V2X (Vehicle-to-Everything) Market is categorized by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Component Type (Hardware and Software), Propulsion Type (ICE and EV) and by Regions. The global market for the V2X is expected to witness significant growth between 2016 and 2023.
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V2X Market Key Players listed in report:
Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (U.K.). In 2016, these companies accounted for a share of the global market.
V2X Market is predicted to grow at approximately 10.65% CAGR by 2023. The V2X increases the vehicle safety and enhance the driving experience of the driver. The system is combination of software that allows to alert the driver about the problems that is going to occur. There are different active safety systems that are installed in the vehicle which includes automated lighting, adaptive cruise control, automate braking, incorporate traffic warnings, connect to smartphones, alert driver to other cars or dangers, and among others.
has an impact on the market for V2X and other automotive driver assistance systems. The total four wheeler production for the year 2015 was approximately 90 million units, and it is expected to witness further growth and reach more than 100 million units by the year 2020.
The factors that are responsible for the growth of V2X are growing production of vehicles, increase in stringent government regulations for safety, and among others. The growing production of passenger and commercial vehicles have led to increase in demand for active safety system. The increase in demand for active safety system will result in the growth of the market during the forecast period. Government is mainly focusing on the standard that will lead to increased safety of the driver. The increased safety of the drivers will result in many OEMs to develop parts that provide high strength and guide the driver by using latest safety technologies. The increase in demand for the safety technologies will result in increased use of active safety system in the vehicles. This will lead to the growth of the market during the forecast period.
The V2X market is currently booming in the Asia Pacific region. Rapidly rising vehicle production in this region is one of the primary driving factors. Improving infrastructure in this region combined with improving living standards have positively impacted the automotive industry as a whole. Increasing incidence of vehicle electrification in the Asia Pacific region is also expected to impact the V2X market positively. Availability of cheap labor in Asia Pacific has also been a critical factor in the V2X market. Additionally, rapidly growing automotive infrastructure in this region is expected to lay the groundwork for the rapid development of the automotive sector.
North America and Europe are the two other leading regions, mainly, due to the established automotive industry. The existence of major manufacturers in this region, is also a key driver for the V2X industry. Massive investment in research and development enables manufacturers in this region to develop new techniques and products to tap capitalizing on the future market trends.
The automotive industry in the Middle East and South America is at a nascent stage. The market for V2X is expected to have steady growth during the forecast period. These regions are expected to be lucrative in the future with many automotive manufacturers pumping investments to capitalize on the sufficient demand in these regions.
Table of Contents:
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
List Of Tables:
TABLE 1 EUROPE V2X, BY REGION 2011-2027, ($ MILLION)
TABLE 2 EUROPE V2X FOR ICE, BY REGION 2011-2027, (MILLION)
TABLE 3 EUROPE V2X FOR EV, BY REGION 2011-2027, (MILLION)
TABLE 4 EUROPE V2X FOR HARDWARE, BY REGION 2011-2027, (MILLION)
TABLE 5 EUROPE V2X FOR SOFTWARE, BY REGION 2011-2027, (MILLION)
TABLE 6 EUROPE V2X FOR V2C, BY REGION 2011-2027, (MILLION)
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