Global V2X Market Research Report – Forecast till 2026

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The Global V2X Market in terms of value is estimated to register a 58.84% CAGR during the review period to surpass a value of USD 15,050.0 Million by 2026.

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Global V2X Market Research Report – Forecast till 2026

Market Overview
The Global V2X Market in terms of value is estimated to register a 58.84% CAGR during the review period to surpass a value of USD 15,050.0 Million by 2026. Vehicle to Everything (V2X) is a communication system that supports the transfer of information from a vehicle to other components of the traffic system that may affect the vehicle. The V2X technology is intended to enhance road safety, energy accumulation, and traffic capability on the roads. The communication is obtained by transforming data from sensors and other sources travel through high-bandwidth, low-latency, high-reliability links, paving the way to fully autonomous driving.
The global V2X market is expected to register substantial growth during the review period owing to the increase in the sale of EVs and luxury vehicles and the rising deaths due to road accidents. The growth of the major market players is attributed to the market conditions, government support, and industrial development. Thus, the major manufacturers are concentrating on growing their presence and enhancing their services worldwide. The growth of semi-autonomous and autonomous vehicles is set to create lucrative opportunities for market players in the future. However, the rising initial and maintenance cost is estimated to hinder the market growth during the forecast period.
Market Segmentation
Global Market for V2Xs has been categorized based on Component, Communication Type, and Propulsion.
In terms of Components, the Global Market has been classified into hardware and software. The hardware segment is expected to exhibit a 60.49% CAGR during the review timeframe.
By Communication Type segment, the global market has been segregated into V2C, V2D, V2G, V2P, V2V, and V2I. V2V segment accounted for the largest market contribution. By Propulsion, the global market has been divided into EV and ICE. The ICE segment is expected to register a 56.48% CAGR during the forecast period.

Regional Analysis
Geographically, the report on the global V2X market has been classified into North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to dominate the global V2X market with the largest market share of 38.49% in 2019. The regional market is attributed to the various norms of the European Union regarding vehicle safety, which cause the automotive OEMs and electronic component manufacturers to consistently integrate electronics into automobiles. Germany leads the regional market as the major manufacturers have world-class R&D infrastructure, which enables them to develop cutting-edge technologies and systems and aids in meeting the requirement for mobility in the future.
Asia-Pacific is anticipated to lead the second largest market of the global V2X market followed by North America. As per the China Association of Automobile Manufacturers, China is one of the largest manufacturers and consumers of electric vehicles (EVs) in the world. Additionally, the country’s government and related organizations have been investing in promoting the adoption of EVs.
Major Competitors
The key players of the global V2X Market research report include Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, and STMicroelectronics NV.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL V2X MARKET, BY COMPONENT 15

