V2X Market (Vehicle-to-Everything) Communications Ecosystem, Key Players, Opportunities, Challenges, Strategies & Forecasts 2019-2030

V2X Market (Vehicle-to-Everything) Communications Ecosystem, Key Players, Opportunities, Challenges, Strategies & Forecasts 2019-2030

PR Newswire

PUNE, India, March 26, 2019

PUNE, India, March 26, 2019 /PRNewswire/ -- Commonly referred to as V2X, vehicle-to-everything communications technology allows vehicles to directly communicate with each other, roadside infrastructure, and other road users to deliver an array of benefits in the form of road safety, traffic efficiency, smart mobility, environmental sustainability, and driver convenience. In addition, V2X is also helping pave the way for fully autonomous driving through its unique non line-of-sight sensing capability which allows vehicles to detect potential hazards, traffic, and road conditions from longer distances and sooner than other in-vehicle sensors such as cameras, radar, and LiDAR (Light Detection and Ranging).

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Although legacy V2I (Vehicle-to-Infrastructure) technologies are currently in operational use worldwide for ETC (Electronic Toll Collection) and relatively simple V2I applications, advanced V2X systems – capable of supporting V2V (Vehicle-to-Vehicle), V2I and other forms of V2X communications – are beginning to gain broad commercial acceptance with two competing technologies vying for the attention of automakers and regulators:  the commercially mature IEEE 802.11p/DSRC (Dedicated Short Range Communications) standard, and the relatively new 3GPP-defined C-V2X (Cellular V2X) technology which has a forward evolutionary path towards 5G.

With an initial focus on road safety and traffic efficiency applications, Toyota and GM (General Motors) have already equipped some of their vehicle models with IEEE 802.11p-based V2X technology in Japan and North America.  Among other commercial commitments, Volkswagen will begin deploying IEEE 802.11p on volume models in Europe starting from 2019, while Geely and Ford plan to integrate C-V2X in their new vehicles by 2021 and 2022 respectively. It is also worth nothing that a number of luxury automakers – including BMW, Daimler, Volkswagen's subsidiary Audi, and Volvo Cars – already deliver certain V2X-type applications through wide-area cellular connectivity and supporting infrastructure such as appropriately equipped roadwork trailers.

Despite the ongoing 802.11p/DSRC versus C-V2X debate, regulatory uncertainty and other challenges, global spending on V2X communications technology is expected to grow at a CAGR of more than 170% between 2019 and 2022. Research predicts that by the end of 2022,  V2X market will account for a market worth $1.2 Billion, with an installed base of nearly 6 Million V2X-equipped vehicles worldwide.

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The "V2X (Vehicle-to-Everything) Communications Ecosystem: 2019 – 2030 – Opportunities, Challenges, Strategies & Forecasts" report presents an in-depth assessment of the V2X ecosystem including market drivers, challenges, enabling technologies, application scenarios, use cases, business models, key trends, standardization, spectrum availability/allocation, regulatory landscape, V2X deployment case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents market size forecasts from 2019 till 2030. The forecasts cover four submarkets, two air interface technologies,  10 application categories and five regions.

Key Findings:

The report has the following key findings:

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Topics Covered:

The report covers the following topics:

Forecast Segmentation:

Market forecasts are provided for each of the following submarkets and their subcategories:

Submarkets

  1. OBUs (On-Board Units)
  2. RSUs (Roadside Units)

Air Interface Technologies

  1. LTE-V2X
  2. 5G NR (New Radio)-V2X
  1. IEEE 802.11p-2010
  2. IEEE 802.11bd/NGV (Next-Generation V2X)

Application Categories

Regional Markets: North America, Asia Pacific, Europe, Middle East & Africa, Latin & Central America

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Key Questions Answered:

The report provides answers to the following key questions:

  1. How big is the V2X opportunity?
  2. What trends, drivers and barriers are influencing its growth?
  3. How is the ecosystem evolving by segment and region?
  4. What will the market size be in 2022, and at what rate will it grow?
  5. Which regions and countries will see the highest percentage of growth?
  6. What is the status of V2X adoption worldwide, and what is the current installed base of V2X-equipped vehicles?
  7. What are the key application scenarios and use cases of V2X?
  8. How does V2X augment ADAS (Advanced Driver Assistance Systems) to improve active safety, traffic efficiency and situational awareness?
  9. Can V2X improve road safety for pedestrians, cyclists, motorcyclists and other vulnerable road users?
  10. What are the practical, quantifiable benefits of V2X – based on early commercial rollouts and large-scale pilot deployments?
  11. What are the technical and performance characteristics of IEEE 802.11p and C-V2X?
  12. Do VLC (Visible Light Communications)/Li-Fi and other short-range wireless technologies pose a threat to IEEE 802.11p and C-V2X?
  13. Which V2X applications will 5G-V2X and IEEE 802.11bd systems support in the future?
  14. How will V2X enable the safe and efficient operation of autonomous vehicles?
  15. What opportunities exist for mobile operators and cellular industry specialists in the V2X ecosystem?
  16. Who are the key ecosystem players, and what are their strategies?
  17. What strategies should automotive OEMs, V2X technology & solution providers, and other stakeholders adopt to remain competitive?

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