Global Automotive V2X (V2V, V2I, V2P, V2G, V2C, and V2D)


DUBLIN, Sept. 26, 2022 (GLOBE NEWSWIRE) — The Global Automotive V2X Market Forecast to 2028 report has been added ResearchAndMarkets.com Offer.

The global automotive V2X market is projected to grow from $2.6 billion in 2022 to $19.5 billion in 2028 at a CAGR of 39.7%.

Parameters such as increasing demand for networked vehicles and increasing demand for autonomous mobility. Additionally, advances in 5G technology coupled with government support for V2X technology will create new opportunities for this market.

The DSRC segment is projected to be the largest market by connectivity during the forecast period

Dedicated short-range communications (DSRC) of the automotive V2X market is expected to be the largest segment during the forecast period. DSRC is based on IEEE 802.11p connectivity, a Wi-Fi offshoot. It operates in the license-free 5.9 GHz frequency band.

This connectivity is referred to in the European Cooperative Intelligent Transport Systems (C-ITS) as Wireless Access for Vehicular Environments (WAVE) and ITS-G5. V2X communication via DSRC occurs outside of line of sight, unlike sensors that include radar, cameras and LiDAR. This connectivity mainly covers V2I and V2V cases and offers speed limit warnings, electronic parking, toll payments and collision warnings.

Functional aspects of DSRC include low latency (~2ms), short range (less than 1 km) and high reliability. The main aspect driving the DSRC V2X market is the ability to communicate effectively between fast-moving vehicles at a data rate of 3 to 27 Mbit/s over a distance of at least 300 m.

DSRC connectivity has matured over the years since its inception more than 10 years ago. It has already been tested and used. These factors would also drive the growth of this segment.

Significant growth is expected for North America in the forecast period

It is estimated that the North American region will witness significant growth over the forecast period. The North American automotive industry is one of the fastest growing industries on a global scale.

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Home to the Big Three – Ford Motors, General Motors and Fiat Chrysler Automobiles – the US auto market has favored passenger cars with advanced comfort and safety technologies.

The US is the largest market in the region, accounting for more than two-thirds of the total, followed by Mexico and Canada. The market is dominated by American OEMs such as Ford Motors, General Motors and Fiat-Chrysler Automotive as well as established European and Asian OEMs such as Toyota (Japan), Nissan (Japan), Honda (Japan), Hyundai/Kia (South Korea), BMW Group ( Germany) and Volkswagen Group (Germany).

The continuous development of safety regulations in North American countries, e.g. For example, the possibility of mandatory installation of rear-view cameras in the US and the discussion about regulations for V2V communication would propel the North American market for connected cars in the coming years.

The presence of key automotive companies such as Qualcomm Incorporated and HARMAN International would help propel the North American V2X market.

The electric vehicle segment is estimated to be the promising segment in the automotive V2X market during the forecast period

Electric vehicles are expected to be the promising powertrain segment during the forecast period. Electric vehicles represent a significant step forward in curbing environmental concerns related to the environment.

However, the growing energy demand of electric vehicles also poses major challenges for the stability of the power grid. This is expected to increase demand for Vehicle-to-Grid (V2G) technology. V2G enables electric vehicles to export their unused battery capacity back to the grid to fill gaps in renewable energy generation. Electric vehicles equipped with V2X enable an additional V2G (Vehicle-to-Grid) function compared to ICE vehicles.

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The V2G function allows regulation of EV charging rates or feeding the power back to the grid when not required by the EV. This communication contributes to improving the economic, environmental and operational aspects of electric vehicles. The V2V and V2I communication offers high security and fuel economy and this together with V2G offers improved performance compared to V2X equipped ICE vehicles.

This major factor would drive the EV-V2X market during the forecast period. Many leading vehicle manufacturers such as Nissan offer electric vehicles equipped with V2X. In addition, companies such as Virta Global (Finland), Nuvve Holding Corp. (USA) and AC Propulsion, Inc. (USA) offer V2X technology to end users.

competitive landscape

The automotive V2X market is dominated by major players such as Qualcomm Incorporated (USA), Autotalks (Israel), Continental AG (Germany), Cohda Wireless (Australia) and Robert Bosch GmbH (Germany). These companies have a strong product portfolio and strong distribution networks on a global scale.

Premium Insights

  • Increased focus on autonomous mobility and connected car technology to fuel automotive V2X market growth
  • V2V to become dominant segment of automotive V2X market (USD million)
  • Dsrc becomes larger segment of automotive V2X market (thousand units)
  • Combustion engines remain larger market segment (in thousands of units)
  • Software will be a larger segment of the automotive V2X market in 2022 (USD million)
  • Passenger Cars with Larger Share of Automotive V2X Market, 2022 Vs. 2028 (thousand units)
  • On-board units will have larger share in automotive V2X market, 2022 Vs. 2028 (thousand units)
  • Automated Driver Assistance as Largest Market Segment, 2022 Vs. 2028 (USD million)
  • Asia Pacific is expected to be the largest market for Automotive V2X

market dynamics

driver

  • Increasing demand for fully autonomous driving and safe vehicles
  • Concerns about pollution
  • Pollution Facts
  • Developments in connected car technology and growing collaborations
  • Impact of connected vehicles
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limitations

  • Latency/Reliability Challenges
  • Lack of infrastructure for proper functioning

occasions

  • Government support for V2X technology
  • Advances in 5G technology
  • High speed data and performance level
  • Comparison of speeds of different network types
  • 5G V2X Use Case Services
  • Development in autonomous vehicles
  • US L3 and L4 Autonomous Car Market, 2018 vs 2022 vs 2025 (thousand units)

challenges

  • Vulnerability to cyber attacks
  • Baseline standards for security and privacy developed by the European Telecommunications Standards Institute (ETSI)

Analyst Recommendations

  • Europe is becoming an important market for Automotive V2X
  • Cellular connectivity as the key to V2X communication
  • V2G communication is emerging as a promising segment

industry trends

Technological Analysis
Cellular V2X (C-V2X)
Cumulative gain using 5G Nr (new radio) C-V2X
6.5.1.1 Lte-V2X
6.5.1.2 5G V2X

case study
6.7.1 Pilot Project on Virginia Smart Road
6.7.2 Vehicle Positioning Accuracy in New York
6.7.3 Towards the zero road safety strategy
6.7.4 Prepare roads for autonomous vehicles
6.7.5 Pilot Project on San Diego Roadways

Porter’s Five Forces Analysis

Automotive V2X market ecosystem

Analysis of the value chain

company profiles

key figures

Qualcomm Incorporated
auto talks
Continental Ag
Robert Bosch GMBH
Cohda Wireless
Borgwarner Inc.
Nxp semiconductor
Infineon Technologies Ag
Denso Corporation
StMicroelectronics
Harman International

Other key players
Kapsch Group
Marben products
Capgemini engineering
Nokia
Dspace GmbH
Ficosa Internacional Sat
encrypt
Vector Informatik GmbH
Volkswagen AG
BMW Ag
Mercedes-Benz Group Ag
Audi Ag
Renault group
Mclaren Group
Unex Technology Corp.
Mitsubishi Corporation
Flex Ltd
Huawei Technologies Co.,Ltd.
Tata Motors
Hitachi Solutions, Ltd.
Hyundai Motor Co
Nissan Motor Co.,Ltd.
Lear Corporation
Intel Corporation
Danlaw, Inc.
Commsignia Ltd.
General Motors
Ford Motor Company

For more information about this report, visit https://www.researchandmarkets.com/r/ss9pdc

  • Global Automotive V2X Market


        



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