Global Automotive Vehicle to Everything (V2X) Sales Market Report 2022
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.
Market Analysis and Insights: Global Automotive Vehicle to Everything (V2X) Market
Due to the COVID-19 pandemic, the global Automotive Vehicle to Everything (V2X) market size is estimated to be worth US$ 2328.8 million in 2021 and is forecast to a readjusted size of US$ 2328.8 million by 2028 with a CAGR of 23.1% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Vehicle to Everything (V2X) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
Major producers in the industry are Delphi(Aptiv), Continental AG, Denso, Cohda, Kapsch, Qualcomm, ETRANS, Savari, Autotalks and Arada (Lear), among others.
Global Automotive Vehicle to Everything (V2X) Scope and Market Size
The global Automotive Vehicle to Everything (V2X) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Vehicle to Everything (V2X) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Segment by Application
Road Safety Service
Automatic Parking System
Auto Car Service
Frequently Asked Questions
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