V2X Market

ID: 4066

128 Pages

Research Team

03/2024

V2X Market Research Report Information By Technology (Automated Driver Assistance, Intelligent Traffic System, Emergency Vehicle Notification, Passenger Information System, Fleet & Asset Management, Parking Management System, Line of Sight, Non-line of Sight, and Others), By Component (Hardware and Software), By Communication Type (V2C, V2D, V2G, V2P, V2V, and V2I), By Propulsion (Electric ...

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1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Certified Researchers

Market Summary

Research Methodology on V2X Market

Research is an integral part of the process of developing a market research report. The research methodology encompasses explanatory research, which is primarily concerned with the clarification of relationships between variables. In this case, the research is concerned with understanding the market situation of the V2X (Vehicle to Everything) market. The main research objective is to identify the price trends and the competitive landscape of the V2X market across various regions between 2024 and 2030. The research methodology adopted for this research is descriptive in nature.

Research Design:

The research design used for this study is a descriptive design, which is used to understand the pricing and competitive environment of the V2X market. This research methodology uses detailed secondary data collection of all the market and customer-specific trends using a variety of databases and research sources. The primary research methodology consists of expert interviews and customer surveys. Descriptive data analysis techniques are used in this research.

Data Collection:

The data collection process of this study involves both primary and secondary methods. The secondary sources of information used in this research include industry reports and press releases, government databases, and association databases. Industry experts have been contacted to provide their insights on the V2X market. Primary research involves customer surveys and expert interviews. Online surveys with customers from different regions around the world were conducted to understand customer opinions about the V2X market.

Data Analysis:

The data collected about the V2X market is analyzed by using descriptive research techniques by interpreting the data gathered from secondary and primary sources. The data analysis process involves the analysis of the primary and secondary data collected to identify pricing trends, competitive landscape, and consumer preferences. The output of this analysis is used to identify the key segments in the V2X market.

Sample Size:

In the primary research phase, the sample size was chosen using judgement sampling. The sample size used in the customer surveys is 10,000 respondents from different regions. The sample size chosen for the expert interview is 20 global industry experts.

Sampling Technique:

The sampling technique used in this research is the simple random technique. A total of 10,000 customers were surveyed for the V2X market and 20 global industry experts were interviewed.

Validity and Reliability:

The research methodology used in this report is reliable and valid. All the primary and secondary sources used are credible. The research methodology used in this report is reliable and will provide an unbiased outlook of the V2X market.

Market Size & Forecast

Report Attribute/Metric	Details
Market Size 2023	USD 3389 million
Market Size 2024	USD 4503.98 million
Market Size 2032	USD 43,897.0 million
Compound Annual Growth Rate (CAGR)	32.92% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2019- 2022
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Technology, Component, Communication Type, Propulsion, Connectivity, Unit Type, Vehicle Type, and Region
Geographies Covered	North America, Europe, Asia-Pacific, Middle East & Africa, and South America
Countries Covered	US, Canada, Mexico, UK, Germany, France, Italy, China, Japan, India
Key Companies Profiled	Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, STMicroelectronics NV, NXP Semiconductors, Qualcomm Technologies, Inc., Autotalks Ltd., and HARMAN International
Key Market Opportunities	· Technological Advancements
Key Market Dynamics	· Demand for automobile safety features and better traffic management · Increasing deaths due to road accidents · Increase in sale of EV and luxury vehicles

Major Players

V2X Market Segmentation

Global V2X technology Outlook (USD Million, 2018-2032)

Automated Driver Assistance
Intelligent Traffic System
Emergency Vehicle Notification
Passenger Information System
Fleet & Asset Management
Parking Management System
Line of Sight
Non-line of Sight
Others

Global V2X Component Outlook (USD Million, 2018-2032)

Hardware
Software

Global V2X Communication Type Outlook (USD Million, 2018-2032)

Global V2X Propulsion Outlook (USD Million, 2018-2032)

