Global Automotive Vehicle-to-Everything Market By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Communication Type (Vehicle-To-Network (V2N), Vehicle-To-Vehicle (V2V), Vehicle-To-Pedestrian (V2P),and Others), By Connectivity Type (Cellular Connectivity and DSRC), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Automotive Vehicle-to-Everything Market Overview:

The Automotive Vehicle-to-Everything (V2X) market size global was valued at USD 9,97,932 million in 2021. This market is expected to grow at a compound annual growth rate of 43.8% between 2023-2032.

It is expected to experience significant growth due to the increase in demand for better traffic management and automobile safety features.

The automotive industry has seen a lot of growth and momentum. The vehicles are more convenient because they integrate various safety and communication features. In addition, consumer demand has been a catalyst in market growth.

Global Automotive Vehicle-to-Everything Market Analysis

Vehicle Type Analysis

It is predicted that the V2X market for passenger cars will be the largest, as it accounts for the largest proportion of global automobile production in 2021. But, commercial vehicles (CVs), are more in demand than passenger cars. OICA estimates that the rise in construction has prompted an increase in CV sales during the forecast period.

Additionally, CVs travel longer than passenger cars. Therefore, safety is a major concern in this segment. This market will be driven by the automotive V2X market. Over the forecast period, this segment will see a 35% growth rate.

Communication Types Analysis

There are many communication types that can be used in automotive V2X communications, which are commonly used in active safety features like blind-spot detection, adaptive cruise control, and lane change assistance among others.

These safety features will be required in the near future due to the increasing stringency of safety regulations. The future market will be dominated by Vehicle-to-Vehicle (V2V). Integration of V2I/V2N communication could help in solving problems like reducing emissions due to traffic and traffic congestion. It would allow the expansion of convenience facilities like automated toll payment, e-parking, and other such services. The above attributes would help accelerate the growth in the automotive V2X market.

Connectivity Types Analysis

Currently, the V2X systems used in cars are based upon (DSRC) Dedicated Short Range Connectivity. The DSRC market will grow due to the cost-benefits of DSRC compared to cellular connectivity. The growing popularity of DSRC connectivity among several tier-1 and tier-2 suppliers due to its cost-benefits as well as ease of implementation will increase the market opportunities.

Cellular connectivity, with its extensive coverage, may seem like a profitable option. However, there are some drawbacks. Cellular connectivity, due to its vast coverage, will take considerable time to deploy. The hardware necessary to fulfill V2X industry requirements is very expensive. This technology holds great potential if there is a safe cellular connection for V2X and a strong deployment strategy.

Key Market Segments

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Communication Type

• Vehicle-To-Network (V2N)
• Vehicle-To-Vehicle (V2V)
• Vehicle-To-Pedestrian (V2P)
• Vehicle-To-Infrastructure (V2I)
• Vehicle-To-Grid (V2G)
• Vehicle-To-Home (V2H)

By Connectivity Type

• Cellular Connectivity
• DSRC

Market Dynamics

The Driverless car concept or autonomous car is still in its research phase. Commercialization of the product is likely to take place no sooner than that. The incorporation of V2X communications technologies will enable driverless mobility. Implementation of V2X technologies requires a solid regulatory framework.

V2X technologies are all about communication between cars. This makes them vulnerable to manipulation, hacking, and other threats. Security of the data communication is vital to the success of the market.

Due to the increasing disposable income in emerging countries like India and China, the automotive industry is expanding at a steady pace. This has resulted in a rise in automotive sales over the past few years.

Traffic congestion is caused by an increasing number of passenger vehicles. Traffic congestions cause an increase in fuel consumption which leads to increased emissions and air pollution. The V2X market for automotive will be boosted by the growing demand for real-time traffic alerts and increasing environmental concerns.

Regional Insights

The largest market share of 30% in the auto v2x market is expected to be held by North America. This region has technologically advanced nations like Canada and the U.S., which allows for easy technological adoption. Traffic congestion and High greenhouse gas emissions are two of the major issues in this region. V2X systems will improve traffic control and reduce gas emissions. The V2X system will be a key growth driver in the automobile v2x market.

European vehicle industry regulations are strict in terms of safety and emission. In 2021, the European Environment Agency stated that vehicle emissions continue to be a major contributor to EU greenhouse gases. A growing number of safety standards means that features such as adaptive cruise control and blind-spot detection using V2V communications will be a standard features. This will allow for an increase in the automotive V2X market.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Companies with advanced technological capabilities dominate this market. A company that operates in the automotive V2X industry has a diverse product portfolio and a strong global presence. It is also involved in strategic initiatives to maintain its market share.

The market’s major players include Continental AG, Delphi Automotive PLC, and Cisco Systems Inc. (U.S.). There are many vendors who offer unique products and services to this market. The partnership will enable the companies to gain a competitive edge in the highly competitive automotive market. SAIC USA (China), which is a subsidiary of SAIC Motor, signed an agreement with Savari Inc.

Маrkеt Кеу Рlауеrѕ:

• Continental AG (Germany)
• Delphi Automotive PLC (U.K.)
• Qualcomm Inc. (U.S.)
• AUDI AG
• Infineon Technologies AG (Germany)
• Cisco Systems, Inc. (U.S.)
• IBM Corp.
• Robert Bosch GmbH
• Other Key Players

For the Automotive Vehicle-to-Everything Market research study, the following years have been considered to estimate the market size: