP
✦ Autotalks
✦ Morningcore
✦ TI

Segmentation by type:

✦ V2V
✦ V2I
✦ V2P
✦ Other

Segmentation by Application:

✦ Passenger Vehicle
✦ Commercial Vehicle

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Objectives of the Report:

✅To evaluate and research micro markets with regard to their potential, growth patterns, and contributions to the Automotive Vehicle-To-Everything (V2x) Chip market.

✅ To provide accurate and helpful information regarding the elements influencing the Automotive Vehicle-To-Everything (V2x) Chip market's growth.

✅To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive Vehicle-To-Everything (V2x) Chip market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

✅ To showcase the development of the Automotive Vehicle-To-Everything (V2x) Chip market in different parts of the world.

Key takeaways from the Automotive Vehicle-To-Everything (V2x) Chip market report:

➤ Detailed consideration of Automotive Vehicle-To-Everything (V2x) Chip market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
➤ Comprehensive valuation of all prospects and threats in the
➤ In-depth study of industry strategies for growth of the Automotive Vehicle-To-Everything (V2x) Chip market-leading players.
➤ Automotive Vehicle-To-Everything (V2x) Chip market latest innovations and major procedures.
➤ Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
➤ Conclusive study about the growth conspiracy of Automotive Vehicle-To-Everything (V2x) Chip market for forthcoming years.

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Reasons to purchase Report:

✔︎ This Report Profiles Key Players In The Automotive Vehicle-To-Everything (V2x) Chip Market Based On The Following Parameters - Company Details (Found Date, Headquarters, Manufacturing Bases), Products Portfolio, Sales Data, Market Share And Ranking.

✔︎ This Market Report Illustrates Key Insights About Market Drivers, Restraints, Opportunities, Market Trends, Regional Outlook.

✔︎ This Report Provides In-Depth Analysis Of The Automotive Vehicle-To-Everything (V2x) Chip Market, And Provides Market Size (US$ Million) And CAGR For The Forecast Period (2024-2031), Considering 2023 As The Base Year.

✔︎ This Report Elucidates Potential Market Opportunities Across Different Segments And Explains Attractive Investment Proposition Matrices For This Market.

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