Cellular Vehicle to Everything Market is set to see healthy CAGR during 2018 to 2025 - PowerPoint PPT Presentation

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Cellular Vehicle to Everything Market is set to see healthy CAGR during 2018 to 2025

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The Cellular Vehicle-to-Everything (C-V2X) Market growth is characterized by technological advancements in vehicle telematics & infotainment systems and the growing emphasis on strengthening the regulations for driver safety by government institutions. Increasing number of fatalities in road accidents is prompting transport departments to undertake new initiatives to minimize the accidents by allowing vehicles to communicate with their surroundings. According to the World Health Organization’s global status report on road safety 2018, the number of annual road traffic fatalities reached 1.35 million. The growing uptake of vehicles is leading to an increase in traffic on freeways as well as in urban and rural areas. This has led government institutions to frame new legislation to curb the impact of road accidents by strengthening the norms for driver safety. – PowerPoint PPT presentation

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Title: Cellular Vehicle to Everything Market is set to see healthy CAGR during 2018 to 2025


1
Cellular Vehicle to Everything Market is set to
see healthy CAGR during 2018 to 2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Cellular Vehicle to
Everything Market
  • The Europe Cellular Vehicle to Everything Market
    held the highest market share of around 40 in
    2018 and will maintain the market dominance over
    the forecast period. The key factors influencing
    the market growth are large-scale initiatives by
    the automotive industry associations and
    government authorities for the rapid testing and
    deployment of autonomous connected car
    technologies
  • The EU has allocated a budget of around USD 353
    million from the EU's framework program for
    research and innovation, Horizon 2020, to support
    RD on automated vehicles. Such initiatives will
    accelerate the incorporation of C-V2X solutions
    in commercial as well as passenger vehicles in
    the region.

3
  • Application Analysis of Cellular Vehicle to
    Everything Market
  • The commercial vehicle segment is attracting more
    RD and investments for autonomous driving
    technology to reduce fleet management costs in
    the transport sector. V2V communication
    technologies are being extensively tested and
    deployed for platooning applications in
    commercial fleets, wherein multiple trucks drive
    in unison in very close proximity. Peloton, a
    Silicon Valley company developing this technology
    observed that it reduces fuel consumption for the
    lead trucks by 4.5 and the following trucks by
    10. V2V proves to be an excellent underlying
    technology that enables platooning in an
    effective manner for commercial fleets driving
    for long distances.
  • The collision avoidance segment is projected to
    hold a majority Cellular Vehicle to Everything
    Market share of around 30 by 2025. With
    extensive research being conducted on Intelligent
    Transportation Systems (ITS), the use of
    inter-vehicle cooperative (active) safety systems
    is being increasingly studied tested in
    vehicles to avoid vehicle collisions.

4
Competitive Market Share of Cellular Vehicle to
Everything Market
  • 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 Panasonics
    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).

5

Browse Full Market Research Report On Cellular
Vehicle to Everything Market _at_ http//bit.ly/2MTB3
bm Request for a sample of this research report
_at_ http//bit.ly/2MTq2H4
6
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