V2X Market Outlook and Forecasts 2022 – 2030
Connected car technology in the form of Vehicle-to-Vehicle (V2V) and Vehicle-to-Everything (V2X) technology provides a means for vehicles to communicate with other cars on the road, allowing each individual to get visibility into the entire environment. The system warns the driver of potential hazards much ahead of the driver or the car’s own sensors know about it. Such systems can bring in any missing information. The information could be gathered or not gathered by cameras and radar, especially in bad environmental conditions. This makes it possible for them to warn about threats that may not be easy to detect.
V2X is a communications technology that enables a similarly connected vehicle whereby it can communicate with other vehicles, traffic lights, toll gates, pedestrians, and even the owner's home. All new connected vehicle technologies can be categorized as one of the three namely, safety, mobility and environment oriented. This technology thus paves the way for safe, clean and autonomous or self-driving vehicles. The V2X market includes both V2V and Vehicle-to-Infrastructure (V2I) communications.
V2V and V2X technology can send warnings to alert drivers and commuters to avoid potential problems and/or a direct risk to the vehicle. While this is important from a safety point of view, there are other potential gains as well. V2X technology allows for much more efficient driving. It is possible to read traffic flow so that lights could be metered far more effectively. The technology also enables the creation of more efficient paths of travel in dense traffic and provides drivers with clear paths in light traffic conditions.
This report evaluates the V2X market including technologies, solutions, and major players. The report provides analysis of market challenges, opportunities, and overall business outlook. V2X communications types covered in this report include V2V, V2I, V2H, V2N, V2D, V2P, V2G, and Vehicle-To-Cloud. The report also covers ADA types including On-Board and Embedded ADAS. The report includes detailed forecasts for the aforementioned market areas from 2022 to 2030.
This report includes the following market findings:
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