Automotive Vehicle to Everything (V2X) communications is a technology involving the transmission of information from a vehicle to any object. The main goal of this technology is traffic efficiency, road safety, and energy-saving. Incorporating this technology in commercial vehicles is expected to surge the demand. Furthermore, the demand for advanced safety solutions in automobiles is expected to enhance the adoption of automotive Vehicle to Everything (V2X) communications. Moreover, companies acquire major players to expand their market presence. For example, Harman completed the acquisition of Savari Inc. to develop V2X technology for 5G automotive devices.
Business Research Insights estimates that the market for automotive Vehicle to Everything (V2X) communications is expected to touch USD 5,984.6 million by 2027, exhibiting a CAGR of 22.0% during the forecast period.
Post-COVID-19 Impact: Resumption of Transport and Travel Opened Opportunities for the Industry
After the resumption of transport and travel, the automotive Vehicle to Everything (V2X) communications industry witnessed positive growth. The production of communication devices, components, and sensors witnessed slight growth. Government regulations for the industry's revival have helped manufacturers balance their costs. Further, the rising demand for advanced communication technologies and the increasing dependence on the Internet-of-Things (IoT) are expected to enhance the demand for automotive Vehicle to Everything (V2X) communications. Also, the adoption of V2X in passenger and commercial vehicles allows drivers to avoid accidents and enhance safety.
Business Research Insights presents the top 8 companies profiled in the automotive Vehicle to Everything (V2X) communications industry.
1. Arada Systems (U.S.)
Arada Systems is headquartered in California, U.S., and was incorporated in 2004. It offers connected car communication services and incorporates its wireless systems knowledge to develop feature-packed communication services.
2. Autotalks Ltd. (Israel)
Autotalks Ltd. is headquartered in Israel and was founded in 2008. The company offers consumers the highest standard of automotive Vehicle to Everything (V2X) communications services. The company’s second-generation chipset offers enhanced performance and communication. It is highly reliable and utilized in several autonomous driving projects.
3. Cohda Wireless (Australia)
Cohda Wireless is headquartered in Australia and was founded in 2004. The company is a leading supplier of innovative connected vehicle solutions that allow vehicles to establish a connection with other vehicles. The solution reduces traffic jams and offers enhanced communication services.
4. Delphi Automotive (U.K.)
Delphi is headquartered in the U.K. and was founded in 2014. It offers innovative automotive communication services that enhance convenience, reliability, and safety. The company offers smart solutions and leading products.
5. Denso (Japan)
Denso is headquartered in Japan and was founded in 1949. The company offers V2X solutions that simplify communication and daily operations to offer a convenient driving experience to consumers. The company utilizes better manufacturing techniques to enhance its V2X offerings.
6. Kapsch TrafficCom (Austria)
Kapsch TrafficCom is headquartered in Vienna, Austria and was founded in 1982. The company offers innovative communication services to enhance its efficiency. It offers intelligent and smart mobility solutions for automobiles.
7. Qualcomm (U.S.)
Qualcomm is an American semiconductor company that was founded in 1985. It offers a range of cellular V2X solutions. The company’s V2X solutions offer safety, reliability, and innovative capabilities for driving.
8. Savari Inc. (U.S.)
Savari, Inc. is an American company that was founded in 2008. The company is a pioneer in smart cities and connecting cars. It offers wireless sensors and advanced software and hardware technologies for automotive manufacturers. The company’s solutions are extremely reliable and offer enhanced communication services.
Rising Focus on Security and Rapid Development in Transportation Infrastructure May Generate Lucrative Opportunities for the Industry
The rising focus on security is likely to drive V2X service adoption. Increasing government initiatives to develop semiconductor solutions may enhance the adoption of the technology. Further, the adoption of advanced 5G services is expected to enhance the demand for automotive V2X globally. Increasing smartphone sales and rising dependence on digital services may generate remunerative opportunities for the industry. Moreover, the demand for advanced safety features in automobiles is likely to incite growth in the industry. Therefore, these factors indicate a positive growth prospect for the industry.