Acumen Research and Consulting Announced Research Study on titled “Cellular Vehicle-to-Everything (C-V2X) Market Size, Share, Trends and Forecast, 2019 - 2026”.
LOS ANGELES, June 11, 2019 (GLOBE NEWSWIRE) -- The Global Cellular Vehicle-to-Everything (C-V2X) Market is estimated to reach the market value around USD 1.1 billion by 2026 and rising at a CAGR above 9.7 % over the forecast time frame 2019-2026.
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Cellular vehicle to everything (C-V2X) refers to the network that combines features of V2V (Vehicle to Vehicle), V2P, V2 G (Vehicle to Grid) and V2N (Vehicle to Network). The mobile vehicle is based on 3GPP-based V2X technology using LTE technology in V2X applications. Many automakers use C-V2X connectivity in cars to allow communications between cars. The cellular vehicle-to-all based on LTE cellular technology is intended to link cars, road infrastructure, cloud service, pedestrian cars and etc. A powerful solution that allows trustworthy, real-time communication and provides various services including pay-as-you-drive insurance, linked infotainment, car diagnoses and safety characteristics. Cellular vehicle-to-all can improve the independent driving of cars by means of sensors and communication systems.
Vehicle-to-all communication technology, commonly referred to as V2X, enables cars to interact directly with each other and to provide road infrastructure and other road users with a range of advantages such as highway safety, traffic effectiveness, intelligent mobility, environmental sustainability and driver comfort. V2, which enables cars to recognize prospective hazard, traffic, and road conditions from a longer distance earlier than other vehicle sensors such as camerastones, radar and LiDAR (Light Detection and Ranging), also helps paves the way for fully autonomous driving through their distinctive, non-line visual sensing capacity.
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Although legacy vehicle / infrastructure technologies for ETCs and comparatively easy V2I apps globally are presently in operational use, sophisticated V2X systems-able to support V2V (vehicle-to-vehicle), V2I and other types of vehicle communications-are becoming more widely used, with two competing technologies that focus on attention. V2I and V2X systems are becoming increasingly accepted.
Toyota and GM (General Motors) have already fitted several of their car models with V2X technology IEEE 802.11p in Japan and North America with an original focus on highway security and traffic effectiveness apps. Volkswagen will start deploying IEEE802.11p as part of its business obligations in Europe as from 2019. Geely and Ford intend to incorporate C-V2X into their new cars by 2021 and 2022. There is also little point in providing certain V2X types of apps through broad cellular connectivity and support of infrastructures such as well-equipped roadwork trucks, including BMW, Daimler, Audi subsidiary and Volvo Cars.
DROs
Increased autonomous driving and cellular technology development are the main drivers of mobile car adoption around the world (C-V2X). In addition, this cellular vehicle for everything also allows smarter transport systems and communication between cars, road infrastructure and network devices. This factor contributes greatly to the development of the mobile vehicle market (C-V2X).
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Lack of cellular coverage and absence of infrastructure in developing countries are factors capable of preventing cellular vehicle to all market growth (C-V2X).
In the cellular vehicle for everything (C-V2X) market, recent developments are the introduction of sophisticated techniques such as low latency vehicle to everything (V2X) communication for safety, safe communications and accurate positioning, which enables vehicles to transmit accurate position and speeds.
Key Players & Strategies
The businesses current on the mobile vehicle-to-all market develop fresh C-V2X chipsets and conclude contracts for market traction. Qualcomm launched Qualcomm 9150 C-V2X chipset based on 3GPP release 14 requirements for direct PC5 communication in September 2017, for example. The firm has also implemented a fresh C-V2X Qualcomm Reference Design with 9150 GNSS capabilities, which allows car manufacturers to quickly introduce their products in a business way. In December 2018 a CV2X reader for autonomous cars was created to detect transients and traffic signals by the South Korean telecom carrier, the KT Corporation. The wireless carriers also support device makers by allowing their networks to test CV2X.
Some of the key companies operating in the C-V2X market are AT&T, Autotalks, Bosch, Genvict, Commsignia, Continental AG, Quectel Wireless, Infineon, Huawei, Intel, Savari, Ficosa, Nokia, NTT Docomo, Qualcomm, Keysight Technologies, and Rohde & Schwarz. The growing demands for motor vehicle technology for low-latency V2X communication for safety reasons will improve with linked and autonomous cars.
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