Market Overview:
The global V2X modules & SoC market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, and the rising need for safety and security features in vehicles. The market is segmented on the basis of type (module, SoC), application (passenger car, commercial vehicle), and region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa). On the basis of type, the module segment is expected to hold a larger share of the global V2X modules & SoC market during the forecast period. This can be attributed to factors such as low cost and easy installation. However, on account of increasing demand for advanced features in vehicles such as autonomous driving capabilities etc.
Product Definition:
V2X Modules & SoC is a technology which enables vehicles to communicate with other vehicles, roadside infrastructure and pedestrians. This communication can take place through various means such as short-range wireless, cellular networks or Dedicated Short Range Communications (DSRC). The purpose of V2X Modules & SoC is to improve the safety and efficiency of transportation systems by allowing vehicles to share information with each other.
Module:
The global V2V communication module market size was valued at USD 2.64 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for automotive safety features such as collision avoidance, adaptive cruise control, lane departure warning systems, and parking assistance systems is anticipated to drive the growth of this market during the forecast period.
SoC:
SoC (System on Chip) is a system in which all the components such as an input/output port, memory, and processor are integrated into one single component. It reduces the number of wires between components making it easier to communicate with systems. The SoC market is expected to witness significant growth over the forecast period owing to its rising demand in automotive applications such as advanced driver assistance systems (ADAS), infotainment solutions, and smart mobility solutions among others.
Application Insights:
The passenger car segment led the global V2X modules & SoC market in 2017. The growth of this segment can be attributed to increasing demand for advanced safety features, such as blind-spot detection and forward collision warning, in modern automobiles. These features require a large number of sensors to be installed in vehicles that are driven frequently by more than one person. Hence, increasing demand for these types of modules is expected to drive the market over the forecast period.
Commercial vehicle segment is expected register significant growth over the forecast period owing to rising adoption of commercial vehicles across various regions due to growing need for transportation services and goods movement across countries worldwide. Moreover, governments worldwide are investing heavily in smart city projects that involve installation of V2V communication equipment at major traffic junctions along with other smart infrastructure solutions such as electric power distribution systems and water supply networks so as improve public safety using V2V technology while reducing energy consumption through improved vehicle efficiency by up-to 20%.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The regional growth is attributed to the presence of prominent V2X solution providers such as Alpine, Broadcom, and Qualcomm Technologies Inc. Moreover, growing adoption of advanced safety technologies such as adaptive cruise control and blind-spot detection with rearview cameras has contributed to the region’s development. Europe accounted for a significant share owing to stringent government regulations pertaining to vehicular emissions coupled with rising consumer demand for enhanced road safety features across various vehicle classes including heavy commercial vehicles and passenger cars.
Asia Pacific is expected to witness substantial growth over the forecast period owing to increasing penetration of connected cars services along with rising investments by key industry players such as Google LLC; Hyundai Motor Company; Kia Motors Corporation; Nissan Motor Corporation; Tata Motors Ltd.; Ford India Limited; Mahindra & Mahindra Limited (M&M); Suzuki Motor Corporation Ltd.; Ola Cabs Inc.
Growth Factors:
- Increasing demand for safety and security in vehicles
- Rising demand for connected cars and autonomous vehicles
- Proliferation of V2X-enabled applications and services
- Growing number of partnerships and collaborations among automakers, suppliers, and technology companies
- Advances in semiconductor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
V2X Modules & SoC Market Research Report
By Type
Module, SoC
By Application
Passenger Car, Commercial Vehicle
By Companies
LG Innotek, STMicroelectronics, Bosch Mobility Solutions, NXP, ALPS ALPINE, Qualcomm, Quecte, u-blox AG, Wistron NeWeb Corporation, ZTE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global V2X Modules & SoC Market Report Segments:
The global V2X Modules & SoC market is segmented on the basis of:
Types
Module, SoC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG Innotek
- STMicroelectronics
- Bosch Mobility Solutions
- NXP
- ALPS ALPINE
- Qualcomm
- Quecte
- u-blox AG
- Wistron NeWeb Corporation
- ZTE
Highlights of The V2X Modules & SoC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Module
- SoC
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the V2X Modules & SoC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A V2X module is a small, low-power chip that can be embedded in vehicles to enable communication with other devices and infrastructure. A SoC (system on chip) is a single integrated circuit that contains all the necessary components to perform specific functions in a device.
Some of the key players operating in the v2x modules & soc market are LG Innotek, STMicroelectronics, Bosch Mobility Solutions, NXP, ALPS ALPINE, Qualcomm, Quecte, u-blox AG, Wistron NeWeb Corporation, ZTE.
The v2x modules & soc market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 V2X Modules & SoC Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 V2X Modules & SoC Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 V2X Modules & SoC Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the V2X Modules & SoC Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global V2X Modules & SoC Market Size & Forecast, 2020-2028
4.5.1 V2X Modules & SoC Market Size and Y-o-Y Growth
4.5.2 V2X Modules & SoC Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Module
5.2.2 SoC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global V2X Modules & SoC Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 V2X Modules & SoC Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Module
9.6.2 SoC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Module
10.6.2 SoC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Module
11.6.2 SoC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Module
12.6.2 SoC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Module
13.6.2 SoC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 V2X Modules & SoC Market: Competitive Dashboard
14.2 Global V2X Modules & SoC Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG Innotek
14.3.2 STMicroelectronics
14.3.3 Bosch Mobility Solutions
14.3.4 NXP
14.3.5 ALPS ALPINE
14.3.6 Qualcomm
14.3.7 Quecte
14.3.8 u-blox AG
14.3.9 Wistron NeWeb Corporation
14.3.10 ZTE
