Global Automotive Vehicle to Everything (V2X) Communications Market Size, Status and Forecast 2021-2027

V2X technology is based on 5.9GHz Dedicated Short Range Communication, a derivative of WiFi specifically defined for fast moving objects. It allows vehicles to communicate their state, such as their position and speed, to surrounding vehicles and infrastructures even in non-line-of-sight condition, such as behind a building or a curve.
The continuing push to improve safety while reducing the emissions and energy consumption resulting from transportation is driving the development of a number of crucial technologies, including electrification and automated driving systems. One of the key enabling systems for the success of both is the provision of real-time data to vehicles, drivers, and pedestrians through vehicle-to-external communications (V2X) using dedicated short-range communications (DSRC).
Global demand for new vehicles is projected to continue growing over the next decade, particularly in developing markets where dense urbanization is already causing problems with traffic congestion, accident rates, and air quality. Even before there is significant deployment of automated vehicles, V2X connectivity has the potential alleviate some of these issues. DSRC-based V2X systems are anticipated to be deployed by OEMs beginning in 2016 and see rapid expansion over the next decade. In addition to the embedded OEM systems on new vehicles, aftermarket retrofit systems and new smartphones with DSRC capability are expected to be adopted. According to QY Research, global revenue from sales of OEM and aftermarket V2X Communications is projected to reach more than $1.4 billion by 2021.

Market Analysis and Insights: Global Automotive Vehicle to Everything (V2X) Communications Market
The global Automotive Vehicle to Everything (V2X) Communications market size is projected to reach US$ 8885.9 million by 2027, from US$ 1695.4 million in 2020, at a CAGR of 26.7% during 2021-2027.
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Global Automotive Vehicle to Everything (V2X) Communications Scope and Market Size
Automotive Vehicle to Everything (V2X) Communications market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Vehicle to Everything (V2X) Communications market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Vehicle-to-vehicle Communication (V2V communication)
Vehicle-to-Infrastructure (V2I communication)
Vehicle-to-Pedestrian (V2P communication)

Segment by Application
Road Safety Service
Automatic Parking System
Emergency Vehicles
Auto Car Service

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Arada Systems
Autotalks Ltd.
Cohda Wireless
Delphi Automotive
Denso
eTrans Systems
Kapsch TrafficCom
Qualcomm
Savari Inc