1.1.2 GLOBAL V2X MARKET, BY COMMUNICATION TYPE 16

1.1.3 GLOBAL V2X MARKET, BY PROPULSION 17

1.1.4 GLOBAL V2X MARKET, BY REGION 18

2 MARKET INTRODUCTION
2.1 DEFINITION 19

2.2 SCOPE OF THE STUDY 19

2.3 MARKET STRUCTURE 19

2.4 KEY BUYING CRITERIA 20

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 21

3.2 PRIMARY RESEARCH 22

3.3 SECONDARY RESEARCH 23

3.4 MARKET SIZE ESTIMATION 24

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 24

3.6 FORECAST MODEL 25

3.7 LIST OF ASSUMPTIONS 26

4 MARKET DYNAMICS
4.1 INTRODUCTION 27

4.2 DRIVERS 28

4.2.1 INCREASE IN SALE OF EV AND LUXURY VEHICLES 28

4.2.2 INCREASING DEATHS DUE TO ROAD ACCIDENTS 30

4.2.3 DRIVER IMPACT ANALYSIS 31

4.3 RESTRAINT 31

4.3.1 HIGH COST 31

4.3.2 RESTRAINT IMPACT ANALYSIS 32

4.4 OPPORTUNITIES 32

4.4.1 RISING ADOPTION IN DEVELOPED COUNTRIES 32

4.4.2 DEVELOPMENT OF SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLES 33

4.5 COVID-19 IMPACT ANALYSIS 33

4.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY 33

4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 34

4.5.2.1 FORD 34

4.5.2.2 AMERICAN HONDA 34

4.5.2.3 FCA 35

4.5.2.4 KIA 35

4.5.2.5 VOLKSWAGEN 35

4.5.3 IMPACT ON V2X MARKET 35

4.5.3.1 IMPACT ON SUPPLY CHAIN 35

4.5.3.2 CASH FLOW CONSTRAINTS 36

4.5.4 IMPACT ON WORLD TRADE 36

5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 37

5.1.1 THREAT OF NEW ENTRANTS 38

5.1.2 BARGAINING POWER OF SUPPLIERS 38

5.1.3 THREAT OF SUBSTITUTES 38

5.1.4 BARGAINING POWER OF BUYERS 38

5.1.5 INTENSITY OF RIVALRY 38

5.2 SUPPLY CHAIN ANALYSIS 39

5.2.1 DESIGN & DEVELOPMENT 39

5.2.2 COMPONENT SUPPLY 39

5.2.3 MANUFACTURE/ASSEMBLY 40

5.2.4 END USE 40

6 GLOBAL V2X MARKET, BY COMPONENT
6.1 OVERVIEW 41

6.2 HARDWARE 42

6.3 SOFTWARE 42

7 GLOBAL V2X MARKET, BY PROPULSION
7.1 OVERVIEW 43

7.2 ELECTRIC VEHICLE (EV) 44

7.3 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE 44

8 GLOBAL V2X MARKET, BY COMMUNICATION TYPE
8.1 OVERVIEW 45

8.2 VEHICLE-TO-CLOUD (V2C) 46

8.3 VEHICLE-TO-DEVICE (V2D) 46

8.4 VEHICLE-TO-GRID (V2G) 46

8.5 VEHICLE-TO-PEDESTRIAN (V2P) 46

8.6 VEHICLE-TO-VEHICLE (V2V) 47

8.7 VEHICLE-TO-INFRASTRUCTURE (V2I) 47

9 GLOBAL V2X MARKET, BY REGION
9.1 OVERVIEW 48

9.1.1 GLOBAL V2X MARKET, BY REGION, 2017–2026 48

9.2 NORTH AMERICA 49

9.2.1 US 51

9.2.2 CANADA 52

9.2.3 MEXICO 53

9.3 EUROPE 54

9.3.1 GERMANY 56

9.3.2 UK 57

9.3.3 FRANCE 58

9.3.4 ITALY 59

9.3.5 REST OF EUROPE 60

9.4 ASIA-PACIFIC 61

9.4.1 CHINA 63

9.4.2 JAPAN 64

9.4.3 INDIA 65

9.4.4 REST OF ASIA-PACIFIC 66

9.5 REST OF THE WORLD 67

9.5.1 MIDDLE EAST & AFRICA 69

9.5.2 SOUTH AMERICA 71

10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 73

10.2 MAJOR GROWTH STRATEGY IN THE GLOBAL V2X MARKET 74

10.3 COMPETITIVE BENCHMARKING 75

10.4 MARKET SHARE ANALYSIS 76

10.5 KEY DEVELOPMENTS IN THE GLOBAL V2X MARKET 76

10.5.1 KEY DEVELOPMENTS: MERGERS & ACQUISITIONS 76

10.5.2 KEY DEVELOPMENTS: PARTNERSHIPS/COLLABORATIONS 77

10.5.3 KEY DEVELOPMENTS: EXPANSIONS 77

10.5.4 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS/LAUNCHES 78

11 COMPANY PROFILES
11.1 CONTINENTAL AG 79

11.1.1 COMPANY OVERVIEW 79

11.1.2 FINANCIAL OVERVIEW 80

11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 80

11.1.4 KEY DEVELOPMENTS 81

11.1.5 SWOT ANALYSIS 81

11.1.6 KEY STRATEGY 82

11.2 INFINEON TECHNOLOGIES AG 83

11.2.1 COMPANY OVERVIEW 83

11.2.2 FINANCIAL OVERVIEW 84

11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84

11.2.4 KEY DEVELOPMENTS 85

11.2.5 SWOT ANALYSIS 85

11.2.6 KEY STRATEGIES 85

11.3 ROBERT BOSCH GMBH 86

11.3.1 COMPANY OVERVIEW 86

11.3.2 FINANCIAL OVERVIEW 87

11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87

11.3.4 KEY DEVELOPMENTS 88

11.3.5 SWOT ANALYSIS 88

11.3.6 KEY STRATEGIES 89

11.4 DELPHI TECHNOLOGIES 90

11.4.1 COMPANY OVERVIEW 90

11.4.2 FINANCIAL OVERVIEW 91

11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91

11.4.4 KEY DEVELOPMENTS 92

11.4.5 SWOT ANALYSIS 92

11.4.6 KEY STRATEGIES 92

11.5 DENSO CORPORATION 93

11.5.1 COMPANY OVERVIEW 93

11.5.2 FINANCIAL OVERVIEW 94

11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 94

11.5.4 KEY DEVELOPMENTS 95

11.5.5 SWOT ANALYSIS 95

11.5.6 KEY STRATEGIES 95

11.6 STMICROELECTRONICS N.V. 96

11.6.1 COMPANY OVERVIEW 96

11.6.2 FINANCIAL OVERVIEW 97

11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 97

11.6.4 KEY DEVELOPMENTS 98

11.7 NXP SEMICONDUCTORS 99

11.7.1 COMPANY OVERVIEW 99

11.7.2 FINANCIAL OVERVIEW 100

11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 100

11.7.4 KEY DEVELOPMENTS 101

11.8 QUALCOMM TECHNOLOGIES, INC. 102

11.8.1 COMPANY OVERVIEW 102

11.8.2 FINANCIAL OVERVIEW 103

11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 104

11.8.4 KEY DEVELOPMENTS 104

11.9 AUTOTALKS LTD. 105

11.9.1 COMPANY OVERVIEW 105

11.9.2 FINANCIAL OVERVIEW 105

11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 105

11.9.4 KEY DEVELOPMENTS 105

11.10 HARMAN INTERNATIONAL 106

11.10.1 COMPANY OVERVIEW 106

11.10.2 FINANCIAL OVERVIEW 106

11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 106

11.10.4 KEY DEVELOPMENTS 106

12 APPENDIX
12.1 DATA SOURCES 107

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