Electric Vehicle (EV)
ICE Vehicle

Global V2X Connectivity Outlook (USD Million, 2018-2032)

DSRC
Cellular

Global V2X Unit Type Outlook (USD Million, 2018-2032)

Onboard Unit
Roadside Unit

Global V2X Vehicle Type Outlook (USD Million, 2018-2032)

Passenger Car
Commercial Vehicle

Global V2X Regional Outlook (USD Million, 2018-2032)

North America Outlook (USD Million, 2018-2032)
- North America V2X by Technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- North America V2X by Component
  - Hardware
  - Software
- North America V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- North America V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- North America V2X by Connectivity
  - DSRC
  - Cellular
- North America V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- North America V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- US Outlook (USD Million, 2018-2032)
- US V2X by technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- US V2X by Component
  - Hardware
  - Software
- US V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- US V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- US V2X by Connectivity
  - DSRC
  - Cellular
- US V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- US V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Canada Outlook (USD Million, 2018-2032
- Canada V2X by technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- Canada V2X by Component
  - Hardware
  - Software
- Canada V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- Canada V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- Canada V2X by Connectivity
  - DSRC
  - Cellular
- Canada V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- Canada V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Mexico Outlook (USD Million, 2018-2032)
- Mexico V2X by Technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- Mexico V2X by Component
  - Hardware
  - Software
- Mexico V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- Mexico V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- Mexico V2X by Connectivity
  - DSRC
  - Cellular
- Mexico V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- Mexico V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Europe Outlook (USD Million, 2018-2032)
  - EUROPE V2X by Technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - EUROPE V2X by Component
    - Hardware
    - Software
  - EUROPE V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - EUROPE V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - EUROPE V2X by Connectivity
    - DSRC
    - Cellular
  - EUROPE V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - EUROPE V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Germany Outlook (USD Million, 2018-2032)
  - Germany V2X by Technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Germany V2X by Component
    - Hardware
    - Software
  - Germany V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Germany V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Germany V2X by Connectivity
    - DSRC
    - Cellular
  - Germany V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Germany V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - France Outlook (USD Million, 2018-2032)
  - France V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - France V2X by Component
    - Hardware
    - Software
  - France V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - France V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - France V2X by Connectivity
    - DSRC
    - Cellular
  - France V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - France V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - UK Outlook (USD Million, 2018-2032)
  - UK V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - UK V2X by Component
    - Hardware
    - Software
  - UK V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - UK V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - UK V2X by Connectivity
    - DSRC
    - Cellular
  - UK V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - UK V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - ITALY Outlook (USD Million, 2018-2032)
  - Italy V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Italy V2X by Component
    - Hardware
    - Software
  - Italy V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Italy V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Italy V2X by Connectivity
    - DSRC
    - Cellular
  - Italy V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Italy V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Rest Of Europe Outlook (USD Million, 2018-2032)
  - Rest of Europe V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Rest of Europe V2X by Component
    - Hardware
    - Software
  - Rest of Europe V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Rest of Europe V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Rest of Europe V2X by Connectivity
    - DSRC
    - Cellular
  - Rest of Europe V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Rest of Europe V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Asia-Pacific Outlook (USD Million, 2018-2032)
    - Asia-Pacific V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Asia-Pacific V2X by Component
      - Hardware
      - Software
    - Asia-Pacific V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Asia-Pacific V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Asia-Pacific V2X by Connectivity
      - DSRC
      - Cellular
    - Asia-Pacific V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Asia-Pacific V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - China Outlook (USD Million, 2018-2032)
    - China V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - China V2X by Component
      - Hardware
      - Software
    - China V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - China V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - China V2X by Connectivity
      - DSRC
      - Cellular
    - China V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - China V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Japan Outlook (USD Million, 2018-2032)
    - Japan V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Japan V2X by Component
      - Hardware
      - Software
    - Japan V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Japan V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Japan V2X by Connectivity
      - DSRC
      - Cellular
    - Japan V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Japan V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - India Outlook (USD Million, 2018-2032)
    - India V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - India V2X by Component
      - Hardware
      - Software
    - India V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - India V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - India V2X by Connectivity
      - DSRC
      - Cellular
    - India V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - India V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Rest of Asia-Pacific Outlook (USD Million, 2018-2032)
    - Rest of Asia-Pacific V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Rest of Asia-Pacific V2X by Component
      - Hardware
      - Software
    - Rest of Asia-Pacific V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Rest of Asia-Pacific V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Rest of Asia-Pacific V2X by Connectivity
      - DSRC
      - Cellular
    - Rest of Asia-Pacific V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Rest of Asia-Pacific V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Middle East & Africa Outlook (USD Million, 2018-2032)
      - Middle East & Africa V2X by technology
        
