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The global V2X Chipset market size was valued at USD 680.29 Million in 2022 and will reach USD 6540.29 Million in 2028, with a CAGR of 45.82% during 2022-2028.
V2X (Vehicle-to-Everything) is a wireless technology that allows vehicles to communicate with other vehicles and their surroundings. V2X-Chipset is an integrated circuit hardware including the wireless modem that manages the V2X information transmission and reception over a dedicated radio spectrum. The V2X chipset empowers industry automakers and roadside infrastructure providers with V2X capabilities for safety and autonomous driving.
A V2X chipset is an integrated circuit hardware, including a wireless modem, that manages the transmission and reception of V2X information on a dedicated radio spectrum. There are two implementation routes of V2X, DSRC and C-V2X. The implementation scenarios of V2X chipsets are also constantly upgraded. Phase 1 V2X provides life-saving condition-aware alerts. In the second phase, V2X applications can use sensor data shared by other vehicles to achieve key actions such as automatic braking. With the development of technology, the functions realized by the V2X chipset continue to increase.
1 Drivers
1.1 The accelerated process of autonomous driving drives the development of V2X chipsets.
Self-driving cars rely on the collaboration of Internet of Vehicles, 5G, artificial intelligence, visual computing, radar, monitoring devices and global positioning systems to automatically and safely operate motor vehicles, representing the future development direction of the automotive industry. In the autonomous driving solution, the V2X chipset is an important part of vehicle-road coordination.
1.2 Intelligent Transportation Brings New Opportunities for V2X Chipsets.
A new era of smart transportation, vehicle-to-everything (V2X) technology enabled by V2X chipsets will help improve safety, reduce congestion, and enhance mobility. Improve vehicle and pedestrian safety and advance climate sustainability goals.
2 Challenges
2.1 High risk of technology upgrade iteration and product development.
2.2 High capital and talent barriers.
3 Restraints
3.1 Raw material prices fluctuate.
3.2 High cost is an important limiting factor.
The hardware and software services related to automotive V2X chipset are very expensive. Therefore, major customers face the problem of reducing costs when implementing vehicle-to-vehicle connectivity systems.
Region Overview:
Asia-Pacific was the largest revenue market with a market share of 53.11% in 2019 and 52.65% in 2022, a decrease of 0.47%. In 2022, Europe market share was 24.77%, ranking second.
Company Overview:
Qualcomm
Qualcomm Incorporated operates as a multinational semiconductor and telecommunications equipment company. The Company develops and delivers digital wireless communications products and services based on CDMA digital technology.
Autotalks
Autotalks Ltd operates as a fabless semiconductor company. The Company offers vehicle-to-vehicle (V2V) communications products for autonomous driving. Autotalks serves customers globally.
The industry concentrate rate is relatively high. The market share of the top three companies in 2021 was 69.21%. The top three companies are Qualcomm, Autotalks and NXP, with the revenue market share of 39.20%, 16.98% and 13.03% in 2021.
Segmentation Overview:
Among different product types, V2V segment is anticipated to contribute the largest market share in 2027.
Application Overview:
Road Safety Service
The V2X chipset endows vehicles with communication capabilities, helps build intelligent transportation systems, provides road safety services, improves traffic efficiency, saves resources, avoids traffic accidents, and improves traffic management.
Automatic Parking System
The V2X chipset connects the vehicle to any object that can interact with the vehicle through multiple forms of communication, including other vehicles, pedestrians, roadside infrastructure and the network, and is an important part of the automatic parking system.
Auto Car Service
V2X chipsets provide fast and reliable communication between smart vehicles and intelligent transportation systems. Let smart vehicles obtain relevant information about road conditions and traffic participants in real time, help prevent traffic accidents through scene prediction, and make travel safer, more convenient and more efficient. Automakers are committed to using V2X chipsets to realize functions such as automatic driving and upgrade vehicle smart devices; they will also integrate advanced functions, such as high-precision maps and human-computer interaction, to enhance the driver experience.
By application, the Road Safety Service segment occupied the biggest share from 2017 to 2022.
The V2X Chipset market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global V2X Chipset market covered in Chapter 4:
NXP
Qualcomm
Datang GohighSec
Quectel Wireless Solutions
Autotalks
Huawei Technologies
In Chapter 12 and Chapter 14.1, on the basis of types, the V2X Chipset market from 2018 to 2028 is primarily split into:
V2V
V2I
V2P
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the V2X Chipset market from 2018 to 2028 covers:
Road Safety Service
Automatic Parking System
Auto Car Service
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the V2X Chipset market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the V2X Chipset market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides V2X Chipset industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts V2X Chipset industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the V2X Chipset market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight V2X Chipset market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the V2X Chipset market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the V2X Chipset market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
V2X (Vehicle-to-Everything) is a wireless technology that allows vehicles to communicate with other vehicles and their surroundings. V2X-Chipset is an integrated circuit hardware including the wireless modem that manages the V2X information transmission and reception over a dedicated radio spectrum. The V2X chipset empowers industry automakers and roadside infrastructure providers with V2X capabilities for safety and autonomous driving.
