This report provides exclusive insights into the COVID-19 impact on the V2X Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the V2X Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of V2X Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on V2X market provides in-depth analysis of segments
and sub-segments in global as well as regional V2X market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional V2X market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global V2X market. According to the report, the global V2X market is projected
to grow at a CAGR of 17.5% over the forecast period of 2018-2024.
Transportation is a fundamental factor that contributes to economic growth and quality of life.
Vehicle-to-X refers to an intelligent transport system where all vehicles and
infrastructure systems are interconnected with each other. This connectivity
helps to optimize traffic flows, Minimize emissions, Reduce traffic congestion
and Cut accident numbers. The V2X is based on Dedicated Short Range
Communications (DSRC) or the cellular connectivity that uses wireless
technology that enables data exchange between a vehicle and its surroundings. V2X technology allows the vehicle to communicate with moving parts of the
traffic system around the vehicle. The V2X technology offers several types of
communications including V2I (Vehicle-to-Infrastructure), V2N
(Vehicle-to-network), V2V (Vehicle-to-vehicle), V2P (Vehicle-to-Pedestrian),
V2D (Vehicle-to-device) and V2G (Vehicle-to-grid). V2X technology uses 5.9
GHz dedicated short-range communications band with the Wi-Fi. The Wi-Fi
connectivity is an important part of the V2X technology as they enable the
establishment of a reliable radio link, even in non-line-of-sight conditions.
The V2X shared information to the driver about surrounding vehicles speed and
infrastructure will further help the driver to avoid the collision.
The traffic road intersections
are getting more complex nowadays. It generates high demand for the more
intelligent control solutions that help to minimize the traffic problems in an
efficient way. The growing demand for more efficient and real-time traffic
management system drives the growth of the V2X market. V2X technology
enhances traffic efficiency and smarter transportation management by providing
upcoming traffic congestions and suggesting alternative routes. In addition, various government agencies are taking initiatives to adopt V2X technology
to provide safety and better traffic management. In addition, the growing use
of electronics system in the vehicles to improve vehicle performance and
passenger comfort are likely to contribute to the growth of the V2X market.
Another use for V2X is to help you find parking in crowded areas by using the
vehicle’s cellular connectivity and can display the locations of nearby
available parking spaces on their navigation systems in real time. However,
data security concerns and the cellular connectivity problems across the
developing region are hampering the growth of the V2X market. Moreover, the
growing adoption of autonomous cars and ongoing research and developments in
the automotive sector are projected to create various opportunities for companies working in this technology over the forecast period. The growing
applications of V2X in the rail, ship and airplane transportation are projected
to create various growth opportunities in the near future.
Among the geographies, North
America is the largest region in the V2X market followed by Europe. The growing
demand for the efficient and improved traffic transportation system. The factors
such as better infrastructure, easy adoption of new technologies and favorable
government policies contribute to the growth of V2X technology market in North
America. In addition, Europe is the second largest region in the V2X market.
The increased concern about the safety and the growing need for traffic
management in Europe drivers the growth of the V2X market in this region.
Moreover, Asia Pacific is the fastest growing region in the V2X market owing to
the rapidly growing automotive industry, the presence of various top players
and increasing adoption of new technologies.
The report on global V2X market
covers segments such as component, communication type, connectivity type,
vehicle type, and propulsion type. On the basis of a component, the global V2X the market is categorized into hardware and software. On the basis of communication
type, the global V2X market is categorized into vehicle-to-vehicle (V2V)
communication, vehicle-to-network (V2N) communication, vehicle-to-grid (V2G)
communication, vehicle-to-infrastructure (V2I) communication, vehicle-to-home
communication (V2H), and vehicle-to-pedestrian (V2P) communication. On the
basis of the connectivity type, the global V2X market is categorized into DSRC,
and cellular connectivity. On the basis of vehicle type, the global V2X market
is categorized into commercial vehicles and passenger cars. On the basis of the
propulsion type, the global V2X market is categorized into ICES and EV.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the V2X market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global V2X market such as Continental AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, AUDI AG, Delphi Automotive, Infineon Technologies AG, Cisco Systems, Inc., Autotalks Ltd, and HARMAN International.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global V2X market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of V2X market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the V2X market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the V2X market to understand the present and future trends in this market and formulate their strategies accordingly.