Dublin, July 10, 2019 (GLOBE NEWSWIRE) -- The "Vehicle-to-Everything (V2X) Communication System Market by Vehicle Type and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Increasing popularity of autonomous vehicles
Autonomous vehicles are gaining immense popularity in the global automotive market with companies constantly bringing new technologies to improve their performance.
V2X communication systems are expected to become a common feature in autonomous vehicles as they can establish a communication medium between vehicles, networks, homes, and grids. Thus, the growing popularity of autonomous cars will fuel the growth of the V2X communication system market at a CAGR of more than 16% during the forecast period.
Segment Analysis
This vehicle-to-everything communication system market analysis considers the revenues generated based on types that include passenger vehicle and commercial vehicle. The analysis also considers the sales of vehicle-to-everything communication system in North America, Europe, APAC, South America, and MEA.
In 2018, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the strong demand from emerging countries will play a significant role in the passenger vehicles segment to maintain their market position.
Drivers & Restraints
The market report looks at factors such as the smart road infrastructure, increasing popularity of autonomous vehicles, and the increasing adoption of technologically advanced mobile devices.
However, the need to maintain strict standards, system reliability and uncertainty in user acceptance, and data privacy and security concerns may hamper the growth of the vehicle-to-everything communication system industry over the forecast period.
Increasing emergence of autonomous cab and parcel delivery fleets
The automotive industry has recently witnessed the emergence of autonomous cabs and parcel delivery fleets, which is gaining immense popularity across the world. These vehicles generate massive data on routes, areas with the highest requirement for services, and others.
V2X communication devices along with Big data analytics are integrated into these vehicles to analyze the data. Thus, the emergence of autonomous cabs and parcel delivery fleets will fuel the growth of the market during the forecast period.
Competitive Landscape
With the presence of several major players, the global vehicle-to-everything communication system market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle-to-everything communication system manufacturers that include:
- Cisco Systems
- Continental
- Delphi Technologies
- Qualcomm
- Robert Bosch
Also, the vehicle-to-everything communication system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
- Comparison by vehicle type
- Passenger vehicle - Market size and forecast 2018-2023
- Commercial vehicle - Market size and forecast 2018-2023
- Market opportunity by vehicle type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Advent of smart cities
- Increasing emergence of autonomous cab and parcel delivery fleets
- IoT integration powered by AI technology in automotive
- Emerging use of satellite imagery
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Cisco Systems Inc.
- Continental AG
- Delphi Technologies PLC
- Qualcomm Inc.
- Robert Bosch GmbH
For more information about this report visit https://www.researchandmarkets.com/r/m5qlq1
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