What is the structure of the global automotive V2X market and who are the key players? What are the key driving factors and challenges in the industry? What are the various stages in the value chain of the industry? What is the breakup of the market based on the vehicle type? What is the breakup of the market based on the connectivity? What is the breakup of the market based on the communication? What has been the impact of COVID-19 on the global automotive V2X market? How has the global automotive V2X market performed so far and how will it perform in the coming years? Ltd.), Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc, Robert Bosch GmbH and STMicroelectronics.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Autotalks Ltd, Capgemini SE, Continental AG, HARMAN International (Samsung Electronics Co. In confluence with this, the rising deployment of 5G technology and partnerships between cellular and transportation companies to deliver efficient and innovative transportation solutions are also contributing to the growth of the market. V2X systems are incorporated into vehicles to allow minimized human intervention.īesides this, the leading companies are offering hybrid solutions that involve 4G and 5G network access, dedicated short-range communication (DSRC), and cellular V2X communication to expand their existing consumer base and retain their position in the market. Moreover, with rapid urbanization and inflating disposable incomes, the demand for intelligent and connected vehicles is escalating across the globe. This represents one of the major factors encouraging manufacturers to incorporate V2X technology into vehicles.Ī significant rise in the number of road accidents is also propelling the need for automotive V2X to enhance fuel savings, traffic efficiency, and driver and road safety. As a result, it is integrated into conventional cars around the world for allowing drivers to receive information about approaching vehicles, weather patterns, road conditions and activities of other drivers, thereby safeguarding the vehicle and its passengers.ĭue to the rising air pollution, environmental concerns and sales of vehicles worldwide, governing agencies of numerous countries are implementing strict regulations to minimize carbon emissions.
Besides this, it also helps avoid traffic, severity of injuries, road accident fatalities, and collision with other vehicles.
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