V2X Chipset Market – By Type,By Vehicle Type, By Application , By Communication, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: ATR 0095 Report Format: PDF + Excel

V2X Chipset Market Overview:

V2X Chipset Market size is estimated to reach $14.4 Billion by 2030, growing at a CAGR of 38.2% during the forecast period 2024-2030. The V2X (Vehicle-to-Everything) chipset market refers to the industry involved in the development, manufacturing, and distribution of semiconductors or chipsets specifically designed for V2X communication in vehicles. Vehicle-to-structure (V2I), vehicle-to-pedestrian (V2P), and other environmental aspects can all be communicated with by cars through V2X communication (also known as vehicle-to-network, or V2N).

These chipsets play a pivotal role in facilitating reliable and low-latency communication, supporting applications such as advanced driver assistance systems (ADAS), cooperative collision avoidance, traffic efficiency, and overall improvement in road safety. The V2X chipset market is part of the broader ecosystem that drives the implementation of connected vehicle technologies, contributing to the evolution of smart and efficient transportation systems.


V2X Chipset Market - Report Coverage:

The “V2X Chipset Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the V2X Chipset Market.

                      Attribute                         Segment

By Type

  • Vehicle to Cloud (V2C)

  • Vehicle to Device (V2D)

  • Vehicle to Grid (V2G)

  • Vehicle to Pedestrian (V2P)

  • Vehicle to Vehicle (V2V)

  • Vehicle to Network (V2N)

By Vehicle Type

  • Commercial Vehicles

  • Passenger Vehicles

  •  Electric Vehicles

By Application

  • Road Safety Service

  • Automatic Parking System

  • Auto Car Service

  • Traffic Management

  • Fleet Management

By Communication

  • DSRC

  • Cellular

By Geography

  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia, and Rest of South America)

  • Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis: 

l  The COVID-19 pandemic has had mixed impacts on the V2X chipset market. On one hand, the automotive industry faced disruptions in production and supply chains, leading to delays in the deployment of connected vehicle technologies. However, the pandemic also underscored the importance of smart and connected transportation solutions for safety and efficiency. As the automotive sector gradually recovers, there is a renewed focus on V2X technology as a key enabler for future mobility. The increasing emphasis on contactless and automated solutions may further drive the adoption of V2X chipsets in the post-pandemic landscape, with governments and industry stakeholders recognizing the potential for such technologies to enhance overall public safety in transportation systems.

l  The Ukraine crisis could disrupt the V2X Chipset Market by causing Geopolitical tensions and crises Which can potentially influence global markets, including technology sectors. Factors like disruptions in supply chains, geopolitical uncertainties, and economic impacts may have consequences on the V2X chipset market, as well as the broader automotive and technology industries.

Key Takeaways:

 Growing Use of V2X Chipset in Cellular Segment:
 
The deployment of 5G networks significantly enhances the capabilities of cellular communication, providing low-latency and high-bandwidth connections. This is crucial for V2X applications, where real-time communication is essential for ensuring the safety and efficiency of connected vehicles. Cellular networks offer broader coverage compared to other communication technologies. This extended range is advantageous for V2X applications, especially in scenarios where vehicles need to communicate over longer distances or in areas with varying infrastructure support. Cellular networks operate on globally standardized protocols, ensuring interoperability and seamless communication across different regions. This standardization simplifies the integration of V2X technology and facilitates its adoption on a larger scale.
 
Development in Connected Car Technology:
 
Connected car technology involves integrating vehicles with various communication and sensor technologies to enhance safety, efficiency, and the overall driving experience. V2X communication is a crucial component of this connectivity, enabling vehicles to communicate with each other and with the surrounding infrastructure. As connected car technology advances, there is a growing need for reliable and efficient V2X chipsets to facilitate communication between vehicles and the surrounding environment. This includes Vehicle-to-Vehicle (V2V) communication for sharing information between cars, Vehicle-to-Infrastructure (V2I) communication for interaction with traffic signals and infrastructure, and broader Vehicle-to-Everything (V2X) communication encompassing pedestrians and other elements.
 
 Fastest Growth of Asia Pacific Region
 
APAC to witness the highest CAGR 40.6% from 2024 to 2030. The Asia Pacific region is experiencing significant urbanization and population growth, leading to increased traffic congestion and the need for advanced transportation solutions. Asia Pacific is a major hub for vehicle production, with many leading automotive manufacturers having production facilities in the region.V2X technology addresses these challenges by improving traffic flow, enhancing road safety, and enabling smarter transportation systems. Many countries in the Asia Pacific region are actively promoting smart transportation initiatives and setting regulations to encourage the adoption of V2X technology. Government support and regulatory frameworks play a crucial role in driving the deployment of V2X solutions, creating a conducive environment for market growth.
 
Lack of Infrastructure
 
The lack of infrastructure can pose challenges to the widespread adoption of V2X (Vehicle-to-Everything) technology. V2X communication relies on a robust and interconnected infrastructure to enable effective communication between vehicles and the surrounding environment. In areas with inadequate infrastructure support, the deployment of V2X-enabled devices, such as roadside units and communication equipment, may be limited. This hinders the establishment of a comprehensive V2X ecosystem. Insufficient infrastructure may lead to communication obstacles, including signal interference and unreliable connectivity. This can impact the reliability of V2X communication, which is critical for ensuring the safety and efficiency of connected vehicles.
 
 Vulnerability to Cyber Attack
 
The vulnerability to cyber attacks is a critical consideration in the development and adoption of V2X (Vehicle-to-Everything) technology. As vehicles become more connected and rely on V2X communication, the cybersecurity of these systems becomes paramount. The extensive connectivity in V2X systems opens up new avenues for potential cyber threats. Unauthorized access to V2X communication can lead to malicious activities, posing risks to the safety and privacy of connected vehicles. V2X communication involves the exchange of sensitive information between vehicles and infrastructure. The vulnerability to cyber attacks raises concerns about the security of this data, including location information and real-time traffic data.

