Automotive Vehicle-to-Everything (V2X): Global Strategic Business Report

Quick Summary:

Immerse yourself in the future of transportation with our in-depth Global Automotive Vehicle-to-Everything (V2X) Market report. This meticulously curated market analysis holds the key to understanding a rapidly expanding industry estimated to reach a staggering $13 billion by 2030. Initially valued at $730.6 million in 2022, the sector is predicted to ignite a spark that will set the tech world aflame, drawing attention from leading nations and global corporations.

The report dissects crucial segments, such as software, poised to achieve a 46.9% CAGR and anticipated to surpass the $10.6 billion mark. Uncover the nuances of the burgeoning hardware segment, expected to grow at a revised 32.9% CAGR over the next eight years. Delve into the market trends of the U.S., currently estimated at $220.7 million, and track the remarkable growth anticipated in China, with a forecasted CAGR of 52.9% leading to a $2.7 billion market size by 2030. Seize this opportunity to stay ahead of the curve and solidify your strategy within the dynamic automotive V2X market.

Global Automotive Vehicle-to-Everything (V2X) Market to Reach $13 Billion by 2030

The global market for Automotive Vehicle-to-Everything (V2X) estimated at US$730.6 Million in the year 2022, is projected to reach a revised size of US$13 Billion by 2030, growing at a CAGR of 43.2% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 46.9% CAGR and reach US$10.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 32.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $220.7 Million, While China is Forecast to Grow at 52.9% CAGR

The Automotive Vehicle-to-Everything (V2X) market in the U.S. is estimated at US$220.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 52.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 31.3% and 42.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 37% CAGR.

Select Competitors (Total 89 Featured) -

Autotalks Ltd.
BMW Group
Cisco Systems, Inc.
Cohda Wireless Pty Ltd
Continental AG
General Motors Company
Harman International Industries, Incorporated
Infineon Technologies AG
Kapsch TrafficCom AG
NXP Semiconductors N.V.
Qualcomm Technologies, Inc.
Robert Bosch GMBH
STMicroelectronics International N.V.
Toyota Motor Corporation
Volkswagen AG
Woven Planet Holdings, Inc.

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Frequently Asked Questions about the Global Market for Automotive Vehicle-to-Everything (V2X)

What is the estimated value of the Global Market for Automotive Vehicle-to-Everything (V2X)?

The Global Market for Automotive Vehicle-to-Everything (V2X) was estimated to be valued at $730.6 Million in 2022.

What is the growth rate of the Global Market for Automotive Vehicle-to-Everything (V2X)?

The growth rate of the Global Market for Automotive Vehicle-to-Everything (V2X) is 43.3%, with an estimated value of $13000 Million by 2030.

What is the forecasted size of the Global Market for Automotive Vehicle-to-Everything (V2X)?

The Global Market for Automotive Vehicle-to-Everything (V2X) is estimated to be worth $13000 Million by 2030.

Who are the key companies in the Global Market for Automotive Vehicle-to-Everything (V2X)?

Key companies in the Global Market for Automotive Vehicle-to-Everything (V2X) include Autotalks Ltd., BMW Group, Cisco Systems, Inc., Cohda Wireless Pty Ltd, Continental AG, General Motors Company, Harman International Industries, Incorporated, Infineon Technologies AG, Kapsch TrafficCom AG and NXP Semiconductors N.V..

Report Attribute	Details
No. of Pages	466
Published	September 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 730.6 Million
Forecasted Market Value ( USD ) by 2030	$ 13000 Million
Compound Annual Growth Rate	43.3%
Regions Covered	Global

