Cellular Vehicle-to-everything (C-V2X) Market: Overview
Cellular vehicle-to-everything (C-V2X) refers to the network which combines features of V2V (Vehicle-to-Vehicle), V2P (Vehicle-to-Pedestrian), V2G (Vehicle-to-Grid), V2I (Vehicle-to-Infrastructure) and V2N (Vehicle-to-Network). The cellular vehicle-to-everything is developed based on 3GPP-based V2X technologies that use LTE technology in V2X systems. Many automobile manufacturers are using C-V2X connecting in vehicles to enable vehicle-to-vehicle communications. Based on LTE cellular technology, the cellular vehicle-to-everything is designed to connect vehicles to each other, to roadside infrastructure, cloud-based services, pedestrian, etc. This cellular vehicle-to-everything is an effective solution that enables reliable, real-time communication and also offers a variety of services such as pay-as-you drive insurance, connected infotainment, vehicle diagnostics, and safety features. With the help of sensors and communication systems, the cellular vehicle-to-everything enables the increase in autonomous driving in vehicles. This cellular vehicle technology is designed to deliver improved road safety and information services to vehicles, and it also uses advanced connectivity in the development of intelligent transport systems which will reduce congestion and pollution. Many leading mobile equipment makers, mobile operators, and automakers are collaborating to run trials of cellular vehicle-to-everything on vehicles.
Cellular Vehicle-to-everything (C-V2X) Market: Dynamics
Increase in autonomous driving and advancement in cellular technologies are the key factors driving the adoption of cellular vehicle-to-everything (C-V2X) across the globe. Also, this cellular vehicle-to-everything (C-V2X) enables intelligent transportation systems and communication between vehicles, roadside infrastructure, and network devices. This factor is highly contributing to the growth of cellular vehicle-to-everything (C-V2X) market.
Lack of cellular coverage in developing nations and lack of infrastructure are the factors that can hamper the growth of cellular vehicle-to-everything (C-V2X) market.
The adoption of advanced technologies such as low latency vehicle-to-everything (V2X) communications for safety and secure communication and precise positioning that helps cars to communicate accurate position and speed are the latest trends in the cellular vehicle-to-everything (C-V2X) market.
Global Cellular Vehicle-to-everything (C-V2X) Market: Segmentation
The cellular vehicle-to-everything (C-V2X) market can be segmented on the basis of component, transmission mode, technology, and region. On the basis of component, the cellular vehicle-to-everything (C-V2X) market can be segmented into hardware and software. On the basis of communication type, the cellular vehicle-to-everything (C-V2X) market can be segmented into direct communication and network communication. The direct communication is further segmented into vehicle-to-vehicle (V2V), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-device (V2D), and vehicle-to-infrastructure (V2I). The network communication include Vehicle-to-Network (V2N) transmission. On the basis of technology, the cellular vehicle-to-everything (C-V2X) market can be segmented into Wi-Fi and Bluetooth.
By Communication Type
Global Cellular Vehicle-to-everything (C-V2X) Market: Competition Landscape
Examples of some of the key players in the global cellular vehicle-to-everything (C-V2X) market are Qualcomm Incorporated, Unex Technology Corp., MediaTek, Inc., Quectel Wireless Solutions, Savari, Inc., Delphi Automotive PLC, Robert Bosch GmbH, Infineon Technologies AG, Audi AG, AT&T Inc., Daimler AG, etc.
Cellular Vehicle-to-everything (C-V2X) Market: Regional Outlook
The Asia Pacific is expected to dominate the cellular vehicle-to-everything (C-V2X) market followed by Western Europe and North America region. The primary growth factor in the Asia Pacific is the China which is expected to be the first country to deploy cellular vehicle-to-everything (C-V2X). Also, the demand for cellular vehicle-to-everything in the Asia Pacific is anticipated to rise as this region has emerged as a hub for automotive production and it caters to the growing demand for the automobile in the market. Increase in demand for vehicle telematics and autonomous driving are the factors driving the growth of cellular vehicle-to-everything (C-V2X) market in Western Europe region. Latin America and MEA are expected to see the significant growth rate in the cellular vehicle-to-everything (C-V2X) market.
In July 2018, 5G Automotive Association (5GAA), BMW Group, Ford Motor Company and PSA Group collaborated with Qualcomm and Savari showcased the live demonstration of C-V2X direct communication technology which is operating across vehicles from multiple automakers. This demonstration presented road safety and traffic efficiency benefits of using C-V2X for vehicle-to-vehicle (V2V) collision avoidance, and vehicle-to-infrastructure (V2I) connectivity to traffic signals and traffic management centers.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.