Global Automotive Vehicle to Everything (V2X) Market Growth (Status and Outlook) 2023-2029

Global Automotive Vehicle to Everything (V2X) Market Growth (Status and Outlook) 2023-2029

Automotive electronics industry is in constant evolution, making the car always safer, greener and more enjoyable to drive.

Vehicle-to-X refers to an intelligent transport system where all vehicles and infrastructure systems are interconnected with each other.

This connectivity will provide more precise knowledge of the traffic situation across the entire road network which in turn will help: Optimize traffic flows, Reduce congestion, cut accident numbers, Minimize emissions.

V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.

V2X communications shouldn’t be confused with self-driving vehicles. The system has been designed to provide drivers with additional safety and convenience notifications that will be integrated with information from the many other on-board sensors. It’s still up to the driver, obviously, to drive the car. However, V2X is an enabling technology that one day will make even self-driving cars much safer by helping them see and react to invisible danger.

Driver awareness of potential dangers on its way, such as crash risk, unsafe overtake, vehicle braking ahead out of line sight, car in blind spot area or road hazard detection, will dramatically improve collision avoidance, and heavily reduce fatalities and injury severity. In addition, the technology will enhance traffic efficiency providing warnings for upcoming traffic congestions, proposing alternative routes and securing an eco-friendly driving, reducing CO2 emission through adaptive cruise control and a smarter transportation management.

Driven by those benefits and the determination to become an key player in this field, ST launched a cooperation with Autotalks for the co-development of a mass-market optimized V2X chipset. Recognized as the V2X chipset market pioneer, Autotalks is bringing in this cooperation their system expertise and know-how of the V2X technology. Leveraging on a robust joint design and ST’s Automotive Quality and Manufacturing machine, Autotalks will release to the market an unique V2X solution.

LPI (LP Information)' newest research report, the “Automotive Vehicle to Everything (V2X) Industry Forecast” looks at past sales and reviews total world Automotive Vehicle to Everything (V2X) sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Vehicle to Everything (V2X) sales for 2023 through 2029. With Automotive Vehicle to Everything (V2X) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Vehicle to Everything (V2X) industry.

This Insight Report provides a comprehensive analysis of the global Automotive Vehicle to Everything (V2X) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Vehicle to Everything (V2X) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Vehicle to Everything (V2X) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Vehicle to Everything (V2X) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Vehicle to Everything (V2X).

The global Automotive Vehicle to Everything (V2X) market size is projected to grow from US$ 2278.1 million in 2022 to US$ 10250 million in 2029; it is expected to grow at a CAGR of 24.0% from 2023 to 2029.

Major producers in the industry are Delphi(Aptiv), Continental AG, Denso, Cohda, Kapsch, Qualcomm, ETRANS, Savari, Autotalks and Arada (Lear), among others.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Vehicle to Everything (V2X) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

V2V

V2I

V2P

Segmentation by application

Road Safety Service

Automatic Parking System

Emergency Vehicles

Auto Car Service

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Delphi(Aptiv)

Continental AG

Denso

Cohda

Kapsch

Qualcomm

ETrans

Savari

Autotalks

Arada（Lear）

Please note: The report will take approximately 2 business days to prepare and deliver.