The advent of hybrid and electric vehicles has produced immense growth opportunities for cellular vehicle-to-everything market, since these vehicles are dependent on the latest hardware components and communication technologies. Incorporating the most advanced chips and equipment, electric cars could easily communicate with each other for alerting about probable distress situations or roadside hazards. According to the International Energy Agency, a projected 125 million electric cars could be on the roads by 2030, signifying the vast potential of cellular vehicle-to-everything market.
An important application area for V2V technologies are autofocus vehicles, which are fundamentally run by highly reliable, fast communication systems that have low latency. Several chip makers and auto manufacturers are attempting to enhance collision avoidance capabilities of driverless cars to ensure a safe product and to meet stringent regulatory requirements.
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The advancements in cellular networks for the commercialization of 5G networks are supporting the cellular vehicle-to-everything 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.
The V2I communication segment is expected to grow at a CAGR of over 12% over the forecast period due to the increase in the adoption of smart traffic infrastructure. The smart traffic infrastructure involves smart traffic signals and smart surveillance cameras, which communicate with vehicles to provide information about traffic & road conditions. The V2I communication helps in reducing the traffic congestion in cities by providing alerts to connected vehicles regarding traffic congestion and suggesting alternate routes toward the expected destination. Many government authorities are focusing on the development of the infrastructure for connected vehicles with active deployment projects.
The passenger vehicle segment is expected to hold the cellular vehicle-to-everything market share of over 50% in 2025 due to the increase in the awareness regarding passenger safety. There is a significant increase in the number of accidents taking place globally. According to the World Health Organization’s (WHO) the Global Status Report on Road Safety 2018, the number of annual road traffic deaths reached 1.35 million in 2018 worldwide. The rising number of accidents is prompting the need for reliable and safe road transportation. C-V2X technology helps in reducing accidents by enabling vehicles to communicate with each other and with the roadside infrastructure.
Asia Pacific cellular vehicle-to-everything 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.
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The major chipset manufacturers are conducting C-V2X trials in collaboration with automotive manufacturers and other connected vehicles solution providers. For instance, in December 2018, Qualcomm, a leading chipset manufacturer, partnered with Continental, Ericsson, NTT DOCOMO, Nissan, and OKI for C-V2X trials in Japan.
Glimpse of Table of Content (ToC)
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.6. Methodology & forecast parameters
1.2. Data Sources
184.108.40.206. Paid sources
220.127.116.11. 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. Cellular Vehicle-To-Everything Market Insights
3.2. Cellular Vehicle-To-Everything Market 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
3.8. Use cases
3.8.1. Advanced driving with intent/trajectory sharing
3.8.2. Extended sensors
3.8.3. Extended sensors
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
18.104.22.168. Demand for safer roads
22.214.171.124. Adoption of autonomous vehicles
126.96.36.199. Advancements in cellular technologies
188.8.131.52. Growing popularity of vehicle telematics
184.108.40.206. Increasing demand for smart cities
3.10.2. Industry pitfalls & challenges
220.127.116.11. Network security and privacy issues
18.104.22.168. Reliability issues in autonomous driving systems
22.214.171.124. Lack of cellular coverage
3.11. Porter’s analysis
3.12. PESTEL analysis
3.13. Growth potential analysis
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