V2X Chipset Market Share (%) By Region, 2023

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Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the V2X Chipset Market. The top 10 companies in this industry are listed below:

  1. Continental AG
  2. Infineon Technologies AG
  3. Robert Bosch Gmbh
  4. Delphi Technologies
  5. Denso Corporation
  6. Stmicroelectronics N.V
  7. NXP Semiconductors
  8. Qualcomm Technologies
  9. Autotalks Ltd
  10. Harman International

Scope of Report: 

                    Report Metric                            Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

38.2%

Market Size in 2030

$14.4 Billion

Segments Covered

Type, Vehicle Type, Application, Communication, Geography

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Continental AG

  2. Infineon Technologies AG

  3. Robert Bosch Gmbh

  4. Delphi Technologies

  5. Denso Corporation

  6. Stmicroelectronics N.V

  7. NXP Semiconductors

  8. Qualcomm Technologies

  9. Autotalks Ltd

  10. Harman International
 
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1. V2X Chipset Market- Overview
2. V2X Chipset Market- Executive Summary
3. V2X Chipset Market- Comparative Analysis 
    3.1. Company Benchmarking – Key Companies
    3.2. Financials Analysis–Key Companies
    3.3. Market Share Analysis- Key Companies
    3.4. Patent Analysis - Global
    3.5. Pricing Analysis–Average Pricing
4. V2X Chipset Market– Startup companies Scenario Premium 
    4.1. Investments
    4.2. Revenue
    4.3. Venture Capital and Funding Scenario
5. V2X Chipset Market– Industry Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
6. V2X Chipset Market- Forces
    6.1. Market Drivers
    6.2. Market Constraints & Challenges
    6.3. Porters five force model
        6.3.1. Bargaining power of suppliers
        6.3.2. Bargaining powers of customers
        6.3.3. Threat of new entrants
        6.3.4. Rivalry among existing players
        6.3.5. Threat of substitutes 
7. V2X Chipset Market- Strategic Analysis 
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle Analysis
8. V2X Chipset Market- By Type
    8.1. Vehicle to Cloud (V2C)
    8.2. Vehicle to Device (V2D)
    8.3. Vehicle to Grid (V2G)
    8.4. Vehicle to Pedestrian (V2P)
    8.5. Vehicle to Vehicle (V2V)
    8.6. Vehicle to Network (V2N)
    8.7. Vehicle to Infrastructure (V2I)
9. V2X Chipset Market- By Vehicle Type
    9.1. Commercial Vehicles
    9.2. Passenger Vehicles
    9.3. Electric Vehicles
10. V2X Chipset Market- By Application
    10.1. Road Safety Service
    10.2. Automatic Parking System
    10.3. Auto Car Service
    10.4. Traffic Management
    10.5. Fleet Management 
    10.6. Emergency Vehicle Notification
11. V2X Chipset Market- By Communication
    11.1. DSRC
    11.2. Cellular V2X
12. V2X Chipset Market- By Geography
    12.1. North America
        12.1.1. U.S.
        12.1.2. Canada
        12.1.3. Mexico
    12.2. Europe
        12.2.1. U.K.
        12.2.2. Germany
        12.2.3. France
        12.2.4. Italy
        12.2.5. Spain
        12.2.6. Russia
        12.2.7. Netherlands
        12.2.8. Rest of Europe
    12.3. Asia-Pacific
        12.3.1. China
        12.3.2. Japan
        12.3.3. South Korea
        12.3.4. India
        12.3.5. Australia
        12.3.6. Indonesia
        12.3.7. Malaysia
        12.3.8. Rest of Asia-Pacific
    12.4. South America
        12.4.1. Brazil
        12.4.2. Argentina
        12.4.3. Chile
        12.4.4. Colombia
        12.4.5. Others
    12.5. Rest of the World
        12.5.1. Middle East
        12.5.2. Africa
13. V2X Chipset Market– Entropy
14. V2X Chipset Market – Industry/Segment Competition Landscape  
    14.1. Market Share Analysis
        14.1.1. Market Share by Region – Key companies
        14.1.2. Market Share by Countries – Key Companies
    14.2. Competition Matrix
    14.3. Best Practices for Companies
15. V2X Chipset Market– Key Company List by Country Premium Premium  
16. V2X Chipset Company Analysis (Overview, Financials, Developments, Product Portfolio)
    16.1. Continental AG
    16.2. Infineon Technologies AG
    16.3. Robert Bosch Gmbh
    16.4. Delphi Technologies
    16.5. Denso Corporation
    16.6. Stmicroelectronics N.V
    16.7. NXP Semiconductors
    16.8. Qualcomm Technologies
    16.9. Autotalks Ltd
    16.10. Harman International
"*Financials would be provided on a best-efforts basis for private companies"

The V2X Chipset Market is projected to grow at 38.2% CAGR during the forecast period 2024-2030.

Global V2X Chipset Market size is estimated to be $1.5 Billion in 2023 and is projected to reach $14.4 Billion by 2030.

The leading players in the V2X Chipset Market are Continental AG, Infineon Technologies AG, Robert Bosch Gmbh, Delphi Technologies, Denso Corporation, Stmicroelectronics N.V, NXP Semiconductors, Qualcomm Technologies, Autotalks Ltd, Harman International and Others.

Growing Use of V2X Chipset in Cellular Segment, Development in connected car technology are some of the major V2X Chipset Market trends in the industry which will create growth opportunities for the market during the forecast period

Government Support for V2X Technology, Future Potential Of Cellular V2X And AI Technologies are the driving Factors and opportunities of the market.