Vehicle-To-Everything (V2X) Communications Market Will Exceed 47 M Vehicles in 2016

Friday 24 June 2016, Amsterdam

The growth in V2X continues to boost the value of the over-the-air features and services. As vehicles go online, the value and players are growing. Vehicle-to-everything (v2X) communication is rapidly moving into the automotive industry. As more online-ready vehicles become a part of the intelligent transportation system, companies will develop more novel features and services that utilise newly available data  As more vehicles roll out from factories with connectivity features, the technology is opening the gate to a new generation of connected vehicle services, which depend on the vehicle-server connection. This communication can enable backend systems to do the complex analytics on data gathered by cars in the direct area and inform drivers of adverse road conditions or traffic jam status, for example.

The key player assesses that sales of new passenger cars equipped with either V2V, V2I, V2H or IN-V communication modules will face a significant growth in the next 10 years from 2016-2026. DSRC modules are expected to be the norm connectivity technology for V2V Communications towards the end of the forecast with LTE, GPS, and sensor-based modules enabling the adoption of safety and convenience for in-vehicle applications.

The key player author of the 188 page Automotive Vehicle to Everything (V2X) Communications Market 2016-2026: Vehicle to Vehicle (V2V), Vehicle to Infrastructure (V2I), Vehicle to Pedestrian (V2P), Vehicle to Home (V2H), In Vehicle (IN-V), (Embedded, Integrated, Tethered) By Service Provider (OEM, Aftermarket, Telematics, Connectivity) & Technologies: Sensors, Telematics Control Units (TCU), OBU, RSU, DSRC, LTE & GPS For Car-to-X, Connected Car & Intelligent Transportation Systems (ITS) commented that:  

‘’V2X is an inconspicuous industry which has consolidated through regulation and investments from governments and corporations respectively. The forecasted period suggests a tremendous development of the V2V subsector which will result in more than 140 million cars being fully deployed with the connectivity solutions. V2I and V2H are both in the infancy stage which suggests there is still space for legislation and profits. Our forecast, which has implemented model and trend factor analysis, indicates a significant growth for the V2X industry over the next decade. The market offers wide profit margins and high development potentials which are presented in our report.’’