        Automated Driver Assistance
        
        Intelligent Traffic System
        
        Emergency Vehicle Notification
        
        Passenger Information System
        
        Fleet & Asset Management
        
        Parking Management System
        
        Line of Sight
        
        Non-line of Sight
        
        Others
      - Middle East & Africa V2X by Component
        
        Hardware
        
        Software
      - Middle East & Africa V2X by Communication Type
        
        V2C
        
        V2D
        
        V2G
        
        V2P
        
        V2V
        
        V2I
      - Middle East & Africa V2X by Propulsion
        
        Electric Vehicle (EV)
        
        ICE Vehicle
      - Middle East & Africa V2X by Connectivity
        
        DSRC
        
        Cellular
      - Middle East & Africa V2X by Unit Type
        
        Onboard Unit
        
        Roadside Unit
      - Middle East & Africa V2X by Vehicle Type
        
        Passenger Car
        
        Commercial Vehicle
      - South America Outlook (USD Million, 2018-2032)
        
        South America V2X by technology
        
        Automated Driver Assistance
        
        Intelligent Traffic System
        
        Emergency Vehicle Notification
        
        Passenger Information System
        
        Fleet & Asset Management
        
        Parking Management System
        
        Line of Sight
        
        Non-line of Sight
        
        Others
        
        South America V2X by Component
        
        Hardware
        
        Software
        
        South America V2X by Communication Type
        
        V2C
        
        V2D
        
        V2G
        
        V2P
        
        V2V
        
        V2I
        
        South America V2X by Propulsion
        
        Electric Vehicle (EV)
        
        ICE Vehicle
        
        South America V2X by Connectivity
        
        DSRC
        
        Cellular
        
        South America V2X by Unit Type
        
        Onboard Unit
        
        Roadside Unit
        
        South America V2X by Vehicle Type
        
        Passenger Car
        
        Commercial Vehicle

Market Trends

V2X Market Overview

V2X Market Size was valued at USD 3389 million in 2023. The V2X market industry is projected to grow from USD 4503.98 million in 2024 to USD 43,897.0 million by 2032, exhibiting a compound annual growth rate (CAGR) of 32.92% during the forecast period (2024 - 2032). Demand for automobile safety features and better traffic management, increasing deaths due to road accidents, and increase in sale of EV and luxury vehicles are the key market drivers boosting the growth of the V2X market.

As per Analyst at MRFR, “The rapid growth of the market is led by factors such as high demand for automobile safety features, better traffic management and increasing deaths due to road accidents. The growing integration of advanced technology presents a significant opportunity for the market players to take advantage of the growing V2X market”.

FIGURE 1: V2X MARKET SIZE 2018-2032 (USD MILLION)

V2X Market

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

V2X Market Technology Segment Insights:

V2X Technology Insights

Based on Technology, the V2X Market segmentation includes Automated Driver Assistance, Intelligent Traffic System, Emergency Vehicle Notification, Passenger Information System, Fleet ...

