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Automotive Vehicle-to-Everything Market by Offering, Type, Connectivity Type, Vehicle Type, Application - Global Forecast to 2022

Automotive Vehicle-to-Everything Market: Global Forecast until 2022

  • November 2016
  • 209 pages
  • ID: 4392656
In this report:
The automotive vehicle-to-everything market for passenger vehicles is expected to register a shipment of ##,##.## thousand units in 2017 and reach ##,##.## thousand units in 2022, at a CAGR of ##.##% during the forecast period between 2017 and 2022.
The automotive vehicle-to-everything market for commercial vehicles is expected to register a shipment of ##.## thousand units in 2017 and is likely to reach ##.## thousand units by 2022, at a CAGR of ##.##% during the forecast period between 2017 and 2022.


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"Automotive V2X market forecasted to grow at a significant rate"

According to the new market research report on the automotive V2X market, the industry is anticipated to be valued at $767.50M in 2017 and is forecasted to reach $2815.50M by 2022, at a compound annual growth rate of ~29.7 percent between 2017 and 2022. The benefits of V2I communication including decrease in number of accident by notifying the drivers about the data obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are the main factors projected to drive the automotive V2I market. The factors restraining the sector contain lack of cellular coverage in developing countries, cost burden on consumers, and lack of infrastructure in the automotive V2X market.

"Vehicle-to-infrastructure systems is anticipated to grow at the maximal level rate for the automotive V2X market"

Automotive V2I is anticipated to increase at the highest level rate. The benefits of V2I communication including the decrease in the number of accident by notifying the drivers about the info obtained through the communications between the vehicles and sensors installed on the road and efficient traffic management are forecast to steer the automotive V2I market. In August 2016, Audi announced that it would launch the first V2I technology called Traffic light information on selected models including Audi Q7, A4, and A4 in the U.S.A by early 2017.

"Passenger vehicles are anticipated to hold the largest industry and grow at the maximal rate"

The passenger vehicles segment is forecasted to hold the biggest market and is also anticipated to grow at the maximal level rate due to the fact that there are many passenger vehicle companies including General Motors, Mercedes Benz-maker Daimler, BMW, Audi AG, and Volkswagen AG.orking towards the commercialization of V2X communication technology.

"Automotive V2X market in APAC is anticipated to rise at the highest level rate"

Asia-Pac is anticipated to grow at the maximal rate in the automotive V2X market. This area has emerged as a hub for automotive production; Original equipment manufacturers and providers have set up production facilities to cater to the increasing demand for automobile in the industry. This region houses established automakers including Toyota Motor Corporation, Hyundai Motor Company, and Honda Motor Company. One of the main drivers for the Asia- Pacific area is the raised demand for telematics and driver assistance.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions have been managed with people holding top positions across different regions. The breakup of the profile of primary members taking part has been provided below:

- By Firms: Tier 1 - 30 %, Tier 2 - 45.0 percent, and Tier 3 - 25.0 percent

- By Designation: C-suite executives - 35.0 percent, Directors - 45.0 percent, and Managers - 20.0 percent

- By area: North america (NA) - 30.0 percent, Europe - 40.0 percent, Asia-Pacific - 20.0 percent, and rest of the world - 10.0 percent

The main players in automotive V2X market are Continental (CON), Qualcomm (NASDAQ:QCOM), Daimler AG, Delphi Automotive PLC, Infineon Technologies (ETR:IFX), Audi AG, Intel (NASDAQ:INTC), NXP Semiconductors (NASDAQ:NXPI), TOMTOM N.V., IBM (NYSE:IBM), Cisco Systems Inc., AT&T Inc., Vodafone Group, Robert Bosch (RBOS), NVIDIA Corporation, Mobileye N.V., Harman International Sectors, PTC Inc., Autotalks Ltd., and Cohada Wireless.

Segment Research

The automotive V2X market has been split on the basis of offerings, communication type, vehicle type, connectivity type, application, and area.

The sector established on offering has further been divided into hardware and software. The industry established on communication type includes vehicle-to-vehicle, vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-pedestrian, vehicle-to-grid, vehicle-to-home, and vehicle-to-network. The sector established on connectivity type includes DSRC and cellular. The industry established on vehicle type includes passenger vehicles and commercial vehicles. The applications for automotive V2X are automated driver assistance, intelligent traffic system, emergency vehicle notification, passenger information system, fleet and asset management, parking management system, remote monitoring and diagnostics, and predictive maintenance. The market has been split on the basis of geography into North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Why acquiring this study can help you:

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the automotive V2X market comprehensively and offers the closest approximations of the market sizes for the global market and subsegments across the distinct applications and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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