Cellular Vehicle-to-Everything (C-V2X) Market: Introduction

  • V2X (Vehicle-to-everything) is a technology that enables vehicles to communicate with each other and with other road users and infrastructure, in order to enhance road safety and mobility. The technology utilizes wireless signals to communicate with compatible systems, thus enabling vehicles to improve their awareness about their surrounding objects.
  • The key objective of a V2X system is safety. In manned vehicles, V2X systems transmit important information to the driver in the form of alerts and notifications. In connected autonomous vehicles, V2X comprises sensors that enable vehicles to take more informed and coordinated decisions and take actions when needed.

Key Drivers of Cellular Vehicle-to-Everything (C-V2X) Market

  • Increase in demand for smart cities, vehicles and surge in research in technology, including advance drive assist system (ADAS) and connected vehicles is projected to boost the C-V2X market. Increase in demand for smartphones and technologies in smartphones is estimated to propel the C-V2X market, as connected vehicles can be operated through smartphone applications. A major feature included in connected vehicles is the detection of passenger health. The connected vehicle would automatically select the shortest possible route to the nearest hospital if onboard sensors on the vehicle detect failing health of a passenger. Such advance systems are expected to drive the C-V2X market.
  • C-V2X uses two corresponding communication mode, the first mode is the direct connection between the vehicle and the pedestrian. In this mode, C-V2X works autonomously of the cellular networks. The second mode is network communications, in which C-V2X employs the conventional mobile network to allow a vehicle to receive information about traffic and road conditions in the surroundings of the vehicle.

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Asia Pacific to hold prominent share of global cellular Vehicle-to-Everything(C-V2X) market

  • Asia Pacific accounted for a significant share of the C-V2X market. Increasing research and development on electric vehicles and autonomous vehicle (AVs) in China, Japan, and India is propelling the C-V2X market in Asia Pacific. North America is witnessing rapid adoption of autonomous vehicles, which in turn to boosts the C-V2X market. Newly developed EVs and AVs are integrated with major safety features including ADAS, park assist, C-V2X System which in turn is estimated to propel the global C-V2X market.
  • North America has witnessed rapid increase in adoption of advanced drive assist system (ADAS), which in turn is projected to boost the C-V2X market in the region. New entrants in the automotive market in China, India, Japan, and South Korea are likely to influence research and development on internet connectivity in the automotive market in Asia Pacific.

Key players operating in cellular Vehicle-to-Everything(C-V2X) market

The cellular vehicle to everything (C-V2X) market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the cellular vehicle-to-everything (C-V2X) market are:

  • Robert Bosch GmbH
  • Continental AG
  • Ficosa International SA
  • AT&T Solutions
  • Autotalks Ltd.
  • Quectel wireless co. Ltd.
  • Commsignia Ltd.
  • Huawei Technologies co. Ltd.
  • Intel Corporation
  • Ficosa International
  • Qualcomm Technologies Inc.

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Global Cellular Vehicle-to-Everything(C-V2X) Market: Research Scope

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Connectivity

  • 5G
  • 4G
  • Bluetooth
  • Wi-Fi
  • Others

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Satellite-based Navigation

  • GPS
  • GNSS
  • Dead Reckoning
  • GLONASS
  • Others

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Communication

  • Vehicle to Network
  • Vehicle to Infrastructure
  • Vehicle to Vehicle
  • Vehicle to person

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Component

  • Sensors
  • ECU
  • Display
  • Others

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Sales Channel

  • OEMs
  • Aftermarket

Global Cellular Vehicle-to-Everything(C-V2X) Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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