Asia Pacific Cellular Vehicle-to-Everything (C-V2X) Market is expected to grow at the fastest rate over the forecast period due to the increase in government support for large-scale digitalization of urban infrastructure in countries including China, South Korea, and India. The major automobile manufacturers in the region are planning for the deployment of C-2VX technology in their vehicles. For instance, in March 2019, Ford announced its plans to start the deployment of C-V2X technology in its vehicles in China in 2021. In-line with the company?s ?In China, For China? strategy, it is accelerating the commercial deployment to make Chinese roads safer and less congested.
With the presence of many leading automotive companies and partnerships with global technology firms, Asia-Pacific Cellular Vehicle-to-Everything (C-V2X) Market can be expected to reign in enormous revenues over the coming years. In December 2018, a consortium comprised of automaker Nissan and companies like Qualcomm, Continental and Ericsson completed the first C-V2X testing in Japan using 5.8 GHz frequency for direct communication. Tests were conducted under various conditions and demonstrated the potential of not only V2V, but V2N and V2P communications.
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Cellular Vehicle-to-Everything (C-V2X) Market is projected to exceed USD 800 million by 2025 due to the increase in demand for safe & reliable road transportation, the rising adoption of autonomous vehicles, and increase in the adoption of vehicle telematics by logistics & transportation companies. The smart city initiatives in developing countries are helping to improve the roadside infrastructure with the help of IoT technology. The improved roadside infrastructure is helping in improving the transportation system in smart cities with the help of C-V2X communication technology.
- To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global Cellular Vehicle-to-Everything (C-V2X) Market.
- To forecast the size of the market segments with respect to four major regional segments namely North America, Europe, Asia Pacific, and the rest of the world (Latin America and the Middle East & Africa).
- Globally, 4G or LTE infrastructure has expanded tremendously and using the existing cellular infrastructure will lower the amount of new roadside components to be added. Deploying the established LTE networks will allow for cost-effective, dependable and easy communication at high speeds will significantly boost global Cellular Vehicle-to-Everything (C-V2X) Market share. It will also enhance line-of-sight of systems, facilitating communication over longer distances and improving the performance of GPS. With 5G networks on the way, upgrading existing LTE components would further propel adoption of vehicle to vehicle (V2V) or vehicle to network (V2N) communications.
Globally, 4G or LTE infrastructure has expanded tremendously and using the existing cellular infrastructure will lower the amount of new roadside components to be added. Deploying the established LTE networks will allow for cost-effective, dependable and easy communication at high speeds will significantly boost global Cellular Vehicle-to-Everything (C-V2X) Market share. It will also enhance line-of-sight of systems, facilitating communication over longer distances and improving the performance of GPS. With 5G networks on the way, upgrading existing LTE components would further propel adoption of vehicle to vehicle (V2V) or vehicle to network (V2N) communications.
The advancements in cellular networks for the commercialization of 5G networks are supporting the Cellular Vehicle-to-Everything (C-V2X) Market growth. The enhanced bandwidth capabilities of 5G enable autonomous vehicles to be fully connected at all times with each other, roadside infrastructure, and pedestrians. The low latency of 5G technology helps in the fast response in autonomous driving, which will help in avoiding accidents that happen due to sudden lane changes. The low latency and high bandwidth of 5G network provide V2X technology benefits such as enhanced reliability over extended communication range, better non-line-of-sight performance, and great resilience for interference arising from other devices. The development of 5G technology supports a wide range of use cases such as enhanced Mobile Broadband (eMBB) and mission-critical applications.
Browse key industry insights spread across 200 pages with 151 market data tables & 25 figures & charts from the report, “Cellular Vehicle-to-Everything (C-V2X) Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/cellular-vehicle-to-everything-c-v2x-market
Owing to remarkable achievements in deploying communication network equipment and integrating crucial V2V systems within vehicles, Cellular Vehicle-to-Everything (C-V2X) Market is slated to register a double digit growth from 2019 to 2025. Key players outlining the competitive dynamics of the industry include Autotalks, Bosch, Continental, Nokia, Qualcomm, Intel and Savari.
Major Table of Content: –
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Cellular Vehicle-to-Everything (C-V2X) Market insights and validation
1.1.6. Methodology & forecast parameters
1.2. Data Sources
22.214.171.124. Paid sources
126.96.36.199. Public sources
Chapter 2. Executive Summary
2.1. C-V2X industry 360º synopsis, 2018 – 2025
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-V2X Industry Insights
3.2. Industry segmentation
3.3. Industry landscape, 2018– 2025
3.4. C-V2X architecture analysis
3.5. C-V2X ecosystem analysis
3.6. C-V2X technology evolution
3.7. Technology & innovation landscape
3.7.1. Usage-based Insurance (UBI)
3.7.3. Brain to Vehicle (B2V) technology
3.7.4. 5G technology
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