Description
Global V2X Market Research Report – Forecast till 2026
Market Overview
The Global V2X Market in terms of value is estimated to register a 58.84% CAGR during the review period to surpass a value of USD 15,050.0 Million by 2026. Vehicle to Everything (V2X) is a communication system that supports the transfer of information from a vehicle to other components of the traffic system that may affect the vehicle. The V2X technology is intended to enhance road safety, energy accumulation, and traffic capability on the roads. The communication is obtained by transforming data from sensors and other sources travel through high-bandwidth, low-latency, high-reliability links, paving the way to fully autonomous driving.
The global V2X market is expected to register substantial growth during the review period owing to the increase in the sale of EVs and luxury vehicles and the rising deaths due to road accidents. The growth of the major market players is attributed to the market conditions, government support, and industrial development. Thus, the major manufacturers are concentrating on growing their presence and enhancing their services worldwide. The growth of semi-autonomous and autonomous vehicles is set to create lucrative opportunities for market players in the future. However, the rising initial and maintenance cost is estimated to hinder the market growth during the forecast period.
Market Segmentation
Global Market for V2Xs has been categorized based on Component, Communication Type, and Propulsion.
In terms of Components, the Global Market has been classified into hardware and software. The hardware segment is expected to exhibit a 60.49% CAGR during the review timeframe.
By Communication Type segment, the global market has been segregated into V2C, V2D, V2G, V2P, V2V, and V2I. V2V segment accounted for the largest market contribution. By Propulsion, the global market has been divided into EV and ICE. The ICE segment is expected to register a 56.48% CAGR during the forecast period.
Regional Analysis
Geographically, the report on the global V2X market has been classified into North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to dominate the global V2X market with the largest market share of 38.49% in 2019. The regional market is attributed to the various norms of the European Union regarding vehicle safety, which cause the automotive OEMs and electronic component manufacturers to consistently integrate electronics into automobiles. Germany leads the regional market as the major manufacturers have world-class R&D infrastructure, which enables them to develop cutting-edge technologies and systems and aids in meeting the requirement for mobility in the future.
Asia-Pacific is anticipated to lead the second largest market of the global V2X market followed by North America. As per the China Association of Automobile Manufacturers, China is one of the largest manufacturers and consumers of electric vehicles (EVs) in the world. Additionally, the country’s government and related organizations have been investing in promoting the adoption of EVs.
Major Competitors
The key players of the global V2X Market research report include Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, and STMicroelectronics NV.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 GLOBAL V2X MARKET, BY COMPONENT 15
1.1.2 GLOBAL V2X MARKET, BY COMMUNICATION TYPE 16
1.1.3 GLOBAL V2X MARKET, BY PROPULSION 17
1.1.4 GLOBAL V2X MARKET, BY REGION 18
2 MARKET INTRODUCTION
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 MARKET STRUCTURE 19
2.4 KEY BUYING CRITERIA 20
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 21
3.2 PRIMARY RESEARCH 22
3.3 SECONDARY RESEARCH 23
3.4 MARKET SIZE ESTIMATION 24
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 24
3.6 FORECAST MODEL 25
3.7 LIST OF ASSUMPTIONS 26
4 MARKET DYNAMICS
4.1 INTRODUCTION 27
4.2 DRIVERS 28
4.2.1 INCREASE IN SALE OF EV AND LUXURY VEHICLES 28
4.2.2 INCREASING DEATHS DUE TO ROAD ACCIDENTS 30
4.2.3 DRIVER IMPACT ANALYSIS 31
4.3 RESTRAINT 31
4.3.1 HIGH COST 31
4.3.2 RESTRAINT IMPACT ANALYSIS 32
4.4 OPPORTUNITIES 32
4.4.1 RISING ADOPTION IN DEVELOPED COUNTRIES 32
