Global Automotive Vehicle to Everything (V2X) Communications Market Growth 2019-2024

V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.
The continuing push to improve safety while reducing the emissions and energy consumption resulting from transportation is driving the development of a number of crucial technologies, including electrification and automated driving systems. One of the key enabling systems for the success of both is the provision of real-time data to vehicles, drivers, and pedestrians through vehicle-to-external communications (V2X) using dedicated short-range communications (DSRC).
Global demand for new vehicles is projected to continue growing over the next decade, particularly in developing markets where dense urbanization is already causing problems with traffic congestion, accident rates, and air quality. Even before there is significant deployment of automated vehicles, V2X connectivity has the potential alleviate some of these issues. DSRC-based V2X systems are anticipated to be deployed by OEMs beginning in 2016 and see rapid expansion over the next decade. In addition to the embedded OEM systems on new vehicles, aftermarket retrofit systems and new smartphones with DSRC capability are expected to be adopted. According to QY Research, global revenue from sales of OEM and aftermarket V2X Communications is projected to reach more than $1.4 billion by 2021.

It is report that GM will be the first car maker to have a V2X system in a production vehicle, with their CTS Cadillac going into production at the end of 2016. Meanwhile in Europe, the Corridor Project will ensure that there is infrastructure in place for the early adopters. Deployment work is happening in parallel in the both the US and Europe, so it will be difficult to pinpoint exactly who deploys first – and even then there will only be months in it.

LTE-V2X is more complex and the market size is smaller than Wi-Fi. Though DSRC’s standard is ready now, but LTE-V2X is a promising evolved technology for V2X services and will further evolve for future V2X.

V2X Communications should make sure the communication reliability, safety of the whole and location accuracy. New communications technologies, system software, chips, GPS modules need to improve and develop to make sure the quality of V2X Communications.

Technically there is little difference between DSRC and LTE. The key difference is that the V2X community has already spent a decade developing DSRC – standards have been published to ensure that all the required functionality is present, large international trials have been conducted to demonstrate that safety benefits can be delivered as predicted , interoperability testing has been undertaken to ensure that equipment from different vendors work with each other, and now certification programs are being developed to ensure that deployments proceed smoothly. Despite the press that LTE has received, it is at the very beginning of all this, and it will take another decade before LTE has reached the same maturity as DSRC for V2X.
On the other hand, LTE is a very mature technology for providing internet connectivity, and is very good at doing this. Modern vehicles will have two systems – and LTE-based infotainment sub-system for delivering driver information and entertainment services, and a DSRC-based V2X sub-system for delivering safety. The infotainment sub-system will bebuilt to a price, and the V2X sub-system will be built to a standard.


According to this study, over the next five years the Automotive Vehicle to Everything (V2X) Communications market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Vehicle to Everything (V2X) Communications business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Vehicle to Everything (V2X) Communications market by product type, application, key manufacturers and key regions and countries.

This study considers the Automotive Vehicle to Everything (V2X) Communications value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Vehicle-to-vehicle communication (V2V communication)
Vehicle-to-Infrastructure (V2I communication)
Vehicle-to-Pedestrian (V2P communication)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Road safety service
Automatic parking system
Emergency vehicles
Auto car service

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Arada Systems
Autotalks Ltd.
Cohda Wireless
Delphi Automotive
Denso
eTrans Systems
Kapsch TrafficCom
Qualcomm
Savari Inc

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Automotive Vehicle to Everything (V2X) Communications consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Vehicle to Everything (V2X) Communications market by identifying its various subsegments.
Focuses on the key global Automotive Vehicle to Everything (V2X) Communications manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Vehicle to Everything (V2X) Communications with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Vehicle to Everything (V2X) Communications submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.