A V2X chipset is an integrated circuit hardware, including a wireless modem, that manages the transmission and reception of V2X information on a dedicated radio spectrum. There are two implementation routes of V2X, DSRC and C-V2X. The implementation scenarios of V2X chipsets are also constantly upgraded. Phase 1 V2X provides life-saving condition-aware alerts. In the second phase, V2X applications can use sensor data shared by other vehicles to achieve key actions such as automatic braking. With the development of technology, the functions realized by the V2X chipset continue to increase.
1 Drivers
1.1 The accelerated process of autonomous driving drives the development of V2X chipsets.
Self-driving cars rely on the collaboration of Internet of Vehicles, 5G, artificial intelligence, visual computing, radar, monitoring devices and global positioning systems to automatically and safely operate motor vehicles, representing the future development direction of the automotive industry. In the autonomous driving solution, the V2X chipset is an important part of vehicle-road coordination.
1.2 Intelligent Transportation Brings New Opportunities for V2X Chipsets.
A new era of smart transportation, vehicle-to-everything (V2X) technology enabled by V2X chipsets will help improve safety, reduce congestion, and enhance mobility. Improve vehicle and pedestrian safety and advance climate sustainability goals.
2 Challenges
2.1 High risk of technology upgrade iteration and product development.
2.2 High capital and talent barriers.
3 Restraints
3.1 Raw material prices fluctuate.
3.2 High cost is an important limiting factor.
The hardware and software services related to automotive V2X chipset are very expensive. Therefore, major customers face the problem of reducing costs when implementing vehicle-to-vehicle connectivity systems.
Region Overview:
Asia-Pacific was the largest revenue market with a market share of 53.11% in 2019 and 52.65% in 2022, a decrease of 0.47%. In 2022, Europe market share was 24.77%, ranking second.
Company Overview:
Qualcomm
Qualcomm Incorporated operates as a multinational semiconductor and telecommunications equipment company. The Company develops and delivers digital wireless communications products and services based on CDMA digital technology.
Autotalks
Autotalks Ltd operates as a fabless semiconductor company. The Company offers vehicle-to-vehicle (V2V) communications products for autonomous driving. Autotalks serves customers globally.
The industry concentrate rate is relatively high. The market share of the top three companies in 2021 was 69.21%. The top three companies are Qualcomm, Autotalks and NXP, with the revenue market share of 39.20%, 16.98% and 13.03% in 2021.
Segmentation Overview:
Among different product types, V2V segment is anticipated to contribute the largest market share in 2027.
Application Overview:
Road Safety Service
The V2X chipset endows vehicles with communication capabilities, helps build intelligent transportation systems, provides road safety services, improves traffic efficiency, saves resources, avoids traffic accidents, and improves traffic management.
Automatic Parking System
The V2X chipset connects the vehicle to any object that can interact with the vehicle through multiple forms of communication, including other vehicles, pedestrians, roadside infrastructure and the network, and is an important part of the automatic parking system.
Auto Car Service
V2X chipsets provide fast and reliable communication between smart vehicles and intelligent transportation systems. Let smart vehicles obtain relevant information about road conditions and traffic participants in real time, help prevent traffic accidents through scene prediction, and make travel safer, more convenient and more efficient. Automakers are committed to using V2X chipsets to realize functions such as automatic driving and upgrade vehicle smart devices; they will also integrate advanced functions, such as high-precision maps and human-computer interaction, to enhance the driver experience.
By application, the Road Safety Service segment occupied the biggest share from 2017 to 2022.
The V2X Chipset market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global V2X Chipset market covered in Chapter 4:
NXP
Qualcomm
Datang GohighSec
Quectel Wireless Solutions
Autotalks
Huawei Technologies
In Chapter 12 and Chapter 14.1, on the basis of types, the V2X Chipset market from 2018 to 2028 is primarily split into:
V2V
V2I
V2P
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the V2X Chipset market from 2018 to 2028 covers:
Road Safety Service
Automatic Parking System
Auto Car Service
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the V2X Chipset market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the V2X Chipset market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides V2X Chipset industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts V2X Chipset industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the V2X Chipset market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight V2X Chipset market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the V2X Chipset market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the V2X Chipset market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