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
Progress on Vaccinations: Why Should Businesses Care?
With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
The Many Facets of COVID-19 Impact on Autonomous Cars
Reluctance to Use Shared Mobility Will Persist Even in the Post Pandemic World. The Darkening Outlook for “Shared Mobility” is a Business Opportunity for Self-Driving Cars & Taxis: Global Ride Hailing & Taxi Market (In US$ Billion)
With High Double Digit Growth for V2X, We Are Not Very Far from the Autonomous Driving Reality
V2X, the Vital Connectivity Link Crucial for Delivering On the Promise of Fully Autonomous Driving: Network Speeds Needed to Support Big Data of Autonomous Cars
Pandemic Results in Increased Investments for Automotive V2X
Competitive Scenario
Automotive Vehicle-to-Everything (V2X) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Global Automotive Industry Witnessing Major Technological Evolution
Increased Focus on Enhancing Vehicular Communication for Improving Mobility
Global Automotive V2X Market to Move Ahead Swiftly in Top Gear
Critical Need to Avoid Accidents Buoys Demand for Automotive V2X Technology
Factors with Positive Implications for Automotive V2X
Analysis by Connectivity: Strong Gains for Cellular Segment Foreseen
World Market for Automotive Vehicle-to-Everything (V2X) by Connectivity (2021 & 2027): Percentage Breakdown of Revenues for Dedicated Short Range Communication (DSRC), and Cellular Connectivity
Regional Analysis: Europe Becomes the Central Market for Automotive Vehicle-to-Everything
World Automotive Vehicle-to-Everything (V2X) Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
World Vehicle-to-Everything (V2X) Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Rest of World, Canada, Europe, and Japan
Automotive Vehicle-to-Everything (V2X): A Cornerstone Technology for Vehicle Safety & Traffic Efficiency
Brief Note on Underlying Technology
World Market for Automotive Vehicle-to-Everything (V2X) by Offering (2021 & 2027): Percentage Breakdown of Revenues for Software, and Hardware
Regulatory Regimes in the US and Europe
Recent Market Activity
Vehicle-To-Everything Enjoys Pleasant Hum in Automotive Technology Space
Technological Advancements Set Perfect Pace for Automotive V2X Market
Select Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Emerging Trends & Merits Painting a Rosier Picture of Automotive V2X Technology
V2X Technology Alleviates Traffic Concerns
Vehicular Population Worldwide: Number of Vehicles in Millions for Years 2015, 2025 & 2040
Smart Cities Poised to Drive Demand
World Smart Cities Market Revenues (in US$ Million) by Geographic Region for the Years 2020 & 2025
Focus on Smart Highway to Enhance V2X Deployments
The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart Highways: Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Billion)
Smart Roads Embedded with Sensors Support V2X Uptake
Growing Investments in Road Infrastructure Development
Continuous Development of World's Highways to Expand Market Opportunities for Intelligent Transportation Systems (ITS) & Allied Markets: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide
Connected Cars Pave the Way for Wider Uptake
Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023
Growing Role of Automotive Ethernet Augments Prospects
Global Number of Connected Cars Shipped (In 000 Units) for the Years 2017, 2019 and 2022
V2X Becomes Relevant in Electronic Toll Collection
V2X Empowers Smart Parking Strategies
Emphasis on Electric Vehicles to Fuel Demand
Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021E
World Market for Automotive Vehicle-to-Everything (V2X) by Propulsion Type (2021 & 2027): Percentage Breakdown of Revenues for Internal Combustion Engine (ICE), and Electric
V2X Gains Traction as Car Buying & Mobility Return to Semblance of Normalcy
V2X Technology Improves Vehicle Telematics
Global Automotive Telematics Market (In US$ Billion) for the Years 2017, 2019 and 2022
IoT to Expand V2X Application Areas
Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
Importance of Wireless Communication in ITS Networks Augurs Well
V2X Gains Traction in Traffic Control Strategies
Breakdown of Annual Hours of Delay Due to Traffic Congestions in Select Countries & Cities Worldwide
On-Road Safety Drives Business Case for V2X
Number of Deaths Caused by Road Accidents Worldwide by Region for the Years 2017 & 2030
Convergence of Mobile Communications with Transport Infrastructure Bodes Well
5G to Accelerate the Role of Cellular Connectivity in Transportation Sector
Helping Increase Safety Levels for AVs in Bad Weather Conditions are V2X and Smart Tires with Tactile Sensors
V2X to Gain from Advanced In-Car Infotainment Systems
Potential Threat of Cyber Attacks
Major Changes in the V2X Space the Need of the Hour for Wider Adoption of Technology

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Automotive Vehicle-to-Everything (V2X) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 2: World 8-Year Perspective for Automotive Vehicle-to-Everything (V2X) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
Table 3: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 4: World 8-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 6: World 8-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Internal Combustion Engine (ICE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 8: World 8-Year Perspective for Internal Combustion Engine (ICE) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 9: World Recent Past, Current & Future Analysis for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 10: World 8-Year Perspective for Electric by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 11: World Recent Past, Current & Future Analysis for Dedicated Short Range Communication (DSRC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 12: World 8-Year Perspective for Dedicated Short Range Communication (DSRC) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for Cellular Connectivity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 14: World 8-Year Perspective for Cellular Connectivity by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 15: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 16: World 8-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 17: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
Table 18: World 8-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
Table 19: World Automotive Vehicle-to-Everything (V2X) Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030

III. MARKET ANALYSIS

UNITED STATES

Automotive Vehicle-to-Everything (V2X) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)

CANADA

JAPAN

Automotive Vehicle-to-Everything (V2X) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

CHINA

Automotive Vehicle-to-Everything (V2X) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

EUROPE

Automotive Vehicle-to-Everything (V2X) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)

FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE

ASIA-PACIFIC

Automotive Vehicle-to-Everything (V2X) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)

REST OF WORLDIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

Autotalks Ltd.
BMW Group
Cisco Systems, Inc.
Cohda Wireless Pty Ltd
Continental AG
General Motors Company
Harman International Industries, Incorporated
Infineon Technologies AG
Kapsch TrafficCom AG
NXP Semiconductors N.V.
Qualcomm Technologies, Inc.
Robert Bosch GMBH
STMicroelectronics International N.V.
Toyota Motor Corporation
Volkswagen AG
Woven Planet Holdings, Inc.

Quick Summary:

Global Automotive Vehicle-to-Everything (V2X) Market to Reach $13 Billion by 2030

The U.S. Market is Estimated at $220.7 Million, While China is Forecast to Grow at 52.9% CAGR

Select Competitors (Total 89 Featured) -

What's New?

What is the estimated value of the Global Market for Automotive Vehicle-to-Everything (V2X)?

What is the growth rate of the Global Market for Automotive Vehicle-to-Everything (V2X)?

What is the forecasted size of the Global Market for Automotive Vehicle-to-Everything (V2X)?

Who are the key companies in the Global Market for Automotive Vehicle-to-Everything (V2X)?

Table of Contents

Companies Mentioned

Related Topics

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