© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Cellular Vehicle-to-Everything (C-V2X) Market to cross $800 Mn by 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Cellular Vehicle-to-Everything (C-V2X) Market to surpass USD 800 million by 2025; driven by rising adoption of autonomous vehicles, and increase in the adoption of vehicle telematics by logistics & transportation companies. The smart city initiatives in developing countries are helping to improve the roadside infrastructure with the help of IoT technology. Cellular Vehicle-to-Everything (C-V2X) Market  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.  Cellular Vehicle-to-Everything (C-V2X) Market from 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 Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Cellular Vehicle-to-Everything (C-V2X) market from 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.  Cellular Vehicle-to-Everything (C-V2X) market from 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.  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. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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.  The key players operating in the global cellular vehicle-to-everything market are focusing on collaborations and partnerships for testing C-V2X solutions. For instance, in June 2018, Ford, Panasonic, Qualcomm, and the Colorado Department of Transportation (CDOT) announced a plan for the deployment of C-V2X technology at Panasonic’s CityNOW headquarters in Denver on select roadways. Under the deployment, Kapsch TrafficCom provided Roadside Units (RSUs) and Ficosa International provided C-V2X Onboard Units (OBUs). Continue…

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