Cellular Vehicle-to-Everything Market Growth Analysis To 2026 and Outlook
The cellular vehicle-to-everything market size is set to surpass USD 1 billion by 2026. The automotive industry is undergoing a plethora of transformations worldwide, undeniably paving way for the growth of market. It has been observed that the market is majorly driven by the evolution of autonomous and connected vehicle technologies and transport infrastructure.
Studies suggest that the technology allows the exchange of crucial data between vehicles to dodge road accidents by enhancing situational awareness. That said, various auto companies are also going nine yards for embedding such technologies in some of the new cars to enhance the consumer experience.
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It has been reported that segment is anticipated to register substantial gains in the overall cellular vehicle-to-everything market over the span of 2020 to 2026 as these solutions allow communication between the vehicle and the pedestrian’s wearables or smart devices to offer a visual and auditory warning and aid to both the driver and pedestrian. These services and solutions play a pivotal role in pedestrian safety.
Global market is potentially fragmented into diverse segments including component, application, vehicle type, and the regional landscape.
Application of cellular vehicle-to-everything market technology in intelligent traffic systems is gaining widespread popularity worldwide as the technology has been well acclaimed for communicating effectively with roadside infrastructures including security cameras and traffic signals to exchange data regarding the traffic and road conditions.
It is essential to note that intelligent traffic systems help in enhancing traffic conditions by offering information pertaining to road congestion while also suggesting an alternate road to connected vehicles. In addition to this, the integration of cellular infrastructure and traffic management systems can enhance the overall transportation system.
cellular vehicle-to-everything market is diversified into vivid regions including the North America, APAC, Europe, and ROW. Industry experts have suggested that North America cellular vehicle-to everything market would hold a market share of 20% in the overall industry by the end of 2026, courtesy- presence of favorable initiatives by government agencies for the development of automotive technologies.
An example of the aforesaid is given by the Virginia Department of Transportation’s recent collaboration with Qualcomm Technologies Inc. and Audi America. This initiative enabled the authoritative body to deploy cellular vehicle-to-everything market communication infrastructure in Virginia, the U.S. along with laying immense focus on the development of a new deployment model across the country.
The prominent key Players in the market include AT&T Inc., Autotalks Ltd., Commsignia Ltd., Continental AG, Ficosa Internacional SA, GENVICT, Huawei Technologies Co., Ltd
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Table of Content
Chapter 6 cellular vehicle-to-everything market
6.1 Key trends, by component
6.2 Hardware
6.2.1 Market estimates and forecast, 2018 – 2026
6.3 Software
6.3.1 Market estimates and forecast, 2018 – 2026
Chapter 7 cellular vehicle-to-everything market
7.1 Key trends, by application
7.2 Fleet management
7.2.1 Market estimates and forecast, 2018 – 2026
7.3 Autonomous driving
7.3.1 Market estimates and forecast, 2018 – 2026
7.4 Collision avoidance
7.4.1 cellular vehicle-to-everything market stimates and forecast, 2018 – 2026
7.5 Intelligent traffic systems
7.5.1 Market estimates and forecast, 2018 – 2026
7.6 Parking management systems
7.6.1 Market estimates and forecast, 2018 – 2026
7.7 Others
7.7.1 Market estimates and forecast, 2018 – 2026
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