Lakhan M

" V2X Market for Automotive by Communication Type (V2C, V2D, V2G, V2P, V2V and V2I), Offering Type (Hardware and Software), Connectivity Type (DSRC and Cellular), Propulsion Type (ICE and EV), Technology Type, and Region - Global Forecast to 2025" V2X is a wireless technology that enables communication between vehicles, infrastructure, and other devices in the vicinity, grid, home, and network.

This type of communication enables better traffic management, which leads to reduced congestion on the roads. High energy savings and improvements in location accuracy and positioning are some of the other advantages of this technology. The applications of the automotive V2X technology include intelligent traffic system, collision avoidance, parking management systems, emergency vehicle notification, and other sub-applications. This technology helps the vehicle to receive warnings regarding real-time traffic and alerts related to accidents or other hurdles.

The global V2X market is projected to grow at a CAGR of 17.61% from 2017 to 2025.

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The Asia Pacific and Europe are expected to witness a significant growth of the V2X market during the forecast period. The market growth in these regions can be attributed to the growing demand for passenger safety and increase in consumer purchasing power. North America is estimated to account for the largest share of the V2X market because of developed infrastructure, high income, and favorable policies and regulations by the government. North America is followed by Europe, Asia Pacific, and the Rest of the World (RoW).

The V2X market is dominated by global players and a few regional players. Some of the key market players are Continental (Germany), Qualcomm (US), NXP Semiconductors (Netherlands), Robert Bosch (Germany), and Delphi Automotive (UK). Continental, one of the leading players in the V2X market, recently launched a new DTCO (Digital Tachograph) configuration app that makes it possible for fleet managers to communicate with the DTCO 3.0 tachograph and configure it on their own, thus saving valuable time.

Qualcomm, headquartered in the US, develops, designs, manufactures and markets digital telecommunication products and services. It was founded in 1985. The company operates through the following segments—Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. In 2017, Qualcomm Technologies and LG Electronics (LG) announced coordinated efforts to facilitate the testing and adoption of 5G and C-V2X communications into vehicles.

Another key market player is NXP Semiconductors, which provides secure connectivity solutions for embedded applications. The company is currently trying to enhance its product portfolio. The NXP S32 platform is the world's first fully scalable automotive computing architecture. It is expected to be adopted by both premium and volume automotive brands as it offers a unified architecture of microcontrollers/microprocessors (MCU/MPU) and an identical software environment across application platforms. Additionally, NXP SAF5400 is the world’s first automotive qualified, high-performance single-chip DSRC modem. Its unique scalable architecture, new industry-leading security features, and leading edge RFCMOS and software defined radio (SDR) technologies offer OEMs flexible options for cross-regional secure V2X adoption and field upgradeability.

Other major players in the V2X market are focusing on enhancing their product portfolio related to V2X technology to achieve continuous and sustainable growth in the market. Additionally, many players across the automobile ecosystem have acknowledged the importance of passenger safety. These companies have adopted varied strategies of new product development, expansion, supply contracts, joint ventures, and agreements to gain traction in the V2X market for automotive.

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The scope of the Report-

V2X Market, By Offering Type

Hardware Software V2X Market, By Communication Type

Vehicle-to-Vehicle (V2V) Vehicle-to-Infrastructure (V2I) Vehicle-to-Pedestrian (V2P) Vehicle-to-Device (V2D) Vehicle-to-Grid (V2G) Vehicle-to-Cloud (V2C) V2X Market, By Connectivity Type

Dedicated Short Range Communication (DSRC) Cellular Connectivity V2X Market, By Technology Type

Automated Driver Assistance Intelligent Traffic Systems Emergency Vehicle Notification Passenger Information System Fleet & Asset Management Parking Management System Line of sight Non-line of sight Backing Others

Lakhan M

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Digital Marketing Specialist

Pune, Maharashtra, India 914 followers 500+ connections

See your mutual connections View mutual connections with Lakhan Sign in Welcome back Email or phone Password Show Forgot password? Sign in or New to LinkedIn? Join now or New to LinkedIn? Join now

Experience

Digital Marketing Specialist

Self-Employed

Education

Shivaji University, Kolhapur

Master of Business Administration (M.B.A.) MBA

Languages

English

Native or bilingual proficiency

Marathi

Professional working proficiency

View Lakhan’s full profile

Other similar profiles

Ankit B

Heta Desai

Lucy Gregory

Megan Holmes

Michelle Brannan

Jennifer Duncan

Rajesh vishwakarma

Abbie Dyer

LAVITA BAGRI

Pooja parkhe

Explore collaborative articles

Others named Lakhan M in India

lakhan m

Lakhan M.

lakhan m

Lakhan M S

Add new skills with these courses

Remarketing Strategies with Google Ads and Analytics

OMCA™ Certification for Digital Marketers Test Prep

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Pune, Maharashtra, India

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