세계의 자동차용 V2X 시장 : 제공 제품별, 커넥티비티별, 통신별, 용도별, 최종 사용자별, 지역별 분석 및 예측(-2030년)

According to Stratistics MRC, the Global Automotive V2X Market is accounted for $0.85 billion in 2024 and is expected to reach $9.87 billion by 2030 growing at a CAGR of 52.7% during the forecast period. Automotive V2X (Vehicle-to-Everything) refers to a communication technology that enables vehicles to interact with various elements in their environment, including other vehicles (V2V), infrastructure (V2I), pedestrians (V2P), and networks (V2N). This technology facilitates real-time data exchange to enhance road safety, improve traffic efficiency, and support the development of smart transportation systems. By leveraging advanced communication protocols, V2X aims to reduce accidents, optimize traffic flow, and enable autonomous driving features, contributing to a more connected and intelligent transportation ecosystem.

According to a study conducted by McKinsey, connectivity, vehicle-to-infrastructure, and vehicle-to-everything (V2I/V2X) communication solutions attracted approximately USD 18 billion in spending in 2020.

Market Dynamics:

Driver:

Urbanization and traffic congestion

As urban populations rise, cities face heightened traffic challenges, leading to longer commutes, increased accidents, and greater emissions. V2X technology addresses these issues by enabling real-time communication between vehicles and infrastructure, facilitating better traffic management, optimized routing, and improved safety. This technology enhances situational awareness for drivers, reduces congestion, and promotes sustainable mobility solutions. Consequently, urban planners and governments are increasingly investing in V2X systems to create smarter, safer, and more efficient urban transportation networks.

Restraint:

Lack of standardization

The lack of standardization in Automotive V2X arises from the involvement of multiple stakeholders, including automakers, technology providers, and government agencies, each with differing priorities and technologies. This fragmentation leads to varying communication protocols, data formats, and security measures, complicating interoperability among systems. As a result, vehicles from different manufacturers may not effectively communicate, hindering the full potential of V2X applications. This uncertainty deters investment and impedes the market adoption.

Opportunity:

Advancements in communication technologies

Advancements in communication technologies, such as 5G and dedicated short-range communications, enable ultra-low latency, high data transfer rates, and robust connectivity, facilitating real-time communication between vehicles, infrastructure, and pedestrians. Enhanced communication capabilities improve the effectiveness of safety applications, such as collision avoidance and traffic management, leading to increased adoption by manufacturers. Furthermore, as these technologies evolve, they support the integration of advanced features in autonomous vehicles, driving the demand for V2X solutions and shaping the future of smart transportation systems.

Threat:

High implementation costs

High implementation costs in the automotive V2X market stem from the significant investments required for advanced infrastructure, such as smart traffic signals, communication networks, and vehicle retrofitting. Additionally, developing and deploying V2X technology involves complex integration processes and ongoing maintenance expenses. These financial barriers can deter manufacturers and municipalities from adopting V2X solutions, limiting market growth.

Covid-19 Impact

The covid-19 pandemic significantly impacted the automotive V2X market by disrupting supply chains, delaying vehicle production, and slowing the rollout of connected vehicle technologies. With reduced mobility and a focus on health and safety, demand for new vehicles decreased. However, the crisis also accelerated interest in digital solutions and smart transportation systems, as remote work and online services grew. As economies recover, the push for V2X technologies is expected to increase, enhancing road safety and traffic management in future urban environments.

The safety and security segment is expected to be the largest during the forecast period

The safety and security segment is predicted to secure the largest market share throughout the forecast period. Automotive V2X in safety and security applications enhances road safety by enabling real-time communication between vehicles, infrastructure, and pedestrians. This technology facilitates features such as collision avoidance, hazard warnings, and emergency vehicle notifications, significantly reducing accident risks. By sharing critical information about traffic conditions, road hazards, and the presence of vulnerable road users, V2X systems improve situational awareness for drivers.

The passenger vehicles segment is expected to have the highest CAGR during the forecast period

The passenger vehicles segment is anticipated to witness the highest CAGR during the forecast period owing to its enhanced driving experiences and safety. This technology supports features such as traffic signal recognition, collision avoidance, and navigation assistance, improving overall traffic flow and reducing congestion. As passenger vehicles increasingly incorporate V2X technology, they contribute to the development of smart cities and autonomous driving, shaping the future of mobility.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by rising vehicle electrification, urbanization, and government initiatives promoting smart transportation. Countries like China, Japan, and South Korea are leading in V2X technology adoption, with investments in connected infrastructure and intelligent transport systems. Further, collaborative efforts between automotive manufacturers and technology firms are fostering innovation, thereby improving overall mobility and efficiency in the region.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period fuelled by advancements in connected vehicle technology and supportive government initiatives. The United States and Canada are at the forefront, implementing regulatory frameworks and infrastructure development to promote V2X communication. The region is home for many major players such as Qualcomm Technologies, General Motors (GM), Denso Corporation and Audi AG. Moreover, major automotive manufacturers are investing heavily in research and development which is accelerating the market growth in the region.