Market Segment Insights

Smartphone Sensors Smartphone Type Insights

The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

Smartphone Sensors Manufacturer Insights

The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

Smartphone Sensors Application Insights

Smartphone Sensors Regional Insights

Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

Smartphone Sensors Price Insights

The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

Get more detailed insights about V2X Market

Key Players and Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

Key Companies in the Smartphone Sensors market include

MS AG (Austria)

Industry Developments

September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

Market Segmentation

Smartphone Type Outlook

Standard Smartphone
Rugged Smartphone
Smartwatches
Other Wearable

Price Outlook

USD 300 to USD 500
USD 100 to USD 300
Above USD 500
Under USD 100

Manufacturer Outlook

Apple Inc.
Samsung Electronics
Huawei Technology
Xiaomi Inc.

Oppo
Sony Corporation
HMD Global

Application Outlook

High-Level
Mid-Level
Low-Level

Manufacturer Outlook

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

China
Japan
India
Italy
Australia
South Korea
Rest of Asia-Pacific

Rest of the World

Middle East
Africa
Latin America

Report Scope

Report Attribute/Metric	Details
Market Size 2023	USD 3389 million
Market Size 2024	USD 4503.98 million
Market Size 2032	USD 43,897.0 million
Compound Annual Growth Rate (CAGR)	32.92% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2019- 2022
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Technology, Component, Communication Type, Propulsion, Connectivity, Unit Type, Vehicle Type, and Region
Geographies Covered	North America, Europe, Asia-Pacific, Middle East & Africa, and South America
Countries Covered	US, Canada, Mexico, UK, Germany, France, Italy, China, Japan, India
Key Companies Profiled	Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, STMicroelectronics NV, NXP Semiconductors, Qualcomm Technologies, Inc., Autotalks Ltd., and HARMAN International
Key Market Opportunities	· Technological Advancements
Key Market Dynamics	· Demand for automobile safety features and better traffic management · Increasing deaths due to road accidents · Increase in sale of EV and luxury vehicles

Market Highlights

Author

Aarti Dhapte

Team Lead - Research

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the market value of the global V2X market?

The global V2X is expected to record a substantial market valuation due to the increasing expansion of the automotive industry over the world

What is the estimated growth rate of the global V2X?

The global V2X is projected to register a moderate CAGR in the forecast period.

What is the component segment of the global V2X market expected to witness the highest growth?

The hardware segment is slated to expand as the fastest-growing segment.

What is the propulsion segment of the global V2X market expected to witness the highest growth?

The ICE segment is slated to expand as the fastest-growing segment.

Who are the key players operative in the global V2X market?

A few major market players operating in the global V2X are Continental (Germany), NXP Semiconductors (Netherlands), Robert Bosch (Germany), Qualcomm (US), among others.

GLOBAL V2X MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION)
US V2X MARKET ESTIMATES & FORECAST, BY CONNECTIVITY, 2018-2032 (USD MILLION)
EUROPE V2X MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018-2032 (USD MILLION)
EUROPE V2X MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION)
GERMANY V2X MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION)
FRANCE V2X MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION)
ITALY V2X MARKET ESTIMATES & FORECAST, BY COMMUNICATION TYPE, 2018-2032 (USD
ITALY V2X MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION)

V2X Market Segmentation

Global V2X technology Outlook (USD Million, 2018-2032)

Automated Driver Assistance
Intelligent Traffic System
Emergency Vehicle Notification
Passenger Information System
Fleet & Asset Management
Parking Management System
Line of Sight
Non-line of Sight
Others

Global V2X Component Outlook (USD Million, 2018-2032)

Hardware
Software

Global V2X Communication Type Outlook (USD Million, 2018-2032)

Global V2X Propulsion Outlook (USD Million, 2018-2032)

Electric Vehicle (EV)
ICE Vehicle

Global V2X Connectivity Outlook (USD Million, 2018-2032)

DSRC
Cellular

Global V2X Unit Type Outlook (USD Million, 2018-2032)

Onboard Unit
Roadside Unit

Global V2X Vehicle Type Outlook (USD Million, 2018-2032)

