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Cellular Vehicle-To-Everything (c-v2x) Market Trends, Share, Forecast, Overview and Analysis by 2028

September 6, 2021

The global cellular vehicle-to-everything (c-v2x) market is projected to reach a market size of USD 11.27 Billion by 2028 and register a robust CAGR during the forecast period, according to latest analysis by Emergen Research. Growing demand for vehicle-to-everything can be attributed to rising demand for autonomous cars and vehicles with more advanced safety features, especially in developed economies. The report provides detailed insights into cellular vehicle-to-everything (c-v2x) market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in cellular vehicle-to-everything (c-v2x) market size over the forecast period, 2020–2028. The Vehicle-to-Everything (V2X) report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Varying market trends can be attributed to inclining revenue growth of the global cellular vehicle-to-everything (c-v2x) market going ahead. cellular vehicle-to-everything (c-v2x) market trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive cellular vehicle-to-everything (c-v2x) market trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further cellular vehicle-to-everything (c-v2x) market trend evolution and changes going ahead. Implementation of vehicle-to-everything communication increases drivers’ awareness about the surroundings and aids in facilitating autonomous driving. V2X assists in communicating information such as speed accuracy, brake pedal status, and heading.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of cellular vehicle-to-everything (c-v2x) market share contribution of these countries. In addition, cellular vehicle-to-everything (c-v2x) market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

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In terms of cellular vehicle-to-everything (c-v2x) market share and revenue contribution to the global cellular vehicle-to-everything (c-v2x) market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in cellular vehicle-to-everything (c-v2x) market share.

The market intelligence report on the Vehicle-to-Everything (V2X) Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Key Highlights of Report

In June 2019, HARMAN International launched the Dual-Mode V2X system, intended for improving automotive safety.
Vehicle-to-infrastructure segment held a significant revenue share in 2020. V2I is capable of lane and congestion management and helps in fuel efficient consumption and reduced emissions. It has been estimated that optimized freeway lane management and signal operations can result in fuel savings to a maximum of 22.0%.
Intelligent traffic systems are immensely benefitted with vehicle-to-everything communication, which helps in improving traffic efficiency. Vehicles optimize their arrival by obtaining traffic light green signal cycle, and even traffic lights adjust on the basis of feedback received from arriving vehicles.
Revenue from the vehicle-to-everything market in Asia Pacific is projected to register a comparatively faster rate than other regional markets during the forecast period. This rapid growth rate can be attributed to various government initiatives for urban infrastructure digitalization in countries in the region. Besides, rising smartphone penetration and growing concerns about on-road vehicle and driver safety are other factors driving market growth.
Major companies operating in vehicle-to-everything market include Continental AG, Infineon Technologies AG, Robert Bosch GmbH, NXP Semiconductors, Harman International, Delphi Technologies, Qualcomm Technologies Inc., DENSO Corporation, Autotalks Ltd., and STMicroelectronics.

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Region wise performance of the Vehicle-to-Everything (V2X) industry

North America cellular vehicle-to-everything (c-v2x) market trend scenario has significant impact on other regional market trends. North America cellular vehicle-to-everything (c-v2x) market accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall cellular vehicle-to-everything (c-v2x) market trends.

Asia Pacific cellular vehicle-to-everything (c-v2x) market is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying cellular vehicle-to-everything (c-v2x) market trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.

Asia Pacific market share contribution to the global cellular vehicle-to-everything (c-v2x) market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of cellular vehicle-to-everything (c-v2x) market trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific cellular vehicle-to-everything (c-v2x) market.

Europe cellular vehicle-to-everything (c-v2x) market size and revenue growth is primarily supported by cellular vehicle-to-everything (c-v2x) market trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Vehicle-to-Everything (V2X) industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the cellular vehicle-to-everything (c-v2x) market across different regions?
Who are the major driving forces expected to decide the fate of the Vehicle-to-Everything (V2X) industry worldwide?
Who are the prominent market players making a mark in the cellular vehicle-to-everything (c-v2x) market with their winning strategies?
Which Vehicle-to-Everything (V2X) industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the cellular vehicle-to-everything (c-v2x) market?

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