Global V2X Market to 2028: Combining 5G and Mobile Edge Computing Solutions to Accelerate Growth

DUBLIN, July 4, 2023 /PRNewswire/ — Added report “V2X Market for Vehicle to Everything by Connection Type (Cellular and Non-cellular), Communications Type (V2V, V2I, V2P), Vehicle Autonomy Level, Safety and Commercial Applications 2023 – 2028” TO offer.

This report evaluates the V2X market, including technologies, solutions, and key players. The report provides an analysis of the market challenges, opportunities and overall business outlook.

The V2X communication types covered in this report include V2V, V2I, V2H, V2N, V2D, V2P, V2G, and Vehicle-To-Cloud. The report also covers types of ADA, including integrated and embedded ADAS. The report includes detailed forecasts for the aforementioned market areas from 2023 to 2028.

Companies mentioned

  • AT&T extension
  • Audi
  • BMW
  • Wireless Queue
  • Daimler
  • FiatChrysler
  • Ford Motor Company
  • General Motors
  • Google
  • Honda
  • Hyundai
  • IBM
  • intel
  • nissan
  • Qualcomm
  • Toyota
  • V2X network
  • Verified

Select report results:

  • The market for advanced in-vehicle driver assistance systems will catch up $6.1 billion globally by 2028
  • THE Western Europe market is expected to be a regional V2X leader, reaching $11.2 billion by 2028
  • Combined 5G and mobile edge computing solutions to accelerate V2X growth in Asia Pacific AND North America markets
  • The global marketplace for Vehicle-to-Pedestrian solutions to reach $987.9 million by 2028, surpassed only by Vehicle-to-Grid in terms of CAGR

Connected car technology in the form of Vehicle-to-Vehicle (V2V) and Vehicle-to-Everything (V2X) technology provides vehicles with a means to communicate with other cars on the road, as well as transportation infrastructure, enabling every single entity involved to gain visibility into the entire environment and maintain situational awareness.

The V2V and V2X systems warn vehicle operators of potential hazards well in advance of the driver or the car’s autonomous sensors. Such systems can integrate information that would otherwise be lost by traditional sensing technologies. Information can be aggregated by cameras and radars, which is especially important in unfavorable environmental conditions. This allows systems to warn of threats that may not be easy to detect.

V2V communications research dates back to the Vehicle Infrastructure Integration Initiative in 2003 and even earlier to Automated Highway System (AHS) research in the 1990s. V2V and V2I derive their basic design from the Intelligent Vehicle Highway Systems (IVHS) concept, later renamed ITS.

V2V technology involves a small box fixed to the dashboard or A-pillar of the vehicle. The system includes a powerful Wi-Fi router and the V2V box sends and receives signals from other cars on the road. The system has a range of approximately 300 meters in urban areas and up to one kilometer in flat open terrain.

V2V technology is well known and widely used, but the more basic V2X system is just as important. V2X systems use the same technology as V2V but V2X has the functionality that allows the car to communicate with the road infrastructure. It uses the same box in your car to communicate with other cars and can also be used to communicate with systems that operate traffic lights, ramp meters and notice boards.

V2V and V2X technology promise to be a crucial part of the future of the transportation and vehicle market. The V2X market is still only emerging and includes V2V and V2I communication technologies.

The V2V market mainly includes aftermarket vendors, while V2I includes electronic toll collection and electronic payment applications. The technology also becomes an extension of the technology world’s common networking solutions, further extending the market for these networking solutions. V2X technologies can significantly improve road safety and also provide solutions to increasingly critical traffic congestion and efficiency problems.

V2X technologies will play a bigger role when integrated into autonomous cars. The autonomous car world would make extensive use of V2V or V2X systems and the growth of these two technologies would rely on each other once they gain greater acceptance and prominence in the market.

Main topics covered:

1.0 Executive Summary

2.0 Introduction

3.0 V2X Market Drivers
3.1 Commitments to improve transport systems
3.2 Applications

4.0 V2X technology driver
4.1 Availability and applicability of technology
4.2 Solutions: health, safety and lifestyle

5.0 V2X impact on vertical industries
5.1 Public Safety
5.2 Insurance
5.3 Production
5.4 Retail Sale
5.5 Transportation
5.6 Healthcare
5.7 Government
5.8 Education
5.9 Banking

Connected Vehicle Ecosystem 6.0 V2X
6.1 Vehicle manufacturers
6.2 Software Developers
6.3 V2X Platform and Solution Providers
6.4 Content Providers
6.5 Commercial Companies
6.6 Standardization and industry groups

7.0 V2X Market trends and use cases
7.1 V2X with intelligent traffic control
7.2 IT security and application scenarios for V2X
7.3 V2X with dedicated short-range communication
7.4 Use Cases

8.0 V2X Market Analysis and Forecast 2023-2028
8.1 Public and personal safety of connected vehicles 2023 – 2028
8.2 Connected vehicle personal and public safety solutions by type 2023 – 2028
8.3 Public and personal safety of human-driving and autonomous connected vehicles 2023 – 2028
8.4 Public and personal safety of self-connected vehicles 2023 – 2028
8.5 Public and personal safety of human-driven connected vehicles 2023-2028
8.6 Personal and public safety applications of connected vehicles 2023 – 2028
8.7 Public and personal safety of connected vehicles based on connectivity 2023-2028
8.8 Connected Vehicle Public and Personal Safety Cellular Communication Technology / Embedded Connectivity 2023 – 2028
8.9 Connected Vehicle Public and Personal Safety Non-Cellular Communication Technology / Embedded Connectivity 2023 – 2028
8.10 Connected Vehicles Personal and Public Safety System Segments 2023 – 2028
8.11 Car Services for Public and Personal Safety of Connected Vehicles 2023 – 2028
8.12 Public and personal safety of connected vehicles by region 2023 – 2028
8.13 Public and Personal Safety of Connected Vehicles in North America 2023-2028
8.14 Public and personal safety of connected vehicles in South America 2023 – 2028
8.15 Public and personal safety of connected vehicles in Europe 2023 – 2028
8.16 Public and Personal Safety of Connected Vehicles APAC 2023 – 2028
8.17 Public and personal safety of connected vehicles MEA 2023 – 2028

9.0 Summary and conclusions

10.0 Appendix: Technologies that support V2X

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