Cellular Vehicle-to-Everything (C-V2X) Market study on key players, Industry Share and Regional Analysis
Category: #business  By Rahul Varpe  Date: 2021-08-04
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Cellular Vehicle-to-Everything (C-V2X) Market study on key players, Industry Share and Regional Analysis

Cellular vehicle-to-everything (C-V2X) market is slated to witness considerable growth over the coming years owing to growing development of smart city projects, rising demand for next generation 5G network, and growing need for improving operation efficiency across fleet managers.

Cellular vehicle-to-everything is an LTE-based technology that lets vehicles communicate wirelessly with other vehicles, pedestrians, and smart infrastructure. It allows direct communication among the connected devices. Cellular vehicle-to-everything is basically designed to supplement other ADAS sensors like LIDAR, radar, and cameras.

In comparison to 802.11p or DSRC (dedicated short-range communication), C-V2X delivers an increased communication range, increased cost efficiency, enhanced reliability, and greater non-line-of-sight (NLOS) performance. Presently, most of the automakers are adding in cellular vehicle-to-everything connectivity to their vehicles since it has numerous important advantages over previous technologies designed for enabling V2V (vehicle-to-vehicle) communications.

The cellular vehicle-to-everything (C-V2X) market is bifurcated into numerous segments in terms of type, component, application, vehicle type, and regional landscape.

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Based on type, the C-V2X market is classified into vehicle-to-vehicle, vehicle-to-person, vehicle-to-infrastructure, and vehicle-to-network. Among these, vehicle-to-network will witness substantial growth over the coming years. In 2019, the segment held a market share of over 15% owing to growing demand of next generation 5G network.

V2N communication gives vehicle information regarding traffic and road conditions in the area, by utilizing the standard mobile networks.

In terms of application, the overall cellular vehicle-to-everything market is segmented into parking management system, intelligent traffic system, collision avoidance, autonomous driving, fleet management, and others. Among these, fleet management segment will witness a respectable CAGR of around 10% over the forecast time period. This anticipated growth is ascribed to the growing demand for improving operation efficiency across fleet managers.

Meanwhile, in 2019, the parking management system segment accounted for 10% of the overall industry share and will continue to show similar growth in the years to come. This anticipated growth is attributed to the growing emphasis on avoiding long waiting hours for finding proper parking space for vehicles.

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V2X has relatively more importance for parking management system across smart cities. It enables enhanced parking enforcement, gives real time details regarding parking availability and occupancy, monitors congestion and air quality control. Overall, it offers better parking experience for parking operators and car users.

From a regional frame of reference, Middle East & Africa C-V2X market will witness a CAGR of more than 10% over the forthcoming time period. The region is expected to witness a substantial business trend owing to growing development of smart city projects.

Table of Contents

Chapter 1: Methodology & Scope

  • 1.1. Scope & definitions
  • 1.2. Methodology and forecast parameters
  • 1.3. Data Sources
    • 1.3.1. Paid Sources
    • 1.3.2. Secondary
      • 1.3.2.1. Public sources

Chapter 2: Executive Summary

  • 2.1. C-V2X industry 360 degree synopsis, 2018- 2026
    • 2.1.1. Business trends
    • 2.1.2. Regional trends
    • 2.1.3. Communication type trends
    • 2.1.4. Component trends
    • 2.1.5. Application trends
    • 2.1.6. Vehicle type trends

Chapter 3: C-V

  • 3.1. Introduction
  • 3.2. Industry segmentation
  • 3.3. Impact of COVID-19 outbreak
    • 3.3.1. Global Outlook
    • 3.3.2. Impact by region
      • 3.3.2.1. North America
      • 3.3.2.2. Europe
      • 3.3.2.3. Asia Pacific
      • 3.3.2.4. Latin America
      • 3.3.2.5. Middle East & Africa (MEA)
    • 3.3.3. Impact on industry value chain
    • 3.3.4. Impact on competitive landscape
  • 3.4. C-V2X ecosystem analysis
  • 3.5. C-V2X technology evolution
  • 3.6. C-V2X technology architecture
  • 3.7. Technology and innovation landscape
    • 3.7.1. Usage-based insurance
    • 3.7.2. Platooning
    • 3.7.3. Brain to Vehicle (B2V) technology
    • 3.7.4. 5G technology
  • 3.8. Use cases
    • 3.8.1. Advanced driving with intent/trajectory sharing
    • 3.8.2. Extended sensors
    • 3.8.3. Remote driving
    • 3.8.4. Data Uplink
    • 3.8.5. Real-time HD mapping
  • 3.9. Regulatory landscape
    • 3.9.1. LTE 3GPP Release 14
    • 3.9.2. IEEE 802.11p/Dedicated Short Range Communications (DSRC)
    • 3.9.3. ITS-G5 standard for short-range communications (V2V)
    • 3.9.4. Notice of Proposed Rulemaking (NPRM) - USDOT
    • 3.9.5. Intelligent Internet-connected Vehicles Road Test Administrative Rules (for trial implementation) - China
    • 3.9.6. Guidelines for Field Operational Tests of Automated Driving Systems on Public Roads- Japan
  • 3.10. Industry impact forces
    • 3.10.1. Growth drivers
      • 3.10.1.1. Demand for safer roads
      • 3.10.1.2. Adoption of autonomous vehicles
      • 3.10.1.3. Advancements in cellular technologies
      • 3.10.1.4. Growing popularity of vehicle telematics
      • 3.10.1.5. Increasing demand for smart cities
    • 3.10.2. Industry pitfalls and challenges
      • 3.10.2.1. Network security and privacy issues
      • 3.10.2.2. Failure of the autonomous driving system
      • 3.10.2.3. Lack of cellular coverage
  • 3.11. Porter's analysis
    • 3.11.1. Bargaining power of suppliers
    • 3.11.2. Bargaining power of buyers
    • 3.11.3. Threat of new entrants
    • 3.11.4. Threat of substitutes
  • 3.12. PESTLE analysis
  • 3.13. Growth potential analysis
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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