Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025

Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025

V2N Communications and Neutral Servers Most Ideal for Quick Revenue Generation and Scalable Industry-wide V2X Deployment

RELEASE DATE
18-Aug-2020
REGION
North America
Research Code: ME50-01-00-00-00
SKU: AU02029-NA-MR_24647
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Description

The vehicle-to-everything (V2X) industry, although mature in terms of technology, is nascent when it comes to implementation. The technology has been known to provide benefits such as reduced accidents, improved road safety, traffic management, and better co-ordination for autonomous vehicles. However, the automotive industry is yet to see a breakthrough in V2X adoption, in contrast to the rapid growth of electric vehicles in the global market.

This is partly because of the different approaches that automakers have taken to implement V2X. The choice of communication types preferred by automakers includes dedicated short-range communication (DSRC) and cellular V2X (C-V2X). The study covers the preferences of automakers and their roadmap for the next five years to implement V2X technologies. Based on this, forecasts are made while into account taking other factors such as regulations, infrastructure, technology development, and cost.

The regulatory environment is the biggest influencer to the adoption of V2X technology. Regulatory laws remain unclear because the governments and departments of transport in North America and Europe are struggling to bring clarity to the industry in terms of V2X and its scope and limitations. This study presents an overview of the type of regulatory framework that is being adopted in different countries and how each region plans to implement V2X.

With V2X, there are possibilities of new business models that could be explored by automakers, suppliers, and technology companies. This has been detailed through the case studies in this report, which hint on how the current conundrum can be used to the benefit of the companies using V2X within their existing conditions.

There are additional aspects of the V2X industry covered in the study such as the ecosystem, Euro new car assessment program (NCAP) framework, cost factors in 5G, applications and services, and competitive benchmarking of suppliers.

The study also presents potential growth opportunities for automakers and other market participants and derives strategic imperatives for companies to follow as recommendations. As a final word, Frost & Sullivan’s take on the industry and its future has also been summed up as three big predictions.

Key Issues Addressed

  • What is the current status of the V2X industry?
  • What are the expected regulations and what impact will they have on the automotive industry?
  • What strategies will automakers apply for a sustainable model?
  • When is mass adoption of V2X technologies expected to take place in North America, Europe, and China?
  • What will be the future of V2X and automated driving systems?

Author: Suhas Gurumurthy

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Executive Summary—Regional Overview of V2X

V2X Ecosystem

OEM Deployments and Future Outlook

Key Findings and Future Outlook

Industry Stance Summary—Choice of V2X Communications

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

V2X Communication Types

DSRC and C-V2X Communication Modes

Importance of Satellite-based Communications in V2X

V2X Technology Comparisons

V2X Services and Use Cases—For C-ITS

C-V2X Connectivity—4G and 5G in V2X

5G Cost Factors in C-V2X

Test and Trials (C-V2X)

DSRC—Relevance in the Future

Euro NCAP Framework for V2X in 2024

OEM Overview—North America

OEM Overview—Europe

OEM Overview—China

Case Study—Toyota’s Success and Failure Models of V2X

Case Study—Unique Partnership Activities

Competitive Benchmarking of V2X Suppliers

Case Study—NoTraffic: Autonomous Traffic Management Platform

V2X Adoption

Regulations Overview

Analysis of Factors for V2X Adoption in Different Scenarios

Forecast Assumptions and Methodology

North America—YoY Adoption Rates and Sales

Europe—YoY Adoption Rates and Sales

China—YoY Adoption Rates and Sales

Automaker Services Revenues Opportunity—OBU

V2X Chipset Makers Opportunity—OBU

Growth Opportunity—Significant Potential Revenue from Data Platforms

Strategic Imperatives for V2X Participants

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms Used

Abbreviations and Acronyms Used (continued)

Abbreviations and Acronyms

List of Exhibits

List of Exhibits (continued)

The vehicle-to-everything (V2X) industry, although mature in terms of technology, is nascent when it comes to implementation. The technology has been known to provide benefits such as reduced accidents, improved road safety, traffic management, and better co-ordination for autonomous vehicles. However, the automotive industry is yet to see a breakthrough in V2X adoption, in contrast to the rapid growth of electric vehicles in the global market. This is partly because of the different approaches that automakers have taken to implement V2X. The choice of communication types preferred by automakers includes dedicated short-range communication (DSRC) and cellular V2X (C-V2X). The study covers the preferences of automakers and their roadmap for the next five years to implement V2X technologies. Based on this, forecasts are made while into account taking other factors such as regulations, infrastructure, technology development, and cost. The regulatory environment is the biggest influencer to the adoption of V2X technology. Regulatory laws remain unclear because the governments and departments of transport in North America and Europe are struggling to bring clarity to the industry in terms of V2X and its scope and limitations. This study presents an overview of the type of regulatory framework that is being adopted in different countries and how each region plans to implement V2X. With V2X, there are possibilities of new business models that could be explored by automakers, suppliers, and technology companies. This has been detailed through the case studies in this report, which hint on how the current conundrum can be used to the benefit of the companies using V2X within their existing conditions. There are additional aspects of the V2X industry covered in the study such as the ecosystem, Euro new car assessment program (NCAP) framework, cost factors in 5G, applications and services, and competitive benchmarking of suppliers. The study also presents potential growth opportunities for automakers and other market participants and derives strategic imperatives for companies to follow as recommendations. As a final word, Frost & Sullivan’s take on the industry and its future has also been summed up as three big predictions.--BEGIN PROMO--

Key Issues Addressed

  • What is the current status of the V2X industry
  • What are the expected regulations and what impact will they have on the automotive industry
  • What strategies will automakers apply for a sustainable model
  • When is mass adoption of V2X technologies expected to take place in North America, Europe, and China
  • What will be the future of V2X and automated driving systems

Author: Suhas Gurumurthy

More Information
No Index No
Podcast No
Predecessor MA29-18
Author Suhas Gurumurthy
Industries Automotive
WIP Number ME50-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9A70-A6,9965-A6,9AF6-A6,9B13-A6