The Global Vehicle-to-Everything (V2X) Communication System Market is projected to grow at a CAGR of around 36.85% during the forecast period, 2022-27.                                                              

Global Vehicle-to-Everything (V2X) Communications System Market Dynamics:

Key Driver: Rising Focus of Government Institutions to Integrate V2X Technology to Aid the Market Growth

The significant rise in industrialization, urbanization, and an increase in vehicle ownership rates across North America, Asia-Pacific, Europe, and the Middle East & Africa has notably increased accidents & emission rates. Moreover, a surge in the depletion of fossil fuel reserves and heightening prices of crude have raised concerns among the international government organizations to shift toward sustainable mobility solutions. This fueled the demand for electric and autonomous vehicles across the globe owing to their fuel efficiency & ability to minimize road accidents, owing to the deployment of advanced safety systems and sensors.

In 2021, the Government of Korea announced the initiation of a C-ITS, a Cooperative Intelligent Transport System rollout in 44 cities & national expressways, which includes the integration of V2X technologies. With the release, the Korean government intends to complete the C-ITS deployment across the entire expressways network, covering a length of 4075 Km by 2025.

These initiatives launched by the national and international government organizations would substantially support the demand for Vehicle-to-Everything (V2X) Communication systems in the forecast years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Vehicle-to-Everything (V2X) Communications System Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022-27

• By Vehicle Type
  • Passenger
  • Commercial
• By Connectivity
  • Dedicated Short Range Communication (DSRC)
  • Cellular-V2X (C-V2X)
• By Technology
  • Vehicle-to-Vehicle
  • Vehicle-to-Infrastructure
    • Intelligent Traffic System
    • Emergency Vehicle Notification
    • Passenger Information System
    • Fleet & Asset Management
    • Parking Management System
  • Vehicle-to-Pedestrians (V2P)
  • Others (Vehicle-to-Grid, Vehicle-to-Device, etc.)
• By Demand Type
  • OEMs
  • Aftermarkets
• By Vehicle Autonomy
  • Autonomous
  • Semi-Autonomous
• By Component
  • Hardware
    • On-board Units (OBU)
    • Roadside Units (RSU)
    • Others (Antenna, Evaluation Kits, etc.)
  • Software
    • V2X Software Stack
    • V2X Software Development Kit
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Autotalks Ltd., Continental AG, HARMAN International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Robert Bosch GmbH, STMicroelectronics, Cohda Wireless, Others

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