Passenger Car
Commercial Vehicle

Global V2X Regional Outlook (USD Million, 2018-2032)

North America Outlook (USD Million, 2018-2032)
- North America V2X by Technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- North America V2X by Component
  - Hardware
  - Software
- North America V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- North America V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- North America V2X by Connectivity
  - DSRC
  - Cellular
- North America V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- North America V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- US Outlook (USD Million, 2018-2032)
- US V2X by technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- US V2X by Component
  - Hardware
  - Software
- US V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- US V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- US V2X by Connectivity
  - DSRC
  - Cellular
- US V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- US V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Canada Outlook (USD Million, 2018-2032
- Canada V2X by technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- Canada V2X by Component
  - Hardware
  - Software
- Canada V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- Canada V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- Canada V2X by Connectivity
  - DSRC
  - Cellular
- Canada V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- Canada V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Mexico Outlook (USD Million, 2018-2032)
- Mexico V2X by Technology
  - Automated Driver Assistance
  - Intelligent Traffic System
  - Emergency Vehicle Notification
  - Passenger Information System
  - Fleet & Asset Management
  - Parking Management System
  - Line of Sight
  - Non-line of Sight
  - Others
- Mexico V2X by Component
  - Hardware
  - Software
- Mexico V2X by Communication Type
  - V2C
  - V2D
  - V2G
  - V2P
  - V2V
  - V2I
- Mexico V2X by Propulsion
  - Electric Vehicle (EV)
  - ICE Vehicle
- Mexico V2X by Connectivity
  - DSRC
  - Cellular
- Mexico V2X by Unit Type
  - Onboard Unit
  - Roadside Unit
- Mexico V2X by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
- Europe Outlook (USD Million, 2018-2032)
  - EUROPE V2X by Technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - EUROPE V2X by Component
    - Hardware
    - Software
  - EUROPE V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - EUROPE V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - EUROPE V2X by Connectivity
    - DSRC
    - Cellular
  - EUROPE V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - EUROPE V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Germany Outlook (USD Million, 2018-2032)
  - Germany V2X by Technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Germany V2X by Component
    - Hardware
    - Software
  - Germany V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Germany V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Germany V2X by Connectivity
    - DSRC
    - Cellular
  - Germany V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Germany V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - France Outlook (USD Million, 2018-2032)
  - France V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - France V2X by Component
    - Hardware
    - Software
  - France V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - France V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - France V2X by Connectivity
    - DSRC
    - Cellular
  - France V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - France V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - UK Outlook (USD Million, 2018-2032)
  - UK V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - UK V2X by Component
    - Hardware
    - Software
  - UK V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - UK V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - UK V2X by Connectivity
    - DSRC
    - Cellular
  - UK V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - UK V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - ITALY Outlook (USD Million, 2018-2032)
  - Italy V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Italy V2X by Component
    - Hardware
    - Software
  - Italy V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Italy V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Italy V2X by Connectivity
    - DSRC
    - Cellular
  - Italy V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Italy V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Rest Of Europe Outlook (USD Million, 2018-2032)
  - Rest of Europe V2X by technology
    - Automated Driver Assistance
    - Intelligent Traffic System
    - Emergency Vehicle Notification
    - Passenger Information System
    - Fleet & Asset Management
    - Parking Management System
    - Line of Sight
    - Non-line of Sight
    - Others
  - Rest of Europe V2X by Component
    - Hardware
    - Software
  - Rest of Europe V2X by Communication Type
    - V2C
    - V2D
    - V2G
    - V2P
    - V2V
    - V2I
  - Rest of Europe V2X by Propulsion
    - Electric Vehicle (EV)