Key players in the market

Some of the key players profiled in the Automotive V2X Market include Qualcomm, Cisco Systems, NXP Semiconductors, Intel Corporation, Ericsson, Cohda Wireless, Autotalks, Volkswagen, Stellantis, Infineon Technologies, Siemens, Panasonic, Huawei, TomTom, HERE Technologies, Valeo, Bosch, Continental AG, Toyota and Ford Motor Company.

Key Developments:

In October 2023, Volkswagen has introduced bidirectional charging capabilities for its ID.4 electric vehicle. This advancement allows the ID.4 to not only charge from the grid but also to supply electricity back to the grid or home networks (V2H, or Vehicle-to-Home). This capability can play a crucial role in stabilizing the electric grid, particularly during peak usage times, by providing additional power where needed.

In April 2023, Stellantis unveiled the Ram 1500 REV, a 168-kWh battery that provides an estimated 350 miles of range. The combination of substantial range, innovative charging capabilities, and robust performance sets it apart as a compelling option for consumers looking for an electric vehicle that doesn't compromise on utility or performance.

Offerings Covered:

• Hardware
• Software
• Services

Connectivities Covered:

• Dedicated Short-Range Communications (DSRC)
• Cellular Vehicle-to-Everything (C-V2X)

Communications Covered:

• Vehicle-to-Vehicle (V2V)
• Vehicle-to-Infrastructure (V2I)
• Vehicle-to-Pedestrian (V2P)
• Vehicle-to-Cloud (V2C)

Applications Covered:

• Traffic Management
• Safety & Security
• Infotainment Services
• Autonomous Driving Support
• Other Applications

End Users Covered:

• Passenger Vehicles
• Commercial Vehicles
• Public Transportation

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive V2X Market, By Offering

• 5.1 Introduction
• 5.2 Hardware
  • 5.2.1 On-Board Units (OBUs)
  • 5.2.2 Roadside Units (RSUs)
  • 5.2.3 Communication Modules
  • 5.2.4 Sensors
• 5.3 Software
  • 5.3.1 V2X Communication Protocol Software
  • 5.3.2 Data Analytics Platforms
  • 5.3.3 Vehicle Management Software
• 5.4 Services
  • 5.4.1 Integration Services
  • 5.4.2 Consulting Services
  • 5.4.3 Maintenance & Support Services

6 Global Automotive V2X Market, By Connectivity

• 6.1 Introduction
• 6.2 Dedicated Short-Range Communications (DSRC)
• 6.3 Cellular Vehicle-to-Everything (C-V2X)

7 Global Automotive V2X Market, By Communication

• 7.1 Introduction
• 7.2 Vehicle-to-Vehicle (V2V)
• 7.3 Vehicle-to-Infrastructure (V2I)
• 7.4 Vehicle-to-Pedestrian (V2P)
• 7.5 Vehicle-to-Cloud (V2C)

8 Global Automotive V2X Market, By Application

• 8.1 Introduction
• 8.2 Traffic Management
• 8.3 Safety & Security
• 8.4 Infotainment Services
• 8.5 Autonomous Driving Support
• 8.6 Other Applications

9 Global Automotive V2X Market, By End User

• 9.1 Introduction
• 9.2 Passenger Vehicles
• 9.3 Commercial Vehicles
• 9.4 Public Transportation

10 Global Automotive V2X Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Qualcomm
• 12.2 Cisco Systems
• 12.3 NXP Semiconductors
• 12.4 Intel Corporation
• 12.5 Ericsson
• 12.6 Cohda Wireless
• 12.7 Autotalks
• 12.8 Volkswagen
• 12.9 Stellantis
• 12.10 Infineon Technologies
• 12.11 Siemens
• 12.12 Panasonic
• 12.13 Huawei
• 12.14 TomTom
• 12.15 HERE Technologies
• 12.16 Valeo
• 12.17 Bosch
• 12.18 Continental AG
• 12.19 Toyota
• 12.20 Ford Motor Company