Cellular Vehicle-to-Everything (C-V2X) Market Key Players, Product and Production Information analysis and forecast to 2025

Noble Horvath

The MarketWatch News Department was not involved in the creation of this content. Aug 21, 2020 (Market Insight Reports) — Selbyville, Delaware, Growth forecast report ” Cellular Vehicle-to-Everything (C-V2X) Market size by Product Type (Douglas Cellular Vehicle-to-Everything (C-V2X), Siberian Cellular Vehicle-to-Everything (C-V2X), Silver Cellular Vehicle-to-Everything (C-V2X), Balsam Cellular Vehicle-to-Everything (C-V2X) […]

The MarketWatch News Department was not involved in the creation of this content.

Aug 21, 2020 (Market Insight Reports) —
Selbyville, Delaware, Growth forecast report ” Cellular Vehicle-to-Everything (C-V2X) Market size by Product Type (Douglas Cellular Vehicle-to-Everything (C-V2X), Siberian Cellular Vehicle-to-Everything (C-V2X), Silver Cellular Vehicle-to-Everything (C-V2X), Balsam Cellular Vehicle-to-Everything (C-V2X) and Others)

By Application (Personal Care, Aromatherapy, Pharmaceuticals and Others), By Region Outlook (North America, Europe, Asia-Pacific, South America & Middle East and Africa), Top Manufacturer, Growth Potential, Price Trends, Competitive Market Share & Forecast added by Market Study Report LLC.

The hardware segment is expected to hold a major share in 2025 due to the increase in the adoption of autonomous vehicles. The C-V2X communication technology hardware includes chipsets, modules, On-Board Units (OBUs), and Roadside Units (RSU). The major C-V2X technology companies are developing chipsets to boost connected vehicle technology. For instance, in September 2017, Qualcomm launched 9150 C-V2X chipsets for autonomous driving. This chipset is based on 3GPP Release 14 for PC5-based direct communication. This product helped the company in offering reliable V2X solution for improving road safety.

Request Sample Copy of this report at: https://www.marketstudyreport.com/request-a-sample/2100680/?utm_source=MarketWatch&utm_medium=RV

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.

The advancements in cellular networks for the commercialization of 5G networks are supporting the 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.

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. For instance, Colorado?s V2X Technology Safety and Mobility Improvement Project is focusing on creating commercial scale connected vehicle environment using V2X technology. The project will have a 537-mile network to provide real-time communication with connected vehicles and it will notify the Colorado Department of Transportation (CDOT) of collisions or accidents on the road through (V2I) communication.

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 autonomous driving application segment is expected to show the fastest growth over the forecast period due to advancements in driverless cars. The autonomous vehicles require precision & accuracy to avoid any fatalities on the road. C-V2X communication technology helps autonomous vehicles in detecting potential obstacles, traffic congestion, and road conditions over a long distance through its enhanced non-line-of-sight sensing capability.

The major connected vehicle solution providers are developing C-V2X modules for supporting autonomous driving. For instance, in November 2018, Quectel, a leading provider of 5G LTE and C-V2X modules, released automotive grade C-V2X module AG15. This new product helped the company in offering the product, which meets the telematics and V2X connectivity requirements for autonomous driving.

The passenger vehicle segment is expected to hold the 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 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.

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.

These successful trials helped the company in accelerating the development of its C-V2X products for future autonomous vehicles. C-V2X solution providers are also partnering with major telecom companies for the development of C-V2X communication technology. For instance, in February 2019, AT&T, a leading technology company partnered with the Vodafone, a global leading telecom company, for accelerating C-V2X connectivity in the automotive industry. This partnership helped the company in innovating faster and developing connectivity, entertainment, and telematics for its automotive customers.

Full Report Summary At: https://www.marketstudyreport.com/reports/cellular-vehicle-to-everything-c-v2x-market?utm_source=MarketWatch&utm_medium=RV

Enumerating some of the fundamental parameters encompassed in the report?

  • A detailed evaluation of this industry space
  • A highly accurate forecast of the valuation of this business
  • A fairly definite projection of the growth rate that this market might record over the forecast duration
  • Cellular Vehicle-to-Everything (C-V2X) market segmentation
  • The numerous growth opportunities prevailing in the vertical

The Cellular Vehicle-to-Everything (C-V2X) market stands tall as one of the most proactive industry verticals, as claimed by a new research report. This research study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration. A gist of these driving factors, in tandem with myriad other dynamics pertaining to the Cellular Vehicle-to-Everything (C-V2X) market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Cellular Vehicle-to-Everything (C-V2X) market, have also been outlined in the report.

A brief outline of the Cellular Vehicle-to-Everything (C-V2X) market scope:

  • Global industry remuneration
  • Individualized and overall growth rate
  • Market trends
  • Competitive reach
  • Product spectrum
  • Application terrain
  • Distributor analysis
  • Sales channel evaluation
  • Marketing channel trends – Now and later
  • Market Competition Trend
  • Market Concentration Rate

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

COMTEX_369807545/2599/2020-08-21T11:01:30

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Web Create List Top Minecraft Hosting Services

Players looking for the best web hosting for Minecraft in 2020 can take their pick from the top five services listed by experts at Web Create: Apex Hosting, MCProHosting, ServerMiner, BisectHosting, and ScalaCube. The detailed review highlights the key features of each recommended Minecraft hosting service and how well they […]