4.4.2 DEVELOPMENT OF SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLES 33
4.5 COVID-19 IMPACT ANALYSIS 33
4.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY 33
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 34
4.5.2.1 FORD 34
4.5.2.2 AMERICAN HONDA 34
4.5.2.3 FCA 35
4.5.2.4 KIA 35
4.5.2.5 VOLKSWAGEN 35
4.5.3 IMPACT ON V2X MARKET 35
4.5.3.1 IMPACT ON SUPPLY CHAIN 35
4.5.3.2 CASH FLOW CONSTRAINTS 36
4.5.4 IMPACT ON WORLD TRADE 36
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 37
5.1.1 THREAT OF NEW ENTRANTS 38
5.1.2 BARGAINING POWER OF SUPPLIERS 38
5.1.3 THREAT OF SUBSTITUTES 38
5.1.4 BARGAINING POWER OF BUYERS 38
5.1.5 INTENSITY OF RIVALRY 38
5.2 SUPPLY CHAIN ANALYSIS 39
5.2.1 DESIGN & DEVELOPMENT 39
5.2.2 COMPONENT SUPPLY 39
5.2.3 MANUFACTURE/ASSEMBLY 40
5.2.4 END USE 40
6 GLOBAL V2X MARKET, BY COMPONENT
6.1 OVERVIEW 41
6.2 HARDWARE 42
6.3 SOFTWARE 42
7 GLOBAL V2X MARKET, BY PROPULSION
7.1 OVERVIEW 43
7.2 ELECTRIC VEHICLE (EV) 44
7.3 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE 44
8 GLOBAL V2X MARKET, BY COMMUNICATION TYPE
8.1 OVERVIEW 45
8.2 VEHICLE-TO-CLOUD (V2C) 46
8.3 VEHICLE-TO-DEVICE (V2D) 46
8.4 VEHICLE-TO-GRID (V2G) 46
8.5 VEHICLE-TO-PEDESTRIAN (V2P) 46
8.6 VEHICLE-TO-VEHICLE (V2V) 47
8.7 VEHICLE-TO-INFRASTRUCTURE (V2I) 47
9 GLOBAL V2X MARKET, BY REGION
9.1 OVERVIEW 48
9.1.1 GLOBAL V2X MARKET, BY REGION, 2017–2026 48
9.2 NORTH AMERICA 49
9.2.1 US 51
9.2.2 CANADA 52
9.2.3 MEXICO 53
9.3 EUROPE 54
9.3.1 GERMANY 56
9.3.2 UK 57
9.3.3 FRANCE 58
9.3.4 ITALY 59
9.3.5 REST OF EUROPE 60
9.4 ASIA-PACIFIC 61
9.4.1 CHINA 63
9.4.2 JAPAN 64
9.4.3 INDIA 65
9.4.4 REST OF ASIA-PACIFIC 66
9.5 REST OF THE WORLD 67
9.5.1 MIDDLE EAST & AFRICA 69
9.5.2 SOUTH AMERICA 71
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 73
10.2 MAJOR GROWTH STRATEGY IN THE GLOBAL V2X MARKET 74
10.3 COMPETITIVE BENCHMARKING 75
10.4 MARKET SHARE ANALYSIS 76
10.5 KEY DEVELOPMENTS IN THE GLOBAL V2X MARKET 76
10.5.1 KEY DEVELOPMENTS: MERGERS & ACQUISITIONS 76
10.5.2 KEY DEVELOPMENTS: PARTNERSHIPS/COLLABORATIONS 77
10.5.3 KEY DEVELOPMENTS: EXPANSIONS 77
10.5.4 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS/LAUNCHES 78
11 COMPANY PROFILES
11.1 CONTINENTAL AG 79
11.1.1 COMPANY OVERVIEW 79
11.1.2 FINANCIAL OVERVIEW 80
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 80
11.1.4 KEY DEVELOPMENTS 81
11.1.5 SWOT ANALYSIS 81
11.1.6 KEY STRATEGY 82
11.2 INFINEON TECHNOLOGIES AG 83
11.2.1 COMPANY OVERVIEW 83
11.2.2 FINANCIAL OVERVIEW 84
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
11.2.4 KEY DEVELOPMENTS 85
11.2.5 SWOT ANALYSIS 85
11.2.6 KEY STRATEGIES 85
11.3 ROBERT BOSCH GMBH 86
11.3.1 COMPANY OVERVIEW 86
11.3.2 FINANCIAL OVERVIEW 87
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
11.3.4 KEY DEVELOPMENTS 88
11.3.5 SWOT ANALYSIS 88
11.3.6 KEY STRATEGIES 89
11.4 DELPHI TECHNOLOGIES 90
11.4.1 COMPANY OVERVIEW 90
11.4.2 FINANCIAL OVERVIEW 91
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
11.4.4 KEY DEVELOPMENTS 92
11.4.5 SWOT ANALYSIS 92
11.4.6 KEY STRATEGIES 92
11.5 DENSO CORPORATION 93
11.5.1 COMPANY OVERVIEW 93
11.5.2 FINANCIAL OVERVIEW 94
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 94
11.5.4 KEY DEVELOPMENTS 95
11.5.5 SWOT ANALYSIS 95
11.5.6 KEY STRATEGIES 95
11.6 STMICROELECTRONICS N.V. 96
11.6.1 COMPANY OVERVIEW 96
11.6.2 FINANCIAL OVERVIEW 97
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 97
11.6.4 KEY DEVELOPMENTS 98
11.7 NXP SEMICONDUCTORS 99
11.7.1 COMPANY OVERVIEW 99
11.7.2 FINANCIAL OVERVIEW 100
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 100
11.7.4 KEY DEVELOPMENTS 101
11.8 QUALCOMM TECHNOLOGIES, INC. 102
11.8.1 COMPANY OVERVIEW 102
11.8.2 FINANCIAL OVERVIEW 103
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 104
11.8.4 KEY DEVELOPMENTS 104
11.9 AUTOTALKS LTD. 105
11.9.1 COMPANY OVERVIEW 105
11.9.2 FINANCIAL OVERVIEW 105
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 105
11.9.4 KEY DEVELOPMENTS 105
11.10 HARMAN INTERNATIONAL 106
11.10.1 COMPANY OVERVIEW 106
11.10.2 FINANCIAL OVERVIEW 106
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 106
11.10.4 KEY DEVELOPMENTS 106
12 APPENDIX
12.1 DATA SOURCES 107