    - ICE Vehicle
  - Rest of Europe V2X by Connectivity
    - DSRC
    - Cellular
  - Rest of Europe V2X by Unit Type
    - Onboard Unit
    - Roadside Unit
  - Rest of Europe V2X by Vehicle Type
    - Passenger Car
    - Commercial Vehicle
  - Asia-Pacific Outlook (USD Million, 2018-2032)
    - Asia-Pacific V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Asia-Pacific V2X by Component
      - Hardware
      - Software
    - Asia-Pacific V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Asia-Pacific V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Asia-Pacific V2X by Connectivity
      - DSRC
      - Cellular
    - Asia-Pacific V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Asia-Pacific V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - China Outlook (USD Million, 2018-2032)
    - China V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - China V2X by Component
      - Hardware
      - Software
    - China V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - China V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - China V2X by Connectivity
      - DSRC
      - Cellular
    - China V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - China V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Japan Outlook (USD Million, 2018-2032)
    - Japan V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Japan V2X by Component
      - Hardware
      - Software
    - Japan V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Japan V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Japan V2X by Connectivity
      - DSRC
      - Cellular
    - Japan V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Japan V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - India Outlook (USD Million, 2018-2032)
    - India V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - India V2X by Component
      - Hardware
      - Software
    - India V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - India V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - India V2X by Connectivity
      - DSRC
      - Cellular
    - India V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - India V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Rest of Asia-Pacific Outlook (USD Million, 2018-2032)
    - Rest of Asia-Pacific V2X by technology
      - Automated Driver Assistance
      - Intelligent Traffic System
      - Emergency Vehicle Notification
      - Passenger Information System
      - Fleet & Asset Management
      - Parking Management System
      - Line of Sight
      - Non-line of Sight
      - Others
    - Rest of Asia-Pacific V2X by Component
      - Hardware
      - Software
    - Rest of Asia-Pacific V2X by Communication Type
      - V2C
      - V2D
      - V2G
      - V2P
      - V2V
      - V2I
    - Rest of Asia-Pacific V2X by Propulsion
      - Electric Vehicle (EV)
      - ICE Vehicle
    - Rest of Asia-Pacific V2X by Connectivity
      - DSRC
      - Cellular
    - Rest of Asia-Pacific V2X by Unit Type
      - Onboard Unit
      - Roadside Unit
    - Rest of Asia-Pacific V2X by Vehicle Type
      - Passenger Car
      - Commercial Vehicle
    - Middle East & Africa Outlook (USD Million, 2018-2032)
      - Middle East & Africa V2X by technology
        Automated Driver Assistance
        Intelligent Traffic System
        Emergency Vehicle Notification
        Passenger Information System
        Fleet & Asset Management
        Parking Management System
        Line of Sight
        Non-line of Sight
        Others
      - Middle East & Africa V2X by Component
        Hardware
        Software
      - Middle East & Africa V2X by Communication Type
        V2C
        V2D
        V2G
        V2P
        V2V
        V2I
      - Middle East & Africa V2X by Propulsion
        Electric Vehicle (EV)
        ICE Vehicle
      - Middle East & Africa V2X by Connectivity
        DSRC
        Cellular
      - Middle East & Africa V2X by Unit Type
        Onboard Unit
        Roadside Unit
      - Middle East & Africa V2X by Vehicle Type
        Passenger Car
        Commercial Vehicle
      - South America Outlook (USD Million, 2018-2032)
        South America V2X by technology
        Automated Driver Assistance
        Intelligent Traffic System
        Emergency Vehicle Notification
        Passenger Information System
        Fleet & Asset Management
        Parking Management System
        Line of Sight
        Non-line of Sight
        Others
        South America V2X by Component
        Hardware
        Software
        South America V2X by Communication Type
        V2C
        V2D
        V2G
        V2P
        V2V
        V2I
        South America V2X by Propulsion
        Electric Vehicle (EV)
        ICE Vehicle
        South America V2X by Connectivity
        DSRC
        Cellular
        South America V2X by Unit Type
        Onboard Unit
        Roadside Unit
        South America V2X by Vehicle Type
        Passenger Car
        Commercial Vehicle

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V2X Market Overview

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